The daily XRP chart has turned into a clean Elliott Wave case study, according to crypto technician “Charting Guy,” who argues the latest rebound was corrective rather than impulsive and likely precedes a deeper C-wave pullback toward August’s lows. In a post on X, he wrote: “August bounce from $2.72 to $3.38 was a 3 wave corrective move up unlike $OTHERS 5 wave impulsive move up, so I believe it was a B wave & we will likely revisit the August lows in the coming days/weeks for our C wave to end the correction that started late July.” XRP Correction Isn’t Over Yet The annotated chart (XRP/USD) plots a developing five-wave sequence with waves 1 and 2 completed in May and June, a vertical wave 3 peak into mid-July, and an unfolding A-B-C that would finalize wave 4. The A leg knifed off the wave-3 high, a B-wave recovery carried to $3.40, and the projected C leg descends into a Fibonacci cluster that coincides with the August trough. At the time of the snapshot, XRP was quoted around $3.02881 on the daily close, sitting between the 0.786 and 0.888 retracement rails. Fibonacci scaffolding dominates the chart and defines the key levels the analyst is trading against. The retracement and extension ladder is printed as follows: 0 at $1.61184, 0.136 at $1.78405, 0.236 at $1.92231, 0.382 at $2.14363, 0.5 at $2.34100, 0.618 at $2.55653, 0.702 at $2.72195, 0.786 at $2.87293, 0.888 at $3.1273, and 1.000 at $3.4000. Related Reading: XRP Takes On Live TV: Analyst Predicts Surge To $13 If This Happens Above the prior high, the upside extensions that map the prospective wave-5 run are marked at 1.272 ($4.16533), 1.414 ($4.63105) and 1.618 ($5.39272). The B-wave stall unfolded beneath the $3.1273–$3.4000 resistance band (0.888–1.000), reinforcing that region as the ceiling the market must clear to confirm a finished correction. Conversely, the proposed C-wave termination zone is anchored by the 0.786–0.702–0.618 stack at $2.87293 / $2.72195 / $2.55653, with the August pivot specifically highlighted at ~$2.72. A downward-sloping magenta trendline from the wave-3 apex bisects the A-B-C, and the projected path drives price into a labeled “4” before turning sharply higher into a new advance. Related Reading: Market Expert Reveals Why XRP Price At $1,000 Is Not A Possibility The terminal “5” marker is placed almost exactly at the 1.414 extension near $4.63105—consistent with the author’s own wording that this represents a conservative target zone—while the 1.618 print at $5.39272 frames an obvious stretch objective if momentum over-delivers. Addressing community questions about his previous higher target of $8, the analyst replied, “is there anywhere in the post that says no more $8 target?” and, when asked about an extended move in November, he answered “maybe. Maybe.” On positioning, he cautioned that “dips are never guaranteed even if they seem likely,” adding: “hodl imo… use trading options or futures or a trading spot bag to make their short term gains.” The immediate read is unambiguous: unless XRP can reclaim and hold above $3.1273 and then $3.4000, Charting Guy’s roadmap favors a retest of the August floor near $2.72195 to complete wave 4. Only after such a flush—or a decisive invalidation via resistance break—does his schematic open the door to the next impulsive leg targeting $4.16533 to $4.63105, with $5.39272 reserved for an extended fifth in late-September or early-October. At press time, XRP traded at $2.96. Featured image created with DALL.E, chart from TradigView.com
The data showed that Solana could theoretically sustain 80,000–100,000 TPS in real operations like transfers or oracle updates under peak conditions.
An Ethereum ICO-era wallet deposited another $19.9M in ETH to Kraken, bringing seven-day exchange deposits to 9,803 ETH as ether slipped on Monday.
XRP has once again become a lightning rod for debate in the crypto community, this time sparked by a viral post from Riccardo Spagni, the former lead developer of Monero. Spagni revealed that a close friend, long skeptical of crypto, suddenly wanted to buy XRP, convinced that banks will be gone in less than two …
Despite market volatility and evolving investment tools, hodling remains the go-to strategy for Bitcoin believers in 2025.
Bitcoin, the world’s largest cryptocurrency, kicked off the week with a sharp fall to $115,193, down nearly 3% from yesterday’s peak of $118K. But according to well-known crypto analyst Doctor Profit, this drop was no surprise as he had already predicted a short-term drop, and the market was playing out exactly as he forecasted.Now, the …
Crypto traders should be cautious of ether prices dropping below $4,200, which could lead to significant long liquidations and increased market volatility.
After hitting a new all-time high, the bitcoin price has since retraced towards its pre-pump levels from last week, completely erasing its rapid gains. As a result, the bears seem to be reclaiming control once again, with sellers dominating the market. While expectations for another sharp recovery abound, crypto analyst Melikatrader has outlined two possible scenarios for the pioneer cryptocurrency, with both ending in bearish reversals toward established local peaks. Lower Trendline Break Points To Bearish Developments The analysis highlights the two possible directions that the Bitcoin price could be headed in after the fall from its new all-time highs. Both scenarios start out with a bullish push upward, and then a bearish decline. However, with each one, there is a different possible peak before resistance kicks in. Related Reading: Bitcoin And Crypto Market To Crash? Analyst’s August-September Prediction In both cases, the first trigger is the fact that the Bitcoin price had broken out of the lower trendline of the channel. This comes after it had initially broken the ascending channel that it had been trading inside of, with the result being higher highs and higher lows. Thus, the break below the trendline means that bearish pressure is beginning to dominate. With the bearish pressure mounting and sellers taking control, there are now two ways that the price could go. The first of these is that it continues to rally and then gets rejected above the $118,000 level. This is a supply zone, where sellers could unload massive amounts of BTC into the market and beat back the price. In the second scenario, the price does continue to rally even after hitting the first supply zone. This takes it into the next supply zone just below $120,000, which is currently sitting at $19,700. However, the end remains the same as that of the first scenario, where sellers are likely to dump and send the Bitcoin price plummeting again. How Low Can The Bitcoin Price Go? As the analyst highlights, the peak of both scenarios aligns with retracement levels where sellers could be waiting to dump. Given this, they both have a similar bottom after crashing. From here, the downside target for both scenarios is placed at the $115,800 target. Related Reading: XRP Price Could Be Headed To New All-Time Highs Due To These Factors This is because this is where previous demand and support had been during the previous retracement/correction. Given this, it is likely that buyers are likely to step back in at this level, making it a possible bottom and the launch point for the next rally. Featured image from Dall.E, chart from TradingView.com
The global crypto market is under renewed pressure today, with Bitcoin price and Ethereum price both slipping as macroeconomic headwinds return to the spotlight. In the past 24 hours, the total crypto market capitalisation has fallen by nearly $71 billion, dropping to around $3.85 trillion. This latest downturn reflects a combination of tightening U.S. monetary …
Whale wallets continue to accumulate aggressively, with holdings now approaching 100 billion DOGE, but price action shows technical damage that traders will need to monitor closely.
The South Korean government passed laws in 2021 allowing regulators to seize crypto from accused tax delinquents.
Chainlink price has extended its rally, chugging up to $24.88 after adding 2.4% in gains since yesterday and 11.11% over the week. The surge has come into effect as Chainlink partners with Intercontinental Exchange (ICE) to deliver real-time forex and metals data on-chain. This is a major step toward institutional-grade oracle infrastructure. For those curious …
Bitcoin’s role as “digital gold” could come back into play if monetary easing takes hold, one analyst said.
Faraday Future said it plans to initially buy $30 million worth of crypto, with plans for “tens of billions” more, and is exploring the idea of launching a crypto ETF.
This week, global investors eyes are locked on the United States as four major economic events are set to unfold. Starting with the Trump-Zelensky meeting, FOMC minutes, then Initial jobless claims, and lastly Fed Chair Powell’s speech. Their outcomes could have a major impact on the crypto market, with traders watching closely for shifts in …
Dogecoin started a fresh decline below the $0.250 zone against the US Dollar. DOGE is now consolidating and might dip further below $0.2250. DOGE price started a fresh decline below the $0.2420 level. The price is trading below the $0.2320 level and the 100-hourly simple moving average. There was a break below a key rising channel with support at $0.2295 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it stays above the $0.2165 zone. Dogecoin Price Dips Again Dogecoin price started a fresh increase above the $0.240 resistance zone, like Bitcoin and Ethereum. DOGE even spiked above $0.2420 before the bears appeared. A high was formed at $0.2430 and the price started a fresh decline. There was a move below the $0.240 and $0.2350 levels. The price dipped below the 50% Fib retracement level of the upward move from the $0.2163 swing low to the $0.2430 high. Besides, there was a break below a key rising channel with support at $0.2295 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.2320 level and the 100-hourly simple moving average. The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.2163 swing low to the $0.2430 high. If there is a recovery wave, immediate resistance on the upside is near the $0.2295 level. The first major resistance for the bulls could be near the $0.2320 level. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2650 level. The next major stop for the bulls might be $0.2780. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2320 level, it could continue to move down. Initial support on the downside is near the $0.2220 level. The next major support is near the $0.2165 level. The main support sits at $0.2150. If there is a downside break below the $0.2150 support, the price could decline further. In the stated case, the price might decline toward the $0.2050 level or even $0.2020 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2165 and $0.2150. Major Resistance Levels – $0.2320 and $0.2420.
The AI-focused blockchain project Qubic announced the community's intention to target Dogecoin on X.
CoinShares says crypto funds logged $3.75 billion of inflows last week, led by capital waves into ether products as U.S. vehicles captured 99% of flows.
Japan is about to take a major step in digital finance. According to a Nikkei report, the Financial Services Agency (FSA) could approve the country’s first yen-denominated stablecoin as early as this fall. The move reflects Japan’s push to modernize its financial system while keeping tight oversight in place. JPYC Takes the Lead The first …
Metaplanet has made another big move in the crypto space by purchasing 775 more Bitcoin worth $93 million. With this latest addition, the company’s total holdings now stand at 18,888 BTC, valued at approximately $2.18 billion. This steady accumulation highlights Metaplanet’s strong confidence in Bitcoin as a long-term asset. The company continues to strengthen its …
Parag Agrawal, the former Twitter CEO ousted by Elon Musk, has launched an AI startup aimed at driving the next wave of AI agent research.
Thai officials said the country aims to boost tourism by allowing foreign visitors to convert crypto assets into Thai baht for spending.
XRP price is gaining bearish pace below the $3.150 resistance zone. The price is struggling near $3.00 and remains at risk of more losses. XRP price is declining below the $3.20 and $3.150 levels. The price is now trading below $3.120 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.060 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could regain bullish momentum if it clears the $3.10 zone. XRP Price Dips Further XRP price attempted more gains above the $3.250 zone, like Bitcoin and Ethereum. The price failed to extend gains and started a downside correction below the $3.150 level. The pair dipped below the $3.120 and $3.10 support levels. Finally, it tested the $3.00 support zone. A low was formed at $2.971 and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3.350 swing high to the $2.97 low. The price is now trading below $3.050 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.020 level. The first major resistance is near the $3.050 level. There is also a bearish trend line forming with resistance at $3.060 on the hourly chart of the XRP/USD pair. A clear move above the $3.060 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.150 resistance or the 50% Fib retracement level of the downward move from the $3.350 swing high to the $2.97 low. The next major hurdle for the bulls might be near $3.20. More Losses? If XRP fails to clear the $3.050 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.9650 level. The next major support is near the $2.920 level. If there is a downside break and a close below the $2.920 level, the price might continue to decline toward the $2.850 support. The next major support sits near the $2.80 zone, below which there could be a larger decline. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.920 and $2.850. Major Resistance Levels – $3.050 and $3.150.
Solana briefly achieved over 100,000 transactions per second, and a developer said the blockchain could ‘theoretically’ eventually perform at 80,000 TPS.
The country's President Lee Jae Myung has pledged to establish a local currency stablecoin market to strengthen its monetary sovereignty
Ethereum price started a downside correction below the $4,650 zone. ETH is showing some bearish signs and might decline toward the $4,180 support zone. Ethereum started a fresh decline below the $4,650 and $4,620 levels. The price is trading below $4,500 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $4,250 zone in the near term. Ethereum Price Dips Further Ethereum price failed to accelerate higher above the $4,750 zone, like Bitcoin. ETH price reacted to the downside and traded below the $4,650 support zone. The bears were able to push the price below the $4,550 support zone. There was a clear move below the 61.8% Fib retracement level of the upward move from the $4,170 swing low to the $4,782 high. Besides, there is a bearish trend line forming with resistance at $4,520 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,550 and the 100-hourly Simple Moving Average. It is now trading near the 76.4% Fib retracement level of the upward move from the $4,170 swing low to the $4,782 high. On the upside, the price could face resistance near the $4,380 level. The next key resistance is near the $4,440 level. The first major resistance is near the $4,500 level. A clear move above the $4,500 resistance might send the price toward the $4,550 resistance. An upside break above the $4,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,650 resistance zone or even $4,720 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,500 resistance, it could continue to move down. Initial support on the downside is near the $4,240 level. The first major support sits near the $4,200 zone. A clear move below the $4,200 support might push the price toward the $4,180 support. Any more losses might send the price toward the $4,050 support level in the near term. The next key support sits at $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,200 Major Resistance Level – $4,500
The Thai government will allow tourists to exchange crypto for Thai baht and make electronic payments through e-money service providers.
Bitcoin price is trimming gains and trading below $120,000. BTC is now showing some bearish signs and might decline below $115,500 zone. Bitcoin started a downside correction below the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average. There was a break below a key declining channel with support at $116,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $118,500 resistance zone. Bitcoin Price Dips Further Bitcoin price traded to a new all-time high near $124,000 and started a fresh decline. BTC gained bearish momentum and traded below the $120,000 support zone. There was a move below the $118,500 support zone and the 100 hourly Simple moving average. Besides, there was a break below a key declining channel with support at $116,200 on the hourly chart of the BTC/USD pair. The pair tested the $115,800 zone. It is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $124,420 swing high to the $115,800 low. Bitcoin is now trading below $118,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $116,850 level. The first key resistance is near the $118,000 level. The next resistance could be $118,500. A close above the $118,500 resistance might send the price further higher. In the stated case, the price could rise and test the $119,200 resistance level. Any more gains might send the price toward the $120,000 level or the 50% Fib retracement level of the recent decline move from the $124,420 swing high to the $115,800 low. The main target could be $121,500. More Losses In BTC? If Bitcoin fails to rise above the $118,000 resistance zone, it could start a fresh decline. Immediate support is near the $115,800 level. The first major support is near the $115,000 level. The next support is now near the $113,500 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $115,800, followed by $115,000. Major Resistance Levels – $118,000 and $118,500.
XRP is moving in tandem with the broader crypto trend and has managed to hold above the $3 price level. According to a recent technical analysis by popular crypto chartist Egrag Crypto, XRP’s price action is about to enter a critical stage that will push it well above double digits. Its monthly Relative Strength Index (RSI) is currently playing out what he calls the “Cycle of Three,” which projects an incoming explosive phase. Major Pump, Correction, And Blow-Off Top Egrag’s framework is built around a repeating pattern that’s always taking place on XRP’s monthly RSI indicator. According to his analysis, the first stage of the cycle historically delivers a major RSI pump, followed by the second stage, where corrections set in, and then a third stage that has consistently played out as a blow-off top. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results Both Cycle 1 and Cycle 2, which took place during the XRP rallies of 2017 and 2021, respectively, exhibited the same sequence, although with varying levels of intensity. The 2017 rally was much greater than the 2021 rally, which was suppressed by the Ripple lawsuit at the time. As such, the 2021 RSI pattern was much less pronounced, but it followed the same sequence nonetheless. The current setup, which is marked as Cycle 3 in the chart below, has already seen the pump and correction phases completed. What remains, according to the analyst, is the third stage. This is the push to an RSI blow-off top that could send the price of XRP into new territories. Egrag Crypto predicted three possible targets of 80, 87, and an ambitious 97 for XRP’s monthly RSI peak in the current cycle. These numbers are derived from the RSI trajectory observed in the last two cycles and projected onto today’s XRP RSI conditions. Image From X: Egrag Crypto What Does This Mean For XRP’s Price? If XRP’s monthly RSI reaches levels such as 80, 87, or even 97, it would be one of the strongest overbought signals in the asset’s history. The last time XRP’s monthly RSI crossed above 90 was during the 2017 bull run, which saw XRP’s price explode from less than $0.1 to its then all-time high of $3.40. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details In technical terms, an RSI above 70 means that an asset is trading at overheated levels, but in bull markets, these conditions can persist for extended periods during price rallies. For XRP, such elevated RSI readings would likely coincide with new all-time highs that mirror those seen in the 2017 bull run. Realistically, this could see the XRP price break above its newly established all-time high of $3.65 and into $4, $5, and beyond into double digits. XRP RSI reaching above 90 could also serve as a warning that the price may already be at a new multi-year top. At the time of writing, the monthly XRP RSI was at a 73 reading. XRP was trading at $3.12. Featured image from Pexels, chart from TradingView
Charles O. Parks III, who admitted to misusing $3.5 million worth of resources from two cloud computing providers to mine crypto, was sentenced to one year and one day in prison.