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Bull

Cardano Founder: Bitcoin to Hit $250K Before End of Bull Market

by admin August 28, 2025

Main bullish driver
Lifting all boats

During a recent interview with Kitco, Cardano founder Charles Hoskinson predicted that the price of Bitcoin could soar to $250,000 by the end of the current cycle.

“That’s kind of the flag I’ve put in the ground for the ceiling of it,” Hoskinson said.

Hoskinson has noted that sovereign wealth funds are currently buying Bitcoin, and the U.S. government currently holds roughly 212,000 coins. “It’s pretty crazy when you think about it,” Hoskinson said.

The Cardano founder believes that Bitcoin’s market cap is going to surge to $10 trillion over the next 10 years.

Main bullish driver

Hoskinson is convinced that Bitcoin-based decentralized finance (DeFi) is going to be the main bullish driver for the leading cryptocurrency.

This somehow echoes a recent prediction made by venture capitalist Tim Draper, who believes that Bitcoin could be similar to tech giant Microsoft in the sense that it could consolidate various innovative use cases.

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Hoskinson is convinced that Bitcoin will be treated like any other financial asset for purposes of investment and taxes as soon as there is more regulatory clarity in the US.

At that point, Hoskinson predicts, the leading cryptocurrency will be able to see a “massive” flow of money.

Lifting all boats

Hoskinson is convinced that Bitcoin surging to the $10 trillion mark will be the rising tide that will end up lifting all boats.

He has noted that there are plenty of cryptocurrency-focused use cases beyond finance.

“Like, how do I build a competitor to Facebook and have a decentralized social network? I want to do this in Bitcoin. It’s an absurd thing,” he said.

The Cardano founder has predicted that there will be an “internet of blockchains.”

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August 28, 2025 0 comments

NFT Gaming

189,048,016,126 SHIB out of Major US Exchange as Coinbase Whale Turns Shiba Inu Bull

by admin August 26, 2025

One address has just walked out of Coinbase with a bag that would make any meme coin watcher pause. On-chain records of Arkham show 189,048,016,126 Shiba Inu coins, worth about $2.3 million, landing in a fresh Ethereum wallet after a string of transfers that all came from leading U.S. crypto exchange Prime.

Watch the numbers: repeated chunks of around 15.3 billion SHIB, each just under $190,000, dropped into the same destination one after another until the wallet balance swelled to its current size.

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Source: Arkham

Whoever moved the SHIB coins was not rushing a single sweep, but they were not spreading it over weeks either — it was a concentrated accumulation carried out within 24 hours. Now the funds sit untouched, almost like they have been parked away from trading risk, although the reason is open to guesswork.

Shiba Inu (SHIB) price review

In the meantime, the SHIB price is stuck near $0.00001213, just above the lower support around $0.00001107, with obvious resistance levels up at $0.00001688 and $0.00002052. The coin has been swinging inside this box for months, each push higher meeting selling, each dip finding buyers in the same lower zone.

A whale moving millions off Coinbase does not rewrite that setup overnight, but it does thin out the immediate supply sitting on an exchange order book.

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Whether that signals confidence in holding through the range or preparation for some other move, the result is the same: nearly $2.3 million in SHIB has shifted into some unknown wallet amid the uncertainty on the crypto market.

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August 26, 2025 0 comments

Crypto Trends

Bitcoin (BTC) Bull Run Cancelled? Shiba Inu (SHIB) Hits 0 in Key Metric, XRP’s Unthinkable Comeback

by admin August 25, 2025

Shiba Inu is anemic
XRP’s bounce

A crucial question has been raised by Bitcoin’s recent market performance: Is the bull run already over, or is this just a mid-cycle pause? BTC has had difficulty maintaining upward momentum since hitting a new high earlier this summer, and recent price action indicates the rally may be losing steam. Because Bitcoin has failed to stay above the 50-day EMA, this is the main problem. In the past, this level has served as a solid basis for bullish continuation, however, in the present configuration Bitcoin tried to break through but failed.

The rejection at this moving average indicates a market where buying pressure is insufficient to sustain the subsequent leg up, and indicates a weakness in demand. Volume has been continuously dropping, adding to the bearish weight, and indicating that traders are not very confident. Every correction during prior strong bull phases was greeted by aggressive buybacks and increased volume inflows. Now, the lack of these indicators suggests hesitancy on the part of investors who are hesitant to commit to additional upside.

BTC/USDT Chart by TradingView

The next logical area of support for Bitcoin is around the 100 EMA, which is close to $111,000, if it is unable to regain the 50 EMA anytime soon. A test of that area might significantly strain sentiment, and possibly prolong the correction. The story would change from a healthy retracement to a more comprehensive trend reversal if it breaks below it.

The failed 50 EMA breakthrough, however, indicates that the road to higher highs might be postponed for the time being. The main resistance level that investors should keep a close eye on is $116,000. Talk of a sustained bull run seems premature in the absence of a clear move above it.

Shiba Inu is anemic

Shiba Inu’s recent trading sessions have seen nearly zero volatility, signaling the start of an extremely stagnant phase. Although symmetrical triangles are frequently used to precede breakouts, the current dynamics indicate that SHIB may be headed for a protracted period of sideways movement rather than an explosive rally.

According to the chart, SHIB has been steadily tightening between levels of support and convergent resistance. Every recovery attempt has been capped by the upper descending trendline, and the July ascending support has prevented the token from dropping further. This gives the appearance of a balanced market that lacks clear-cut momentum.

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It is a double-edged sword that volatility has dropped to almost zero. It lessens the possibility of unexpected malfunctions in the near future, on the one hand. On the contrary, it indicates that liquidity is dwindling and that traders are generally disinterested at current levels. The price may move indistinguishably for weeks as a result of this type of compression.

There has been a consistent drop in volume, and the token is still below its major moving averages. A breakout from this triangle might be more noise than signal if there isn’t a significant catalyst or a spike in demand. This means patience is key for investors.

The absence of volatility raises the possibility that stagnation rather than growth will characterize the foreseeable future, even though the symmetrical triangle can ultimately resolve in either direction. It is unlikely that the market will regain momentum in the near future unless SHIB recovers important levels above $0.0000135 and $0.0000141.

XRP’s bounce

After a sharp decline, XRP recently made one of the most unexpected recoveries of the summer, rising above the 50-day EMA. The asset appeared destined to decline further toward the 100-day EMA near $2.75, making this recovery nearly impossible. Rather, XRP abruptly reversed course, pushing back above short-term resistance and surprising the market. Because of how swiftly sentiment changed, the move has been called an unthinkable comeback.

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A few sessions ago, XRP was on the edge of diving below the 100 EMA as it struggled to stay above $2.80. Volume was declining, and momentum indicators were weak. Nevertheless, the market managed to muster enough strength to push the token back above the 50 EMA, giving investors hope for a possible continuation rally.

There is a catch to this rally though. Although the 50 EMA breakout appears promising, XRP never really broke through its 26 EMA support. It may not be as strong as it looks because the price tested it several times but was unable to close much below it. In summary, technical resilience rather than fresh demand is the foundation of XRP’s recovery. This raises doubts about the rally’s viability.

Should XRP fail to gain traction above $3.05 and retest the $3.20-$3.30 range, the move may not last as long as it seems. The market might retest the 100 EMA if it is unable to hold above the 50 EMA, at which point genuine support would need to be verified. For the time being, holders of XRP can find solace in this improbable recovery, but the warning indicators are still there: This recovery could be brief in the absence of volume and more solid fundamentals.

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August 25, 2025 0 comments

GameFi Guides

10,000,000,000 SHIB Out of Binance as Meme Coin Bull Readies for September

by admin August 24, 2025

Out of nowhere, a big SHIB move hit the chain today — a Binance hot wallet pushed out 10,003,000,000 SHIB into a fresh address, split into three separate sends. The largest one carried just over 9 billion SHIB, worth about $116,000, the second chunk was close to 1 billion SHIB worth $12,900, and the last was a tiny 189,000 SHIB, barely two dollars on paper.

All of it landed in one wallet that looks brand new, now holding little else except that SHIB stack, plus a leftover 0.213 ETH (around $1,000) and some dust-level ACH.

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This isn’t a jaw-dropping whale movement compared to billion-dollar flows the market has seen this week. What makes it worth attention is the calendar.

Source: CryptoRank

September has been one of Shiba Inu’s better months over the years — the median performance sits at +8.2%, and in 2021 it was September that kicked off the run leading to the massive +833% October rally.

Even in down cycles, September has often delivered some kind of green after the summer slump, which is why a sudden 10-billion SHIB pull from Binance into cold storage is being discussed.

What’s up with Shiba Inu (SHIB) price?

SHIB is still stuck at $0.00001284, holding a base just above $0.00001107 while resistance levels stack one after another at $0.00001698, $0.00002000-0.00002500 and then the old cap at $0.00002970. That range has been containing the token for months, and any real breakout will have to chew through it, while a slip below the $0.000011 zone risks erasing what little structure summer managed to build.

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For now, the setup is intriguing: One wallet with 10 billion SHIB pulled off Binance, right before a month that has historically leaned bullish. Whether that lines up with another seasonal rebound or just fades into the noise is open for speculation.

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August 24, 2025 0 comments

NFT Gaming

Crypto Bull Cycle Just Getting Started, Tom Lee Says

by admin August 24, 2025

Fundstart’s Tom Lee believes that the current cryptocurrency bull market is only in its early innings despite the fact that the biggest coins by market cap have recorded some impressive gains.

His reasoning is based on the fact that traditional finance is still seemingly reluctant to embrace cryptocurrencies.

According to the Morgan Stanley survey, did not own crypto:

– 2024: 69%
– 2025: 82%

This actually went up in 2025. This is a sign that it is still early in this crypto cycle

Tickers: $BMNR $GRNY https://t.co/04wgUNFHTX

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) August 24, 2025

Morgan Stanley sounding on crypto?

Lee has pointed to the fact that the percentage of European Morgan Stanley interns who own crypto actually went down dramatically

As reported by U.Today, the interns of the prominent bank have ditched both Bitcoin and Ethereum at a rapid pace over the past few years. For instance, 63% of them owned the largest cryptocurrency by market capitalization as of 2022. However, this percentage has now shrunk to only 12% in a dramatic reversal.

In fact, XRP is the only token that has seen its ownership rates go up over the past two years (from zero to 5%).

Prominent investor Dan Tapiero previously predicted that 2026 would be “a boom year” for cryptocurrencies.

Bitmine’s vast ETH holdings

As reported by U.Today, Lee previously opined that Ethereum (ETH) is supposed to be trading at $6,000 as of now.

Lee’s Bitmine, the biggest corporate owner of the flagship atlcoin, has now surpassed a whopping $7 billion in total holdings, according to data provided by Arkham Intelligence.

ETH’s new record high

In the meantime, Ethereum (ETH) recently hit yet another all-time high of $4,945, according to CoinGecko data.

The flagship altcoin is enjoying a massive rally due to strong corporate adoption as well as extremely impressive ETF flows.

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August 24, 2025 0 comments

GameFi Guides

3 memecoins expected to pump this bull cycle

by admin August 23, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

DOGE jumps 23%, sparking interest in Little Pepe, Dogwifhat, and Bonk as analysts eye 25x potential gains.

Summary

DOGE surges 23%, fueling interest in high-potential memecoins like LILPEPE, WIF, and BONK.
Little Pepe presale nears sellout, offering 25–44x potential with Layer-2 blockchain perks.
Analysts spotlight LILPEPE’s fair-launch, low-fee network as a top meme token to watch in 2025.

The memecoin market is heating up again. In the past week, Dogecoin (DOGE), the first and leading meme token, has increased by 23%. This surge has sparked interest from traders seeking community-run, high-potential assets.

In the past, large movements from DOGE have often come before larger meme token rallies, with newer and smaller market cap coins giving even higher percentage returns.

Now, analysts are spotlighting three memecoins they believe could post 25x returns in the coming months: Little Pepe (LILPEPE), Dogwifhat (WIF), and Bonk (BONK). Each project combines viral community appeal with technical setups that suggest significant upside potential.

1. Little Pepe – a memecoin layer-2 challenger

Little Pepe has emerged as one of the most ambitious meme projects of 2025 — not just aiming for viral status, but building a dedicated Layer-2 blockchain ecosystem for memecoins.

While most meme tokens exist as ERC-20s reliant on Ethereum’s network, Little Pepe’s Layer-2 promises ultra-low fees, lightning-fast transactions, and anti-bot trading protections.

Key features include:

No Sniper Bots: Fair launch environment for retail traders.
Meme Launchpad: Enabling new tokens to deploy directly on the network.
Low-Cost Transactions: Fractions-of-a-cent gas fees.

The project has also prioritized trust and transparency, achieving a 95.49% security score from CertiK, one of the industry’s most respected auditors.

Presale performance

Little Pepe’s presale is now in Stage 11, over 93% sold out, with $20.57m raised toward a $22.3m target. The current token price is $0.0020, with the next stage bumping it to $0.0021. Analysts see a near-term post-listing target of $0.05–$0.088, representing around 25–44x upside from today’s price.

Why it could pump:

Strong presale momentum
Dual top-tier exchange listings at launch
Dedicated Layer-2 utility
Large, growing community

If DOGE continues to rally, spillover demand for emerging meme projects could push LILPEPE into rapid price discovery mode.

2. Dogwifhat – approaching breakout levels

Dogwifhat has been on trader watchlists for months, with technical analysts like Chris and Atlas pointing to a setup that could trigger a breakout run. Currently trading at $1.066, WIF has key support levels at $0.786 and $0.910, which have held during recent pullbacks.

Recent price action:

Quick rise to $1.10, then drop to $0.94, bringing it to a 9.61% drop for the day.
Trading volume dropped from $484M to $413m indicating some profit-taking.
Despite the pullback, higher lows are forming — a bullish structural sign.

Resistance to watch

The critical breakout zone is near $1.20. According to Atlas’s charts, clearing this level could open the path toward $2.60, highlighting consistent uptrend momentum.

Bullish case:

A series of higher lows suggests strong buyer support.
Price is near the lower range, offering a favorable entry zone.
Historical behavior shows rallies often follow successful range reclaims.

Suppose WIF can hold above $0.90 and break $1.20 decisively. Analysts believe it could post a strong rally, with the $2.60 level representing roughly 145% upside from current prices — before considering the broader 25x potential if momentum snowballs.

3. Bonk – from sideways trading to breakout mode

Launched in late 2022, Bonk was initially a community airdrop to Solana developers, arriving when the ecosystem was struggling post-FTX collapse. Its mission was simple: inject energy and liquidity back into the Solana space.

After weeks of consolidation, BONK has again broken the crucial $0.000025 resistance level. A 12% rally in the past 24 hours has set BONK up for another important level. This move has turned resistance into support, bringing us closer to the long-expected $0.000050 in the following weeks.

Technical Indicators:

Broke out of a descending wedge pattern, a bullish reversal signal.
RSI has exited oversold territory, pointing to growing buying pressure.
MACD crossed into positive territory, reinforcing the bullish case.

Institutional Interest

Adding fuel to the rally, NASDAQ-listed beverage company Safety Shot Inc. recently bought $25m worth of BONK, planning to acquire 4–5% of the total supply. While Safety Shot’s own stock price fell on the news, the purchase signaled rising institutional attention toward memecoins.

Support and resistance:

Support: $0.000023
Mid-term Resistance: $0.000030
Major Resistance: $0.000050

Continuing on this trajectory, BONK could hit reasonably $0.000050 by late August. Depending on market adoption and sentiment, long-term projections for 2025 vary from $0.000026 to $0.000059.

Why DOGE’s rally matters for these picks

Dogecoin’s 23% surge this week isn’t just a win for DOGE holders — it’s a bullish signal for the entire memecoin sector. Historically, strong moves from DOGE have sparked speculative waves into smaller caps, as traders look to replicate high-multiple returns.

During past memecoin seasons:

DOGE rallies often preceded alt-meme explosions.
SHIB, FLOKI, and PEPE all saw outsized gains in the months following major DOGE runs.
Market sentiment shifts rapidly from blue-chip memes to “next big thing” plays.

If DOGE maintains upward momentum, projects like Little Pepe, WIF, and BONK could benefit disproportionately as capital rotates into lower market-cap assets with higher potential multipliers.

Final takeaway

The memecoin market remains one of crypto’s most volatile and speculative segments — but also one of its most lucrative for well-timed entries. Little Pepe combines meme culture with real Layer-2 infrastructure and is still in presale under $0.0025. Dogwifhat is pressing against a key breakout zone at $1.20, with a chart setup that mirrors previous rally patterns.

Bonk is already looking to break out of consolidation and aims to reach $0.000050 in the near future, a target that represents a near-term doubling. As the entire market shifts bullish, these three tokens, alongside the market-leading DOGE, can net 25x returns thanks to their community support, structural setups, and the momentum driving them.

To learn more about Little Pepe, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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August 23, 2025 0 comments

Crypto Trends

Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry

by admin August 21, 2025

Key takeaways:

Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry.
AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite.

A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent 9.7% correction marks the end of Bitcoin’s bull run or just a temporary pause. The drop to $112,100 on Thursday pushed Bitcoin to its lowest point in six weeks, intensifying bearish momentum ahead of the monthly options expiry.

Bullish Bitcoin strategies ill prepared for prices below $114,000

The $7.44 billion in open interest for call (buy) options stands 17% higher than the $6.37 billion in put (sell) contracts. Still, the actual outcome hinges on Bitcoin’s price at 8:00 am UTC on Aug. 29. Deribit dominates the market with an 85% share, followed by CME at 7% and OKX with 3%.

Bulls may have been overly confident, with some wagers set at $125,000 or higher. That optimism quickly eroded after Bitcoin’s decline, shifting momentum toward put instruments. Regardless of the rationale behind the recent BTC price correction, traders who opted for bullish strategies will likely come out disappointed.

Deribit options open interest for Aug. 29, BTC. Source: Deribit

Only 12% of call options were placed at $115,000 or below, leaving most out-of-the-money at current levels. By contrast, 21% of puts are positioned at $115,000 or higher, with significant clusters at $112,000. Thus, it is only natural to expect bears to continue negatively pressuring Bitcoin’s price ahead of the monthly expiry.

It might be too early to declare bullish options strategies entirely lost. Traders are awaiting comments from US Federal Reserve Chair Jerome Powell on Friday, as any suggestion of increased odds of rate cuts could support asset prices. Hotter-than-expected US jobless claims data on Thursday added to that anticipation, keeping macroeconomic uncertainty high.

Related: Why is Bitcoin crashing and will $112K be the final bottom?

US Federal Reserve and tech stocks could dictate Bitcoin’s outcome

Below are five probable scenarios at Deribit based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to gain upside price exposure.

Between $105,000 and $110,000: $210 million in calls (buy) vs. $2.66 billion in puts (sell). The net result favors the put instruments by $2.45 billion.
Between $110,100 and $114,000: $420 million calls vs. $1.94 billion puts, favoring puts by $1.5 billion.
Between $114,100 and $116,000: $795 million calls vs. $1.15 billion puts, favoring puts by $360 million.
Between $116,100 and $118,000: $1.3 billion calls vs. $830 million puts, favoring calls by $460 million.
Between $118,100 and $120,000: $1.7 billion calls vs. $560 million puts, favoring calls by $1.1 billion.

For bullish strategies to gain traction, Bitcoin would need to trade above $116,000 by Aug. 29. Yet, the most critical battle lies at $114,000, where bears are most motivated to push prices lower.

Ultimately, Bitcoin’s fate in the $13.8 billion monthly options expiry will be decided by broader macroeconomic trends, including investors’ discomfort with the artificial intelligence sector. Concerns deepened after Morgan Stanley warned that soaring spending could limit major tech firms’ ability to fund share buybacks, amplifying caution in equity markets.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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August 21, 2025 0 comments

GameFi Guides

Bitcoin Bull Run Finished? $172 Million Mystery Whale Thinks Opposite

by admin August 19, 2025

The past few days have been rough for Bitcoin (BTC) on the chart. The price dropped back to the $115,000 range after not being able to hold its August high of $123,000. But looking at Onchain Lens records, it seems someone is secretly building one of the biggest positions seen this month.

One wallet connected to FalconX inflows has been getting Bitcoin at a rate that looks more like a calculated plan than just chance. Just yesterday, it received 300 BTC, which is almost $35 million. That brings its total for the last 30 days to over 1,500 BTC, which is about $176 million.

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Every few days, the address lights up again, showing another transfer, with amounts ranging from 100 to 160 BTC. It is like a faucet is being turned on at regular intervals.

Whales are accumulating $BTC from #FalconX.

Whale 1: Received 300 $BTC worth $34.71M. Over the past month, this whale has accumulated 1,521 $BTC ($176.27M).

– bc1qgfqhl6ejwexutlfpmnmzl0qtzpyzqg86jn02sv

Whale 2: Received 210 $BTC worth $24.3M. In the past 10 days, this whale… pic.twitter.com/c2W3PZlcBa

— Onchain Lens (@OnchainLens) August 19, 2025

Another address on the same trail is close behind. Earlier this week, it received 210 BTC, worth about $24.3 million, but that was just part of a bigger trend. In just the last 10 days, it raked in almost 467 BTC, which is about $54 million. Most of those coins came straight from FalconX.

So, is bull run unfinished?

The timing of these transfers — which are happening at the same time as prices are dropping — suggests that someone is willing to take the other side of the market when sentiment is thinning out.

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Bitcoin’s chart is not very encouraging right now, but whale behavior often follows a different timeline. While retail flows out and funding data show some nervousness, these quiet accumulations suggest that the big players either see value in the dip or have a horizon that goes beyond short-term volatility.

Either way, $172 million in new Bitcoin money going into just two accounts is hard to ignore.

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August 19, 2025 0 comments

Crypto Trends

Ethereum (ETH) Bull Market Over? Shiba Inu (SHIB) Risks Adding Zero Rocket, XRP’s Last Level Before $2

by admin August 19, 2025

Shiba Inu at risk
XRP checks in

Ethereum has most likely entered a corrective phase, which could be the beginning of the end of the bull market. Ethereum has been gradually declining after reaching a peak of about $4,800, and the price action is displaying the first discernible signs of weakness since July.

Given that trading volume has decreased in comparison to earlier in the rally, the decline suggests that market momentum may be waning. Ethereum corrections following sharp rallies have historically tested important moving averages, and the 26-day EMA is currently the first crucial level to keep an eye on. A clean rebound prior to testing this zone would be a more convincing sign that buyers are still in control, but a drop toward this line would indicate a continuation of short-term selling pressure.

ETH/USDT Chart by TradingView

The larger bullish structure would hold up if ETH could bounce back above recent highs, rather than tagging the 26 EMA, indicating that this move is merely a brief cooling off. With the next layers of support located close to the 50 EMA and psychological round levels around $4,000, additional downside may become possible if the 26 EMA breaks decisively.

The more general question is whether the upward momentum of the cycle will end with this correction. Since long-term moving averages are still sloping upward, and Ethereum is currently trading comfortably above key support lines, it appears that the bull market is still going strong. But as Ethereum continues to decline, traders may grow increasingly wary, particularly as the market closes out derivative positions.

Shiba Inu at risk

Shiba Inu is once again close to adding a zero to its price. Following weeks of consolidation within an ascending triangle pattern, SHIB is currently close to losing the lower range, which could lead to more severe declines.

The failure of SHIB to produce significant upward momentum is seen clearly on the daily chart. The token is continuing to retest the support line, rather than breaking higher, which indicates a weakening setup, even though the ascending triangle formation typically leans bullish. With today’s rejection, the likelihood of a breakdown is gradually increasing, and each bounce has been weaker than the one before.

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Due to the absence of strong support zones until much lower levels, the move may accelerate rapidly, if SHIB breaks below the triangle’s support. SHIB would most likely be forced to add another zero to its price as a result of such a decline, returning it to valuations not seen since the early summer.

Lower trading volumes and the absence of whale-driven support both increase the descending momentum and lessen the likelihood of a recovery. The risk is increased by the fact that SHIB’s performance is still trailing, leading cryptocurrencies like Ethereum and Bitcoin, which have at least maintained stronger trends.

XRP checks in

XRP is not feeling that well, as the asset is close to entering a critical state. The token is currently declining and in danger of breaking below its 50-day exponential moving average (EMA) after failing to maintain momentum above $3. Although this level has historically been used as a temporary buffer, the current situation indicates that it might not last for very long.

As XRP records a string of red candles, the market’s inability to maintain bullish sentiment is putting pressure on the 50 EMA. The next strong support is located much deeper in the $2.70-$2.75 range, and the $2.40 region, which is anchored by the 200 EMA if this level fails. A breakdown of this kind would wipe out most of XRP’s recent gains and expose the token to a possible retest nearer $2.00, a psychological level that will decide whether the larger bullish cycle holds up.

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Curiously, volume data presents a somewhat different picture, even though price action appears fragile. Indicating that bears are not fully committing to the sell-off, trading volumes have been continuously dropping during the downward move. This lack of conviction allows for a potential rebound, but XRP runs the risk of crashing lower toward significant support levels in the absence of an abrupt spike in demand.

XRP needs to regain the $3.00 mark with significant buying pressure if bulls wish to regain control. If this is not done, there may be a chance for a more severe correction, with $2.00 acting as the final key level before sentiment turns sharply against the asset.

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August 19, 2025 0 comments