Pi Network, XRP, and Ethereum all sold off over the past week as Trump’s Greenland ambitions unnerved risk markets, with on-chain and technical signals suggestingPi Network, XRP, and Ethereum all sold off over the past week as Trump’s Greenland ambitions unnerved risk markets, with on-chain and technical signals suggesting

Pi Network, XRP, and Ethereum sink on Trump risk – is more downside coming?

2026/01/23 21:48
4 min read

Pi Network, XRP, and Ethereum all sold off over the past week as Trump’s Greenland ambitions unnerved risk markets, with on-chain and technical signals suggesting more volatility before any sustainable rebound.

Summary
  • Pi Network launched Pi App Studio payment tools and ad-based deployment plus a 5‑PI promo, but the token’s brief bounce reversed as persistent structural doubts weighed on price.
  • XRP’s on-chain supply on Binance keeps shrinking as traders move to self-custody, while chartists debate whether a cup‑and‑handle setup can overcome the current bearish trend.
  • Ethereum lost prior uptrend support after a strong start to the year, with traders warning of another leg lower toward nearby demand zones before any new rally attempt.

Pi Network (PI) is trading around $0.18 after a shallow bounce from this week’s lows, leaving it over 90% below its 2025 peak and still under all major moving averages, with low volume and a rising wedge/pennant structure arguing for another leg down toward the $0.15 area unless demand improves. A realistic near-term range is roughly $0.15–$0.24, with upside capped unless the new App Studio payments and ad-based deployment features translate into visible usage and on-chain activity, while repeated failures near the $0.19–$0.22 band would keep the door open to fresh lows.

Pi Network, Ripple, and Ethereum posted substantial price declines over the past week, driven by global geopolitical tensions surrounding Trump’s intentions to annex Greenland, according to cryptocurrency market reports.

Pi Network’s Core Team introduced Pi payment integration directly within the Pi App Studio earlier this week, according to an announcement from the project. The development allows non-technical users to build on the ecosystem without technical expertise or coding, though access remains limited to the test version only, the team stated.

The team also launched an option enabling Pioneers to deploy app iterations without paying Pi by watching advertisements. The project urged users to share feedback and mention their favorite applications via a short survey, with the first 1,000 qualified participants set to receive 5 Pi token credits usable within the Pi App Studio, according to the announcement.

The announcement triggered a brief price uptick for Pi Network, which was followed by a renewed downtrend. The consistent price decline and the project’s perceived flaws have caused some community members to lose trust in Pi Network and express pessimism about the future, according to community discussions. A user recently advised the team to incorporate features such as peer-to-peer lending, staking rewards, and decentralized exchanges into the application to accelerate real-world adoption.

Ripple’s cross-border token has also declined recently, strengthening the current bearish trend. An analyst outlined key resistance and support levels to watch, suggesting the probability of further downside has increased, according to market commentary.

The amount of XRP tokens stored on Binance continues to decline, with reports indicating the supply has fallen as more investors abandon the platform and shift to self-custody. This trend is interpreted as a bullish factor since it reduces immediate selling pressure, according to market analysts.

Some members of the crypto community remain optimistic about XRP’s prospects. DrBullZeus, a market analyst, stated that XRP will be “the biggest altcoin play in the market at some stage.” The analyst noted the formation of a classic “cup and handle pattern,” which points to a potential price explosion, according to the commentary.

Ethereum, the second-largest cryptocurrency by market capitalization, had a strong start to the year, with its valuation rising by mid-January. Since then, the cryptocurrency has entered a major correction, according to market data.

A social media user stated that Ethereum “played off the OTE selling area,” claiming that an additional decline could be forthcoming. Another commentator expressed pessimism after arguing that the uptrend support has been lost and expects a sweep of nearby support levels before the next rally, according to social media posts.

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