Lead

Pi Network’s token, PI, traded at $0.159 on Sunday as the project gears up for the launch of Protocol 23.0 on May 18. At the same time, XRP is drawing attention from community educators who point to rising activity on the XRP ledger and improved real‑world asset (RWA) rankings as a possible catalyst for a significant rally.

Background

Pi Network, a cryptocurrency that has attracted a large user base through its mobile mining app, has been preparing for a series of protocol upgrades. The upcoming Protocol 23.0 launch is expected to introduce new features and improvements that could affect the token’s utility and demand. Meanwhile, XRP, the digital asset issued by Ripple, has been experiencing renewed interest as the XRP Ledger (XRPL) expands its RWA offerings, which include tokenized real‑world assets such as real estate and commodities.

What Happened

According to CoinGape, PI’s price hovered at $0.159 on Sunday, just before the highly anticipated Protocol 23.0 launch scheduled for May 18. The overall cryptocurrency market showed a modest recovery after two days of bearish trading, with bitcoin remaining below $78,000, ethereum near $2,180, and XRP trading above the $1.40 support level.

ZyCrypto reports that X Finance Bull, a community educator, has sparked discussion by suggesting that XRP may be poised for a “face‑melting rally” as momentum across the XRPL continues to build. He cites rising activity and improving rankings in the RWA sector as key indicators that could lead to a major breakout.

Market & Industry Implications

The steady price of PI ahead of Protocol 23.0 indicates that the market is awaiting the upgrade’s impact on the token’s functionality and potential use cases. A successful launch could enhance investor confidence and drive demand for PI.

For XRP, the growing RWA rankings and increased ledger activity may attract institutional interest, potentially supporting price appreciation. The discussion around a possible rally reflects growing optimism within the XRP community about the asset’s future trajectory.

What to Watch

  • Protocol 23.0 launch on May 18 and any subsequent updates from Pi Network.
  • Ongoing developments in XRPL’s RWA sector and any new listings that could influence XRP’s market dynamics.