Ripple, Bitcoin & OKB Price Forecast: Asian Market Wrap - August 22 Analysis
Crypto markets pivot as Asian trading session kicks off—three major players facing critical technical levels.
Ripple's Momentum Test
XRP bulls push against resistance walls while regulatory shadows linger—another day, another regulatory gray area that traditional finance would never tolerate.
Bitcoin's Consolidation Game
BTC dances around key psychological levels as institutional money waits on the sidelines—because why move fast when you can charge management fees for watching?
OKB's Exchange Token Dynamics
The platform token shows relative strength amid exchange volume fluctuations—proving once again that in crypto, the house always wins even when traders lose.
Asian markets continue playing chess while Western regulators still struggle with checkers—digital assets don't wait for permission to rewrite finance.
XRP Price Forecast: Investors lock in $300M profit with Fed Chair Powell's speech in sight
XRP saw an uptick in profit-taking activity over the past 24 hours as a brief recovery in the market was dented by hawkish FOMC minutes. The remittance-based token tagged $3 on Wednesday but quickly retraced as policymakers signaled a preference for inflation data in establishing interest rates. With inflation coming in hotter-than-expected last week, the minutes have fueled concerns that the Fed may hold rates steady in its September meeting.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP could face volatility as markets eye Powell at Jackson Hole
BTC price has fallen over 8% from its record of $124,747 on August 14, closing below an ascending trendline drawn by connecting multiple lows since early April this week, and retested its support level at $111,980 on Thursday. At the time of writing on Friday, it hovers at around $113,432. If the support at $111,980 holds and BTC recovers and closes above its 50-day EMA at $114,786, it could extend the recovery toward its next daily resistance at $116,000.
Crypto Gainers: OKB hits record high as ZEC and MORPHO hint at breakout rallies
OKB edges higher by 7% at press time on Friday, extending the 33% rise from Thursday. The bullish run induced by the 65 million token burn reaches the R3 pivot resistance level at $255, as previously estimated by FXStreet. A decisive close above this level could boost the rally to the R4 pivot level at $311.
