Kategorie: Crypto Analysis

Key takeaways

• XRP has reclaimed the $3 mark after adding nearly 3% to its value on Tuesday.
• The momentum indicators are showing fading bearish signs, with a bullish run expected to follow.

XRP tops $3 as broader market shows early signs of recovery

The cryptocurrency market had a poor start to the week but is now showing early signs of recovery. Bitcoin is trading above $111k after adding 1% to its value, while Ether has topped $4,600 as it is up 4%.

XRP, Ripple’s native coin, is not left behind as it has recaptured the $3 psychological level after rallying by more than 3%. The coin could rally higher in the coming hours and days as the bullish momentum continues.

This latest performance comes as CME Group revealed that its crypto futures suite has surpassed $30 billion in notional open interest for the first time. According to CME Group, the SOL and XRP futures each crossed $1 billion. XRP became the fastest contract to hit the milestone, doing so in just over three months.

Institutional adoption continues to support XRP’s price, and this could push it higher over the coming days and weeks. 

XRP targets $3.7 as bullish momentum surfaces

The XRP/USD 4-hour chart remains bullish as XRP rallied by nearly 3.5% in the last 24 hours. The Ripple native coin dipped by over 5% on Monday and closed below its 61.8% Fibonacci retracement level at $2.99.

It has now recovered and is trading above the $2.99 support level. The RSI of 54 shows that the bullish momentum is growing, while the MACD lines have also crossed into the positive territory. 

If XRP continues its recovery, it could push higher and target its next daily resistance at $3.40. An extended bullish run would allow XRP to surpass its yearly high of $3.66, with the all-time high price of $3.8 its next target. 

However, if XRP faces a correction, it could dip below $2.99 and target the next key daily support at $2.72.

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• Tron (TRX) slips below its ascending trendline, signalling a possible short-term correction.
• Tron hits $600B stablecoin transfers, outpacing Ethereum in volume.
• Tron network dominance contrasts with bearish indicators on the TRX price.

Tron’s native token, TRX, is at a crossroads. The cryptocurrency is flashing signs of weakness on technical charts, even as its underlying network continues to break records in stablecoin activity.

With the TRX price sliding below key trendlines and bearish indicators building, the contrast with Tron’s booming fundamentals has left traders debating whether a correction or a rally will come next.

Bearish pressure builds on TRX

TRX slipped below its ascending trendline this week, trading around $0.345 after a near 7% pullback from its yearly high at $0.370.

The breakdown marked the first decisive violation of the bullish structure that had been in place since late June.

On-chain and derivatives data echo the bearish mood. CryptoQuant’s Spot Taker CVD for TRX has been in negative territory since mid-August, signalling that sellers are in control of market flows.

At the same time, Coinglass data shows that TRX’s funding rate has turned negative, with shorts outpacing longs — a development often linked with growing downside pressure.

Momentum indicators are also leaning bearish. The Relative Strength Index (RSI) is stuck near its neutral 50 level, showing indecision, while the Moving Average Convergence Divergence (MACD) flipped into a bearish crossover on Sunday, flashing fresh sell signals.

If TRX fails to reclaim the $0.345 level on a daily close, a decline toward $0.330 remains a strong possibility.

Tron network strength paints a different picture

While technical charts point lower, Tron’s network fundamentals tell another story.

The blockchain recently processed more than $600 billion in stablecoin transfers in a single month, an unprecedented milestone that highlights its growing role as the backbone of global digital payments.

The surge in transaction activity underscores Tron’s competitive edge: low fees and fast settlement times. Users and institutions are increasingly choosing the network to move value, making it the preferred settlement layer for Tether’s USDT.

More than nine million transactions are now processed daily, with over one million unique wallets interacting with stablecoins on Tron each day.

This level of usage is not only significant compared with rivals, but it also dwarfs Ethereum in terms of stablecoin settlement.

Recent data released by Messari shows Tron commanding more than 63% of the circulating USDT supply at $81.2 billion, compared with Ethereum’s $73.8 billion.

In daily transfer volumes, Tron moves almost seven times more than Ethereum, cementing its dominance in this segment of the market.

TRX price outlook

For Tron (TRX) token holders, the current picture is mixed. On the one hand, technical indicators point to a near-term correction, with $0.330 emerging as the next downside target if sellers maintain pressure.

On the other hand, the network’s record-breaking volumes and commanding position in the stablecoin market provide a strong long-term bullish backdrop.

At $0.3478, TRX trades nearly 19% below its all-time high of $0.4313 set in December 2024.

Nevertheless, the token is still up more than 100% year-on-year, supported by steady adoption and robust transaction flows.

For now, the key level to watch remains $0.345. A sustained break below it would favour further weakness, but a recovery above could reopen the path toward $0.370.

The post TRX faces correction as Tron shatters $600B stablecoin record appeared first on CoinJournal.

Key takeaways

• SOL is down 10% as the broader crypto market experiences another massive sell-off.
• The bearish performance comes despite Sharp Technology raising $400 million for its Solana treasury.

SOL is the worst performer in the top 10

SOL, the native coin of the Solana blockchain, is the worst performer among the top 10 cryptocurrencies by market cap. The coin lost 10% of its value in the last 24 hours and is now trading at $187 per coin.

The bearish performance comes as the broader crypto market experienced another sell-off, with BTC dropping below $110k, while Ether dipped to the $4,400 region.

SOL’s dip also comes despite Nasdaq-listed firm Sharps Technology (STSS) raising $400 million to establish what it says could become the largest corporate digital asset treasury of Solana.

The funding received backing from some of the most active investors in digital assets, including ParaFi, Pantera, FalconX, CoinFund, and Arrington Capital. The company sold its shares at $6.50 per unit with attached warrants exercisable at $9.75. Sharps Technology plans to allocate the funds primarily toward acquiring SOL, the native token of the Solana blockchain.

Sharps Technology is not the only company stacking SOL, with SOL Strategies (HODL), DeFi Development (DFDV), and Upexi (UPXI) already heavyweights.

SOL could reclaim $200 amid market recovery

The SOL/USD 4-hour chart is bearish and efficient thanks to Solana’s recent poor performance. The technical indicators are neutral but could soon change if either the bulls or bears take control of the market.

The RSI of 54 shows that the buyers are losing control, while the MACD lines could slip into the bearish territory if the sell-off persists. At press time, SOL is trading at $188 per coin, up from the recent low of $185.

If the recovery continues, SOL could reclaim the resistance level at $213 over the next few hours or days. An extended bullish run would see SOL attempt to hit the $220 resistance zone.

However, the market structure is still bearish, and SOL could record further losses. If that happens, SOL could drop to the support level at $174 created on August 19. Failure to defend this level could see SOL hit the monthly low of $152.

The post Solana price prediction: SOL dips 10% despite treasury adoption appeared first on CoinJournal.

TL;DR

• ZRO is down 7.5% and is now trading at $2.01.
• The bearish performance comes despite Stargate DAO approving LayerZero’s acquisition proposal.

Stargate DAO approves LayerZero’s acquisition proposal

The cryptocurrency market was volatile over the weekend, with massive gains recorded on Friday wiped out on Sunday. Bitcoin briefly dropped to the $110k region while Ether is now trading above $4,700 after setting a new all-time high of $4,953.

The bearish performance affected LayerZero’s ZRO as the coin has now lost more than 7.5% of its value in the last 24 hours. Thanks to this bearish trend, ZRO is now trading at $2.01.

The negative performance comes despite a massive development for the LayerZero ecosystem. LayerZero Foundation announced on Saturday that Stargate’s governance organization has approved its acquisition offer with nearly 95% of votes in favor.

The Stargate DAO has approved our acquisition of Stargate (STG).

We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.

LayerZero is better money technology.

Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV

— LayerZero (@LayerZero_Core) August 24, 2025

The approval came despite Wormhole making a late $120 million cash offer. Furthermore, Across co-founder Hart Lambur and the Axelar Foundation both said they would make formal bids if the process was slowed.

ZRO could top $2.6 if bullish momentum returns

The ZRO/USD 4-hour chart is bearish and efficient as LayerZero has been underperforming, similar to the broader cryptocurrency market. The technical indicators are also bearish, indicating that the sellers are currently in control.

The RSI of 54 shows that ZRO is heading into the negative territory if the sell-off continues. The MACD lines are also close to switching into the bearish region. 

If the sell-off continues, ZRO could drop to the Friday low of $1.85 over the next few hours. Failure to defend this support level could see ZRO retest the monthly low of $1.625.

However, with the positive news coming from the LayerZero ecosystem, ZRO could bounce back and reclaim the first major resistance level at $2.38. An extended bullish run would see ZRO surpass its monthly high and hit $2.60.

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• Bitcoin rises 2% to $114,200 after speech.
• Ether rebounds 8% after 12% correction.
• US stocks gain 1%, yields drop to 4.27%, gold up 0.6%.

Federal Reserve Chair Jerome Powell shifted the market narrative on Friday by signalling that a September rate cut is under active consideration, a move that quickly altered expectations across global financial markets.

Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell highlighted that downside risks to employment are rising and could accelerate in the form of layoffs and higher unemployment.

This shift in tone sent shockwaves through both traditional and digital markets, with Bitcoin, equities, bonds, and gold all responding within minutes of his remarks.

Bitcoin rebounds 2% after recent 10% slide

Bitcoin (BTC) climbed about 2% to $114,200 following Powell’s comments, reversing part of a steep decline earlier in the week.

The cryptocurrency had touched a record high above $124,000 roughly a week ago when market confidence in a September rate cut was near 100%.

However, as expectations cooled to 69% in the hours before Powell’s address, Bitcoin slumped nearly 10% to $112,000.

Data from CME FedWatch showed that immediately after Powell’s speech, the probability of a September rate cut jumped back to nearly 90%.

This surge in confidence provided support to digital assets, which had been under pressure from fading hopes of imminent monetary easing.

Ether bounces 8% after 12% correction

Ethereum (ETH) experienced sharper volatility than Bitcoin in the same period.

The coin corrected by about 12% after nearly reaching its all-time high, reflecting a deeper pullback in speculative tokens.

However, ETH bounced nearly 8% following Powell’s remarks, highlighting how sensitive cryptocurrencies remain to Federal Reserve signals.

The rebound suggests that traders are still positioning around policy expectations, with Ether’s sharper swings reflecting higher risk sentiment.

Stocks, bonds, and commodities follow suit

Traditional markets mirrored the move in digital assets.

The Nasdaq Composite fell 3% in the days leading up to Powell’s speech as investors priced in fewer chances of a rate cut.

However, following the shift in tone, US stocks gained more than 1%.

Treasuries also rallied, with the 10-year yield falling six basis points to 4.27%.

The US dollar index declined about 0.5%, while gold prices climbed 0.6%, reflecting a broader move into assets that typically benefit from looser monetary policy.

Risk markets show heightened sensitivity to Fed signals

In the days leading up to Jackson Hole, traders had positioned cautiously, expecting Powell to maintain a hawkish stance.

This contributed to selling pressure across risk markets, particularly in crypto.

The reversal in tone not only revived expectations of a September cut but also underscored the fragility of investor sentiment.

The developments highlight how closely risk assets remain tied to the Federal Reserve’s policy outlook.

Bitcoin’s correction and subsequent bounce, along with Ether’s deeper pullback and recovery, show that digital markets are moving in lockstep with Fed communications, while stocks, bonds, and commodities reflect similar dynamics.

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