The cryptocurrency market faced another tough period. One token, Pi Network’s PI, dropped to a new low. At the same time, two other well known assets, XRP and Ethereum, also moved lower. Some market watchers think a rebound could come later, but others worry prices may stay weak for a while. Here is a clear, simple explanation of what happened and what people are watching next.
What happened to PI, the Pi Network token
PI is the native token of Pi Network. It recently fell under the 0.16 dollar mark, hitting an all time low. At the time this was written, PI traded around 0.165 dollars. This means PI has fallen by about 95 percent from its peak price of around 3 dollars reached in February 2025. In plain terms, a big drop like this means the market for PI is shrinking very fast or people are choosing to sell a lot more than they buy.
Why so many PI coins could flood the market soon
Another big factor is something called token unlocks. In simple language, unlocks are moments when coins that have been held back are released into the market and can be traded. Data shows that more than 180 million PI coins are set to be released in the next 30 days. On average, about 6 million PI coins will unlock each day. The largest unlocks are expected on February 12 and February 13, when more than 35 million PI coins will become available for trading. When a lot of coins become available for sale at once, it can push prices lower because more coins are now on the market waiting to be sold. Think of it like more cars entering a parking lot at the same time, which can lower the price of each car available for sale.
Where PI coins are held and why that matters
In the last day, the number of PI coins stored on crypto exchanges increased by about 1.5 million. An exchange is a place where people buy and sell cryptocurrencies. If more coins sit on exchanges, there can be more selling pressure. This often leads to price declines, especially when new unlocks are coming. In simple terms, more coins on exchange means more people could choose to sell, which could push prices down further in the short term.
What is happening with XRP, the Ripple token
Ripple’s cross border payment token, XRP, has also been affected by the general market weakness. It slid to a multi month low. A separate factor behind its drop is big daily outflows from spot XRP exchange-traded funds (ETFs). An ETF is a fund that holds the asset and trades on a stock market. The outflows show that some big investors may be stepping back from buying XRP through these products. When big investors pull money from ETFs, prices can fall because demand drops.
What people think might happen next for XRP
Even with the current fall, some market observers remain optimistic about XRP. One user, STEPH IS CRYPTO, said XRP is in a very large consolidation phase. In plain terms, consolidation means the price has been moving within a wide range for a while, and traders are waiting for a big move. The user predicted a strong breakout at some point, which would push the price higher.
Another trader, ChartNerd, suggested that XRP could rally if buyers defend a key support level around 1.80 dollars. A support level is a price floor where demand might be strong enough to prevent the price from falling further. If bulls fail to defend this level, XRP could fall more before it has a chance to recover. As this is being written, XRP trades below that 1.80 dollar area, which means the price has not yet shown a clear sign of bouncing back at that level.
What is happening with Ethereum, the second largest cryptocurrency
The second largest cryptocurrency by market value, Ethereum or ETH, also fell a lot. Its price dropped well below 2,800 dollars. Its overall market capitalization, a way to measure the total value of all ETH in circulation, was about 330 billion dollars. Some observers think ETH could fall a bit more before it rises again toward 4,000 dollars. The idea is that after a correction, buying could pick up again and push the price higher.
Why some traders think ETH could bounce back
One reason traders are hopeful is a tool investors use to gauge price changes. This tool is called the Relative Strength Index, or RSI. It helps show if a price move was too fast up or down. In simple terms, a very low RSI can mean a stock or coin has fallen too much in a short time and might go up soon. A very high RSI can mean prices are too high and could fall. For ETH, the RSI was around 31 at the time, which is close to the level that often signals a possible rebound. In other words, the chart pattern suggests there could be a small bounce or a new up move after a period of selling. (Relative Strength Index)
What is the RSI and why does it matter
RSI stands for Relative Strength Index. It is a technical tool that traders use to analyze how fast prices have moved recently and how strong the move is. A low RSI (near 30) can mean that prices have fallen too quickly and might bounce back. A high RSI (near 70 or higher) can mean prices have risen too fast and could fall. This helps traders decide when to buy or sell. Wikipedia has a longer explanation if you want to read more: Relative strength index.
What all this means for investors and casual readers
The current market picture shows that some well known tokens have fallen sharply, while others are set up for potential recoveries. For PI and XRP, there are upcoming token unlocks and more coins moving onto exchanges. These are normal parts of how many crypto projects work, but they can make prices more volatile in the short term. For ETH, people are watching to see if the price will hold important support levels or begin a new rise toward higher targets. While some indicators point to a possible rebound, nothing is guaranteed. Prices can move for many reasons, including changes in market sentiment, technical factors, or broader financial news.
Important terms people often hear in crypto markets
The market uses many terms that can sound complicated at first. Here are a few explained in simple words.
XRPs and the XRPL
XRPL stands for the XRP Ledger. It is a technology platform used to run the XRP currency and other tokens. The native cryptocurrency on this platform is called XRP. If you want to know more, you can read about the XRP Ledger and XRP here: XRP Ledger and XRP.
Ethereum and ETH
Ethereum is a big and well known blockchain that lets developers build many kinds of applications. Its main cryptocurrency is called Ether, abbreviated ETH. For more, see Ethereum.
Relative Strength Index
RSI is a tool used by traders. It looks at recent price moves to figure out if a price change is too fast up or down. If RSI is near 30, the asset might be due for a bounce. If it is near 70, the price might be due to pull back. Read more here: Relative strength index.
Ripple Labs and XRP
Ripple Labs is a company that created the XRP Ledger and XRP. It is an American technology company that offers blockchain products. For more about Ripple Labs, see Ripple Labs, and for XRP itself, XRP.
Looking ahead
Crypto markets are often unpredictable in the short term. Prices can move quickly because of many small reasons, like new token unlocks, people buying or selling, or bigger news about finance and technology. If you are thinking about investing, you should learn as much as you can, read the latest price quotes, and consider talking to a financial advisor. It can help to remember that investing in cryptocurrency can be risky, and prices can go up and down a lot in a short time.
Bottom line
As of now, PI has hit a new low and faces more unlocks and positions on exchanges that can push prices down in the near term. XRP has followed market weakness and sees large outflows in some investment products. Ethereum remains in a cautious zone, with some traders hoping for a rebound as RSI suggests it could be ready to move higher. Whether these assets turn around soon remains to be seen, but the story remains a good example of how quickly crypto markets can change in response to new unlocks, trading activity, and investor sentiment.