Monat: Mai 2026

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Ripple (XRP) tests $1.43 support amid mixed market sentiment

Key takeaways

  • Ripple (XRP) tests support at $1.43 amid selling pressure from the $1.50 supply zone. 
  • Institutional ETF inflows rebound to $1.37B, while futures open interest rises to $3.09B, signaling cautious optimism. 

Ripple (XRP) is grinding lower on Friday, testing key support at $1.43 after being capped by strong selling from the $1.50 supply range since Monday. 

Despite the US Senate Banking Committee advancing the Digital Asset Market Clarity Act of 2025 (Clarity Act) on Thursday, overall market sentiment remains constrained amid a cautious recovery outlook.

XRP addresses in profit tick up

The proportion of XRP addresses with unrealized profit rose to approximately 65% on Thursday, up from 63% the previous day, coinciding with the token’s test of $1.50 resistance. 

This reflects a modest increase in risk-on sentiment, though traders should remain wary of potential profit-taking in a fragile technical environment.

Institutional flows into XRP spot ETFs rebounded sharply, with nearly $19 million in fresh inflows on Thursday. Cumulative ETF inflows now total $1.37 billion, while average net assets under management rose to $1.25 billion from $1.14 billion.

Retail participation in XRP derivatives also continues to grow. Futures Open Interest (OI) averaged $2.97 billion on Friday, up from $2.90 billion, signaling rising conviction among traders in XRP’s potential to extend an upward trajectory.

Technical outlook: consolidation within the corrective phase

The XRP/USD 4-hour chart is bearish and efficient as XRP has lost lost 2.5% of its value in the last 24 hours. XRP trades at $1.43, holding a neutral to mildly constructive bias.

It is trading above the 50-day Exponential Moving Average (EMA) at $1.42 while remaining capped beneath the 100-day EMA at $1.49 and the 200-day EMA at $1.70. This configuration suggests an ongoing consolidation within a broader corrective phase.

If the bears stay in control, immediate support will emerge at the 50-day EMA around $1.42, with a rising trendline near $1.39 providing a stronger floor. A daily close below $1.39 could expose deeper losses.

However, if the bulls push harder, they would encounter initial resistance at the 100-day EMA at $1.49. A sustained break above this level would open the path toward the 200-day EMA near $1.70, where broader bearish pressure would be challenged.

XRP/USD 4H Chart

The momentum indicator suggests that the bears are slowly regaining control. The Relative Strength Index (RSI) is at 51, and the MACD histogram is slightly positive, indicating limited directional conviction rather than a strong impulsive move.

XRP’s price action suggests ongoing consolidation within a corrective phase, with both buyers and sellers vying for control around critical EMA levels.

The post Ripple (XRP) tests $1.43 support amid mixed market sentiment appeared first on CoinJournal.

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PI faces corrective pressure as token struggles below $0.17

Key takeaways

  • Pi Network extends losses on Friday as a 50-period EMA caps short-term recovery attempts.
  • The token could drop below the $0.1600 if the bearish trend persists. 

Pi Network (PI) extended losses on Friday, risking a bearish breakout from its short-term consolidation on the 4-hour chart. 

The token remains capped by the 50-period Exponential Moving Average (EMA) at $0.1733, limiting recovery despite the recent launch of vibe coding features within the Pi ecosystem.

Vibe coding features aim to boost ecosystem development

The Pi Network has introduced vibe coding tools for developers, enabling the conversion of AI-assisted apps—from platforms like Codex, Claude Code, Replit, Cursor, and Lovable—into Pi Apps. 

This integration could reduce app development time and strengthen the ecosystem, which boasts over 60 million engaged users.

Technical outlook: correction pressure persists

The PI/USD 4-hour chart remains bearish and efficient as PI is down by more than 2% in the last 24 hours. 

PI is currently under a corrective bias, capped by the 50-period EMA at $0.1733 on the 4-hour chart and the 200-period EMA at $0.1771. 

The pair also sits below a nearby downtrend resistance line around $0.1741, reinforcing the upside barrier.

If the bulls regain control, initial resistance would be seen at the 50-period EMA at $0.1733 and the 200-period EMA at $0.1771 cap short-term upside. A nearby downtrend resistance line around $0.1741 adds to the barrier.

The momentum indicators also suggest that the bears are still in control.  The Relative Strength Index (RSI) sits at 45, below the midline, signaling persistent selling pressure. 

The MACD remains near-flat, suggesting weak, consolidative momentum rather than a decisive rebound.

PI/USD 4H Chart

However, if the bearish trend persists, immediate support would emerge at the S1 Pivot Point at $0.1645.

Pi Network’s short-term outlook remains cautious, and traders should monitor both EMA and trendline levels for signs of a breakout or deeper correction.

The post PI faces corrective pressure as token struggles below $0.17 appeared first on CoinJournal.

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Sui (SUI) extends losses amid weak retail demand

Key takeaways

  • Sui is down 10% on Friday, extending its decline for the fifth consecutive day.
  • The technical outlook for SUI is bearish, with a risk of a steeper decline toward $1.00.

Sui (SUI) is down roughly 10% on Friday, continuing a five-day decline this week as retail interest in the token wanes. 

The broader market is shifting focus away from underperforming layer-1 assets, and technical indicators suggest a potential double-digit drop toward $1.00.

Weakness in derivatives signals sell-side dominance

SUI is also losing traction in the derivatives market. According to CoinGlass, SUI futures Open Interest (OI) fell 10.5% over the past 24 hours to $727.97 million, reflecting a reduced notional value of outstanding contracts. 

In the same period, $7.2 million in positions were liquidated, with $7. million coming from long positions—indicating strong sell-side pressure.

Technical outlook: Will SUI drop below $1?

The SUI/USD 4H chart is bearish and efficient as Sui is down by 10% in the last 24 hours. At press time, SUI is trading below the 50-period Exponential Moving Average (EMA) at $1.1558 and the lower Bollinger Band at $1.1442, showing short-term bearish bias. 

The token remains above the 200-period EMA at $1.0270, suggesting that the broader recovery structure is still intact despite waning momentum.

Momentum indicators indicate that the bears are still in play. The Relative Strength Index (RSI) has slipped to 46, below the midline, while the MACD histogram remains in negative territory, implying that rebounds may face persistent selling pressure.

If the bearish trend persists, the bulls would encounter the first support at the 200-day EMA at $1.0270 and the 78.6% Fibonacci retracement at $0.9972.

A daily close below this level could see SUI approach the prior cycle low near $0.8815.

SUI/USD 4H Chart

However, if the bulls regain control, SUI could rally towards the first resistance level at $1.2171. An extended rally could see SUI hit the upper Bollinger Band near $1.2900, and the 23.6% Fibonacci retracement at $1.2947.

SUI’s technical structure shows deteriorating momentum, and traders should monitor both spot and derivatives markets for signs of further downside or potential relief rallies.

The post Sui (SUI) extends losses amid weak retail demand appeared first on CoinJournal.

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Zcash price dips after surge, but bullish momentum remains intact

  • Zcash price fell to intraday lows of $532 after surging above $570.
  • Over $5.1 million in Zcash futures positions were liquidated in the last 24 hours.
  • Bullish case remains if buyers hold $500, but a breakdown could push ZEC toward $370.

Zcash (ZEC) fell back below the $550 level on Friday morning, trading near $530 as profit-taking emerged across the broader cryptocurrency market.

The pullback has coincided with elevated activity in derivatives markets, which analysts say suggests traders are still adjusting leverage and positioning following the token’s recent rally.

Zcash price drops below $550

Market data shows Zcash (ZEC) has declined over the past 24 hours, falling to intraday lows near $532.

The pullback follows a strong rally that pushed the token above $570 on Thursday, May 14.

The earlier gains came after The Wall Street Journal published an article comparing Bitcoin and Zcash, a development that Grayscale said “feels like one of those moments” that often precedes a surge in broader investor interest.

While daily volume profiles show a modest decline, spot trading volume for Zcash (ZEC) remained near $256 million, while futures volume exceeded $2.7 billion.

The figures suggest speculative activity remains elevated. Data from CoinGlass shows that more than $5.1 million in Zcash futures positions were liquidated over the past 24 hours.

Despite the liquidations, open interest stands at about $978 million, although this is significantly lower than the $1.52 billion recorded on May 9.

Analysts say the decline points to traders continuing to reassess leverage and overall risk exposure.

​Zcash price forecast

​Price action over recent weeks saw ZEC climb to a high of $642, extending Zcash’s dramatic recovery from lows of $317 reached on April 29.

That relief rally followed deeper losses earlier in the year, when the privacy-focused token tested support near $185 as the crypto market sell-off intensified on Feb 5.

Thursday’s intraday dynamics illustrated the token’s sensitivity to momentum: a nearly 10% surge above $570 was later pared by a 4% decline from those intraday highs, culminating in the pullback under $550.

Zcash ZEC Price Chart
Zcash price chart by TradingView

Despite the short-term pullback, the technical and fundamental picture remains bullish.

The recovery from April’s low and the subsequent climb toward the $640 area suggest investor interest in privacy coins.

Zcash’s recent progress on Quantum Recoverability is contributing to renewed attention.

If bulls defend the $500 level and broader market momentum persists, ZEC has a plausible path to revisit previous resistance above $700. Buyers may look to accumulate on dips.

​However, failure to hold $500 could expose ZEC to a deeper correction.

A break below that pivot would likely open targets near $450, with a further decline toward $370 possible.

The sizable reduction in open interest from early May reduces the immediacy of a leveraged squeeze higher. But this leaves room for renewed volatility should traders re-enter with elevated positions.

The post Zcash price dips after surge, but bullish momentum remains intact appeared first on CoinJournal.

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XDC Network price outlook: Can bulls go higher as $0.037 breaks?

  • XDC climbed over 10% to surpass $0.037 on May 15, reaching its highest level since early March.
  • Catalysts include potential DTCC integration and Bitcoin rally.
  • The technical picture highlights resistance at $0.040.

XDC Network price climbed double digits to above $0.037 on May 15, with the uptick pushing the token’s value to its highest level since early March.

XDC now hovers near the key resistance line formed since late January 2026, but can it go higher?

XDC edges higher as market sentiment improves

As noted, XDC rallied sharply on May 15, rising more than 10% intraday as buyers re-entered the market.

The move lifted the token to levels not seen since early March, placing it directly beneath a horizontal supply zone near $0.040.

Trading volumes rose alongside the advance, signalling conviction among participants who are testing whether the late-January resistance can be turned into support.

But why did the XDC Network price surge in the past 24 hours?

The XDC rally coincides with broader strength in the crypto market, led by Bitcoin’s reclaiming of the $80,000 mark.

That recovery prompted many altcoins to retrace losses they incurred during a macro-driven sell-off this week, creating a risk-on backdrop that supported XDC.

Beyond market-wide tailwinds, several project-specific catalysts likely have recently helped to amplify demand.

This includes the potential adoption as a key digital asset of the Depository Trust & Clearing Corporation.

DTCC, debuting trading in July ahead of full-scale launch in October 2026, has ignited interest in XDC alongside XRP, Chainlink, Quant, and Hedera (HBAR).

While XRP gains momentum as the top token for institutional post-trade settlement, XDC looks to stand out as the primary rail for tokenized bills of lading and letters of credit. XDC’s Contour acquisition, completed in 2025, cements this outlook.

XDC Network price forecast

The latest gains have pushed XDC price further from a descending wedge pattern that had compressed price action since late January.

Bulls are now confronting a horizontal supply zone around $0.040, which also aligns with the 200-day exponential moving average (EMA).

XDC Network Price Chart
XDC Network price chart by TradingView

A decisive break and daily close above this level would likely confirm bullish momentum and could open up fresh bids around the $0.046-$0.052 supply zone.

The area marks the range that corresponds to prior congestion and could be the next resistance cluster.

However, bulls must first hold the recently breached $0.037 level. Failure to do so would raise the probability of a pullback to the 100-day EMA near $0.033.

On heavier selling, February’s lows near $0.029 become a plausible target for short-term sellers seeking to reassert control.

The post XDC Network price outlook: Can bulls go higher as $0.037 breaks? appeared first on CoinJournal.