{"id":44822,"date":"2025-08-29T18:17:04","date_gmt":"2025-08-29T18:17:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44822"},"modified":"2025-08-29T18:17:04","modified_gmt":"2025-08-29T18:17:04","slug":"xrp-slides-4-amid-bitcoin-sell-off-but-cup-and-handle-setup-to-5-intact","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44822","title":{"rendered":"XRP Slides 4% Amid Bitcoin Sell-Off, but Cup-and-Handle Setup to $5 Intact"},"content":{"rendered":"<div>\n<h2>News Background<\/h2>\n<ul>\n<li>XRP continues to trade under regulatory uncertainty as markets await key SEC decisions on spot crypto ETFs in September.<\/li>\n<li>Active XRP Ledger addresses rose 20% over three days, signaling renewed network engagement ahead of the planned September 12 Decentralized Media launch.<\/li>\n<li>Chinese fintech firm Linklogis integrated its trillion-dollar supply-chain financing platform with the XRP Ledger, sending its equity 23% higher and adding to signs of institutional interest.<\/li>\n<li>Whale activity remains elevated: 900 million DOGE worth $200 million moved to Binance earlier this week, highlighting ongoing large-holder repositioning across memecoins.<\/li>\n<\/ul>\n<h2>Price Action Summary<\/h2>\n<ul>\n<li>XRP declined 4.30% during the 24-hour period from August 28 at 13:00 to August 29 at 12:00, dropping from $3.02 to $2.89.<\/li>\n<li>The token traded in a $0.17 band (5.75% of session peak), sliding sharply from $3.02 to $2.84 during the initial sell-off at 15:00 GMT on Aug. 28.<\/li>\n<li>Accumulation interest surfaced around $2.85\u2013$2.86, with volumes above the 75.9 million daily average during the 07:00\u201309:00 GMT recovery phase.<\/li>\n<li>In the final hour (11:56\u201312:55 GMT on Aug. 29), XRP rebounded from $2.87 to $2.89, briefly touching $2.91 at 12:31 on a 19.6 million surge.<\/li>\n<\/ul>\n<h2>Technical Analysis<\/h2>\n<ul>\n<li><strong>Support<\/strong>: Strong base forming at $2.85\u2013$2.86; intraday stability at $2.88 underscores accumulation.<\/li>\n<li><strong>Resistance<\/strong>: Selling pressure remains at $3.02, with $2.91 acting as a near-term ceiling after the bounce.<\/li>\n<li><strong>Momentum<\/strong>: RSI steady in the mid-50s after a dip to 42, reflecting neutral-to-improving momentum.<\/li>\n<li><strong>MACD<\/strong>: Histogram is converging toward a bullish crossover, suggesting potential upside follow-through.<\/li>\n<li><strong>Patterns<\/strong>: Bearish trajectory from $3.02 capped rallies, but a cup-and-handle setup remains on watch with technical targets in the $5\u2013$13 zone if momentum extends.<\/li>\n<li><strong>Volume<\/strong>: 273M tokens traded during peak session activity; 19.6M surge at 12:30 GMT confirmed institutional buying at $2.88\u2013$2.91.<\/li>\n<\/ul>\n<h2>What Traders Are Watching<\/h2>\n<ul>\n<li>Ability to defend $2.85\u2013$2.88 support as the foundation for further recovery.<\/li>\n<li>Break above $3.02 resistance could open a path toward $3.20 in the near term.<\/li>\n<li>Bearish scenario points to $2.80 if $2.85 fails.<\/li>\n<li>Network growth (20% jump in active addresses) and Linklogis\u2019 integration with XRPL as fundamental tailwinds.<\/li>\n<li>Monitoring whether institutional accumulation offsets whale-driven distribution in coming sessions.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>News Background XRP continues to trade under regulatory uncertainty as markets await key SEC decisions on spot crypto ETFs in September. Active XRP Ledger addresses rose 20% over three days, signaling renewed network engagement ahead of the planned September 12 Decentralized Media launch. Chinese fintech firm Linklogis integrated its trillion-dollar supply-chain financing platform with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44822","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44822"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44822\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}