XRP is once again at a turning point after weeks of turbulence that saw it lose its spot as the third-largest cryptocurrency by market capitalization.

Analysts are closely watching whether Ripple’s native token can reclaim bullish momentum, with some pointing to a potential move toward $2.92 as the next key inflection point.

Analysts Split as XRP Tests Support

On August 31, trader CrediBULL Crypto told followers on X that if XRP’s recent lows remain firm, a move toward the $2.92 swing high is plausible. However, this zone is also identified as a likely area for a price rejection. “Clear that, and we have a full-on reversal on our hands,” CrediBULL said.

Hours later, he noted he had exited his position, citing concerns of downside liquidity hunting due to Ethereum weakness. This cautious outlook was reflected in recent trading, as XRP’s value fell to $2.73 on August 30, a low not seen since the start of that month.

Meanwhile, another community figure, CryptoBull, projected a far more ambitious target of $7–$8 on a monthly chart pattern.

These predictions come against a backdrop of mixed developments for XRP. As CryptoPotato recently reported, the XRP Ledger finished Q2 2025 with a record $131.6 million in tokenized real-world assets (RWAs), with contributions from major firms like Guggenheim and Ondo.

Ripple’s RLUSD stablecoin also grew nearly 50% quarter-on-quarter, becoming the network’s largest dollar-pegged asset. However, daily transactions and active addresses fell sharply, reflecting a short-term decline in engagement.

Adding fuel to speculation, former U.S. Senate candidate John E. Deaton has said that ETF inflows could “surprise many” once the SEC approves XRP-based products. With at least 15 active filings, including Amplify ETFs’ application for a Monthly Option Income product, the possibility of fresh institutional exposure has strengthened community optimism.

Market Outlook

XRP has struggled to maintain its footing since peaking at $3.65 on July 18. Data from CoinGecko shows the token changing hands at $2.72 at the time of this writing.

It means the asset is down 4% in the last 24 hours and 9.1% over the week. In that time, XRP has swung between $2.72 and $3.05, underlining persistent volatility.

The monthly picture is also just as weak, with a 9.7% drop. However, the token is still up 386% year-on-year.

And while its 24-hour trading volume remains strong at $4.78 billion, its market cap has slipped to $162.4 billion, placing it behind Tether’s USDT, which recently overtook it for the number 3 spot.

[PRESS RELEASE – Covina, United States, August 1st, 2025]

Within the Ethereum ecosystem, Pepe Dollar ($PEPD) has entered its presale phase. Described as a meme token with integrated utility and cultural references, $PEPD introduces a tokenomics structure intended for long-term application. Certain Ethereum wallet holders have initiated ETH transfers to the presale, indicating early transactional activity.

Overview of $PEPD’s Positioning

Pepe Dollar ($PEPD) enters the market as a parody token referencing central banking themes, aiming to engage users through cultural commentary and decentralized finance (DeFi) mechanisms. Unlike traditional meme tokens, which often adopt simplified or repetitive token structures, $PEPD integrates design elements that combine cultural motifs associated with Pepecoin and components of DeFi architecture.

Comparison to Prior Meme Tokens

Pepe Dollar ($PEPD) enters the Ethereum ecosystem following the emergence of other meme tokens such as Pepecoin ($PEPE), $BONK, $LILPEPE, and $HYPER. The $PEPD model incorporates a tokenomics framework that includes a burn mechanism framed as a commentary on centralization. Its listing on CoinMarketCap has contributed to broader visibility. On-chain data indicates that several large Ethereum wallets have begun transacting with the token during its presale phase.

Pepe Dollar Presale – ETH’s Capital Rotation

Pepe Dollar’s presale architecture and project identity offer a compelling setup:

Presale Fundamentals:

• Current Price: $0.004688
• Tokens Sold: 166,938,905
• Next Presale Price (Stage 2): $0.006495
• Launch Price: $0.03695

Tokenomics and Supply

Pepe Dollar ($PEPD) will have a fixed supply of 3.6951 billion tokens. According to the project, 29% of the total supply is scheduled to be permanently removed at launch through a mechanism termed the “Federal Burn,” which is framed as a symbolic reference to traditional inflationary monetary systems.

Additional details disclosed by the development team include:

• No developer tax mechanisms
• No backdoor unlock functions
• A publicly documented tokenomics model

Ethereum-Native Infrastructure

Pepe Dollar is designed to launch natively on Ethereum and integrate with existing Ethereum-based DeFi tools. The protocol includes functionality to support a meme asset minting platform, enabling users to create, deploy, and govern new assets using $PEPD. The project describes itself as operating at the intersection of cultural commentary and decentralized finance.

Project Links and Official Channels

About Pepe Dollar ($PEPD)

Pepe Dollar ($PEPD) is a decentralized Layer-2 payment infrastructure designed for the meme economy. Positioned as a satirical digital asset, $PEPD offers an alternative approach to traditional financial systems and aims to facilitate value creation within decentralized ecosystems.

Cardano’s ADA

was down 1.71% over the past 24 hours, trading at $0.6229 as of June 14. The asset briefly slipped to $0.6176 before stabilizing, holding its footing despite a sharp wave of selling from large holders.

According to recent market data, whales have offloaded over 270 million ADA —worth roughly $170 million — in a move that has added significant pressure to the token’s price action during a week marked by geopolitical volatility.

Yet, amid the sell-off, the Cardano Foundation unveiled a new product aimed at enterprise adoption. On Thursday, the organization launched Originate, a blockchain-based solution for verifying product origin and authenticity. Designed to help businesses streamline compliance and protect against counterfeits, Originate allows companies to digitize and track critical product data on-chain, enabling instant verification by consumers and regulators.

On its website, the Foundation emphasized that Originate is built to strengthen brand trust in industries where supply chain transparency is critical. By positioning itself as a tool for regulatory compliance and consumer assurance, the product may help bolster Cardano’s reputation in enterprise circles —especially at a time when investors are searching for real-world use cases beyond DeFi and staking.

The announcement comes just days after ADA was added to the Nasdaq Crypto Index, joining Bitcoin and Ethereum. While short-term sentiment remains fragile due to whale behavior and broader risk-off macro trends, Cardano’s expanding institutional profile could provide longer-term support.

Technical Analysis Highlights

• ADA ranged between $0.6176 and $0.6428, closing near $0.6229, a 1.71% daily loss.
• Resistance remains strong near $0.642–$0.645, while price broke below support at $0.636.
• Heaviest volume spikes occurred after 18:00 GMT as price dipped below $0.62, triggering brief sell-off followed by consolidation.
• Trend remains bearish with lower highs forming throughout the day, and rejection at $0.635.
• Price action suggests near-term stabilization, but whales remain dominant in setting market direction

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.