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After losing almost 6% in a dramatic daily move, XRP fell below an important support levels and entered a critical zone. It is currently trading at about $2.20. The decline is putting the $2.00 threshold in sight and may serve as the next significant test for bulls after it was rejected at several resistance points. 

What's even worse is that XRP is currently trading below the 100-day Exponential Moving Average (EMA), which traders frequently monitor to confirm trends. If selling pressure increases on the larger cryptocurrency market, this breakdown may mark the start of a longer downward trend. With lower highs forming since the December peak, the technical chart indicates that XRP is still trapped inside a descending channel.  Chart by TradingView">

The recent failure to recover the resistance zone between $2.37 and $2.42 has strengthened the bearish argument. Additionally, volume is increasing on red candles, indicating that bears are becoming more active while buyers are pulling back. The psychological level of $2.00 is the next local support, followed by $1.93, where the 200-day EMA is presently trading.

The $1.75 zone, which served as a crucial support during the late 2024 consolidation phase, could see an acceleration of losses if this support cluster is broken. The Relative Strength Index (RSI), which shows increasing bearish momentum but also leaves room for volatility, has dropped to about 42. A short-term bounce is feasible if XRP can maintain the $2.00 level; however, in order to turn the trend back in favor of bulls, it would need to swiftly regain the 100 EMA. 

Shiba Inu's bullishness is gone

Once again, Shiba Inu has faltered at a crucial resistance level, raising questions about its short-term bullishness. The asset has experienced a significant retracement following a promising upward move that momentarily lifted the price above $0.00001400. It is currently trading at $0.00001327, down more than 5% for the day. The 50-day Exponential Moving Average (EMA), which has continuously served as a barrier during SHIB's recent decline, was exactly where the rejection occurred. 

The price's inability to sustain momentum resulted in what now seems to be a classic fakeout, disappointing traders who were expecting a breakout. SHIB temporarily regained higher territory on the chart after breaking above a descending trendline. But the move's weakness was soon revealed by the lack of volume and follow-through. SHIB reversed back into its previous range, invalidating the signal and raising the possibility that bulls may have jumped the gun rather than confirming a bullish breakout. 

The increasing selling volume, which indicates that market participants are unloading positions as confidence wanes, adds to the bearish tone. Indicating that momentum has turned back to the downside, the Relative Strength Index (RSI) has also dropped to 47. SHIB needs to protect the $0.00001300 support level in the near future.

The asset may be exposed to additional downside if it breaks below it, possibly dragging it back toward the $0.00001200-$0.00001230 region. The likelihood of additional downside is still high until SHIB can clearly break above the 50 EMA and maintain its gains. The beginning of what appeared to be a bull run has swiftly evolved into a warning about resistance denial, reminding traders that genuine trend reversals require conviction to support momentum. 

Dogecoin risking

Dogecoin is currently trading at around $0.1802, down more than 5% over the past day, and it is once again under bearish pressure as the meme coin is unable to hold onto important resistance and support levels. This recent action raises the possibility that Dogecoin is about to undergo a much more significant change — a possible decline that might add a zero and push DOGE below the $0.10 threshold. 

When an asset loses a significant decimal place as a result of rapid devaluation, the term adding a zero in the context of cryptocurrency frequently denotes psychological breakdown. Additionally, Dogecoin's current technical configuration is moving in that direction. The $0.20 level, which was adjacent to DOGE's 50-day EMA, was recently rejected. 

This rejection signaled a sea change and supported the wider downward trend that had been present since the beginning of February. Red candles and rising volume suggest that sellers are taking back control as the price is now dropping back into a descending range. Only $0.17, which was a bounce zone during February's consolidation, and $0.14, which was a crucial base during its Q4, 2024, rally remain important support levels for DOGE. 

The path to $0.10 and perhaps even lower is straightforward if $0.17 is lost in the upcoming days. With its current downward trend and no indications of a reversal, the RSI is at 45. For Dogecoin bulls, the lack of buying pressure and the waning momentum could mean more difficulties down the road.

Deep pockets, big appetite. A major player in the cryptocurrency world has moved a lot of Pepe coins. According to reports, this whale, known as qianbaidu.eth, took out 506 billion Pepe tokens from the Binance exchange on March 26, 2025.

Big Appetite

That’s a lot of coins, worth about $4.4 million. This isn’t the first time this particular whale has played with Pepe; they previously made a good chunk of money, around $7.34 million, trading this meme coin.

MUBARAK’s sharp 40% drop after its Binance listing has reignited debate around centralized exchange listing practices and the broader state of the meme coin ecosystem.

This came alongside growing scrutiny over speculative meme coin launches like JELLY, which recently triggered a short squeeze and dragged HYPE down, sparking fears of deeper structural risks.

MUBARAK Made The Community Discuss CEX Listing Processes

The steep drop in MUBARAK, now down 40% since its Binance debut, has reignited concerns about the quality of recent listings on centralized exchanges. Binance recently ended its first listing vote, with BROCCOLI and Tutorial surging.

Critics argue that these incidents undermine trust in both DeFi and CEX platforms, as meme coins continue to dominate headlines while more stable crypto sectors struggle for attention.

Still, some platforms like Pump.fun are pushing for innovation, introducing features like token burning and revenue sharing in an effort to steer meme coins toward a more sustainable future.

These concerns have only grown louder following the listing of speculative meme coins on Binance, including BNB Chain tokens like JELLY, which have added to the scrutiny.

Binance founder Changpeng Zhao (CZ) has addressed this criticism, stating that token listings should not dictate long-term price action.

While listings can offer liquidity and improve market access, CZ emphasized that any price impact should be short-term. In the long run, token value should reflect real fundamentals—such as team commitment, development activity, and network performance.

Still, even as the community pushes for more transparency, Binance Alpha has continued to list controversial tokens, including two Studio Ghibli-themed meme coins.

Hyperliquid Crisis Made Users Question Meme Coins

MUBARAK’s drop was not the only crisis in the meme coin ecosystem this week. HYPE experienced a sharp decline following the JELLY short squeeze, triggering widespread speculation about the role of Hyperliquid and meme coins in the crypto ecosystem.

Some users have even questioned if this could be the beginning of an FTX-style collapse as concerns grow over the unchecked volatility tied to meme coin derivatives.

The JELLY controversy has ignited debate around the fragility of emerging platforms and whether enough safeguards are in place to prevent systemic fallout from meme-driven market events. In response to the backlash, Hyperliquid announced it would strengthen its security measures to prevent similar incidents in the future.

Jean Rausis, co-founder of the decentralized finance ecosystem SMARDEX, told BeInCrypto that the DeFi ecosystem needs to think about the image it sends to the market:

Sectors Like RWA Could Help To Grow Crypto Credibility

Kevin Rusher, founder of decentralized lending protocol RAAC, described the situation as a major blow to DeFi’s credibility. “This is another setback for DeFi adoption, but it’s not a surprise,” he said, noting that meme coins have reignited retail greed and diverted liquidity away from more sustainable sectors of the ecosystem.

He warned that tokens like TRUMP and MELANIA had captured too much mindshare during the last market surge, leaving DeFi vulnerable to speculative chaos.

Still, Rusher pointed to the growing involvement of institutions like BlackRock as a sign of hope:

More Innovation Could Bring Renewed Interest In Meme Coins

In a recent conversation with Bankless, PumpFun co-founder Alon Cohen shared insights about the meme coins market, highlighting PumpFun’s 4Chan-inspired aesthetic, bonding curve pricing model, and new creator-focused initiatives.

Pump.fun has generated over 8.8 million tokens and once peaked with a record $14 million in daily revenue, totaling $600 million since launch.

Alon emphasized that while the meme coin market is cooling—down nearly 49% from its $125 billion peak in December 2024—Pump.fun remains committed to supporting creative and community-driven projects.

To boost long-term sustainability, the team is now introducing revenue-sharing mechanisms for token creators, a transparent fee structure, and token-burning features to reduce the extractive nature of meme coin launches.

With new mechanisms like this, more buyers could come in, and a new generation of meme coin traders could emerge as the ecosystem tries to become more sustainable.

Five Democratic lawmakers in the US Senate have called on leadership at regulatory agencies to consider the potential conflicts of interest from a stablecoin launched by World Liberty Financial (WLFI), the crypto firm backed by US President Donald Trump’s family.

In a March 28 letter from the US Senate Banking Committee, Massachusetts Senator Elizabeth Warren and four other Democrats asked the Federal Reserve’s committee chair on supervision and regulation, Michelle Bowman, and acting comptroller of the currency, Rodney Hood, how they intended to regulate WLFI and its stablecoin, USD1.

The launch of Alpha Season 5 in The Sandbox (SAND) with exclusive Jurassic World rewards is a significant event. This brings in excitement and could attract new users, especially fans of Jurassic World. The increase in users and activities can stimulate demand for SAND tokens, potentially increasing its price. However, if the season does not meet player expectations, there might be less interest and a chance of price stagnation. Observing user engagement and feedback will be essential to gauge the actual price impact. source

Alchemist AI (ALCH) is deploying important updates like Deepseek V3 and Sonnet 3.7, which could be crucial for user experience. Improved UI/UX may draw more users, increasing demand for the token. These updates can show progress and innovation, boosting investor confidence and possibly driving prices up. However, if the updates fail to meet user expectations or there's a bug, it may cause prices to drop. Attention to community feedback and update success will be vital to understand potential price changes. source