🚀 Crypto Price Surge Alert: PUMP, XRP & Bonk Defy Gravity – August 6th Market Frenzy

Crypto markets ignore traditional finance logic—again—as speculative assets rally. Here’s what’s fueling the madness.

PUMP: The Meme Coin No One Saw Coming

Defying bearish whispers, PUMP’s chart looks like a SpaceX launch trajectory. Retail FOMO meets low liquidity—classic recipe for volatility.

Ripple (XRP): The Phoenix Rising?

Legal battles fading, XRP whales awaken. Trading volume spikes suggest institutions might actually be touching this ‘unregistered security’ with a ten-foot pole.

Bonk: Solana’s Dark Horse Gallops

Another day, another dogcoin. Bonk’s 24hr pumps outshine major altcoins—proving the ‘utility’ narrative matters less than meme virality in this cycle.

The Bottom Line

While Wall Street debates P/E ratios, crypto markets run on vibes and vaporware. Today’s winners? Traders front-running the next tweetstorm.

Ripple (XRP) price holds above a critical support at around $2.94 on Tuesday, underpinned by risk-off sentiment in the broader cryptocurrency market. Low trading volume, stubborn resistance levels and weak support suggest that last week's sell-off to $2.72 could resume.

Bonk (BONK) is facing increasing selling pressure, down over 1% on Wednesday to trade at around $0.00002405 at the time of writing. The Solana-based meme coin turned bearish after posting the largest monthly return this year of 79.6% in July.