Pi Network (PI) Recent Updates, Ripple (XRP) Price Targets, and More: Bits Recap Jan 9

The team behind Pi Network remains quite active on X, recently issuing an important reminder to its community. Some analysts believe Ripple’s XRP might be gearing up for a price explosion, while certain indicators suggest Ethereum (ETH) could experience substantial short-term volatility.

Clarification for the PI Users

The controversial yet highly popular crypto project Pi Network has been around for almost seven years, and its name has been featured in multiple X accounts. However, the majority are unofficial and could provide misleading information for the users (known as Pioneers).

The project’s team recently warned that the only official X account is the one named Pi Network (PiCoreTeam). Its user base is 4.2 million, surpassing the official profiles of prominent altcoins like Ethereum and Ripple.

Prior to that, Pi Network’s team released its 2025 recap, highlighting advancements in its ecosystem, with the most significant milestone being the long-awaited mainnet and token launch in February.

Numerous X users, though, criticized the project for failing to solve some of the biggest issues related to the migration process and the verification procedures. Meanwhile, PI’s price has been on a massive decline over the past several months, and some analysts believe it’s “hard to stay bullish” at this moment.

What’s Next for XRP?

Ripple’s native token had an impressive start to the year, briefly surging above $2.40 on January 6. However, in the past few days, the bears regained control, and it now trades at around $2.10 (per CoinGecko’s data).

The analyst, using the X moniker CW, recently noted that the XRP reserves on the South Korean exchange Upbit had dried up at the start of 2026. Such a development was observed in 2024, shortly before the asset began a major bull run, raising the question of whether history will repeat itself.

XRP is usually among the most talked-about topics in the sector, and its popularity was boosted further this week after CNBC crowned it “the hottest crypto trade of the year.” The host of the Power Lunch show claimed there is “big money” behind this token, noting the significant interest in the spot XRP ETFs.

ETH Turbulence Incoming?

The second-largest cryptocurrency also started 2026 on the right foot and currently trades well above $3,000. While price volatility over the past day hasn’t been substantial, one key indicator suggests that the quiet may not last much longer.

Just hours ago, X user Bryant revealed that the Bollinger Bands “are squeezing tightly.” The metric, introduced by John Bollinger in the 1980s, is widely used by traders. It consists of a moving average with upper and lower bands, and their squeezing could precede a strong price move in either direction.

For his part, Merlijn The Trader thinks the disappointing end of 2025 for ETH might be good news for the bulls. He reminded that the asset often performs well in the first and second quarters after finishing the year in the red.

The post Pi Network (PI) Recent Updates, Ripple (XRP) Price Targets, and More: Bits Recap Jan 9 appeared first on CryptoPotato.