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XRP is down 11% over the past month. It’s sitting near $1.10, and the institutional money that once propped it up seems to be quietly walking out the door.
The clearest sign of that exit came from spot XRP ETF flows, which posted negative performance for two consecutive days — the first back-to-back red days since March. For a token that leaned heavily on ETF demand as a bullish narrative, that’s a bad look. And the MVRV data makes it worse. XRP’s 30-day MVRV ratio sits at -45%, while the 365-day figure is -47%. Those numbers put average returns at some of the weakest levels in the token’s history. Basically, most people holding XRP right now — whether they bought last month or last year — are underwater. The market knows it. Sentiment reflects it.
Not all signals point down, though.
Analyst Ali Martinez flagged a buy signal from XRP’s SuperTrend indicator, which is the kind of technical read that tends to get traders’ attention even when macro conditions look rough. Whether that signal has legs or gets swallowed by broader selling pressure is unclear. The MVRV ratios suggest a potential market bottom, but “potential” is doing a lot of work in that sentence.
Ethereum’s Ugly Quarter — Make That Three
Ethereum’s situation is probably more alarming to long-term holders. ETH has bounced from around $1,500 back to roughly $1,720, which sounds like good news until you remember it just logged its third consecutive quarterly loss. That’s the first time that’s happened in Ethereum’s history. Not a fun milestone.
Analysts Ted and Sjuul from AltCryptoGems have both flagged how precarious ETH’s position is right now. The $1,700-$1,750 range is the zone that matters. Reclaiming it — and holding it — would open the door to real upward momentum. Failing to hold it probably sends ETH back toward yearly lows. That’s the binary traders are watching.
And it’s not just price. Three straight losing quarters is a psychological weight on the asset’s narrative. Ethereum has always had the “it’s infrastructure, not speculation” defense, but that argument gets harder to make when the chart keeps going the wrong direction. Analysts see potential long opportunities here, but the word “precarious” keeps coming up. Hard to ignore.
The $1,720 level isn’t a comfortable perch. It’s a ledge.
Pi Network’s Pi2Day Flop
Pi Network went big on June 28 with its Pi2Day event. The team rolled out three new features: SoloHost, Pi Sign-in, and PiVerify. The pitch was about pushing Pi’s ecosystem into AI, digital identity, and third-party service integrations — a meaningful expansion on paper.
The market didn’t care. At least not in the direction Pi’s community was hoping.
The token hit an all-time low of around $0.11 right after the announcements. Classic “sell the news” mechanics — anticipation drives price up heading into an event, then reality hits and traders dump. Pi is now trading near $0.12, which is a modest 1.5% daily uptick, but it’s coming off a historic low. That’s not exactly a ringing endorsement.
There are a couple of technical reasons some traders think a bounce is possible. The RSI entered oversold territory, which historically precedes at least short-term relief rallies. Token unlocks have also slowed, which reduces sell-side pressure. Whether those factors outweigh the broader disappointment from Pi2Day is still murky.
The features themselves — SoloHost, Pi Sign-in, PiVerify — are designed to make Pi more useful in real-world applications. Digital identity tools and AI integration aren’t trivial additions. But utility takes time to translate into price. And Pi’s community, which has waited a long time already for meaningful traction, is probably tired of waiting for “eventually.”
It’s worth noting that Pi’s all-time low coming on the same day as its biggest product launch in recent memory is a rough narrative to shake. The tools might be good. The timing wasn’t.
So you’ve got three tokens, three different problems. XRP is bleeding institutional interest and sitting on historically weak MVRV readings. Ethereum just made history in the worst way — three straight quarterly losses — while clinging to a make-or-break price range. And Pi Network launched new features to an all-time low.
The SuperTrend buy signal on XRP is probably the most actionable near-term item across the three, per Martinez’s read.
Hub: XRP price, news, and analysis
Frequently Asked Questions
What are XRP’s current MVRV ratios and what do they mean?
XRP’s 30-day MVRV ratio is -45% and its 365-day ratio is -47%, meaning the average holder over both timeframes is currently at a loss — some of the weakest return figures in the token’s history.
What did Pi Network launch at the Pi2Day event on June 28?
Pi Network launched SoloHost, Pi Sign-in, and PiVerify, three features aimed at expanding the platform into AI, digital identity, and third-party service integrations.
