12 Aug 2025, 04:14

Ripple-SEC Rally Cools as XRP Drops 2% on Heavy Profit-Taking

Technical Analysis Overview XRP drops 2% in the 24-hour period ending August 12, sliding from $3.19 to $3.14 after touching an intraday peak of $3.32 at 08:00. The move comes after two days of double-digit gains on regulatory clarity, with selling pressure concentrated in the 19:00 hour — a $3.20 to $3.15 drop on 73.87 million volume. Support holds at $3.13 after multiple successful tests, while resistance builds at $3.27, setting a defined near-term range. Final-hour trade sees a bounce from $3.13 to $3.14 on late buying, with volume spikes of 3.21M and 4.45M signaling dip-buying interest. News Background Ripple Labs and the Securities and Exchange Commission have formally ended their nearly five-year legal battle, jointly dismissing appeals in the XRP case. The settlement removes a significant compliance overhang, unlocking greater institutional participation. Daily trading volumes have jumped 208% to $12.4B since the announcement, with open interest also climbing. Despite the legal breakthrough, broader crypto sentiment remains tied to macro factors, including ongoing international trade disputes and shifting monetary policy expectations. Price Action Summary • XRP declines from $3.19 to $3.14 in the August 11 01:00–August 12 00:00 window • Intraday peak of $3.32 at 08:00 meets heavy resistance, triggering selloff • 19:00 hour sees $3.20 to $3.15 drop on 73.87M volume — session’s heaviest print • Support confirmed at $3.13; resistance locked at $3.27 Market Analysis and Economic Factors The pullback reflects natural profit-taking after XRP’s post-settlement rally. Large holders appear to be rebalancing positions while maintaining bids at $3.13-$3.15, indicating no deterioration in longer-term sentiment. Macro uncertainty continues to influence broader flows, though XRP’s regulatory clarity gives it relative insulation versus peers. Technical Indicators Analysis • Support: $3.13 (multiple volume-backed tests) • Resistance: $3.27-$3.32 (repeated rejection) • Intraday range: $0.19 (6% volatility) • Heavy 19:00 volume suggests coordinated institutional selling • Late-session accumulation keeps price above $3.13 What Traders Are Watching • Breakout potential above $3.27 to resume upward momentum • Stability of $3.13 support on further profit-taking waves • Persistence of institutional inflows post-regulatory settlement • Macro spillover effects from trade and monetary policy developments

12 Aug 2025, 04:12

Nasdaq-listed firm slumps 50% on BONK memecoin treasury play

Wellness drinks maker Safety Shot has made a bold shift into a memecoin treasury strategy, but shareholders were not impressed.

12 Aug 2025, 04:09

Metaplanet buys 518 Bitcoin for $61 mln, total stash at 18,113 coins

12 Aug 2025, 04:09

Short-Term Ethereum Holders Increase Profit-Taking: Potential Market Implications and Strategic Responses

Short-term Ethereum holders are increasingly selling their assets to capitalize on recent price increases, which may influence Ethereum’s market dynamics. Increased selling pressure from short-term holders is evident, indicating profit-taking

12 Aug 2025, 04:05

PENGU Poised for Potential Breakout Amid ETF Review and Growing Asian Adoption

PENGU is approaching a breakout from a cup-and-handle pattern, supported by a formal SEC review of an ETF application and strong adoption in Asian markets. PENGU forms a clear cup-and-handle

12 Aug 2025, 04:01

Ethereum Traders Lock in Gains as Price Hovers Near $4,300, But New Rally in Doubt

Ethereum’s recent rally has prompted a wave of profit-taking among short-term holders, as the cryptocurrency continues to hover around the $4,300 mark. On-chain analytics firm Glassnode reported that traders holding Ether for less than 155 days have been cashing out at a faster pace than long-term investors. The firm’s data shows that the seven-day simple moving average of realized profits is approximately $553 million per day, with the majority of those gains coming from short-term holders. “Short-term investors are realizing far more gains, driving the current wave,” Glassnode noted in a post on X. Long-Term Holders Remain Steady While short-term traders appear eager to lock in profits, Glassnode found that long-term holders are taking gains at levels comparable to December 2024. This suggests that seasoned investors are not rushing to exit their positions, despite the recent surge. Profit realization across the market remains roughly 39% lower than the peak levels recorded last month, when Ether traded near $3,500. Price Performance and Market Sentiment Ether has gained 43% over the past month, currently trading around $4,283 according to Nansen. However, it still sits about 12.7% below its all-time high of $4,828, reached in November 2021. Some traders remain cautious about a near-term push toward those highs. Data from CoinGlass indicates that approximately $2.23 billion in positions could face liquidation if the price approaches $4,700. The hesitancy stems in part from earlier struggles this year, when Ether dipped below $2,000 in March and several rally attempts faltered before the latest climb. High-Profile Moves and Key Levels On Saturday, BitMEX co-founder Arthur Hayes revealed he had bought back into Ether, just a week after selling $10.5 million worth when the token traded at $3,507. Since Sunday, Ether has crossed above $4,300 multiple times, only to fall back below. This level has become a focal point for traders watching for signs of a sustained breakout. Institutional Interest and FOMO Risks Institutional activity in Ethereum has been growing, with companies holding a combined 3.04 million ETH in their treasuries — worth about $13 billion. Still, some analysts warn that public announcements of large institutional purchases can spark short-term volatility. Santiment analyst Brian Quinlivan said that such news “can trigger FOMO that may briefly stall or even push Ether’s price down.” The coming weeks will reveal whether Ethereum can maintain momentum or if profit-taking pressure will drive a pullback.