Schlagwort: crypto business

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XRP price forecast: XRP dips 7% as crypto downturn threatens bulls

  • XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.
  • Daily trading volume jumped 28% to $8.2 billion as panic selling spread.
  • XRP’s technical outlook suggests further price declines.

Ripple’s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.

Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.

This decline below the key level of $3.00 comes as Bitcoin hovers below $115k after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.

Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.

However, could XRP’s strength see bulls rebound off support to eye new all-time highs?

XRP price – bulls fail to hold $3.00 amid crypto downturn

In the past 24 hours, XRP’s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.

While the 7% dip aligned with other top 10 coins, it’s notable that XRP slipped below the critical $3.00 threshold.

Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.

As noted, Ripple’s XRP dipped amid Bitcoin’s notable drop to lows near $114k.

Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls’ plans.

Per Coinglass data, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.

ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.

On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.

A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.

The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.

Ripple price prediction

XRP’s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.

XRP price chart by TradingView

On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.

Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.

The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.

If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.

On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.

The post XRP price forecast: XRP dips 7% as crypto downturn threatens bulls appeared first on CoinJournal.

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Best altcoin to invest in? BPENGU is turning heads with its presale

  • Many investors who profited from Pudgy Penguins are now eyeing what’s next—and Bitcoin Penguins is well-positioned to capture that rotation.
  • BPENGU’s presale has already raised $1.8 million, climbing through its early stages.
  • There are 15 stages in total, and early backers are already staring down massive gains.

Bitcoin closed out July at an all-time monthly high of $115,644, a milestone that speaks volumes about where the crypto market stands today: alive, maturing, and bracing for its next breakout chapter.

Despite a modest 3% dip to start August, the bullish sentiment hasn’t faded.

In fact, it’s moved downstream—towards altcoins, where investors are hunting the next moonshot.

Enter Bitcoin Penguins (BPENGU)—a project that’s not just riding the penguin meta but rewriting it completely.

Just when you thought penguins had peaked…

Pudgy Penguins turned heads, captured hearts, and carved a mutli millon dollar niche out of thin air.

PENGU has already made its mark this cycle, surging 130% over the past month and cementing its position as a leading meme coin.

Bitcoin Penguins is the logical next step—fusing the viral appeal of penguins with native integration into the Bitcoin ecosystem, a combination that remains largely untapped.

Another key bullish case for Bitcoin Penguins is the crypto market’s relentless search for the next breakout.

Many investors who profited from Pudgy Penguins are now eyeing what’s next—and Bitcoin Penguins is well-positioned to capture that rotation.

Born from the frenzy, BPENGU’s creators saw the wave, grabbed a napkin, and sketched out a smarter evolution.

“What if you fused Bitcoin’s brand with Pudgy’s culture?”

The answer: a meme coin with real economic gravity and explosive upside.

$1.8 million raised

The momentum isn’t theoretical. BPENGU’s presale has already raised $1.8 million, climbing through its early stages with a clean 5% price bump at every level.

There are 15 stages in total, and early backers are already staring down massive gains by the time listings go live on September 2.

Simple enough for a smart 12-year-old: every time a stage fills, the price goes up 5%.

No lock-ins, no fuzzy math. Just structured, transparent upside that rewards early believers.

Penguin power meets BTC muscle

Why does this matter now? Because altcoin season is warming up.

Bitcoin dominance is steady, but investors are rotating into low-cap plays with potential for 10x–100x returns.

With staking rewards up to 100% APY, a 1 BTC weekly jackpot, and a retail-first token allocation (only 3% to insiders), BPENGU is checking every box.

It’s more than just a meme—it’s a machine built for virality and velocity.

If you missed Pudgy Penguins, this is your shot at redemption. BPENGU isn’t a clone—it’s the next evolutionary step.

The penguin party’s just getting started, and this time it’s backed by Bitcoin.

The post Best altcoin to invest in? BPENGU is turning heads with its presale appeared first on CoinJournal.

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Memecoin (MEME) jumps 29% amid significant volume spike

  • Memecoin price rose 29% in 24 hours to hit highs above $0.0023.
  • Daily volume spiked 600% as MEME jumped amid a technical breakout.
  • Altcoins are bullish and an anlyst says MEME price could surge 690%.

Memecoin (MEME), a meme token of the Memeland platform, has surged by 29% in the past 24 hours.

This sudden price surge, which has come amid a notable spike in trading volume, has MEME trading at levels that might see bulls take further control.

While profit taking remains a potential setback, bullish momentum is largely in place as the broader cryptocurrency market gets a boost from institutional demand and regulatory support.

Memecoin’s surge is also not isolated in the meme token ecosystem.

Pepecoin, DOGS and Pump.fun are among those seeing a significant upside amid a backdrop of bullish projects for altcoins.

Dogecoin, Shiba Inu and TRUMP have also signaled resilience.

Volume spikes as MEME token surges 29%?

MEME’s price jump follows a technical breakout and overall flip in memecoins.

With a 29% spike in 24 hours, this token’s value is back at $0.0023 levels seen in May.

The gains also mean the price has increased 75% from lows of $0.0012 seen in June.

Daily volume has also jumped 600% to over $170 million, notable activity as the token benefits from speculative buying on launchpad sentiment.

In recent months, tokens such as PUMP and RAY have exploded on launchpad anticipation and adoption.

Memecoin price rose amid a technical breakout

However, the MEME price remains well over 95% down since reaching its all-time highs of $0.081 in November 2023.

What’s next for Memecoin price?

Crypto analysts point to Memecoin’s uptick amid a breakout from a large falling wedge pattern.

In the market, a falling wedge breakout is a technical formation that usually suggests a reversal from a downtrend.

The token is showing a regular bull divergence, to signal bullish strength.

According to analyst Javon Marks, MEME could be poised for a significant upward movement.

The forecast aligns with the analyst’s earlier predictions from July 12, 2025, when Marks identified a falling wedge breakout.

“MEME (Memecoin) is currently showing MAJOR STRENGTH and with prices still being broken out of a large Falling Wedge as well as coming off of a huge Regular Bull Divergence, there can be significantly more bullish action coming!,” noted crypto analyst Javon Marks.

According to the analyst, MEME prices are likely to skyrocket if bulls take control.

The memecoin’s price could target $0.018, a level that would represent a staggering 690% upside.

Conversely, a failure to maintain momentum might see prices retreat, testing lower support levels. Likely, these will be at $0.0016 and $0.0014.

The post Memecoin (MEME) jumps 29% amid significant volume spike appeared first on CoinJournal.

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Solana DEX volume dips 20% after co-founder slams meme coins

  • Solana’s DEX volume has lost nearly $700 million since Monday.
  • The downside follows comments from its co-founder criticizing meme tokens and NFTs.
  • The remarks sparked debates, especially since meme cryptos have fueled Solana’s growth.

The latest comments from Solana’s co-founder, Anatoly Yakovenko, left speculative trading enthusiasts shaken.

Meanwhile, the blockchain reflects the impact on the decentralized exchange (DEX) front.

Yakovenko dismissed NFTs and meme coins as assets without intrinsic value in a July 27 X post.

He compared them to a mobile game loot box, which serves speculative individuals.

Meanwhile, the comments dented sentiments as Solana’s DEX volume has seen a 220% decline from Monday’s $3.071 billion to $2.374 billion today.

While sudden dips are not uncommon in the cryptocurrency industry, some participants are connecting the dots.

Meme cryptos have fueled Solana’s growth

It is the irony that grabbed the community’s attention. While meme tokens lack traditional utility, they have been vital in Solana’s latest boom.

Nearly all themed cryptocurrencies that have dominated trends in the past few years launched on the SOL blockchain.

PNUT, WIF, FARTCOIN, and the current PENGU, you can name them.

Furthermore, Solana boasts the largest meme launchpads (Pump.fun and Raydium).

At times when top chains like Ethereum and Cardano were quiet, Solana flourished due to viral meme assets and NFTs.

Moreover, leading Solana DEXs like Jupiter thrived during meme coin seasons.

With these trends, Solana attained a strong community, culture, profits, and growth momentum.

Thus, many equate Yakovenko’s comments to biting the hand that fed their ecosystem.

Solana-based exchanges have experienced substantial slowdowns days following the controversial comments.

Whether the 20% slide is a usual cool-off or a reaction to Yakovenko’s remarks, Solana’s ecosystem took a hit.

The tone might have discouraged some participants, who are likely considering alternative meme launchpads.

For digital assets enthusiasts, meme tokens and NFTs represent culture, accessibility, and creativity in the crypto industry.

Moreover, they lower entry barriers into Web3.

Meme tokens lack value, but drive excitement

Yakovenko’s comments weren’t unfounded. Most meme tokens lack utility beyond attention.

They face criticism since they lack legitimate backing, use cases, and the fact that most creators launch them as speculative plays.

Projects can record staggering surges overnight and crash within minutes.

You probably remember the controversial LIBRA case.

Libra surged to $224 million market capitalization project before crashing within hours, leaving its investors with massive losses.

Its current market cap is $3.94 million.

Hype, not fundamentals, dictates the life cycles of most meme coins.

However, they also work. While themed cryptocurrencies lack substance, they attract attention and excitement in the digital currency markets.

Also, they onboard retailers who want to join the market without navigating complex protocols.

This phenomenon has benefited Solana, putting it in the spotlight during periods when top blockchains felt dormant.

Though Yakovenko’s remarks appear true, they exposed the fragility between market behavior and logic in crypto.

Besides decentralization, the fun side of the blockchain industry remains vital for the sector’s liveliness.

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XRP inflows drop 95% since July spike, while Chaikin data signals possible rally

  • CMF at 0.15 signals tentative bullish inflows.
  • July 11 saw 220 million XRP hit exchanges; inflows muted since.
  • Ascending triangle suggests breakout possible above $3.24.

The XRP price is trading in a narrow band after reaching a monthly high of $3.65 earlier in July. It has since declined by nearly 14% to about $3.09, showing only a modest 5% weekly gain.

XRP price
Source: CoinMarketCap

However, market indicators and blockchain data now point to a potential reversal. Large wallets are showing signs of quiet accumulation, while exchange inflows remain low.

This combination has created an environment where even moderate buying activity could trigger a breakout if the right conditions align.

CMF indicator shows hidden demand building under $3.24

From 20 to 26 July, the Chaikin Money Flow (CMF) indicator showed a higher low, despite the XRP price declining from $3.60 to $3.09.

This bullish divergence suggests that institutional players or large holders have been steadily accumulating XRP during the pullback.

Currently, the CMF hovers around 0.15. For a stronger move to the upside, the indicator would need to rise further and break its previous high, confirming a surge in positive money flow.

Unlike trend-following indicators, CMF evaluates momentum based on price and volume. Its current behaviour indicates inflows are outweighing outflows, but just barely.

The signal remains tentative, not yet strong enough to confirm a breakout.

A decisive CMF shift above 0.20 could be a leading signal for a more aggressive price advance toward the recent high of $3.65.

XRP inflows to exchanges remain low after July 11 spike

On-chain data reveals subdued XRP activity on centralised exchanges, supporting the case for lower near-term sell pressure.

After a one-time spike on 11 July, when over 220 million XRP were deposited onto trading platforms, inflows have remained low.

By 29 July, the daily exchange inflow had dropped to just 9.7 million XRP, even as the price hovered around $3.12.

Low inflows typically suggest that large holders are not preparing to sell. In effect, this reduces available supply, giving any future demand more impact.

This trend, when combined with the rising CMF, points to a potential supply-demand shift in favour of buyers.

XRP charts reveal ascending triangle near key support zone

The 2-day XRP chart shows an ascending triangle pattern forming just below the $3.24 resistance line.

This is a bullish formation where price builds higher lows against a flat top, indicating accumulation pressure.

The structure suggests traders are increasingly willing to buy on dips, reinforcing the likelihood of an upward breakout if resistance is cleared convincingly.

Fibonacci levels place immediate support between $2.95 and $2.99. If XRP holds above this zone and breaks through $3.24, the next potential target is the recent high of $3.65.

A successful breakout above $3.65 would likely push the asset into price discovery, where historical resistance is limited.

However, any close below the $2.95-$2.99 support could invalidate the bullish outlook and force a reassessment.

For now, technical momentum and on-chain flows remain neutral to slightly bullish.

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