Cardano, Ripple, and Pi Network Hit Critical Price Levels on August 6

Cryptocurrency markets are under pressure this week, with major assets like Bitcoin and Ethereum experiencing volatility. Against this backdrop, Cardano and Ripple are showing mixed signals, while Pi Network continues to trade in a speculative phase. As of August 6, Cardano is trading around $0.30, with immediate support at $0.28 and resistance at $0.32.

A break above $0.32 could open the path toward $0.35, while a drop below $0.28 may trigger further downside for Cardano. Ripple's price is trading around $0.52, with support at $0.50 and resistance at $0.55. The ongoing legal case with the SEC remains a key overhang, and any regulatory headlines could cause sharp moves.

Pi Network, which is still in its enclosed mainnet phase, has no active market price on major exchanges. Its value is determined by peer-to-peer trading in some regions, but it remains highly speculative and illiquid. Investors should exercise caution, as Pi Network's long-term viability is unproven.

Technical indicators for ADA and XRP suggest a neutral-to-bearish stance in the short term. The Relative Strength Index (RSI) for both assets is hovering near 45, indicating neither overbought nor oversold conditions. Moving averages are flat, suggesting a lack of clear trend.