12 Aug 2025, 04:18

XRP Price Flirts With Breakdown—Bulls on the Defensive

XRP price is correcting gains below the $3.25 zone. The price is consolidating and might dip below the $3.080 support zone in the near term. XRP price is struggling to settle above the $3.250 zone. The price is now trading below $3.250 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $3.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.080 zone. XRP Price Approaches Key Support XRP price formed a base above the $2.920 level and started a fresh increase, like Bitcoin and Ethereum . The price gained pace for a move above the $3.20 and $3.25 resistance levels. The bulls pumped the price above the $3.320 level before the bears appeared. A high was formed at $3.380 and the price is now correcting gains. There was a move below the $3.250 level. The price dipped below 23.6% Fib retracement level of the upward move from the $2.90 swing low to the $3.380 high. Besides, there was a break below a key contracting triangle with support at $3.20 on the hourly chart of the XRP/USD pair. The price is now trading below $3.220 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.20 level. The first major resistance is near the $3.220 level. A clear move above the $3.220 resistance might send the price toward the $3.2650 resistance. Any more gains might send the price toward the $3.320 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be near the $3.450 zone. More Losses? If XRP fails to clear the $3.220 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.120 level. The next major support is near the $3.080 level or the 61.8% Fib retracement level of the upward move from the $2.90 swing low to the $3.380 high. If there is a downside break and a close below the $3.080 level, the price might continue to decline toward the $3.020 support. The next major support sits near the $3.00 zone where the bulls might take a stand. 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 – $3.120 and $3.080. Major Resistance Levels – $3.220 and $3.2650.

12 Aug 2025, 04:16

Safety Shot Explores Memecoin Treasury Strategy with Bonk Amid Investor Concerns Over Stock Decline

Safety Shot, a wellness drinks maker, has announced a $25 million investment in the Bonk memecoin, leading to a 50% drop in its stock price. Safety Shot’s stock fell over

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