Crypto Markets See Mixed Recovery as Cardano and Ripple Struggle

Crypto markets are showing mixed signs of recovery, with Cardano (ADA) and Ripple (XRP) struggling to regain momentum. ADA is trading below $0.1900 after failing to break above the $0.2000 psychological barrier.

Despite this setback, ADA still holds a mild bullish bias due to its position above the 50-day EMA at $0.1766 and the RSI's reversal from overbought territory. The MACD remains in positive territory, suggesting buyers retain control.

Ripple (XRP) and Stellar (XLM) are also facing bearish trends, with XRP trading below its 200-day EMA at $1.38. The RSI hovers around 39, indicating lingering downside pressure, while the MACD remains marginally negative, hinting that rallies may be sold.

On a more positive note, Pi Network (PI) is showing signs of recovery, testing the bullish breakout of its descending trendline near $0.0900. The RSI has recovered toward 55, and the MACD rises with its signal line, indicating that recent buying pressure is attempting to challenge the prevailing downtrend.