Ripple’s $606M XRP transfer raises eyebrows

XRP shows signs of recovery as Ripple makes the big move.

• The big move. Ripple shifted 200M XRP on Aug. 18 to an unknown wallet.

San Francisco-based blockchain company Ripple has stirred speculations with a mysterious transfer involving millions of XRP. On August 18, on-chain tracking platform Whale Alert spotted a major transfer from Ripple involving 200,000,000 XRP. According to the data provider, Ripple had moved a mega amount of XRP to an unknown address. The transfer was worth over $606 million per XRP’s price at the time the transfer was executed. 

• Market context. Transfer happened during a market-wide downturn.

The massive XRP transfer from Ripple has sparked reactions across the community as the destination of the transferred assets remained anonymous. While market watchers have been closely monitoring on-chain moves like this, they have expressed curiosity as to whether the move could be the firm preparing for institutional deals or probably redistributing its reserves.

• Bullish view. Could signal private accumulation or strategic positioning for XRP adoption.

With the move coming amid a broad crypto market bloodbath, investors fear that the move might be Ripple preparing to dump its holdings ahead of deeper price declines. Following the anonymous nature of Ripple’s giant move on XRP today, the lack of clarity on the destination of the transfer has fueled discussions about whether it could be tied to upcoming private accumulation which may be bullish for XRP’s potential price.

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Shiba Inu price struggles at thin support

Shiba Inu coin holders better buckle up as SHIB price is on verge of adding zero.

• Key support level. $0.0000120 — repeatedly tested, now at risk of breaking.

SHIB is trading at $0.0000126 right now. The only thing holding it back from dropping into new territory is thin support at $0.0000120. SHIB price has been moving in tight waves this summer: a brief 8.9% gain in July, followed by a drop in August. 

Its support line has been tested several times on the daily chart, with each rebound losing strength. If it breaks, the token will reach areas last visited in Q1, when sentiment was far weaker.

• Bigger picture. 2025 marked by persistent monthly losses.

The weekly candles show the difficulty of this year. After the surge in 2024, SHIB failed to keep up. The year started with losses of 10.9% in January, followed by 26.1% in February, and red in March and June. Despite sporadic recoveries, the coin has been dropping for months.

For SHIB, the next few weeks are going to be important. The community needs to find enough buying power to hold steady above support and set up for a late-year push. They did it last November with a 49% rally, after all. If not, the charts are set to lock in the new reality of another zero. 

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Ethereum (ETH) price dip warning

Chris Weston, head of research at Australian trading firm Pepperstone, believes that traders should wait for ETH to regain its momentum.

• Key view. Traders should avoid rushing into dip-buying ETH.

Chris Weston, head of research at Australian trading firm Pepperstone, argues that traders should not rush to buy the Ethereum (ETH) dip. “As we see on the daily [chart], the time for patience on new longs is needed…” Weston said. Momentum buying instead of dip buying The trader has predicted that the price of the flagship altcoin could potentially drop back to the $4,100 level, which is the previous “breakout level.” 

• Market context. ETH fell to $4,233 intraday low.

Weston has opined that it would be more prudent to wait until the dip is bought by others and ETH regains its momentum. Earlier, the price of the leading alternative cryptocurrency plunged to an intraday low of $4,233, which is the lowest level since Aug. 12. That said, the cryptocurrency is still up by nearly 15% this August after surging by as much as 49% in July. 

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Last updated: 

August 7, 2025

Bitcoin is holding at $116,830 as mainstream adoption is taking off in the US. Sheetz, a popular convenience store chain with locations across multiple states, is offering 50% off all purchases between 3 pm and 7 pm when paid with cryptocurrency through Flexa.

The “Crypto Crave & Save” promotion is designed to get people spending real crypto in the real world, with payments converted to fiat instantly to protect merchants from volatility.

It’s spreading. Steak ‘n Shake just reported saving 50% on payment fees by using Bitcoin over credit cards. These are signs that US businesses are starting to view digital assets as not just investments but as functional payment tools.

Regulatory Divergence Between the U.S. and EU

Across the Atlantic, the European Banking Authority has finalized draft rules giving “unbacked” crypto assets like Bitcoin a 1,250% risk weight, meaning EU banks would need €12.5 million in capital for every €1 million in BTC holdings.

While the measure may limit crypto exposure in Europe, it also formalizes Bitcoin’s place in the financial system, a step analysts say could strengthen long-term adoption.

By contrast, U.S. policy is moving in the opposite direction. President Donald Trump announced plans to allow cryptocurrencies in 401(k) retirement plans, opening the door to a $9 trillion market. Ether rose 4% on the news, and crypto-related equities rallied, with Coinbase gaining 3%, Galaxy Digital 6%, and Bitmine Immersion 8%. Galaxy CEO Mike Novogratz called it a “milestone” for integrating digital assets into mainstream finance.

Bitcoin (BTC/USD) Technicals Signal Bullish Continuation

From a charting perspective, Bitcoin remains in a bullish flag pattern that has been consolidating since late July’s high of $123,255. The pattern’s lower bound aligns with an upward trendline from April and the 50-day SMA at $113,154 — a key support confluence that has drawn consistent buying interest.

Momentum is turning positive, with the daily RSI at 54 after bouncing from earlier oversold conditions. Defending the 0.382 Fibonacci retracement at $113,682 has reinforced the case for an upside move. A breakout above $117,350 could open a path back to $123,255, with further targets at $126,981 and $131,574.

If $113,150 fails, however, short-term sentiment may turn cautious, exposing $110,725 and $107,768. Traders eyeing an entry may look for a high-volume move through $117,350 to confirm the breakout.

Bitcoin Price Outlook into Q4

The combination of rising retail adoption, favorable U.S. policy shifts, and a supportive technical structure gives Bitcoin a bullish bias heading into the fourth quarter.

If the bullish flag resolves upward, it could mark the start of a new leg higher, potentially paving the way toward the $250K–$500K price projections some analysts are targeting for 2025.

With institutional and retail demand converging, BTC’s current consolidation may be less a pause than a launchpad.

New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed

Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), built to supercharge the Bitcoin ecosystem with fast, low-cost smart contracts, dApps, and meme coin creation.

By merging Bitcoin’s security with Solana’s performance, it unlocks powerful new use cases – all with seamless BTC bridging.

The project is audited by Consult and built for scalability, simplicity, and trust.

Investor interest is surging, with the presale already surpassing $7.4 million and only a small allocation remaining.

HYPER tokens are currently available at just $0.012765, but that price is set to rise in the next 3 days.

You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.

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Ethereum is showing impressive resilience as it continues to hold above critical levels despite ongoing market volatility. While Bitcoin struggles to break past its all-time highs, ETH remains stable, maintaining bullish structure and fueling hopes for a broader altcoin rally. Analysts across the market are eyeing a potential altseason, with Ethereum expected to lead the charge once it clears major supply zones.

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However, the spotlight is shifting to a less discussed but highly significant chart—ETHBTC. According to top analyst Daan, the ETHBTC pair has been consolidating in a tight range between 0.022 and 0.026 since the last squeeze. This consolidation suggests a period of accumulation and reduced volatility, but it also acts as a crucial signal for altcoin momentum.

If ETHBTC breaks above the 0.026 resistance level, Daan suggests it could trigger a temporary but powerful rally in ALT/BTC pairs. Sectors closely tied to Ethereum—such as DeFi protocols, ETH-based memecoins, and Layer 2 ecosystems—could benefit most from such a move. Until then, investors are closely monitoring ETH’s performance relative to BTC, as it remains one of the most reliable indicators of capital rotation within the crypto market.

ETHBTC Chart Becomes Key to Altseason Outlook

Ethereum is currently trading at a pivotal range, with investors closely watching for a breakout that could lead to new highs and potentially ignite the long-anticipated altseason. Despite global tensions and continued macroeconomic uncertainty—particularly surrounding the aggressive and unstable Bond market—ETH has remained relatively strong. Bulls are optimistic, viewing the current consolidation as a healthy pause before the next leg up.

One of the most important signals for altcoin momentum is not found on the USD chart, but in the ETHBTC pair. Daan points out that Ethereum’s price relative to Bitcoin has been consolidating between the 0.022 and 0.026 BTC range since the recent squeeze. This range now acts as a pressure point for the market. A breakout above 0.026 would likely catalyze a surge in altcoin strength, especially among Ethereum-related assets like DeFi protocols, ETH-based memecoins, and Layer 2 solutions.

However, Daan warns that if ETHBTC drops below 0.0224, it could signal weakness for alts relative to BTC. It’s important to remember that ALT/BTC pairs can fall even if altcoin USD prices rise, particularly during aggressive BTC rallies. The same applies in reverse. For now, ETH’s position in this range remains one of the most telling signs of where the broader crypto market might head next.

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Ethereum Faces Resistance As Bulls Attempt Breakout

Ethereum (ETH) is currently trading around $2,640, showing signs of strength after holding its ground above the $2,500 mark. On the daily chart, ETH is forming a clear consolidation pattern just below a key resistance zone defined by the 200-day moving average (currently at $2,676). This level has repeatedly capped price action over the past few weeks, signaling strong supply pressure in this area.

Despite the lack of a decisive breakout, Ethereum is maintaining a bullish structure with higher lows and consistent volume support. The 34-day EMA has turned upward and currently sits at $2,418, providing dynamic support and reinforcing the short-term uptrend. If ETH can reclaim the 200-day SMA and push above $2,700, a broader rally could follow, potentially opening the path toward $3,000 and beyond.

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On the downside, if price fails to break this resistance and sellers take control, immediate support lies near $2,500, followed by stronger demand around $2,350–$2,400 where the 50- and 100-day SMAs converge. For now, Ethereum remains in a balanced state, showing resilience, but still needs a strong catalyst to overcome the technical ceiling that continues to stall upward momentum.

Featured image from Dall-E, chart from TradingView

Market sentiment shifted as reports emerged that the U.S. might reduce tariffs on Chinese imports, potentially easing global recession fears. This positive sentiment boosted Bitcoin’s appeal as a hedge against economic uncertainty, further supported by a stronger risk appetite among investors.

Key Market Drivers:

• U.S.-China trade optimism
• Strong support at $103,818 (50-day EMA)
• Bullish technical breakout above $105,000

Bitcoin (BTC/USD) Daily Technical Outlook – May 12, 2025

Bitcoin price prediction remains bullish amid BTC recent breakout above $105,000 signals a potential shift in market momentum. The 50-day Exponential Moving Average (EMA) at $103,818 provided strong support during the consolidation phase, reinforcing bullish sentiment as the price held above this critical level.

The breakout now sets the stage for a potential rally toward the next major resistance at $106,750, with a further upside target at $107,300, aligning closely with the psychological $107,000 mark.

The Moving Average Convergence Divergence (MACD) indicator is also turning bullish, with the histogram expanding and the MACD line crossing above the signal line.

This suggests growing buying pressure, reinforcing the breakout. However, traders should watch for a potential pullback if Bitcoin fails to hold above the $105,000 support.

Key Price Levels:

• Immediate Resistance: $106,750
• Next Resistance: $107,300
• Immediate Support: $105,000
• Next Support: $103,818
• Lower Support: $103,080

Market Risks and Potential Pullbacks; Bitcoin Gains

While the breakout above $105,000 is a positive sign, the market remains vulnerable to downside risks. If Bitcoin fails to sustain this momentum, a pullback toward the immediate support at $103,818 is possible.

A breach of this level could expose Bitcoin to a deeper correction toward $103,080, which coincides with a previous support zone and the lower boundary of the recent trading range.

Traders should also keep an eye on the Relative Strength Index (RSI), which is approaching overbought levels, potentially signaling a short-term correction.

BTC Bull Token Crosses $5.58M as Flexible 78% Staking Yield Draws Investors

BTC Bull Token ($BTCBULL) continues to gain traction, crossing $5.58 million in funds raised as it nears its $6.27 million presale cap.

Priced at $0.002505, the token has positioned itself as more than just a meme coin—offering real utility through flexible, high-yield staking.

Utility-Driven Tokenomics Fuel Demand

Unlike typical meme tokens, BTCBULL blends crypto culture appeal with tangible staking rewards. Investors can currently earn an estimated 78% APY while keeping their tokens fully liquid—unstaking is allowed at any time without penalties or lockup periods.

This model has resonated with investors who seek yield without sacrificing access, especially in a volatile crypto environment.

Current Presale Stats:

• USDT Raised: $5,581,603.93 of $6,272,266
• Current Price: $0.002505 per BTCBULL
• Staking Pool Total: 1,342,549,903 BTCBULL
• Estimated Yield: 78% annually

With less than $690K left before the next milestone, the presale window is narrowing fast. For investors chasing high yields with exit flexibility, BTCBULL is becoming an increasingly compelling contender in the 2025 crypto cycle.

The post Bitcoin Price Jumps Above $105K as U.S.-China Trade Hopes Rise – Will It Hold? appeared first on Cryptonews.