The cryptocurrency market is experiencing volatility as major tokens like XRP and PEPE face challenges in holding their positions, while the new project Unstaked is gaining momentum.
XRP Pulls Back After Resistance
XRP climbed to $2.35 but faced strong resistance between $2.30 and $2.35, aligning with the upper bull market band. Sellers quickly stepped in, pushing the price back into a consolidation range between $2.11 and $2.20, erasing short-term momentum.
Technical analysis shows a bearish trend. The 4-hour chart indicates XRP slipping into a descending pattern, with declining EMAs and flat momentum indicators. RSI sits near 47, and the Supertrend indicator has turned negative. Unless bulls reclaim $2.20 with conviction, the risk of a drop towards $2.02 or even $1.83 remains.
PEPE Faces Pressure from Whale Sell-Offs
PEPE's outlook dimmed after two major wallets offloaded 600 billion tokens each, totaling over $12 million in sales. This followed a failed breakout above $0.000012 and a reversal into a descending channel, dashing hopes of a sustained rally after a Cup-and-Handle setup.
On-chain data points to weakening confidence. Net Network Growth has dropped to 0.70 percent, and profitable wallets fell by more than 7 percent. Large transaction volume is down while the NVT ratio spiked to 137. Unless PEPE reclaims $0.00001280 with strong volume, investor sentiment is likely to remain cautious.
Unstaked Gains Attention from Investors
Unstaked is quickly becoming a standout in the crypto presale space, thanks to a combination of accessible pricing, functional utility, and early-stage momentum. Currently in Stage 22 of its presale at $0.012091, the project has raised over $10.6 million. With a confirmed launch price of $0.1819, early backers are looking at a potential 28x return.
What sets Unstaked apart is its user-first infrastructure, allowing participants to build and manage autonomous AI agents that will be available immediately after Unstaked’s public launch. These agents will handle tasks like marketing, analytics, and governance with full transparency, giving users control without the need for intermediaries. Each action is verifiable and fully owned by the user deploying it.
As XRP struggles to regain strength near $2.30 and PEPE faces growing uncertainty after major whale exits, the focus in the crypto market is starting to shift. Unstaked, with its emphasis on utility and new opportunities, stands out as a strong player and may become a defining project heading into 2025.
