Altcoins News

Story: XRP Hits 11% Monthly Loss as Ethereum Fights $1,750 and Pi Network Craters to $0.11

By Steven Anderson

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Ethereum's Ugly Quarter — Make That Three. Ethereum's situation is probably more alarming to long-term holders.

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Pi Network's Pi2Day Flop. Pi Network went big on June 28 with its Pi2Day event.

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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.

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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.

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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…

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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…

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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.

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And it's not just price. Three straight losing quarters is a psychological weight on the asset's narrative.

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The $1,720 level isn't a comfortable perch. It's a ledge.

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Related: Ripple Drops $1.25 Billion on Prime Broker Tied to XRP Ledger and RLUSD

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Pi Network went big on June 28 with its Pi2Day event. The team rolled out three new features: SoloHost, Pi Sign-in, and PiVerify.

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The market didn't care. At least not in the direction Pi's community was hoping.

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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…

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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.

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The features themselves — SoloHost, Pi Sign-in, PiVerify — are designed to make Pi more useful in real-world applications.

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