The cryptocurrency market just can’t catch a break, sliding into yet another sharp pullback several hours ago. Ripple’s XRP tumbled to its lowest level since late 2024, while Cardano’s ADA fared even worse.

Meanwhile, Pi Network’s team issued key announcements and hinted at major updates that could arrive later this week.

XRP on the Edge

Ripple’s cross-border token lost another 21% of its value over the past month, and several hours ago it plummeted to just north of the psychological $1 mark.

Speaking on the downturn, X user CasiTrades highlighted some key levels that could come into play if the bears remain in charge. She described $0.93 as a buying opportunity, while $0.87 was depicted as a primary target. The analyst also argued that XRP is at its “most critical moment in the market cycle.”

“Correction is approaching its final level. The fear will be LOUD! People will likely start calling for lower and lower prices as the level is reached. They’ll tell you the market is going to zero. But don’t let someone else’s fear cause you to miss your own opportunity. Every major trend begins when sentiment is at its worst. The correction is doing exactly what it should. This is a perfect market structure,” she added.

X user Gerla also gave their two cents. They claimed that XRP is nearing the end of a seven-year wedge and predicted that “the next move could be the biggest one in years.”

What Is Pi Network Preparing?

The Core Team has been quite active lately, unveiling important protocol updates and other ecosystem advancements. The community, though, expects more groundbreaking announcements that could trigger a price rally for PI, which is why it has set its attention on Pi2Day – the symbolic day celebrated each year on June 28.

Earlier this week, Pi Network added more fuel to the mounting speculation by highlighting last year’s event, which included Pi App Studio, Directory Staking, Node updates, and other releases.

“Stay tuned on June 28 for what’s to come,” it teased.

Additionally, the team reminded that Pi2Day represents the final deadline for the Vibe Coder campaign, which aims to bring AI-powered apps into the project’s distribution network via Pi App Studio. June 28 will also mark the close of the Pi Launchpad testing period, which features the debut of the SLICE test token.

ADA Bleeds Heavily

The token is no longer part of crypto’s top 20 club, and earlier today its price briefly fell below $0.14 for the first time since 2020. Some of the primary reasons behind its downfall include the broader market collapse, Charles Hoskinson’s concerning comments, and the exploit of the Cardano ecosystem project SecondFi.

The popular analyst Ali Martinez revealed that ADA’s TD Sequential indicator flashed a buy signal, which could result in a resurgence to as high as $0.176. However, the revival might be short-lived and followed by another leg down:

“While this indicator signals a near-term bounce, the broader market structure suggests caution. This localized push may act as a trap to lure in buyers before hitting immediate resistance and continuing lower.”

Source: CryptoPotato