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XRP Holds the Line at $2 – But For How Long?
April 11, 2025
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XRP has been hovering near the $2 mark for several days, struggling to build momentum after its sharp rally earlier this year. While the price hasn’t moved much in recent hours, the bigger picture shows clear signs of uncertainty. XRP is still among the strongest performers over the last 12 months, but recent dips and falling volume suggest traders are waiting for a clearer signal before making their next move.

Momentum Indicators

RSI: Neutral

The Relative Strength Index gives us a glimpse into short-term sentiment. Right now, both the standard 14-day RSI and the shorter 7-day version suggest neither buyers nor sellers have the upper hand. RSI(14) stands at 44, slightly up from yesterday’s 42. RSI(7) rose more sharply to 47 from 43 – a small but visible attempt to bounce, although not yet convincing.

MFI: Recovering

The Money Flow Index – which combines price and volume is painting a more optimistic picture. MFI(14) has moved from a weak 33 one week ago to 46 today. This steady climb could suggest that while price hasn’t reacted yet, capital is beginning to return. If the trend continues, it might set the stage for a stronger recovery attempt.

Fear & Greed Index: Fear

While XRP-specific sentiment is hard to quantify, the general crypto mood still leans toward caution. The crypto Fear & Greed Index currently reads 25 – close to the extreme fear zone. That’s a noticeable drop from the 39 recorded just yesterday. The mood among traders has turned more defensive again, likely tied to geopolitical tensions and macroeconomic pressure.

Picture showing Fear and Greed Index gauge

Moving Averages

SMA & EMA: Bearish

Short-term averages are flat, but longer-term ones are pulling away from the current price. SMA(9) and EMA(9) are both around $2, showing no immediate momentum. But the 26-day SMA sits at 2.2 and EMA at 2.14 – a gap that reinforces the idea that recent declines haven’t been reversed. As long as XRP trades under these levels, upward pressure will stay limited.

Bollinger Bands: Neutral

XRP is trading between the Bollinger Bands, which currently range from 1.77 to 2.5. The price is almost in the middle. That means there’s no breakout signal for now. Volatility is present but not extreme. Traders might see this as a waiting zone – watching to see which direction gets tested next.

Trend & Volatility Indicators

ADX: Strengthening

ADX at 25 means the trend is gaining strength. That’s up from 17 a week ago, and shows that momentum – while still moderate – is no longer flatlining. The trend direction, however, is not clearly bullish or bearish. We’re seeing movement, but not commitment.

ATR: Stable Volatility

The Average True Range sits at 0.18. That’s lower than yesterday, but slightly higher than last week. In simple terms, price swings are slightly elevated, but not out of control. Traders are active, but they’re not rushing in or out.

AO: Bearish

The Awesome Oscillator is still negative, sitting at -0.29. It suggests that bearish momentum hasn’t fully faded. While it’s slightly better than a week ago, there’s no clear reversal yet. This will need to flip before the bulls can gain real control.

VWAP: Overextended

VWAP at 2.57 is well above the spot price. This confirms that XRP is trading below its average weighted by volume – often a sign of weakness. It might also suggest limited buying interest at higher prices, unless volume returns strongly.

Relative Performance

Comparison Against BTC: Underperforming

XRP is losing ground against Bitcoin. The XRP/BTC ratio fell by 2.6% over the past week and nearly 11% in the last month. Bitcoin has been holding up better than most assets recently, and BTC dominance is near its highest level in years.

What Else Is Driving XRP?

XRP’s recent slowdown is partly tied to broader macro pressure. While Trump has paused most new tariffs for 90 days to allow negotiations, the uncertainty hasn’t gone away. Tariffs on Chinese imports remain in place – now raised to a steep 145% – and markets are still cautious. XRP had a strong start to the year, but like many altcoins, it’s now reacting to forces well outside the crypto space.

At the same time, the recent launch of 2x leveraged ETF (XXRP) shows there’s institutional interest in XRP exposure – even if it’s speculative. However, it’s not a spot ETF, so the long-term impact on price may be limited.

Read also: XRP’s First ETF Launches – But The Price Drops Anyway

Conclusion

Most technical indicators show mixed signals. RSI and MFI are stable or rising, but the Awesome Oscillator remains negative and XRP is under key moving averages. Trend strength is picking up, but the direction is unclear. While some data points – like the MFI and ADX – hint at building momentum, others suggest the coin is still searching for direction.

It’s also important that technical analysis can be helpful in identifying trends, but it doesn’t factor in unexpected news or sudden shifts in investor mood. With tariffs, ETFs, and global sentiment all moving fast, charts might be just one piece of a much bigger puzzle. For now, XRP is holding its ground – but to break higher, it needs more than just technical support. It needs volume, confidence, and a reason to move.

 

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And now jobs data and more onchain..
-Michael Cahill CEO Pyth Network

https://x.com/mdomcahill/status/1963959800632410157

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

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This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
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🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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