As XRP slides down over 5%, an analyst has highlighted the next possible 
targets for the asset, based on this technical analysis (TA) pattern. XRP May 
Visit These Levels Of A Parallel Channel Next In an X post on Sunday, analyst 
Ali Martinez pointed out how XRP was at risk of observing a further drop if it 
couldn&#8217;t reclaim the $3.3 level. Below was the chart shared by the analyst. In 
the graph, Martinez highlighted a Parallel Channel that XRP has followed since 
late last year. A Parallel Channel is a TA pattern that forms whenever the 
price of an asset consolidates between two parallel trendlines. The upper line 
of the channel is likely to be a point of resistance, while the lower one that 
of support. A breakout of either of these bounds can trigger a continuation of 
the trend in that direction. Related Reading: Institutions Buying The Bitcoin 
Dip? Coinbase Premium Shoots Up From the chart, it&#8217;s visible that the asset 
slipped below the lower line of the Parallel Channel back in April, but this 
breakdown lasted only briefly, with the coin swiftly recovering back into the 
channel. Similarly, the cryptocurrency saw a breakout above the pattern last 
month, but once again the signal couldn&#8217;t sustain as its price returned below 
the upper line. Since then, XRP has made a couple of retests of this line 
situated at $3.3, but each attempt has been rejected. On Sunday, the analyst 
warned that the coin could face a further drawdown if it failed to recover to 
this level. Today, Martinez quoted the chart, noting that the asset has just 
lost another support level: $3. This line is located a quarter of the way down 
the Parallel Channel. Now, what could be next for XRP? According to the 
analyst, the coin may be heading to $2.6, corresponding to the midway line of 
the channel, or even $2, which represents its lower bound. These are just the 
support levels available to the cryptocurrency from a TA perspective. Another 
major support level could perhaps be hinted at by on-chain data, as Martinez 
shared in another X post. In the chart, the data for the recent Cost Basis 
Distribution of XRP is shown. According to this indicator, investors last 
accumulated around 1.7 million tokens of the cryptocurrency at the $2.81 
level. Since the spot price is trading above this mark right now, these 
holders would be sitting on some gain. Generally, if the market mood is 
bullish, investors in profit react to retests of their cost basis by buying 
more. This is because they may look at the drawdown as just a &#8216;dip.&#8217; Related 
Reading: Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE The more 
concentrated a level is with supply, the stronger this reaction is. As such, 
the $2.81 level with its dense supply could play the role of a major support 
level for XRP in the event of a retrace to it. XRP Price At the time of 
writing, XRP is trading around $2.99, down over 6% in the last week. Featured 
image from Dall-E, Glassnode.com, charts from TradingView.com

XRP Dips Under $3: Analyst Warns $2.6 Or Even $2 Could Be Next

The SEC is launching direct engagement with early-stage blockchain startups, 
signaling a major regulatory shift toward proactive dialogue, compliance 
clarity, and stronger U.S. leadership in crypto. SEC Opens Direct Channels to 
Blockchain Builders The U.S. Securities and Exchange Commission (SEC) is 
increasing its outreach to the digital asset industry, focusing more closely 
on early-stage blockchain […]

SEC Taps Into Early Crypto Projects With Direct Outreach to Shape New Rules

Bitcoin has been moving sideways, and traders are starting to lose patience. 
The world’s largest cryptocurrency couldn’t hold recent highs, sparking talk 
about whether the market is bracing for a sharper swing. Some analysts say the 
pause is normal, others warn it could be the calm before the storm. Related 
Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed 
Results Traders Watch Price Levels Closely Popular market watcher Daan Crypto 
Trades pointed out that Bitcoin’s struggle to pick a direction isn’t unusual. 
He noted the coin has been locked between support and resistance zones, with 
neither bulls nor bears taking control. It’s the kind of setup that often 
leads to big moves once one side gives in. $BTC August has been pretty 
uneventful for Bitcoin so far. We&#8217;ve seen some movement but no clear direction 
as price consolidates in this current range. Never in history, has BTC seen 
both a green August and September. We tend to see a quick flush followed by an 
explosive Q4 in… pic.twitter.com/cClxJUG6Vh — Daan Crypto Trades (@DaanCrypto) 
August 17, 2025 Meanwhile, technical evidence sends mixed signals. By 
September 16, 2025, Bitcoin will reportedly hit at least $130,266, which is a 
13.07% increase compared to the previous prediction. The Fear &amp; Greed Index is 
currently at 60, indicating that greed is on the menu, while sentiment 
indicators are neutral. In the last 30 days, Bitcoin had 14 green sessions out 
of 30, and the average performance remained on the positive at 1.63%. That 
isn’t extreme, but it does indicate that traders are being cautious. Analysts 
Split On What’s Next There are a few investors who believe the current lull is 
nothing but a breather before another rally. They say that buying interest 
remains high, particularly with long-term demand coming from institutions. 
Skeptics, however, believe the latest rejection at higher levels is a sign of 
weakness and that another pullback opportunity has opened up. Jitters in the 
marketplace always invite disorientation, and this moment is no exception. A 
13% gain sounds exciting, but sentiment may change in a heartbeat if the 
Bitcoin price loses the entire support level. Traders are keen to see if 
momentum will pick up or if the sideways chop will continue. Related Reading: 
XRP’s Toughest Bull Run Could Lead To Big Gains, Analyst Claims Is It A Good 
Time To Buy? Based on technical indicators, reports suggest it may still be a 
decent entry point. But timing is tricky. With price forecasts pointing toward 
$130K and resistance overhead, the next few weeks could decide the short-term 
trend. Some see this as a chance to accumulate, while others would rather wait 
for a clearer breakout. For now, Bitcoin sits in limbo. Traders are scanning 
the charts, looking for clues on whether the path to $135K is still alive — or 
if the market is setting up for another surprise. Featured image from Adobe 
Stock, chart from TradingView

Market Jitters Rise As Bitcoin Pulls Back—Is $135K Still Possible?

Chamath Palihapitiyas $250M SPAC, American Exceptionalism, will target DeFi, 
AI, defense, and energy production, per SEC filing.
The post Chamath’s “American Exceptionalism” SPAC to target DeFi among four 
key areas appeared first on Crypto Briefing.

Chamath’s “American Exceptionalism” SPAC to target DeFi among four key areas

Since Jan. 3, 2009, the Bitcoin network has mined over 910,000 blocks, with 
nine well-known mining pools responsible for discovering 48.78% of them. The 
following highlights the top ten entities that have mined 673,848 blocks, 
representing nearly three-quarters of all blocks produced since the network’s 
launch. The 10 Entities That Helped Write Bitcoin’s Ledger In […]

Cryptocurrency price in AED