Pi Network (PI) Price Crash, Ripple’s (XRP) Next Move, and more: Bits Recap Jan 30

Here is everything surrounding PI, XRP, and ETH that is very interesting.

The cryptocurrency market experienced another painful correction, when the Pi Network (PI) fell to a new low.

Although Ripple’s XRP and Ethereum (ETH) were also badly affected, some analysts believe that a recovery is imminent.

PI Keeps Falling

Pi Network’s native token recently dropped below $0.16, marking its all-time low. As of this writing, it is trading around $0.165, which is a small rebound but also a fall of almost 95% from the high of $3 in February 2025.

Despite the broader market decline, the decline in PI coincides with a spike in the token’s upcoming launch. Data shows that more than 180 million coins will be issued in the next 30 days, with an average daily opening of about 6 million. Record dates will be February 12 and February 13, when more than 35 million PIs will be released.

In addition, the number of tokens held in the crypto exchange has increased by almost 1.5 million in the last 24 hours alone. This is often interpreted as a pre-sale move and can lead to further price drops.

XRP Next Index

Ripple’s cross-border token was also affected by the bearish conditions of the broader market, crashing to multi-month lows. Another factor that may have contributed to the decline is the large daily outflows from XRP ETFs, reflecting waning interest from institutional investors.

Despite the fall, many market observers remain bullish. X user STEP IS CRYPTO argued that XRP is currently in “one of its largest consolidation phases in history,” predicting that the outflow will be “massive.”

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ChartNerd chimed in, too, speculating a rally for the bulls to secure support for a rally around $1.80. Failure to do so could lead to a reversal before the recovery begins, the analyst suggested. As of this writing, XRP is trading below the indicated area.

Déjà Vu for ETH?

The second largest cryptocurrency fell below $2,800, and its market capitalization fell to around $330 billion. Based on the historical performance of ETH, X user Heisenberg thinks that the price may fall further before moving up to around $4,000.

The asset’s Relative Strength Index (RSI) supports the bullish theory. The technical analysis tool measures the speed and magnitude of recent price changes and helps traders understand whether ETH is overbought or oversold. Values ​​near or below 30 suggest that the price has fallen significantly in the short term and may be due to a re-bonding, while anything above 70 is considered bearish territory. Currently, the RSI stands at around 31.