Cardano is once again testing the $1.00 barrier, with rising whale accumulation and bullish momentum signaling a potential breakout ahead.

Cardano has made multiple attempts on the $1.00 mark this year, but each time, sellers have managed to push it back down. Now, with renewed buying pressure and whales quietly scooping up millions of tokens, the setup looks different.

Cardano price is trading around $0.85, down -2.31% in the last 24 hours. Source: Brave New Coin

Cardano Back in the Spotlight

Cardano has found its way back into the spotlight, trending on CoinMarketCap as interest steadily picks up across the market. With ADA sitting around the $0.92 zone. Trending momentum like this often signals that liquidity is beginning to cluster, setting the stage for sharper moves once key levels give way.

Cardano holds steady near $0.92 resistance, signaling growing momentum as bulls eye the long-awaited $1 breakout. Source: TapTools via X

From a technical standpoint, ADA is holding its ground within a constructive range where $0.92 acts as the immediate resistance. If bulls can maintain pressure above this zone, the path opens for a retest of $1.00 level which has been restricting bulls for quiet some time.

Bulls Heading for the $1 Mark

Cardano’s intraday chart shows a sharp surge, with price bouncing from the $0.83 zone and reclaiming $0.89 in a single hourly move. This spike in volume, crossing nearly 40M in the highlighted bar, signals renewed demand stepping in after a period of downside drift. Structurally, ADA has now printed a strong reversal candle that shifts short-term momentum back in favor of buyers.

If this strength carries forward, the key battle remains at the $0.92 to $0.94 zone, where previous supply repeatedly stalled upside attempts. A decisive close above here opens the way for ADA to challenge the $1 psychological level, which also aligns with major horizontal resistance.

Whale Accumulation Signals Growing Demand

Fresh on-chain data highlights that whales have scooped up more than 180 million ADA in just the past 48 hours, a sign that larger players are positioning aggressively at current levels. Such accumulation tends to reduce available supply in the market, creating a stronger demand dynamic that often acts as fuel for price expansion when momentum builds.

Whales accumulate over 180M ADA in just two days. Source: Ali Martinez via X

Ali Martinez points out that this scale of buying pressure has historically preceded ADA’s more decisive rallies. With whales absorbing liquidity, retail traders often follow, and the resulting imbalance between shrinking supply and rising demand could provide the catalyst ADA needs to finally break through the difficult $1 ceiling.

ADA Cardano’s Technical Structure Points to Breakout Potential

Cardano’s 4H chart shows price working its way back into the symmetrical triangle it broke down from earlier, a move that has shifted momentum in favor of buyers. Analyst Sssebi notes that the first step is to secure candle closes within this pattern, which would confirm strength returning and set the stage for a broader recovery.

Cardano 4H chart re-enters a key triangle pattern, with analysts eyeing $0.92–$0.96 as the final hurdle before a potential run towards $1. Source: Sssebi via X

ADA must first reclaim the $0.92 to $0.94 band, followed by a test of the $0.96 resistance. If buyers manage to hold above these zones, the triangle’s upper boundary opens the way for a fast run towards the $1 mark.

Cardano Price Prediction $3.60 Target in Sight

Cardano’s daily structure is shaping up against a long-term descending trendline that has repeatedly capped upside moves since late 2023. Analyst Anup Dhungana highlights that ADA is now pressing right into this resistance zone once again, with multiple failed attempts behind it, making this retest more critical than ever. Volume has started to expand on the approach, and RSI momentum is leaning bullish, adding weight to the breakout case if buyers can finally secure a close above the line.

Cardano eyes a critical breakout as analysts project a move toward the $3.00–$3.60 range if ADA secures a decisive close above $1. Source: Anup Dhungana via X

The chart projection suggests that a confirmed breakout could unlock a measured move towards the $3.00 to $3.40 levels. A clean push above $1 would not only flip psychological resistance but also validate the broader bullish structure, positioning ADA for a more extended rally.

Final Thoughts

Cardano’s recent surge in activity feels different from past attempts. With whales aggressively accumulating and technicals pointing toward reclaiming key zones, the setup shows real strength building beneath the surface. The $0.92 to $0.94 resistance remains the short-term hurdle, but if buyers manage to flip it into support, momentum could quickly snowball toward the psychological $1 level, unlocking fresh liquidity for ADA.

Bigger picture, breaking out of the long-standing trendline would be a defining moment. A close above this structure doesn’t just mean Cardano retesting old highs; it signals a shift in narrative with the aim of new all-time highs.

SEC Withdraws Appeal, Ripple Declared Victorious

XRP Price Reaction to the SEC Withdrawal

What This Means for Ripple and the Crypto Market

SOL (Solana) Network Gets Revolutionary Transaction Control

SOL (Solana) Targets Massive $1.4 Trillion Market

Ethereum (ETH-USD) Price Forecast: ETF Flows, Powell’s Signal and Critical Levels Driving ETH Toward $6,000 and Beyond

Ethereum Price Consolidates After ETF Outflows But Long-Term Bullish Case Remains Intact

Ethereum (ETH-USD) has endured a volatile August, with ETF data showing heavy outflows totaling $678 million across three consecutive days, the largest streak since launch. Despite the pressure, major issuers still hold over 6.3 million ETH, equal to nearly 5% of circulating supply and valued just under $26 billion at today’s prices. At the same time, BlackRock alone unloaded over 59.6 million ETH worth $272 million, adding to selling pressure that briefly pulled ETH to $4,100. Yet even as institutions trim exposure, resilience has shown. On August 21, ETFs attracted $287.6 million in net inflows, led by BlackRock’s ETHA with $233.6 million, signaling capital rotation rather than outright abandonment of Ethereum.

ETH Price Action Around $4,200–$4,700 Is Defining Short-Term Direction

ETH is currently trading around $4,331, climbing 0.6% intraday, but still below its rejection zone at $4,700–$4,800, just shy of the $4,891 all-time high. Technicals show the token consolidating near the 20-day EMA, acting as short-term support at $4,100–$4,200. RSI cooled to 54, retreating from earlier overbought readings, giving ETH space to expand in either direction. On the daily chart, the 0.5 Fibonacci retracement at $4,070 provided a strong bounce, but any breakdown exposes deeper zones between $3,660–$3,900. On the upside, clearing $4,400–$4,500 opens the path toward $5,000 and ultimately $5,500–$6,000 if momentum persists.

Powell’s Jackson Hole Speech Sparks Crypto Rally, ETH Leads Gains

Federal Reserve Chair Jerome Powell confirmed that rate cuts are likely before year-end, sparking a broad rally across risk assets. Bitcoin gained 3.5% to $116,493, while Ethereum surged over 12% to $4,749, outpacing major altcoins such as Solana (+8.4%) and XRP (+6.1%). Lower interest rates weaken the dollar and boost appetite for non-yielding assets like crypto, amplifying Ethereum’s move. ETH’s 24-hour trading volume jumped to $53 billion, representing nearly 10% of total circulating supply turnover, underlining the conviction behind the breakout.

Ethereum ETF Flows Show Divergence Between Short-Term Selling and Long-Term Demand

Flows data reveal a complex picture. From August 15 to August 20, Ethereum ETFs suffered $925.7 million in outflows, driving ETH lower from $4,700 to $4,225. Yet inflows resumed quickly, with $288 million added on August 21. Analysts highlight that short-term price action is liquidity-driven, with liquidation heatmaps showing cluster zones at $4,385–$4,410 (short squeeze target) and $4,160–$4,200 (long liquidation magnet). This suggests ETH will continue gravitating between these ranges until a decisive breakout confirms direction.

On-Chain and Technical Structure: Accumulation Amid Volatility

On-chain activity confirms sharp liquidity hunts. During the push to $4,800–$4,900, a cascade of short liquidations fueled the spike before ETH reversed sharply to $4,100, triggering long liquidations. Currently, ETH trades between $4,200–$4,500, forming an inverted head-and-shoulders pattern on the four-hour chart. A clean break above $4,400 validates this structure, signaling renewed bullish momentum. If bulls falter, the untested $3,800–$3,900 liquidity pocket could act as a downside magnet. Meanwhile, average Ethereum network gas fees remain stable around $20, a marked improvement compared to historical spikes, thanks to the Pectra upgrade. This operational stability supports institutional confidence.

Ethereum Price Forecasts: $6,000 Near-Term, $9,000 Medium-Term, $20,000 Long-Term

Forecasts remain optimistic despite volatility. Analysts see ETH retesting $5,000 before year-end, with $6,000 flagged as the next near-term breakout level. Some remain bolder: a widely circulated forecast projects $9,000 in 2025, while former BitMEX CEO Arthur Hayes even suggested ETH could reach $20,000 in the current cycle, citing its growing share of institutional portfolios. Prediction markets mirror this sentiment — Polymarket traders assign an 88% probability that Ethereum will hit $5,000 in 2025.

Ethereum Ecosystem Ripple Effects: Layer Brett, Chainlink, and PEPE

ETH’s momentum continues to lift other projects. Layer Brett (LBRETT), trading at $0.0044 in presale, markets itself as a Layer 2 meme coin with staking yields up to 3,800% APY and promises of a 30x ROI if ETH reaches $9,000. Chainlink (LINK) climbed to $25 (+3.27%), supported by new partnerships with Visa and Fidelity as Ethereum demand ripples into oracles. Meme coin PEPE bounced from 0.00001002 to 0.00001065 (+3.1%), riding Ethereum-driven liquidity flows. This underscores ETH’s role as the tide lifting altcoins across DeFi, oracles, and meme niches.

Market Sentiment and Risks

Despite optimism, risks remain. Ethereum’s RSI shows bearish divergence on the daily chart, a cautionary signal suggesting weakening momentum even as price approaches highs. Institutional sales, like BlackRock’s $272 million disposal, reinforce near-term volatility. Altcoin season enthusiasm has also cooled sharply — Google Trends data shows searches for “altcoin season” plunging 88% since mid-August, in lockstep with ETH’s retreat from $4,700 to $4,100. Ethereum dominance, however, remains firm at 13.5%, while Bitcoin holds around 58%, leaving room for ETH-led rallies once consolidation resolves.

That’s TradignNEWS

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Talk has returned to the Dogecoin network, as the meme coin has gotten a boost. The boost is yet to reflect on the charts, but the Dogecoin price prediction has been altered by analysts.

Dogecoin ETFs have hit the deck already, and some traders are wondering how that affects Remittix. The truth is, it doesn’t. The new PayFi project is climbing to new heights this year, and even DOGE won’t be in its way. 

Dogecoin ETFs: Game-changer For the Dogecoin price prediction?

Dogecoin ETFs already exist in Europe, but the token is yet to get one in the US. And just after institutional accumulation in July, Gray-scale has made a very bold move.

The investment fund manager filed for a Dogecoin spot ETF in Delaware on August 15, marking the first application for a Dogecoin spot ETF in the US. Bitwise and Osprey have followed with filings of their own and we wonder if a DOGE ETF could be on the cards. 

Now, could that bring up the DOGE price? Probably, but it’s almost been a week since the filing and not much has changed on the Dogecoin charts. The token is still in weekly and monthly losses, even with the hype of ETF filings.

So, how about the Dogecoin price prediction? Ali Martinez has indicated that DOGE could get a 30% jump if it can beat resistance at $0.25.

Now, that’s some condition for the Dogecoin price prediction, considering DOGE hasn’t gone above $0.2418 in a week. If anything, Remittix is still in the race for $1 and the PayFi token is not backing down.

In fact, Remittix is edging closer to its ten-cent milestone.

Hold Remittix And Join The Future Of Crypto Finance 

Remittix has plans to change crypto finance and global finance eventually. The project is bringing cryptocurrency and fiat currencies closer, two sectors that have more in common than they know.

But Remittix is doing it with the crypto users in mind. First, there’s a crypto-fiat bridge that will allow users to transfer their crypto assets from their wallets directly into any fiat bank account they want.

The transactions will be fast, secure and cloaked, so no one knows that the funds even came from a crypto blockchain. With features like that, the crypto-fiat bridge is about to be the revolutionary piece that DeFi was waiting for. 

Now, users are eagerly waiting for the Remittix Web3 wallet to launch, as it is in beta testing already. That’s where the crypto-fiat bridge will operate from and the launch will pull crypto folk from all over the market.

But that’s not all there is to Remittix’s race to the dollar mark. 

Join The Remittix Presale Train Today!

RTX coins are moving fast now with each token costing $0.0969. That’s bargain rates, especially when you consider that they could go 100x up when the platform goes live.

Get your RTX tokens today and anticipate the platform launch in no time.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Socials: https://linktr.ee/Remittix

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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The memory of Cardano’s meteoric rise to nearly $3 in 2021 continues to influence investor sentiment today. Many Cardano price prediction models suggest ADA could reclaim that level, buoyed by renewed institutional inflows and protocol advancements.

Yet, 2025 introduces a new challenger, Remittix (RTX). Unlike many altcoins that rely on speculation, RTX is defined by execution, funding, and utility. With a roadmap grounded in adoption rather than hype, investors are weighing whether ADA can repeat its former bull run or if Remittix could emerge as the breakout performer this year.

Cardano Poised for Modest Recovery Toward Its Former Peak

Recent technical analysis shows Cardano holding strong near the $0.87 zone, backed by over $900 million in institutional custody this year alone. This sustained accumulation and market interest feed into projections that ADA could push toward the $1.30 resistance level. If that breaks, longer-range targets between $1.50 and possibly back toward $3, a retest of its 2021 high, are being discussed.

More conservative models estimate Cardano price prediction for year-end to land between $0.94 and $1.38, assuming market conditions hold. These gains capture realistic upside, strong yet contained.

Remittix Builds Momentum with Real Utility and Roadmap Milestones

Remittix diverges from typical crypto narratives by delivering tangible services. The project has sold over 612 million tokens at $0.0969, raised over $20,7 million and secured its first centralized exchange- BitMart listing.

As it approaches a $22 million raise, a second CEX listing is set to be revealed, marking a critical expansion of accessibility. Investors are also focused on the upcoming Q3 wallet beta launch and a $250,000 community giveaway.

Here’s what gives Remittix the edge:

• Direct crypto-to-bank transfers in 30+ countries
• Built for adoption, not speculation
• Audited by CertiK, built with trust and transparency
• Wallet beta launches this quarter (Q3 2025)
• Deflationary tokenomics designed for long-term growth

These features reflect both tangible rollout and strategic readiness for adoption. Its execution-driven approach places Remittix as a utility-first altcoin, designed for global PayFi applications rather than speculation. The strength of Remittix lies in execution and real-world tools.

ADA’s Legacy vs. RTX’s Real-Time Execution

Cardano’s bull run in 2025 is bullish but not optimistic. Momentum’s keen participation could provide a leg up to $1.30–$1.50, a retest of the all-time highs from 2021 if all the pieces are in place. The caveat: the journey is contingent upon macro risk, ETF progress, and long-patience capital.

Remittix, by contrast, is already executing, locking funding, securing listings, launching products and scaling utility. For investors seeking outsized returns grounded in adoption rather than speculation, RTX represents a strong contender to match or surpass ADA’s historical performance in 2025. While Cardano has legacy strength, Remittix is proving that action and delivery may set the pace in the new cycle.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

XRP slipped to $2.80 today, down 1.85% in 24 hours and nearly 25% below its multi-year peak of $3.66. The token has struggled to hold support after hitting a 7-day high of $3.15 and a 30-day peak of $3.45.

While traders brace for further downside, the launch of HashedMining’s cloud-based platform — offering simplified access to Bitcoin, Ethereum, XRP, and stablecoin mining — is giving investors a new way to generate returns outside of price speculation.

Analysts tracking data from Cointelegraph Markets Pro and TradingView noted that XRP is trading below a descending triangle on the daily chart — a classic bearish formation that could push the price toward the $2.40 support zone.

XRP’s recent performance

• 7 days: High $3.15 | Low $2.81
• 30 days: High $3.45 | Low $2.81
• 1 year: High $3.65 | Low $0.4936
• 5 years: High $3.65 | Low $0.1378

Across leading exchanges, XRP was quoted at an average of $2.83 on Bitget, Bybit, and Binance US, and $2.84 on Kraken, showing tight spreads amid consistent downward pressure.

ALSO READ: Crypto Crash Alert: BTC, ETH, XRP slide — will the Fed trigger the next crypto boom?

What’s new with HashedMining’s cloud mining launch?

Amid XRP’s price decline, interest in crypto mining is resurging. HashedMining has introduced a mobile-based cloud mining platform for Bitcoin (BTC), Ethereum (ETH), and XRP, enabling users to mine without managing physical hardware or high energy bills.ALSO READ: Nvidia stocks in focus as Jensen Huang asks suppliers to halt H20 chip work The service offers a simplified four-step process — account registration, mining plan selection, crypto activation, and instant mining — catering to both beginners and seasoned investors.

Key features include:

• Advanced encryption and multi-layered security, with regular third-party audits
• Compliance with KYC, AML, and source-of-funds checks to meet global regulations
• Flexible mining contracts with transparent profit models and customizable returns
• Support for deposits in BTC, ETH, XRP, USDT, and USDC
• Daily rewards, referral bonuses, and easy mobile access

By eliminating the need for hardware installation, maintenance, and energy management, HashedMining aims to make crypto mining accessible while providing a legal, regulated route for investors seeking passive income.

Short-Term Outlook

• XRP is testing key support near $2.80–$2.75; a break below could push it toward $2.40.
• Daily chart shows a descending triangle pattern, indicating possible further downside.
• Market sentiment is cautious as traders react to recent price declines.
• Short-term volatility is likely to continue, with price swings around $2.80–$3.15.
• Investors may consider tactical trading or using cloud mining platforms to offset exposure.

Long-Term Outlook

• XRP remains well below its multi-year high of $3.65, suggesting room for recovery if market conditions improve.
• Institutional adoption and regulatory clarity could drive gradual upward momentum.
• Long-term investors may benefit from dollar-cost averaging during dips.
• Expansion of compliant crypto services, such as HashedMining, could support broader ecosystem growth.
• Overall trend will depend on broader crypto market cycles, global regulatory developments, and adoption by financial institutions.

Why this matters for investors

As XRP faces pressure near key support levels, platforms like HashedMining may appeal to traders looking to diversify beyond mere price speculation. With regulatory oversight increasing and frameworks like the GENIUS Act emerging, compliant cloud mining services could become a vital gateway for new and existing digital asset investors.

FAQs:

What is XRP price outlook now?
XRP price is testing support at $2.80 and may drop toward $2.40 in the short term.

How does HashedMining cloud mining work?
HashedMining cloud mining allows Bitcoin, Ethereum, and XRP mining without hardware using a simple mobile setup.

As market minds dissect every new Solana price prediction, capital is quietly reallocating. While Solana (SOL) still touts high throughput, regulatory inertia, DeFi stagnation, and security hiccups have dulled its shine. 

In contrast, Layer Brett ($LBRETT) launched at a strategic $0.0042 presale entry and is stealing the spotlight with its blend of Ethereum Layer 2 infrastructure, viral meme energy and compelling yield mechanics. Here’s why analysts believe Layer Brett will thoroughly outperform Solana in 2025. 

Why Solana’s edge is eroding

Solana used to be the “fast chain,” but that hype is wearing thin. Regulatory roadblocks like the stalled ETF rollout are choking off serious institutional money, and recent upgrades can’t mask the deeper cracks in the foundation—it’s a lot like window-dressing. Security slip-ups, including a zero-knowledge proof exploit that could’ve minted fake tokens, were quietly patched without much transparency, which could never be a good look for governance. Throw in its long history of chain-freezing outages, a stubborn 20%+ transaction failure rate, and a leadership culture that feels a bit too opaque, and trust starts to evaporate. For capital looking for scalable, dependable upside, SOL is starting to feel like exit liquidity rather than the next rocket.

Why the Layer Brett crypto presale is the smart money play

Layer Brett is drumming up serious traction with its unique combination of viral meme appeal and its Ethereum Layer 2 utility. Built to scale on the world’s leading smart contract platform, Layer Brett offers up to a massive 20,000% staking APY for early adopters, ultra-low platform fees, Web3 focused engagement via gamification, NFTs, and decentralized governance, and $LBRETT supply capped at a fixed 10B token supply, with no stealth supply dilution to boot. 

Coupled with its low-cap blue chip presale status, and it’s easy to see why Layer Brett is expected to run circles around even the most bullish Solana price prediction estimates for 2025 and beyond.

Head to head: Solana vs. Layer Brett

Mature assets like Solana now behave like late-cycle value plays; steady but capped. $LBRETT, meanwhile, offers the high-conviction upside typical of growth equities in emerging verticals, much like Solana once did when it first came out. 

At this point in time, what sets Layer Brett apart is cultural jiu-jitsu—melding meme narrative with infrastructure effectiveness. Unlike Solana’s stagnating projects, $LBRETT pairs virality with yield mechanics, staking frameworks, and tech fundamentals that can withstand cycles, not just pump phases.

Solana unlikely to match Layer Brett in terms of 2025 growth trajectory

Forget the overly optimistic Solana price predictions. Even if SOL goes on an Ethereum-style rally, its upside is capped by its bloated market cap, regulatory drag, and lingering trust issues. 

The real parabolic play is $LBRETT. Still available at just $0.0042, early adopters aren’t chasing scraps and hoping against hope for a parabolic run—they’re at pole position for gains. Layer Brett could be the low-cap rocket SOL holders wish they’d caught before liftoff. 

This is your invite to the launchpad. The presale is active. Staking mechanics are live. Retail and degen conviction is gaining traction. Are you going to be on the ground floor or are you going to be sidelined again for the moonshot?

Ultimately, Layer Brett isn’t just another meme story. It’s Ethereum core infrastructure capital wrapped in meme culture, engineering narrative velocity that legacy Layer 1s can no longer command.

Don’t miss the chance to get in early on a project where meme meets mechanism and where the next 100x meme coin could be born.

Website: https://layerbrett.com

Telegram: https://t.me/layerbrett

X: (1) Layer Brett (@LayerBrett) / X

News.Az 

TLDR

• XRP’s TD Sequential indicator has flipped to “buy” at $2.86, suggesting selling pressure may be ending
• The token is currently trading at $2.88, testing critical support near the .618 Fibonacci retracement level
• Technical analysis shows bearish momentum with RSI at 42 and price below the 9-day DEMA
• Elliott Wave analysis points to potential bullish reversal if current support holds
• Key resistance levels identified at $2.93, $3.08, and $3.41 for any upward movement

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XRP is trading at $2.88 after finding support near the $2.86 level where a key technical indicator has shifted. The TD Sequential indicator, which previously called XRP’s recent peak, has now generated a buy signal.

$XRP looks ready to rebound as the TD Sequential prints a buy on the hourly chart! pic.twitter.com/jTNQZzU8EX

— Ali (@ali_charts) August 21, 2025

This development comes as XRP tests important technical levels. The token has been bouncing between $2.82 and $2.88 throughout recent trading sessions.

The current price action shows XRP pressing against the lower Bollinger Band around $2.78. This area has provided support during the recent decline.

Technical indicators present a mixed picture for XRP. The RSI sits at 42, indicating bearish sentiment. The MACD histogram shows deeper negative readings.

XRP is trading below its 9-day DEMA, which has shifted to act as resistance. The 20-day SMA at $3.08 represents the mean-reversion target if buyers return.

Support and Resistance Levels

The $2.88 level aligns with a .618 Fibonacci retracement according to Elliott Wave analysis. This technical confluence makes the area particularly important for determining XRP’s next direction.

If the current support fails, the next areas to watch are between $2.72 and $2.70. A deeper correction could extend to $2.62.

On the upside, XRP faces immediate resistance at $2.93. This level previously served as support but has now flipped to resistance.

The $3.08 level represents the next major hurdle. This coincides with the 20-day moving average where supply is expected.

Beyond that, resistance appears at $3.20-$3.22. The upper Bollinger Band at $3.38 serves as a longer-term target.

XRP Price Prediction

Market analyst CasiTrades has identified the current support area as a textbook subwave 2 target in an Elliott Wave pattern. This analysis suggests XRP could be setting up for subwave 3, typically the strongest part of an impulse move.

🚀XRP Golden Retracement Is Holding. Targeting $3.41 Resistance! 🚀

I’m leaning bullish here. The structure is starting to look really interesting… $XRP reaching its .618 retracement ($2.88), which lines up as the textbook subwave 2 target in Elliott Wave Theory. This is the… pic.twitter.com/kWV72IhE40

— CasiTrades 🔥 (@CasiTrades) August 21, 2025

The Elliott Wave view projects resistance at $3.41 as the next target. The analysis also highlights $3.21 as a critical marker for momentum continuation.

A break above $3.21 could lead to a backtest before resumption of the upward move. This scenario would favor a rally beyond the current trading range.

The pattern suggests potential for new highs if the current support structure holds. However, this depends on XRP maintaining its position above the $2.88 support zone.

Current price action shows XRP “walking the band” along the lower Bollinger Band. This type of movement typically indicates trend continuation rather than sharp reversals.

For bulls to take control, XRP needs a daily close above $2.93. This would reduce bearish pressure and shift sentiment toward neutral or bullish territory.

The token’s ability to hold above $2.88 will determine whether the TD Sequential buy signal proves accurate. A break below this level would invalidate the bullish technical setup.

XRP continues to test the $2.88 support level as traders watch for confirmation of the potential reversal signal.

• XRP noted a 3% loss on Thursday as investors realized over $300 million in profit within the past 24 hours.
• The rise in profit-taking comes after the FOMC minutes show policymakers are concerned about rising inflation.
• XRP could bounce again at the $2.78 support after seeing a rejection at the $3 psychological level.

XRP fell 3% to $2.85 on Thursday as investors booked over $300 million in profits following hawkish Federal Open Market Committee (FOMC) minutes from its July meeting.

XRP bows to $300 million profit-taking pressure

XRP saw an uptick in profit-taking activity over the past 24 hours as a brief recovery in the market was dented by hawkish FOMC minutes.

The remittance-based token tagged $3 on Wednesday but quickly retraced as policymakers signaled a preference for inflation data in establishing interest rates. With inflation coming in hotter-than-expected last week, the minutes have fueled concerns that the Fed may hold rates steady in its September meeting.

As a result, risk-off sentiments continue to rock the crypto market. Notably, XRP investors have realized over $300 million in profits since Wednesday, per Santiment data. The selling activity came from both long-term and short-term holders, as evidenced in the chart below.

XRP Network Realized Profit/Loss & Dormant Circulation. Source: Santiment

XRP exchange flow data from Coinglass aligns with the profit-taking activity as net inflows rose to $76.8 million — its highest level since July 19, after XRP hit a new all-time high the prior day. An increase in exchange net inflows signifies rising selling activity and vice versa for net outflows.

With more than 90% of supply in profits, the selling trend is expected to continue if Fed Chair Jerome Powell’s speech at Jackson Hole on Friday comes with a hawkish undertone.

However, XRP’s futures market remains fairly calm compared to the recent rising activity seen in its spot counterpart. Open interest, which represents the total worth of positions held by traders, declined by only 100 million XRP over the past week. This suggests that, while slightly tilted toward the downside, the remittance-based token isn’t primarily leverage-driven.

XRP faces rejection at $3.00, eyes $2.78 support

After declining below the lower boundary of a symmetrical triangle and the 50-day Simple Moving Average (SMA) earlier in the week, XRP bounced near the $2.78 support and attempted to reclaim the $3 psychological level. However, it saw a rejection on Friday, registering a 3% decline in the process.

XRP/USDT daily chart

On the downside, the remittance-based token could find support near $2.78. A failure to hold this level could see its price decline toward the $2.60 level, which is strengthened by the 100-day SMA.

On the upside, XRP has to reclaim the $3 level and break above a descending trendline to test the resistance at $3.39 before it can stage a move toward its all-time high resistance.

The Relative Strength Index (RSI) is below its neutral level while the Stochastic Oscillator (Stoch) has crossed into its oversold region, indicating a dominant bearish momentum.

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