Category: News

XRP’s cross-border token pulled off one of the most striking rebounds in recent sessions, climbing from just under $1.00 all the way to a multi-month high at $1.70 🌑.
Yet the surge paused abruptly and momentum slipped away, leaving the token fighting to stay above $1.40 after a sharp 20% drop from last Saturday’s peak. The scene turned darker on Friday after that hawkish speech from Fed Chair Kevin Warsh at Jackson Hole.

Approaching the Critical Zone 🦇

Analyst Ali Martinez has been watching the big shift in XRP network activity during this move. Active addresses on the ledger exploded by over 650% at one point, leaping from 47,180 to more than 356,000. Whales joined the frenzy too, snapping up over 300 million tokens in just 96 hours 🖤.
The real question now is whether this demand can stop the pullback from turning nasty. The chart looks weaker after the rejection at $1.70, with the price stuck around $1.40 and failing to reclaim the 50-week exponential moving average at $1.54. Attention shifts to the $1.35-$1.38 pocket as the next key support, a zone where roughly 3.2 billion XRP changed hands according to the URPD, making it a battleground worth noting 🕯️.
Market watcher CRYPTOWZRD pointed out the bearish volatile structure on X, stressing how important holding above $1.40 remains, though that floor has already cracked.

Resistance Walls Ahead 🌹

Martinez flagged the main hurdles if XRP tries to reclaim last week’s highs. First comes $1.60 where nearly 1.99 billion tokens traded, followed closely by $1.68 with similar volume. The toughest barrier sits at $1.86, site of 3.47 billion XRP transacted, and a clean break could clear the path toward the psychological $2.00 mark and then $2.19 next 🪦.

XRP AT KEY SUPPORT

After rallying 71.8% from $0.988 to $1.698, XRP has entered a 20% correction and is now testing a major support zone.

According to the URPD, roughly 3.2 billion XRP were traded between $1.35 and $1.38, making this one of the most important demand levels.

As… pic.twitter.com/i5r1tPsMJe

— Ali Charts (@alicharts) August 29, 2026

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Solana’s native token surged as one of the recent top performers in the crypto market reaching a fresh seven month high above 105 before pulling back slightly. 🌙 This rally kicked off from under 75 amid key shifts across the Solana scene with the network leading the charge.

Inflation Rate Gets Dialed Up 🦇

Validators greenlit SGP-0002 to slash future SOL issuance by boosting the annual disinflation pace from 15 to 30 percent. The vote landed at roughly 67 percent just enough to clear the supermajority bar. Helius CEO Mert Mumtaz highlighted the razor thin win after hundreds of final hour calls.

Staking ETF Cracks Billion Mark 💀

Bitwise Solana Staking ETF crossed 1 billion in assets under management on Friday becoming the first such fund for the altcoin to hit that level. Launched last October the milestone arrived in about 10 months even as BSOL shares sit 40 percent below launch prices. It holds over 9.3 million SOL with full staking at a current 5.8 percent net reward rate.

Big Holders Load Up in Shadows 🕸️

Two major wallets pulled large SOL stacks off exchanges with one snagging nearly 3.9 million from Kraken and another moving around 30 million from Binance. View the update SOL climbed to a six month peak over 105 on Friday then eased yet stays above 100 after a 42 percent monthly run. Check the whale moves Some see room for more upside toward 150 or even 300.

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A newly launched meme coin on Solana briefly attracted millions in trading activity after it appeared on a Trump-linked X account 🖤

Meme Coin Frenzy Sparks Red Flags 💀

Trump Digital Gold (GOLD) was published and promoted on the X account @realtrumpcoins1 which is associated with an official Trump collectible business. The promotion immediately attracted attention but on-chain sleuths raised some enormous red flags that didn’t stop people from getting into it 🌑. Data from Lookonchain shows that the developer initially controlled 600 million tokens while 15 newly created wallets spent $18,657 to acquire another 224.5 million coins. Combined these two addresses alone controlled roughly 82.45% of the entire supply 🕷️. Yet traders continued to pile in with one wallet chasing GOLD near the top and losing over $62,000 in just seven minutes. The situation deteriorated rapidly as it typically does when such shady coins see the light of day when the promotional posts disappeared from the Trump-linked account fueling suspicions that it had been compromised 🦇. GOLD plunged by more than 95% in a single minute with its market cap plunging to under $2 million and then dumping again to $600,000. Lookonchain updated that the 15 wallets mentioned above dumped all 224.5 million GOLD for 3,178 SOL worth approximately $330,000. This means that their original investment of $18,657 was turned into a $312,000 profit or a 17x return 🕸️. Later on it was confirmed that the account was hacked while the perpetrator claimed to have generated more than $8.2 million from the fiasco. The figure is the hacker’s own claim and has now been independently verified 🪦. Official Trump (TRUMP) the meme coin indeed related to the POTUS has been quite volatile lately. It has posted several double-digit moves in either direction but it was rejected at $3.00 yesterday despite a major announcement from the Korea Blockchain Week conference ✨.

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Bitcoin’s price rally that drove it past $81,000 on a couple of occasions in the past week came to a halt after the hawkish stance by the new Fed Chair displayed yesterday, and the asset slipped to a five-day low of under $77,000. Most altcoins followed suit, posting 3-5% daily declines. Ripple’s XRP, which recently peaked at $1.70, initiated another leg down, dropping below $1.40.

Bitcoin Slides Under Seventy Seven Thousand 💀

The primary cryptocurrency’s explosion that began on August 19 took it from under $65,000 to almost $80,000 in 48 hours last week, where it finally faced some resistance and slipped to $75,500 during the previous weekend. However, the bulls quickly regained control and pushed the asset north as the new business week began. At first, BTC challenged the $80,000 level, which the bears managed to defend initially, but buyers were more persistent and drove bitcoin above it to $81,000 on Tuesday morning. It couldn’t keep climbing and retraced to $79,000 on Wednesday. The bulls returned in full force on Thursday and Friday morning, pushing the cryptocurrency to another 15-week high of $81,500. Nevertheless, BTC was rejected once again, and the Jackson Hole speech didn’t bring any positives. Shortly after its conclusion, the hawkish stance by Warsh resulted in another leg down for bitcoin, dipping below $77,000 within an hour or so. Although it has rebounded slightly to over that level now, bitcoin is still more than 2% down on the day. Its market cap has declined to $1.555 trillion, while its dominance over the alts remains above 57%.

Ethereum is down by almost 3% in the past 24 hours as it was rejected at $2,500 once again and now sits at $2,430. BNB has slipped further away from the $700 level, now trading beneath $690. XRP tanked from $1.45 to $1.38 as of now, following a 3.2% daily drop. SOL, DOGE, LINK, XLM, and HYPE have produced similar losses, while BCH has slumped by more than 7% to under $250. RAIN and XMR are among the few alts with slight gains today. The total crypto market cap has decreased by $80 billion from yesterday’s top to $2.720 trillion on CG.

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