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Crypto

XRP battles around $1 as on-chain data flags possible bottom signal

XRP remains weak around $1, but on-chain indicators point to possible bottom formation as network activity rises while exchange-related fund flows and derivatives leverage ease. The network processed 2.6 million payments on Aug. 5 and total transactions topped 2.8 million, up 86 percent from a week earlier. Exchange inflows and outflows fell sharply, which one analyst said could reduce selling pressure. Technical resistance remains above current prices.

Crypto

XRP network stays active but price weakens as $0.95 support comes into focus

XRP has broken below the $1.05 to $1.07 range seen as a key support zone this year, making the defence of $1 the main near-term variable. U.Today reported XRP traded around $1.02 and failed to regain short-term moving averages near $1.065 and $1.082. A faster selloff could shift attention to demand near $0.95 and then $0.90. Network activity has risen, with XRPL users tallied at about 207,028 as of Aug. 10.

Crypto

Was $57,700 the bottom for bitcoin? Quarterly chart shows rebound signal

An analysis says bitcoin may already have formed a macro low for the current four-year cycle at $57,735, set on July 1. On a quarterly Bollinger Bands chart, bitcoin tested a long-term key support level and then rebounded, with buying seen near the three-month midline at $57,431. Bitcoin later rose to $64,174 on Aug. 11, about 11 percent above the low. The analysis cautioned that the third-quarter candle is not complete until Sept. 30.