XRP: Last Chance to Avoid Fiasco, 300% Ethereum (ETH) Volume Skyrockets, Bitcoin (BTC) Can Lose $100,000 Now
The post XRP: Last Chance to Avoid Fiasco, 300% Ethereum (ETH) Volume Skyrockets, Bitcoin (BTC) Can Lose $100,000 Now appeared on BitcoinEthereumNews.com.
Stakes on Ethereum increase Bitcoin’s breakthrough attempt XRP is testing a technical level at the 26-day EMA, which could decide whether a deeper pullback is likely or if the recent uptrend can be sustained. A clean rebound is less likely given the current circumstances, even though the 26 EMA has historically served as a springboard for continuation. The price action has been consolidating following a strong rally earlier this month. Since the last local low, there has been a sharp upward trendline, but its steep angle indicates limited sustainability. A quick breakdown toward lower supports frequently results from such aggressive slope lines failing under selling pressure. The trendline will probably also be broken if the 26 EMA does not hold, which would allow for faster downward movement. There are not any significant tailwinds for XRP in the larger market context. XRP/USDT Chart by TradingView Trading volumes have been tapering off, and it looks like the recent rally has lost steam. In the absence of fresh buying interest, the price runs the risk of falling below the EMA support, which might draw technical sellers into the market. In the event that XRP drops this level significantly, the first important support is located close to the 50-day EMA at $2.89. Failure there would reveal $2.70 as the next important zone, which was crucial as support during the consolidation in July. In order to reopen the path toward recent highs and restore bullish confidence, a significant rebound from the 26 EMA and a break above $3.20 would be required. Stakes on Ethereum increase In recent sessions, the volume of Ethereum trades has increased by over 300%. As ETH stays close to the $4,600 mark, the surge shows that market activity around Ether is still through the roof from both retail and institutional sides.…
Filed under: News - @ August 16, 2025 10:28 am