Tag:

XRP

XRP Must Grow: RSI Says So, Bitcoin (BTC): Catastrophic Signal? Ethereum (ETH): $5,000 in September?

by admin August 23, 2025

Bitcoin’s divergence
Ethereum not empty

After dropping below its rising trendline, which indicates a deterioration in short-term momentum, XRP is now at a pivotal point. XRP is now trading at about $2.86, having lost ground above the crucial support trendline that once directed its rally.

Although indicators suggest that buyers may be losing ground, a recovery is still possible if momentum picks back up. The Relative Strength Index (RSI), which is currently trading just below 40, is one of the best indicators. Usually, this level means that the asset is approaching oversold territory, where selling pressure might start to wear off. Notable rebounds have frequently been preceded by similar RSI readings in previous XRP cycles.

XRP/USDT Chart by TradingView

Given that the market is at a technical crossroads, the RSI indicates that a relief rally may be possible in the upcoming sessions. This mixed picture is further compounded by the consistent drop in trading volume. Since there is less conviction behind the sell-off, a relatively small amount of buying pressure could reverse the momentum and push it back upward, as indicated by the decreased participation.

In order to regain the ascending structure and pursue additional recovery, XRP may need to regain the $2.95-$3.00 zone. But hazards still exist. Now a crucial battleground, the 50-day EMA is situated just below current prices. A breakdown below this level might hasten losses in the direction of the 100-day EMA, which is located at $2.74. This area might serve as a last line of defense prior to more significant corrections.

All things considered, the XRP chart shows weakness, but not surrender. Bulls may soon have a chance to recover lost ground if the oversold RSI reading indicates that the downside momentum may soon stall. It is still possible for XRP to recover if volume increases and stays above its moving averages.

Bitcoin’s divergence

In addition to showing a pronounced bearish RSI divergence, the top cryptocurrency recently broke below its 50-day EMA, a historically significant support level. This pattern indicates that even though the price reached a new all-time high earlier this month, the underlying momentum has been gradually eroding.

This is a risky situation that frequently occurs before lengthy corrections. Because the divergence reflects market conditions observed in June 2022, when a similar setup preceded a deep and prolonged sell-off, it is especially concerning. Even though price action initially looked bullish, the RSI trended lower in both instances as the price pushed higher, indicating that buyers were losing strength. The final collapse resulted in a series of liquidations, and the state of the market now suggests that history may repeat itself.

You Might Also Like

The apparent drop in trading volume strengthens the bearish argument. Usually, a declining volume trend during a retracement indicates that there is not enough demand at the current price levels. Given that Bitcoin is currently trading just above the 100-day EMA at $110,600, the likelihood of further declines increases in the absence of strong buyer support. The 200-day EMA, at about $103,500, might be the next crucial line of defense if this level gives way.

RSI is another warning sign, as it is currently approaching the neutral 40 zone. If it falls below 40, bearish dominance would be strengthened, which could hasten the downward trend. The market is delicately balanced in light of this, and further selling pressure could trigger a further decline.

Ethereum not empty

With Ethereum displaying resilience once more, there is conjecture that a run toward $5,000 might occur as early as September. ETH had to undergo a necessary correction after weeks of sharp increases, cooling off from its peak around $4,800. Crucially, the correction happened under control, with ETH recovering from the 26-day EMA and remaining above $4,200, a level that traders are currently targeting as short-term support. Corrections are frequently seen as a way to cool down markets, and Ethereum appears to have done so successfully.

While the recent pullback cleared out speculation and excess leverage, volume patterns indicate that sellers are waning as buyers gradually regain control. The technical room for another leg higher has been created by the RSI’s normalization after it had previously entered overbought territory. The self-driven correction in ETH’s setup is what makes it so interesting. Instead of being a panic-driven sell-off, Ethereum’s decline was more of a consolidation phase than a sudden market-wide crash. Usually a bullish sign, this type of behavior indicates that the asset is stabilizing before continuing on its current course.

You Might Also Like

The likelihood of Ethereum retesting $4,800 increases if it keeps its footing above $4,200 and buyers keep intervening. A run toward the psychologically significant $5,000 mark would then be possible if that resistance zone were broken. Ethereum is the focus of renewed investor interest as Bitcoin consolidates and altcoin momentum increases.

Even though there are no guarantees in the cryptocurrency space, the charts indicate that ETH has established a stronger base for future growth. Ethereum may finally make the much-awaited move above $5,000 in September.

Source link

August 23, 2025 0 comments

Crypto Trends

Ethena Clears XRP, HYPE for USDe backing after onboarding BNB

by admin August 22, 2025

Ethena Labs has formally approved XRP and HYPE under its new Eligible Asset Framework. The metrics-driven approach, which recently onboarded BNB, mandates stringent liquidity and depth requirements for all assets backing USDe’s futures hedges.

Summary

Ethena Labs approved XRP and HYPE as eligible assets to back its USDe synthetic dollar, following BNB’s onboarding.
Both tokens cleared strict thresholds for liquidity, open interest, and trading volume under Ethena’s new Eligible Asset Framework.

According to an announcement on August 22, Ethena Labs’ independent Risk Committee has formally approved Ripple (XRP) and Hyperliquid (HYPE) tokens as eligible assets to back its USDe synthetic dollar.

The Ethena Risk Committee have established the Eligible Asset Framework, which represents a new approach to widening approved backing assets specifically for the perpetual futures portion of the collateral backing of USDe.

As part of the new framework, BNB has been approved as… pic.twitter.com/SiT0Dt549E

— Ethena Labs (@ethena_labs) August 22, 2025

The move follows the successful onboarding of Binance Coin (BNB) and is the first application of the protocol’s newly unveiled Eligible Asset Framework. Ethena Labs said the committee’s decision was based on a cold, hard analysis of quantitative data, with both assets clearing minimum thresholds for open interest, trading volume, and market depth across major exchanges.

The data behind the decision

To vet these assets, the committee relied on a rigorous data pipeline sourced primarily from the Coinglass Open API, with a cut-off date of August 16. This data spanned major centralized exchanges, including Binance, Bybit, and OKX, which serve as Ethena’s primary hedging venues.

The approval of XRP and HYPE was not a close call based on the published metrics. Both assets convincingly surpassed every minimum threshold. Each boasts a two-week average open interest well above the $1 billion benchmark, a critical measure that ensures Ethena’s trading team can establish large short positions without moving the market.

Additionally, their spot and perpetual trading volumes consistently exceeded $100 million daily, while their market depth, including the liquidity available within 1% of the current price, proved robust enough to handle significant trades without major slippage.

The committee also found that both assets cleared the 180-day minimum open interest hurdle of $300 million, demonstrating their market maturity and resilience even through periods of volatility, Ethena Labs said.

This data-centric approach also clearly delineated which assets did not make the cut. Despite their popularity and decent volatility profiles, both Sui (SUI) and Cardano (ADA) were rejected by the committee.

Source link

August 22, 2025 0 comments

Crypto Trends

1 Billion XRP Mark Lost: On-Chain Activity in Shambles

by admin August 22, 2025

XRP payments’ volume drops
Market performance

XRP is coming under increasing pressure followed by a substantial network volume decline. After the rise of momentum, the asset has now fallen below important technical and fundamental thresholds, painting a questionable future outlook.

XRP payments’ volume drops

The volume of XRP payments has sharply decreased, according to on-chain data. When it peaked earlier in August, daily account-to-account transactions regularly remained at or above one billion XRP. But according to recent data, payment volumes have drastically decreased, dropping to about 522 million XRP on Aug. 21. There is a noticeable halt in the momentum, which indicates that XRP’s network activity is becoming less useful and interesting.

XRP/USDT Chart by TradingView

In light of Ripple’s long-standing advocacy for adoption in institutional transfers and remittances, persistent payment weakness may erode trust in the asset. The market chart illustrates this deteriorating environment. XRP is currently having trouble around $2.85, following a robust rally in July that lifted the asset above $3.50. Technically, the price has broken below the rising trendline that had previously held up its bullish structure.

Market performance

At $2.79, XRP is trading just above its 100-day EMA, which could serve as a short-term support level. If this level does not hold, the next significant support, which is in line with the 200-day EMA, is located closer to $2.45. Additionally, momentum indicators point to a lack of strength.

You Might Also Like

On-chain activity must increase again, with payment volumes returning to the one billion XRP mark in order for XRP to stabilize. In terms of technical analysis, the first indications of fresh strength would be the recovery of the ascending trendline and breaking above the resistance at $3 per hour. The market is in ruins after losing a vital basis of price structure and network utility, and XRP is still at risk until then.

Source link

August 22, 2025 0 comments

NFT Gaming

Why VivoPower Wants Ripple Shares at a Discount to Its XRP Holdings

by admin August 21, 2025

In brief

Ripple’s shares trade at a discount to its XRP holdings
VivoPower is trying to buy them for discounted XRP exposure.
The shares aren’t owned by Ripple itself, a person familiar with the matter said.

Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect that, according to VivoPower advisory board member Adam Traidman.

As a private company, Ripple’s shares have less liquidity than they would on a stock exchange, so the company’s share price is primarily determined across individualized deals—often at a discount to the value of Ripple’s unmatched XRP holdings—he told Decrypt on Tuesday.

“It has historically been really challenging for Ripple to keep great employees because there is no liquidity,” said Traidman, who previously served on Ripple’s board of directors and as CEO of SBI Ripple Asia, a joint venture with the Japanese financial conglomerate SBI Holdings.

Ripple shares do have liquidity on private markets like Forge. But they are limited to accredited investors. Ripple shares changed hands around $114 on Tuesday, but it can take up to 60 days for trades to be completed, depending on the negotiating process.

Decrypt reached out to Ripple for comment.

Tender offers from Ripple have also provided its current and former employees with some degree of liquidity in the past, but with digital asset treasury firms being established for nearly every popular cryptocurrency—from Dogecoin to Tron—VivoPower has recently emerged as another potential buyer, seeking Ripple equity as a way to augment its XRP-buying strategy.

On Thursday, VivoPower shares fell to around $5.26, according to Yahoo Finance. The Nasdaq-listed firm’s share price has rallied nearly 300% year-to-date; however, the company’s stock has struggled to surpass a recent high of $8.88 in late May.

The company said earlier this month that it is acquiring $100 million worth of privately held Ripple shares at a $19 billion valuation. Without considering the value of Ripple’s business or RLUSD stablecoin, VivoPower said the deal would effectively give it exposure to XRP at an 86% discount compared to the cryptocurrency’s current market price.

Ripple didn’t pay a dime for its XRP stockpile, but based on the company’s valuation, VivoPower said that it would effectively be buying XRP at $0.47 per token at the time.

Ripple-linked wallets controlled roughly 42 billion XRP on Thursday, according to XRP Scan. On paper, those tokens were worth $121 billion, according to crypto data provider CoinGecko.

XRP Ledger co-founders gifted Ripple 80 billion XRP in the network and company’s early days. Most of the remaining funds–totaling 38 billion XRP worth $112 billion, as of October–are held in escrow to “provide predictability to the XRP supply,” according to XRP Ledger’s website.

VivoPower co-founder and Executive Chairman Kevin Chin learned about the opportunity to purchase Ripple shares at a confab in Singapore in June, he told Decrypt. What followed was a nearly two-month period of due diligence, he added.

“Ripple themselves are the largest holders [of XRP], largely in escrow, and demonstrated over more than 10 years that they’re very disciplined in how that gets released into the market,” he said. “So we got very comfortable.”

A person familiar with the matter told Decrypt that the shares that VivoPower is trying to purchase are not owned by Ripple itself.

VivoPower waited until the U.S. Securities and Exchange Commission’s years-long legal battle with Ripple was over before making the deal public. The withdrawal of the SEC’s appeal, and Ripple’s cross-appeal, finalized a $125 million penalty against Ripple earlier this month.

VivoPower estimated this month that its investment in Ripple would reflect exposure to 211 million XRP. VivoPower unveiled its XRP treasury strategy in late May, pivoting away from sustainable energy, but it does not share its XRP holdings on its website.

Traidman said that VivoPower is working on a transparency page to show its XRP holdings that’s “cryptographically provable independently from the XRP ledger,” but acknowledged that may not be possible with Ripple’s shares, if the company is able to buy them.

“That’s not on the blockchain, so we can’t prove it. But at least on the website, we will transparently state how much we have,” he said.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

August 21, 2025 0 comments

NFT Gaming

Market Expert Shakes Off SEC’s Delay Of XRP ETFs, Gives Timeframe For Approval

by admin August 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The wait for an XRP exchange-traded fund (ETF) in the United States just got longer, but one leading market expert is not worried. The SEC recently postponed its decision on several spot XRP ETF applications, extending deadlines into October. Even so, Nate Geraci, President of The ETF Store, believes approval could come soon. Instead of seeing the delay as a setback, Geraci sees it as a sign that the regulatory groundwork is almost complete.

XRP ETFs Could Arrive Within 60 Days Amid SEC Delays

Geraci shared his outlook after the SEC pushed back its ruling on the 21Shares Core XRP Trust. The regulator had until August 20 to decide, but instead gave itself another 60 days, moving the deadline to October 19, giving time for reviewing public comments and addressing regulatory concerns under the Securities Exchange Act of 1934.

The postponement affects not just 21Shares but also other major firms waiting on XRP ETF decisions. Companies such as Grayscale, Bitwise, WisdomTree, Canary Capital, CoinShares, and Franklin Templeton all have applications under review. If the current schedule holds, the SEC will issue decisions in a tight window. Grayscale’s filing could see a ruling on October 18, followed by 21Shares on October 19, Bitwise on October 20, and Canary Capital and WisdomTree between October 24 and 25.

Market observers expect the SEC to handle these applications consistently, just as it did with earlier ETF approvals. Even with the delay, Geraci is still confident. In a post on X, he said that the “spot crypto ETF floodgates appear set to open in the next two months.” He explained that the framework for these funds is “nearly ready,” suggesting that the postponement is more of a formality than a real roadblock.

Regulatory Shifts Signal Fast-Tracked Crypto Adoption

Geraci’s optimism for the XRP ETF approval ties to larger changes happening in U.S. financial regulation. He noted that the country is “nearly ready” for more spot crypto ETFs, with Ethereum staking approval expected soon and the Clarity Act under review in the Senate. He also said that the rest of the year “should be wild” as new rules for digital assets begin to take shape.

He shares the same view as Fed Governor Michelle Bowman, who spoke at the Wyoming Blockchain Symposium, saying change is coming and asked banks and regulators to be more open to new tech. She argued that banks should not cling to an overly cautious approach, since doing so could cause the U.S. to fall behind in the global race for financial innovation.

Bowman also said that regulation and innovation do not have to work against each other. In her words, the US must choose to lead the future of finance or risk falling behind. Congress has already passed the GENIUS Act, which sets rules for stablecoins. Industry participants are watching the Senate’s Digital Asset Market Clarity Act, which may split oversight between the SEC and the CFTC.

Price fails to reclaim $3 | Source: XRPUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

August 21, 2025 0 comments

Crypto Trends

ETF Issuer Says XRP Is A Tactical Play For Institutional Investors, Here’s Why

by admin August 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Institutional confidence in the cryptocurrency market is gaining new momentum, particularly with XRP, which is increasingly becoming a focal point for investors. A recent release by ETF issuer WisdomTree, now circulating across the social media platform X and amplified by crypto commentator SMQKE, is projecting XRP as a “tactical onshore play” for institutional portfolios.

The endorsement shows the growing sentiment that XRP is no longer just a speculative asset, with many fervent bullish proponents predicting a $1,000 price point in the near future.

XRP As A Tactical Onshore Play

According to ETF issuer WisdomTree, the unique advantage XRP now offers is its fully onshore accessibility through CME-listed futures. This eliminates the reliance on offshore venues that often expose investors to shallow liquidity and weaker regulatory oversight. In essence, the full onshore access of XRP makes it a viable gateway to consistent basis yield harvesting, especially valuable in fast-moving and volatile conditions in the crypto market.

Basically, recent crypto market dynamics have made it possible that institutional traders can directly access basis trading opportunities in XRP without leaving regulated markets, a development that makes the asset particularly attractive for large-scale portfolio managers.

However, many XRP proponents would argue that the cryptocurrency is yet to reach its full potential when it comes to being the tactical play for institutional investors. The most important thing right now is the launch of Spot XRP ETFs in the US market. A Spot XRP ETF would mirror the trajectory that Bitcoin followed in early 2024, when Spot ETF approvals by the SEC unleashed billions in inflows into the cryptocurrency.

Interestingly, the SEC has set a final deadline for deciding on several XRP-linked spot ETF applications by mid-October. For instance, the regulator must decide by October 18, 2025, whether to approve Grayscale’s request to convert its XRP Trust into a spot ETF. According to Eric Balchunas, a senior ETF analyst for Bloomberg, the odds of an XRP ETF hitting the US market soon are at 95%.

Bitcoin, Ether, And Solana As Institutional Benchmarks

The release by WisdomTree also looks at how different digital assets occupy particular roles among institutional investors. Bitcoin, through CME-listed futures, is the institutional “gold standard,” with the deepest liquidity and the most reliable structure for basis trading. According to the ETF issuer, Bitcoin CME futures are always trading at an annualized premium to spot, which makes them the cleanest in terms of scalability for yield harvesting.

On the other hand, Ether is the smart beta to Bitcoin’s benchmark, while Solana was described by WisdomTree as the high-octane yield enhancer. Solana, like XRP, is still in its early stage compared to Bitcoin and Ether among institutional investors, but with the potential for higher returns due to staking rewards boosting its basis trades. However, despite these other crypto heavyweights, WisdomTree proclaimed XRP as the best tactical onshore play.

XRP trading at $2.9 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Source link

August 21, 2025 0 comments

NFT Gaming

Top Binance Traders Cut XRP Longs Ahead of Powell’s Speech

by admin August 21, 2025

According to Binance data, top XRP accounts are holding fewer longs ahead of Jerome Powell’s Jackson Hole appearance, trimming exposure before one of the biggest macro events of the summer.

On Aug. 20, long accounts made up 78.12% of top margin users, with shorts at 21.88%, giving a ratio of 3.57. As of Aug. 21, the number of longs dropped to 74.15%, while shorts increased to 25.85%, bringing the ratio down to 2.87.

You Might Also Like

The change is even clearer on open positions: longs accounted for 65.98%, while shorts climbed to 34.02%, leaving the ratio at 1.94, the lowest level in weeks. It shows that while most of the big accounts are still on the long side, they are doing so with lighter weight.

Source: TradingView

The Jackson Hole symposium will be held from Aug. 21 to 23, and Powell’s speech is expected to carry heavy market impact. The FOMC minutes published this week put inflation as the main risk to the Fed’s mandate, and since those notes were written before last week’s hotter CPI and PPI data, there is more reason for Powell to avoid giving a dovish signal.

What are options?

Markets are still pricing a pretty good chance — more than 80% — of a rate cut in September, but that could change if Powell does not support it. His focus on labor market weakness could boost risk assets, but if inflation dominates the message, it could drag them down.

Finally, if he sticks to “data dependent” language, the reaction could stay relatively contained.

You Might Also Like

For XRP, the setup comes after almost two weeks of price pressure, falling from above $3.15 to just under $2.90. Binance’s biggest accounts have already pulled back, and the coin is now waiting for Powell’s word to decide the next step.

Source link

August 21, 2025 0 comments

Crypto Trends

XRP Paints Critical Divergence, Dogecoin (DOGE): Last Chance, Explosive Solana (SOL) Rally Now?

by admin August 21, 2025

Dogecoin rises above
Solana’s ascent

With its price resting on a support trendline, and momentum waning, XRP is approaching a critical phase as technical indicators generate conflicting signals. With an ascending diagonal pattern, and the 50-day EMA defining a key support zone, the asset is currently trading at about $2.87.

The Relative Strength Index provides a different narrative. A bearish divergence has been formed by the RSI’s downward trend over the past month, even though XRP’s price has maintained higher lows. If support fails, this kind of setup frequently portends possible breakdowns and indicates waning buying momentum.

XRP/USDT Chart by TradingView

The RSI, which is close to 41, suggests that XRP is getting close to oversold territory, but if there is not any new volume, the divergence may continue into more significant corrections.

In addition to the cautious outlook, trading volume has been declining steadily since the peak in July, which was around $3.70. This decline in participation shows that bulls are becoming less confident, which makes XRP susceptible to more aggressive movements should selling pressure pick up speed.

Historically, either breakdowns or sharp rebounds have been preceded by declining volume during consolidation phases; however, given the divergence, the bias is more toward downside risk.

XRP must protect the $2.80-$2.78 range in the near future. A strong decline toward $2.45, the level that the 200-day EMA supports, might be triggered by a clear break below.

Dogecoin rises above

The asset is currently trading at $0.212, just above a support zone intersection that includes the 200-day EMA, and an upward trendline that dates back to July. Although price action indicates waning momentum, and the potential for the final support level to give way soon, this alignment has so far served as a safety net for DOGE.

Every time the ascending trendline has been tested in the last two weeks, lower highs have been produced, indicating a waning of buying pressure. The volume has been decreasing at the same time, indicating that market players are not as dedicated to holding DOGE at these levels.

You Might Also Like

With a neutral-to-weak momentum reading of 46, the Relative Strength Index (RSI) does not exhibit a strong oversold or recovery signal.

A clustering of moving averages below Dogecoin’s price is a risk. Even though EMAs are frequently used as dynamic support, they are more prone to break under pressure if they converge more in a weakening setup.

The next obvious supports are far below, at about $0.20 and $0.18, if DOGE breaks the ascending trendline. With fewer high-volume nodes in the current range to absorb selling, such a break would probably cause a steeper decline.

Conversely, the first upside target is still $0.226, which is followed by $0.24, where DOGE has previously failed to maintain momentum, if it is able to hold this level and produce a bounce.

But unless buyers come back in large numbers, this is probably just a short-term respite rather than the beginning of a long-term rally.

Solana’s ascent

Its price is situated directly on an ascending trendline that has been driving its bullish momentum since July. As long as this technical structure holds, there is hope for one more leg upward. Nevertheless, there are some issues with the setup, because volume and momentum indicators present a more cautious picture.

The way that the moving averages interact with Solana’s current chart is one of its main advantages. The major EMAs have converged after months of divergence, offering a robust cluster of dynamic support below the price. This alignment frequently indicates that the trend is structurally stable, providing buyers with a buffer against any short-term weakness.

You Might Also Like

SOL is cooling off rather than overheating, as indicated by the RSI’s downward trend. Resetting can create room for a subsequent rally in a bullish environment without running the risk of overextending. As a result, Solana is less susceptible to sudden severe corrections than assets that are deeply overbought.

However, the largest obstacle to the rally narrative is volume. The price remains close to critical support, but recent trading sessions show waning participation and declining bars. If volume is weak, any possible breakout above $190-$200 might not have the conviction required for long-term momentum.

It will be crucial in the upcoming weeks if Solana can hold onto the rising trendline. An explosive rally toward $210-$220 is possible if buyers enter the market with fresh volume. A breakdown below $173 and $170, on the other hand, would render the bullish structure invalid, and probably lead to a more significant correction toward $160.

Source link

August 21, 2025 0 comments

GameFi Guides

XRP holds $2.80 support as bullish retest signals potential new highs

by admin August 21, 2025

XRP has retraced into the $2.80 support zone, a level reinforced by the 50-day moving average and value area high. Strong bullish volume suggests the current retest could pave the way for another push toward record highs.

Summary

$2.80 support aligns with 50-day MA and value area high.
Current bounce indicates a bullish retest of structural support.
Above-average bullish volume confirms demand, supporting potential breakout to new highs.

The significance of $2.80 cannot be understated for Ripple (XRP). Not only is it a high-time frame support, but it also represents a zone of heavy traded volume. This overlap of structural support and value area positioning makes the level a prime candidate for accumulation.

Key technical points:

$2.80 High-Time Frame Support: Reinforced by the 50-day moving average and the value area high.
Bullish Retest in Play: Current price action shows resilience, maintaining higher highs and higher lows.
Volume Confirmation: Above-average bullish volume signals strong demand and market interest.

XRPUSDT (1D) Chart, Source: TradingView

From a structural perspective, XRP continues to maintain its bullish trajectory. Since reclaiming the point of control earlier this year, the token has enjoyed a series of higher highs and higher lows, a textbook indicator of bullish momentum. The present bounce off $2.80 highlights that the broader trend remains intact despite short-term corrections.

The role of volume at this stage is particularly important. Healthy bullish volume has been observed as price consolidates above the $2.80 mark, indicating that buyers are active and committed at this level. Sustained volume inflows suggest that the correction was less about a breakdown in market structure and more about a technical retest of support. This makes the bounce even more convincing for traders watching closely.

It is worth noting that XRP does not need to immediately break higher from current levels to remain bullish. A period of consolidation above $2.80 would allow the market to establish a firmer base and potentially trap weak sellers before moving higher. Such sideways action is common in bullish markets and often precedes the next impulsive leg.

What to expect in the coming price action

As long as XRP continues to hold above $2.80 with multiple daily closes, the structure remains bullish. Sustained volume and market demand increase the probability of continuation, with a move beyond the swing high likely to open the door for new all-time highs. The current retest is a critical juncture, if buyers maintain control, XRP could soon enter its next phase of bullish expansion.

Source link

August 21, 2025 0 comments

XRP momentum stalls as SEC delays 21Shares XRP ETF decision

NFT Gaming

XRP slips under $3 as whales dump 470M tokens

by admin August 20, 2025

XRP has retraced below the $3 psychological level after whales offloaded nearly half a billion tokens, raising questions about whether the market is bracing for a deeper correction.

Summary

XRP dropped below $3 as whales sold 470M tokens in 10 days.
Despite the sell-off, over 93% of holders remain in profit.
Technicals suggest neutral momentum with risks of further downside.

XRP (XRP) slipped under the $3 mark on Aug. 20, trading at $2.88 at press time, down about 4% in the past 24 hours. The token has now shed 10% in the last week and 17% over the past month, standing nearly 20% below its all-time high of $3.65 set in July.

Whale selling adds pressure to XRP price

On an Aug. 20 post on X, analyst Ali Martinez noted that whales have sold around 470 million XRP in the last 10 days, raising concerns about mounting selling pressure. Large liquidations like this frequently slow down price momentum, especially when overall market sentiment is waning.

Despite the pullback, more than 90% of XRP’s circulating supply has remained in profit since mid-July, as per Glassnode data, with holders still averaging profit margins above 90%. This unusually high profitability ratio, combined with the completion of Ripple’s years-long legal battle with the Securities and Exchange Commission suggests much of the good news may already be priced in.

Analysts warn that such extended profit levels can trigger heavier profit-taking if markets face another bearish shock.

XRP technical analysis

The technical indicators for XRP show a cautious outlook. While oscillators like the MACD flash sell signals, the relative strength index is at 42, indicating that the market is neither overbought nor oversold. Momentum suggests a potential short-term relief, but moving averages paint a different picture.

XRP daily chart. Credit: crypto.news

XRP has consistently traded below its short- and mid-term averages, such as the 10-, 20-, and 50-day SMAs and EMAs, indicating sustained selling pressure. In the longer term, there are indications of support, as the 100- and 200-day moving averages are still in “buy” territory. This suggests that the overall upward trend will continue as long as XRP stays above key long-term support levels.

In a bearish scenario, XRP might retest the lower limit of its seven-day range at $2.86. If it continues to decline, the next support level might be around $2.70. On the other hand, bulls would have to recover the $3.00–$3.10 range to gain traction and try to push toward $3.30 once more.

Source link

August 20, 2025 0 comments