ETH rallied nearly 6% on Monday as BitMine reported another massive purchase 
of 208,137 ETH, boosting the total value of its ETH holdings above $3 billion.

Ether-stacking BitMine crosses $3B milestone as ETH rallies 6%

XRP price started a decent increase above $3.00 zone. The price is now facing 
resistance at $3.10 and might correct some gains in the near term. XRP price 
is attempting to start a fresh increase above the $3.00 zone. The price is now 
trading above $2.980 and the 100-hourly Simple Moving Average. There was a 
break below a bullish trend line with support at $3.065 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could start another 
increase if it stays above the $2.920 zone. XRP Price Faces Resistance XRP 
price started a fresh increase above the $2.820 zone, beating Bitcoin and 
Ethereum. The price was able to surpass the $2.920 and $2.950 resistance 
levels. The price even cleared the $3.00 resistance level. Finally, the bears 
appeared near the $3.10 zone. A high was formed at $3.106 and the price is now 
correcting gains. There was a break below a bullish trend line with support at 
$3.065 on the hourly chart of the XRP/USD pair. The price is now trading above 
$3.00 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib 
retracement level of the upward move from the $2.730 swing low to the $3.106 
high. On the upside, the price might face resistance near the $3.10 level. The 
first major resistance is near the $3.120 level. A clear move above the $3.120 
resistance might send the price toward the $3.150 resistance. Any more gains 
might send the price toward the $3.20 resistance or even $3.2120 in the near 
term. The next major hurdle for the bulls might be near the $3.250 zone. 
Another Drop? If XRP fails to clear the $3.10 resistance zone, it could start 
another decline. Initial support on the downside is near the $3.00 level. The 
next major support is near the $2.950 level. If there is a downside break and 
a close below the $2.950 level, the price might continue to decline toward the 
$2.920 support and the 50% Fib retracement level of the upward move from the 
$2.730 swing low to the $3.106 high. The next major support sits near the 
$2.880 zone where the bulls might take a stand. Technical Indicators Hourly 
MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI 
(Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. 
Major Support Levels – $3.00 and $2.920. Major Resistance Levels – $3.10 and 
$3.120.

XRP Price at Risk of Correction – Bulls Losing Steam?

Warning signs emerged in the July 2025 Federal Reserve lending survey, 
revealing entrenched structural stress across U.S. credit markets. Banks 
imposed tighter lending standards for nearly all categories, with business and 
consumer loan access deteriorating despite easing compared to 2024. Commercial 
and industrial credit dried up, particularly for small firms, as banks cited 
regulatory pressure, […]

Fed Survey Signals Structural Breakdown in US Credit System

The U.S. Securities and Exchange Commission has issued interim guidance 
allowing certain U.S. dollar-backed stablecoins to be treated as cash 
equivalents on corporate balance sheets. Reported on Aug. 5 by Bloomberg Tax, 
the guidance is a part of a wider…

SEC issues guidance allowing some stablecoins to be treated as cash equivalents

Strategy has amassed 60% of its total holdings since Trump’s election, with 
its third-largest dollar-value purchase last week.

Cryptocurrency price in BRL