XRP has finally broken above a major resistance zone, igniting fresh bullish momentum across the market.

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After weeks of consolidation, the token closed above the $3.03–$3.08 range, a level that had capped gains for months. This decisive breakout has shifted sentiment, with traders now eyeing higher targets as momentum indicators flash green.

XRP Market Performance Analysis

The XRP Technical charts confirm the bullish setup. The Relative Strength Index (RSI) has crossed into favorable territory, hovering around 58, a level that historically precedes strong rallies.

Volume has also spiked, reflecting growing buyer confidence. Analysts say this confluence of price action and momentum signals could pave the way for XRP’s next big move.

Immediate resistance sits at $3.30, with further upside targets at $3.65 and $4.20. On the downside, support is clustered between $2.72 and $3.00, levels bulls must defend to keep the trend intact.

XRP's price trends to the upside, but records a decline on short timeframes. Source: XRPUSD on Tradingview

ETF Speculation Adds Fuel, But Doubts Remain

Adding to the buzz is renewed speculation around a potential XRP ETF. Supporters argue that Ripple’s partial legal clarity and XRP’s utility in cross-border payments make it a prime ETF candidate. An approval, they say, could unlock institutional inflows and trigger a powerful demand surge.

However, skeptics caution that XRP’s regulatory status remains murky in several jurisdictions. Unlike Bitcoin and Ethereum, XRP’s classification is still contested, raising doubts over whether an ETF is likely in the near future.

Even if approval comes, some analysts argue that XRP’s utility-focused design may limit its appeal as a traditional investment vehicle. For now, ETF chatter remains speculative, but it has injected optimism into the XRP community as the token tests key levels.

Whale Selling and Short-Term Pullbacks

Despite the bullish setup, on-chain data shows that whales have offloaded over 160 million XRP in recent weeks. Historically, such large-scale selling reflects profit-taking and risk management by institutional players. Yet, XRP’s ability to stabilize around $3 despite this pressure signals strong retail demand.

Short-term pullbacks have also been noted, with traders highlighting key support between $2.87 and $2.95. Analysts suggest these dips could provide entry points for bulls aiming for the next breakout above $3.30.

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Overall, XRP’s resilience, improving technicals, and growing adoption narratives suggest the token is gearing up for its comeback. The coming days will determine whether bulls have the strength to extend this breakout into a sustained rally.

Cover image from ChatGPT, XRPUSD chart from Tradingview

Bitcoin (BTC) trades in a precarious position near $112,000, caught between key technical levels that could determine its next major directional move following a pullback from the $124,000 all-time high reached two weeks ago.

According to an Aug. 27 report by Glassnode, BTC faces immediate resistance at $113,700, which aligns with the three-month cost basis of recent investors.

Potential sell pressure

Any bounce attempt will likely encounter selling pressure from short-term holders seeking breakeven exits after being pushed into unrealized losses. The one-month cost basis sits higher at $115,600, creating an additional resistance layer that could cap recovery attempts.

More concerning for bulls, the critical support level rests at $107,000, representing the six-month cost basis threshold. As of press time, Bitcoin is priced at $112,206.57.

A sustained breakdown below this zone risks triggering fear among newer market participants and could accelerate downside momentum toward the $95,000-$93,000 region, where historical analysis suggests potential bottom formation.

The Cost Basis Distribution Heatmap reveals a thick cluster of supply between $93,000 and $110,000 that has been forming since December 2024. This accumulation zone has provided resilience above $110,000 but also represents the logical target area should selling pressure intensify.

Statistical analysis of four-year bands indicates prior bearish drawdowns typically found lows around one standard deviation beneath short-term holders’ cost basis, supporting the $95,100 projection.

Investors show indecision

The current market structure indicates that Bitcoin has experienced an 11.4% drawdown from its peak, which remains modest compared to historical mid-cycle corrections that typically exceed 25%.

The Relative Unrealized Loss stands at just 0.5%, far below the 30% levels typically associated with deep bear phases. This metric suggests that the broader market has yet to experience severe stress.

However, sentiment indicators point to mounting pressure. The Spent Output Profit Ratio hovers near neutral at 1.0, indicating that investors are neither realizing significant gains nor losses.

Perpetual futures markets have shifted decidedly bearish since July, with Cumulative Volume Delta showing sustained sell pressure across major exchanges, including Binance and Bybit.

Spot market sentiment has shifted from the strong buying pressure observed in April, which fueled the rebound from $72,000. Funding rates remain near 0.01% across exchanges, indicating a fragile equilibrium where even modest sell pressure could quickly shift sentiment bearish.

Bitcoin’s technical setup presents a binary outcome. Any relief rally faces formidable resistance at $113,700, while losing the $107,000 support opens the door to accelerated declines targeting the $95,000-$93,000 zone where substantial supply clusters await.

Mentioned in this article

On-Chain Data Shows ETH Long-Term Bullish, Short-Term Vulnerable

In a QuickTake post on CryptoQuant, CryptoOnChain shares insights on Ethereum’s future price movement based on recent exchange activity. The digital asset analyst notes that after rallying from the $2,400 zone, ETH has climbed to around $4,215, just shy of the strong $4,400 resistance level that has historically acted as a significant supply barrier. While momentum indicators such as the MACD and buying volume remain positive, the approach toward this resistance is accompanied by potential for near-term selling pressure.

Meanwhile, CryptoOnChain also reveals that on-chain exchange metrics reveal a divergence between broader market behavior and activity specific to Binance. Notably, Ethereum’s Exchange Supply Ratio (ESR) across all exchanges has recorded a steady decline since 2022, now standing at approximately 0.16. This development suggests that investors are steadily moving ETH off trading platforms, thereby reducing sell-side liquidity and strengthening the market confidence in the asset’s long-term price outlook.

However, Binance’s ESR has been climbing since early 2025, now hovering near 0.04. This localized increase indicates that some ETH holders are moving coins back into Binance, potentially for short-term profit taking, arbitrage opportunities, or to participate in exchange-specific programs. Adding to the cautious tone, Binance’s exchange netflow has recently seen a notable surge in positive inflows, as Ethereum nears key resistance at $4,400, signifying potential intent to sell.

The combination of these metrics paints a picture of long-term strength but short-term vulnerability for the Ethereum market. From a macro standpoint, the ongoing decline in the all-exchange ESR points to a healthier supply-demand balance for ETH. However, the localized buildup of ETH on Binance, which is the world’s largest exchange, coupled with heightened net inflows, suggests that sellers may be preparing to take profits in the immediate term.

Ethereum Price Forecast

At press time, Ethereum trades at $4,230, reflecting a 4.62% gain in the last day. However, the asset’s daily trading volume has declined by 12.08%.  Considering the current ESR report, CryptoOnChain outlines two scenarios.

In a bullish scenario, a swift drop in Binance net inflows or a leveling off in the exchange’s ESR could open the door for ETH to push decisively past the $4,400 mark, with $4,800 as the next price target amidst the possibility of revisiting all-time highs. Conversely, if strong inflows into Binance persist and the price fails to clear $4,400, ETH could face a short-term pullback, potentially retracing to the $3,950–$4,000 support zone before mounting another breakout attempt.

BONK, a Solana-based memecoin, advanced 1.7% in the last 24 hours to $0.00002626.

The token traded within a 4% range, with a high of $0.00002645 and a low of $0.00002485, producing a $0.00000160 spread, according to CoinDesk Research’s technical analysis data model.

The price rebounded from the low at 16:00 UTC on Aug. 7, moving toward the peak during the European morning on Friday. This recovery phase saw total volume surge above 1.09 trillion tokens, greater than the daily average. However, momentum stalled at $0.00002640, where repeated sell orders capped upward moves.

BONK subsequently held above $0.00002600 despite brief dips. A volume spike of 48.86 billion tokens at 12:07 UTC coincided with a failed breakout attempt past $0.00002615, reinforcing the established resistance zone. BONK may have consolidated below $0.00002630 for now, leaving traders focused on whether the token can break higher or face renewed selling pressure.

Market sentiment across memecoins remains cautious amid broader crypto volatility. Institutional flows have shown signs of rotation into more established assets, but BONK’s sustained support at $0.00002550-$0.00002600 suggests buyers remain active.

Technical Analysis

• Trading range of 4% spanned $0.00002485 to $0.00002645.
• Resistance confirmed multiple times at $0.00002640.
• Support zone established at $0.00002550–$0.00002600.
• Volume spike of 1.09 trillion tokens during rally phase.
• Failed breakout at $0.00002615 led to pullback.
• Elevated liquidity observed in the $0.00002580–$0.00002610 band.
• Intraday volatility produced several lower highs after peak.

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.

Bitcoin Is Currently Trading Between These Two STH Pricing Bands

In its latest weekly report, the on-chain analytics firm Glassnode has discussed the Short-Term Holder (STH) Cost Basis and some pricing bands derived from it.

This indicator measures, as its name suggests, the cost basis or acquisition level of the average investor part of the STH cohort. Formally, STHs are defined as investors who have been holding their coins for less than 155 days.

This group is made up of the new entrants in the network and high-frequency traders. In other words, it represents the low-conviction side of the market. A cohort called the long-term holder (LTH) group (holding time greater than 155 days) corresponds to BTC’s HODLers.

When the price of the cryptocurrency is trading above the STH Cost Basis, it means the STH cohort as a whole is in a state of net unrealized profit. On the other hand, the asset’s value being under the metric suggests the dominance of loss among the cohort.

Historically, the STH Cost Basis has served as an important boundary between local bullish and bearish trends. Below is the chart shared by the analytics firm that shows which side of it the asset is trading right now.

As displayed in the graph, the Bitcoin price broke through the STH Cost Basis earlier in the year and has since gained a notable amount of distance over it. At the current metric value of $105,400 and the latest BTC price, the STHs are sitting on a net gain of 11.5%. “To add statistical context, we can apply standard deviation bands around the STH cost basis,” explains the report. “These dynamic price zones help identify areas of trend exhaustion or breakout potential.”

From the chart, it’s visible that BTC has found resistance at the +1 standard deviation (SD) band multiple times this cycle, with two rejections coming in the bullish push of the last few months alone.

At present, this level lies at $125,100. “From a broader perspective, this suggests that Bitcoin may remain range-bound between $105K and $125K until a decisive breakout occurs,” notes Glassnode.

What will happen once a breakout does occur? According to the analytics firm, the +2 SD level situated at $141,600 could become the next major area of resistance instead. At this level, STH profits would have ballooned significantly, raising the chances of mass selling occurring with the motive of profit-taking.

BTC Price

Bitcoin has continued to consolidate inside its range recently as its price is still trading around $117,600.

Despite the similarity of Bitcoin’s prices to several new, ever-high bull markets, Ethereum prices continue to clash with great resistance in a campaign for new highs. The latest is pushing back resistance at $3,800. This is perfectly in line with the four-year resistance line, which keeps Altcoin from hitting its new all-time highs. But this could be a breakout chart as Ethereum prepares for another retest.

Ethereum is on the verge of breakout

Crypto analyst MMCRYPTO highlighted the potential breakout for Ethereum Price Chart after AltCoin returned to the four-year resistance trend line. This trendline began in 2021 when Ethereum prices always hit a high of $4,800. Since then, it has become a resistant trend line to bring together new highs at ETH prices.

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Over the past four years, this resistance trend line has been held firmly, lowering the price of Ethereum from the $4,000 level. This has hampered the rally to $4,800, further distant from the expected $5,000 target push. But now there may be another opportunity for Ethereum to turn the tide and completely break this resistance.

Currently, ETH prices are still below $4,000, suggesting that the bears still hold the resistance line. This price trading below resistance has led to Mmcrypto noting that ETH has suffered a decline in performance for four years. With this in mind, many investors have either lost money or haven’t seen profits from their investments.

The main target today is the breakdown of resistance. Crypto analysts explain that when this happens, Ethereum prices can be seen here as a monumental pump. He explains that the pump will be promoted by investors who have not yet realized the benefits of ETH holdings over the past four years.

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In the hopes of breaking the resistance trend line, analysts urge investors to be patient. He points out that once the pump starts, a patient person will become the one who will benefit from this ETH price action.

Plus, it’s not just the only Altcoin that benefits from the pump. Previous Altcoin season has been driven by Ethereum price movements, and if ETH can hit an all-time high, the Altcoin market is expected to follow. “If an Ethereum pump occurs, it will have a wide impact on the entire crypto space and take many altcoins! Get ready and prepare,” the analyst said at the end.

Featured Images of Dall.E, Charts on tradingView.com

Over the past few weeks, XRP has been on a wild ride, rising from below $2.30 to highs above $3.50. A double top, a well-known bearish chart pattern, could form, but the asset’s recent momentum might be hiding this new technical risk. Based on the current price structure, XRP is making a comeback after a steep decline, after its initial breakout near the $3.50 region. 

The bulls’ continued activity is indicated by the encouraging recovery above $3.20. The catch is that if the price bounces back to the $3.50 region and does not sustain a break, it could print a second peak, the second top of the double top, which could signal a short- or medium-term reversal. 

Also contributing to the worry is the Relative Strength Index (RSI), which is once again getting close to 75. Bullish strength can be indicated by a strong RSI, but the likelihood of exhaustion is increased when high levels are retested without a fresh breakout. Another important element here is volume. 

Despite strong buying support during the rally toward $3.50, the recent ascent has been on somewhat lower volume, which may indicate waning interest. The formation of lower highs and indications of distribution should be closely monitored by traders if XRP does return to $3.50 and stalls or reverses from that level. 

The double top would be confirmed if there were a confirmed break below the neckline between $3.00 and $3.10, which could push XRP back toward support close to the 50-day EMA at $2.60 or even lower.

Ethereum stays up

Ethereum does not appear to be slowing down. Since emerging from its months-long consolidation range in early July, the second-largest cryptocurrency by market capitalization has been riding a relentless bullish wave. With its current price of $3,888, ETH has increased by more than 40% in recent weeks, and the bulls continue to have the upper hand. 

The breakout was flawless: Ethereum moved immediately and with high volume past its prior resistance level of $2,900. The 50-day EMA and that level now serve as a strong support zone. Regaining the 200-day EMA and making a strong move above the $3,300-$3,500 range, which confirmed the trend reversal and attracted aggressive buyers, further increased momentum. 

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The absence of significant drawbacks is the true clutch here. Each consolidation is brief and superficial, indicating high levels of demand. The RSI has reached overbought territory at 82, but historically, ETH can remain extended for a considerable amount of time before a significant correction occurs in strong uptrends like this one.

Psychological resistance is looming close to $4,000, which many traders may consider a short-term target. FOMO-driven inflows would probably be triggered by a clear break above it, which might push Ethereum closer to the $4,400 range, the last local peak observed in late 2021.

Watch the $3,300-$3,500 range as the immediate support on the downside. Buyers will probably intervene at those levels, which also coincide with important moving averages if ETH declines. It appears that Ethereum’s rally will continue unless a macro-level catalyst steps in. Strong momentum encouraging volume and an unquestionably bullish market structure are all present. As of right now, there are no warning signs — just a steady upward trend from a reputable cryptocurrency asset.

Bitcoin’s main target

Bitcoin has formally established $120,000 as a distinct resistance level. Following weeks of consistent rising and numerous retests, the digital gold is still being rejected around this technical and psychological ceiling, creating what seems to be a standard horizontal resistance zone.

In recent weeks price action has shown both growing exhaustion and bullish intent. BTC has failed to close above $120,000 decisively despite several intraday breakouts above that level, indicating the existence of significant sell pressure or profit-taking activity. The comparatively low volume during these attempts raises the possibility that the bulls are running out of immediate fuel to push higher without consolidation.

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It is not necessarily bearish to look at the current consolidation that is just below resistance. Indicators such as the RSI, which is currently at a neutral 61, can be reset by the market as a result of this healthy pause following a robust uptrend. There is still momentum, and moving averages, particularly the 50 and 100-day EMAs, keep sloping upward, providing strong support zones at $115,000 and $111,000, respectively.

If, on the other hand, the market is unable to make a breakthrough, it may retrace further toward the $111,000-$108,000 support band. For the most part, Bitcoin is still structurally bullish. Stronger confirmation is necessary to maintain the rally though — particularly a convincing breakout above $120,000 with supportive volume. 

Solana (SOL) has recorded a significant rally over the past week, reclaiming the $160 area and attempting to hold its last major resistance. Some analysts suggest that if bullish momentum continues, the altcoin will run to new highs once this level is recovered.

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Solana Attempts $180 Reclaim

As the crypto market capitalization nears the $4 trillion mark and Bitcoin (BTC) makes new all-time highs (ATHs), Solana, one of the leading altcoins of this cycle, is retesting crucial levels after climbing nearly 10% over the past week.

The cryptocurrency has been compressing between two key levels since the Q2 recovery, trading between the $140-$180 mark for over two months. However, last month’s geopolitical tensions saw SOL briefly lose its local range and retest the $120-$130 area.

Amid the July rally, Solana has reclaimed its local range, climbing to the upper boundary and attempting to break above key $180 resistance. Analyst Crypto Jelle noted that, just like Ethereum’s (ETH) $4,000 barrier, this area is the “final major level for bears to defend.”

This has been a key level during this cycle, serving as a major bounce area during the Q4 2024 and early 2025 rally. Additionally, it became the most crucial resistance after losing this area in late February, with multiple failed attempts to reclaim it over the past months.

Reclaiming this level could propel the token to the $200 mark and set the stage for a continuation to higher levels, the analyst affirmed. Meanwhile, market watcher Froggy highlighted that Solana retested this key zone on Friday, “signaling strong bullish intent.”

Nonetheless, the altcoin fell below this level after hitting its two-month high of $184, trading within the $177-179 price range for the past several hours. To the analyst, “as long as $168 holds, a move toward $186–$188 remains likely.”

SOL Preparing For Price Discovery?

According to Daan Crypto Trades, if SOL breaks above and holds the crucial level, the next area of interest would be around the $220 mark, followed by the $260 barrier.

The trader explained that SOL reclaimed the Daily 200 Moving Average (MA) and Exponential Moving Average (EMA) earlier this week, which led to the ongoing retest of the $180 area.

He also noted that memecoins are “running well” as SOL-based tokens in the sector have seen a 13.3% weekly increase, according to CoinGecko data. “That generally puts some bid behind SOL,” Daan said, adding that, “As long as memes run, I think SOL does too.”

Meanwhile, crypto analyst Alex Clay highlighted that the cryptocurrency has been in a bullish megaphone formation for over a year, and “Once Large Caps catch the Real Bull Run,” Solana will lead the market.

During this period, SOL has traded between the upper and the lower boundary, with its latest retest of the pattern’s support occurring in April. Since then, the cryptocurrency has bounced toward the mid-zone of the formation, holding the 50-day EMA, 100-day EMA, and 200-day EMA as dynamic support.

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If it continues to move between the pattern’s boundaries, Solana could be poised for a breakout toward the megaphone’s ascending resistance, at around the $350 level. To the analyst, “Breakout of ATH and Price Discovery is inevitable,” with the initial targets sitting around $350-$400.

As of this writing, SOL trades at $177, a 2% increase in the daily timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com

Saucerswap Sauce Crypto jumped 70% in July 2025, defeating the key resistance for $0.43 in the Nvidia-Hedera deal. Defi TVL’s rise and buyback programme is driving demand.

Saucerswap, Hedera’s distributed exchange (DEX), topped the charts after surges by 30% over the weekend and riding high waves on daily charts.

As a source of governance tokens, Defillama data shows that total resistance in the locked (TVL) has risen at about $0.43, which is why it is so high.

By July 14, 2025, Saucerswap’s assets under management had reached nearly $70 million, further increasing its 2025 revenue.

(Source: Defilama’s Saucerswap TVL))

Source Cryptography will increase by 70% in July 2025

On the daily charts, Source (no data) Crypto is in a bullish breakout formation, and prices could continue to rise.

The recent surge has shown strong traders’ interest, accompanied by an increase in trading volume.

In July 2025 alone, sources were on the upward trend, increasing by more than 65% as buyers intervened, pushing tokens beyond their second quarter 2025 high.

The next viable target for optimistic traders is about $0.165, a 2024 high.

However, in order to retest this level, Saucerswap must control Dex’s trading; The best cipher to buyYou need to extend your profits and clear major resistance levels, including Solana and Ethereum.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

Saucerswap tvl Rising

In the short to medium term, Saucerswap was able to see more inflows, further increasing revenue and fees. As of July 14, 2025, Defi TVL totaled over $127 million.

Most defi activity occurs in Ethereum, but Hedera lists profits. All Defi protocols on the platform manage nearly $120 million. This has been rising sharply since early July when TVL totaled just $73 million.

While Stader, a liquid staking platform, is the largest on TVL, Saucerswap controls Dex trading on Hedera.

(Source: Defilama))

Last month alone, Saucerswap Total TVL has risen by nearly 50%, reflecting a surge in token prices over the same period.

In line with rapid expansion above major resistance levels over the past two days, Saucerswap’s Dex volume has skyrocketed by nearly 300% of Hedera’s daily average volume.

Source Buyback Program

While increasing Defi activity in Hedera could drive demand, Dex is actively purchasing tokens from the secondary market.

In December 2024, Saucerswap Labs announced that it had purchased 122,045 sauces using a portion of its swap fee and HBAR staking rewards.

Saucerswap is the best Dex in Hedera. Today they bought back 122,045 $Source For Xsauce holders who earned 7.16%! Reply within the next 15 hours and correctly guess the total source of tomorrow’s buyback. I’ll send you 10,000 $Source. Follow to qualify. pic.twitter.com/2f521ntfe3

-sauceman_hts (@sauceman_hts) December 14, 2024

These tokens were distributed to source stakers in the Infinity Pool.

They bought more sauces in April 2025.

$Source Buy back

Another day, another big buyback

18,914 $Source I scooped it up

saucerswap is a daily purchase and send using HBAR rewards and exchange fees. $Source In the infinity pool $Source Staking

Supply is shrinking

Demand is rising

The rockets are fueled. Don’t miss it… pic.twitter.com/hipxhyqpey

– $Source The Defi Alien (@thedefialien) April 7, 2025

Increased token purchases have encouraged more liquidity providers to put funds into the pool, further increasing swap fees.

By purchasing tokens from circulating supplies, Saucerswap reduced the supply directly and puts upward pressure on prices.

Hbar Rally and Nvidia-Hedera trade

A rise in HBAR prices could potentially raise demand prices and lift.

Last month, HBAR rose nearly 70%, up 24% over the last 24 hours, lifting Hedera-based tokens containing sources. At this rate, Hbar surpassed several Top Solanamime Coin.

Hedera Hashgraph

price

Market capitalization

24 hours7d30D1Yeverytime

The rally is driven by news that Nvidia, one of the world’s most valuable companies, has integrated Hedera technology into a Blackwell chipset.

https://www.youtube.com/watch?v=nqgm4gy4a0a

In this agreement, Hedera provides a platform for logging calculations for the invariance and timestamps of Nvidia’s verifiable computation solutions.

This integration could attract more institutions to explore Hedera, boost network activity and, as a result, increase the volume of saucer wap trading.

Discover: 8 High-Risk High-Reward Codes for 2025

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