XRP News Today: Crypto Market Stable as BERA Surges 77%, ETHFI Jumps 56%

The crypto market maintained stability on Wednesday morning, with the fear and greed index surging to 75. Bitcoin held steady above $104,000, while Ethereum jumped above $2,600. This article provides some top crypto price predictions, including Berachain (BERA), XRP, Ether Finance (ETHFI), and Pi Network (PI).

Berachain's price has shown resilience despite facing significant challenges. The total value locked (TVL) on the Berachain network has decreased by 40% in the last 30 days to over $3.37 billion. The stablecoin market cap has also declined, dropping from a high of $1.34 billion in March to below $300 million. The eight-hour chart indicates that BERA's price bottomed at $2.68 earlier this month and then surged by 77% to a high of $4.75. It crossed a key resistance level at $3.87, the highest point on April 25, and then retested the support at $3.8, forming a break-and-retest pattern that suggests a continuation of the upward trend. BERA’s price has moved above the 50-period moving average and is currently at the 23.6% Fibonacci Retracement level. This suggests that the token will likely continue to consolidate before bouncing back to the 50% retracement point at $5.95. A drop below the support at $3.7 would invalidate the bullish outlook.

Ether.fi is a prominent player in the decentralized finance industry, operating as a liquid staking and restaking network with over $7.24 billion in assets, making it the fourth-largest DeFi company after AAVE, Lido, and EigenLayer. The ETHFI token has surged as its TVL jumped by over 56% in the last 30 days. The daily chart shows that the ETHFI token rallied from $0.40 on April 7 to $1.517 this week, driven by the increase in TVL and the announcement of strong revenues and a token buyback measure. The ETHFI price has moved above the key resistance level at $1.255, the highest swing in February and the upper side of the cup-and-handle pattern, which suggests a bullish breakout to $2.1.

The XRP price has risen in the last two consecutive weeks, reaching a high of $2.65, its highest point since March 10. It has jumped by almost 60% from its lowest point in April this year. XRP's technical indicators are bullish, with the price moving into the fifth phase of the Elliot Wave, which is typically highly bullish. It has remained above the 50-week moving average and formed a bullish pennant pattern, which often leads to a strong bullish breakout. This pattern suggests a potential move to the year-to-date high of $3.4, and a move above that level could point to more gains, possibly to $5.

The Pi Network price has rebounded in the past few days, moving from a low of $0.5572 last week to a high of $1.6638 on Monday. This rebound followed the Core Team's tease of a major news event on May 14. Analysts anticipate that the team will announce a change in tokenomics, an ecosystem fund, or an exchange listing, which could drive the token's price higher. The eight-hour chart shows that the Pi Network has moved into the third phase of the Elliott Wave pattern and above the 50-period Exponential Moving Average (EMA). This suggests that the token will likely continue rising as bulls target this week’s high of $1.6638, followed by the psychological point at $2. However, there is a risk of a 'buy the rumor and sell the news' scenario, where investors buy the asset ahead of a major news event and then sell it when the news is announced.