XRP price extended losses and traded below $1.40. The price is now 
consolidating losses but faces hurdles near $1.3750 and $1.40. XRP price 
started another decline and traded below the $1.40 zone. The price is now 
trading below $1.3880 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1.3750 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.40. XRP Price Extends Losses XRP price failed to 
stay above $1.4120 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.40 and $1.3880 to enter a short-term bearish zone. The 
price even extended losses below $1.3750. A low was formed at $1.3358, and the 
price is now consolidating losses below the 38.2% Fib retracement level of the 
downward move from the $1.4372 swing high to the $1.3358 low. The price is now 
trading below $1.40 and the 100-hourly Simple Moving Average. If there is a 
fresh recovery move, the price might face resistance near the $1.3750 level. 
There is also a bearish trend line forming with resistance at $1.3750 on the 
hourly chart of the XRP/USD pair. The first major resistance is near the 
$1.3850 level or the 50% Fib retracement level of the downward move from the 
$1.4372 swing high to the $1.3358 low. The main resistance could be $1.40. A 
close above $1.40 could send the price to $1.4120. The next hurdle sits at 
$1.4380. A clear move above the $1.4380 resistance might send the price toward 
the $1.450 resistance. Any more gains might send the price toward the $1.4650 
resistance. The next major hurdle for the bulls might be near $1.50. Another 
Decline? If XRP fails to clear the $1.40 resistance zone, it could start a 
fresh decline. Initial support on the downside is near the $1.350 level. The 
next major support is near the $1.3350 level. If there is a downside break and 
a close below the $1.3350 level, the price might continue to decline toward 
$1.3220. The next major support sits near the $1.3150 zone, below which the 
price could continue lower toward $1.30. Technical Indicators Hourly MACD – 
The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. 
Major Support Levels – $1.3500 and $1.3350. Major Resistance Levels – $1.3850 
and $1.4000.

XRP Price Turns Soft, Red Signals Renewed Bearish Pressure

Bittensor has enjoyed a sharp surge of more than 35% over the past week, but 
data indicate the social media crowd is still not overly bullish toward the 
altcoin. Bittensor Has Broken Out With A Sharp Rally This Month While the 
wider digital assets sector has been stuck in a phase of consolidation 
recently, Bittensor has been among the few tokens that have stood out. Since 
March 8th, the altcoin has jumped by 94%, nearly doubling in value. Related 
Reading: Bitcoin Whales Go Silent: Large Transactions Plummet The chart below 
shows how TAO&#8217;s recent trajectory has looked: As is visible in the graph, 
Bittensor saw a peak above $370 on Wednesday, but the asset has since retraced 
back to the $340 level. Nonetheless, it remains over 35% in the green for the 
week even after this pullback. TAO&#8217;s breakaway from the rest is likely to be a 
result of its AI-focused narrative. In a nutshell, the blockchain operates as 
a decentralized marketplace where machine-learning models compete to produce 
useful outputs, with rewards in the token being handed out based on their 
performance. Bittensor&#8217;s rapid surge in recent weeks has meant that its 
standing in the sector has considerably improved, with its market cap today 
ranking as the 27th largest, according to data from CoinMarketCap. From the 
above table, it&#8217;s apparent that with a market cap of about $3.65 billion, TAO 
is now ahead of the likes of Shiba Inu (SHIB) and Toncoin (TON). The gap to 
Sui (SUI) in 26th place is also quite narrow, so if the bullish winds 
continue, it&#8217;s possible that the coin may flip it in the near future as well. 
While Bittensor&#8217;s rally has been impressive on paper, the retail crowd doesn&#8217;t 
seem to be buying into the hype, if social media data is anything to go by. 
TAO Is Seeing The Third Worst Social Media Sentiment In Six Months As pointed 
out by analytics firm Santiment in an X post, social media discussions related 
to Bittensor have shot up recently, implying that the rally has caught the 
eyes of the masses. Despite Social Volume on major platforms like Reddit, X, 
and Telegram being at its second-highest level in six months, sentiment has 
interestingly been quite balanced. As displayed in the chart, Bittensor&#8217;s 
Positive/Negative Sentiment metric is sitting at a value of 1.5, meaning that 
there are three bullish comments for every two bearish ones on social media 
platforms. While positive sentiment still dominates, the negative bias is 
actually the third strongest for the past six months. Related Reading: 
Dogecoin Supply Barrier: This Level Holds Cost Basis Of 28 Billion DOGE Thus, 
it would appear that FOMO hasn&#8217;t yet developed among the retail investors. 
&#8220;This is generally a good sign that the rally can continue, with little 
interference from greedy traders that typically signal forming tops,&#8221; noted 
Santiment. Featured image from Dall-E, chart from TradingView.com

Bittensor (TAO) Rallies 35%, But Social Sentiment Stays Mixed

Decentralized finance ( DeFi) protection protocol built, Firelight, has 
surpassed 50 million XRP staked following several whale-scale deposits. Rapid 
Adoption and Capacity Expansion Firelight, the onchain protection layer for 
DeFi, has surpassed 50 million XRP staked on its protocol. The achievement 
follows several large-scale deposits exceeding 1 million XRP each and a newly 
expanded deposit […]

Firelight Hits 50 Million XRP Milestone as DeFi Protection Demand Surges

Ethereum price failed to clear the $2,200 zone and declined. ETH is now 
consolidating above $2,020 and might struggle to start a recovery wave. 
Ethereum started a fresh decline from the $2,200 zone. The price is trading 
below $2,120 and the 100-hourly Simple Moving Average. There is a key bearish 
trend line forming with resistance at $2,135 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could start a fresh decline if it stays below 
the $2,120 resistance. Ethereum Price Dips Further Ethereum price failed to 
stay above $2,150 and started a fresh decline, like Bitcoin. ETH price dipped 
below $2,120 and $2,080 to enter a bearish zone. The bears even pushed the 
price toward $2,020. A low was formed at $2,032, and the price is now 
consolidating losses near the 23.6% Fib retracement level of the downward move 
from the $2,199 swing high to the $2,032 low. There is also a key bearish 
trend line forming with resistance at $2,135 on the hourly chart of ETH/USD. 
Ethereum price is now trading below $2,120 and the 100-hourly Simple Moving 
Average. If the bulls remain in action above $2,020, the price could attempt 
another increase. Immediate resistance is seen near the $2,100 level. The 
first key resistance is near the $2,120 level or the 50% Fib retracement level 
of the downward move from the $2,199 swing high to the $2,032 low. The next 
major resistance is near the $2,135 level and the trend line. A clear move 
above the $2,135 resistance might send the price toward the $2,200 resistance. 
An upside break above the $2,200 region might call for more gains in the 
coming days. In the stated case, Ether could rise toward the $2,245 resistance 
zone or even $2,320 in the near term. More Losses In ETH? If Ethereum fails to 
clear the $2,135 resistance, it could start a fresh decline. Initial support 
on the downside is near the $2,050 level. The first major support sits near 
the $2,020 zone. A clear move below the $2,020 support might push the price 
toward the $1,980 support. Any more losses might send the price toward the 
$1,950 region. The main support could be $1,880. Technical Indicators Hourly 
MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI 
&#8211; The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,020 
Major Resistance Level – $2,135

Ethereum Price Drops Near $2,020, Downside Pressure Continues to Build

Bitcoin price failed to stay above $70,500 and declined further. BTC is now 
consolidating below $70,500 and might continue to move down. Bitcoin started a 
fresh decline from well above the $71,200 zone. The price is trading below 
$70,500 and the 100 hourly simple moving average. There is a bearish trend 
line forming with resistance at $70,050 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might start another decline if it stays 
below the $70,000 and $70,500 levels. Bitcoin Price Dips Further Bitcoin price 
failed to continue higher above $72,000 and reacted to the downside. BTC 
trimmed gains and declined below the $71,200 support. The bears pushed the 
price below $70,500 and $70,000. The price tested the $68,000 zone. A low was 
formed at $68,115, and the price is now consolidating losses near the 23.6% 
Fib retracement level of the downward move from the $71,985 swing high to the 
$68,115 low. Bitcoin is now trading below $70,200 and the 100 hourly simple 
moving average. There is also a bearish trend line forming with resistance at 
$70,050 on the hourly chart of the BTC/USD pair. If the price remains stable 
above $68,200, it could attempt a fresh increase. Immediate resistance is near 
the $69,200 level. The first key resistance is near the $70,000 level and the 
trend line. A close above the $70,000 resistance might send the price further 
higher. In the stated case, the price could rise and test the $70,500 
resistance or the 61.8% Fib retracement level of the downward move from the 
$71,985 swing high to the $68,115 low. Any more gains might send the price 
toward the $71,200 level. The next barrier for the bulls could be $72,000. 
More Losses In BTC? If Bitcoin fails to rise above the $70,000 resistance 
zone, it could start another decline. Immediate support is near the $68,400 
level. The first major support is near the $68,000 level. The next support is 
now near the $67,200 zone. Any more losses might send the price toward the 
$66,800 support in the near term. The main support now sits at $65,500, below 
which BTC might struggle to recover in the near term. Technical indicators: 
Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. 
Major Support Levels – $68,400, followed by $68,000. Major Resistance Levels – 
$70,000 and $70,500.

Cryptocurrency price in HUF