Kraken Observes XRP’s Bullish Breakout: 10% Surge Signals Strong Momentum

XRP has demonstrated remarkable strength in recent trading sessions, surging 10% to break through key resistance levels and currently trading firmly above $3.30. This bullish momentum comes after establishing a solid base at $2.85, with XRP outperforming both Bitcoin and Ethereum. Technical indicators highlight the token's robust performance, including clearing a bearish trend line at $3.00 on the XRP/USD hourly chart. Market analysts are noting strong support at the 23.6% Fibonacci retracement level, suggesting potential for further gains. As of August 8, 2025, XRP's breakout is drawing significant attention from traders and investors alike, with many eyeing Kraken for its liquidity and trading volume in this ongoing rally.

XRP Price Surges 10% as Bulls Target Further Gains

XRP has broken through key resistance levels with a 10% price surge, now trading firmly above $3.30. The rally comes after establishing a strong base at $2.85, outperforming both Bitcoin and ethereum in recent trading sessions.

Technical indicators show bullish momentum, with the token clearing a bearish trend line at $3.00 on the XRP/USD hourly chart. Market observers note strong support at the 23.6% Fibonacci retracement level of the recent upward MOVE from $2.90 to $3.38.

The next critical resistance sits at $3.42, with a potential breakout paving the way for a test of $3.50. Trading volume on Kraken suggests sustained buying pressure as institutional interest grows in the altcoin sector.

Dogecoin (DOGE) Advances Boldly—Is a Surge Just Around the Corner?

Dogecoin has initiated a fresh upward trajectory against the US Dollar, rebounding from the $0.1950 support zone. The meme cryptocurrency is now consolidating above $0.2150, with technical indicators suggesting potential for further gains if key resistance levels are breached.

A bullish trend line is forming at $0.2150 on the DOGE/USD hourly chart, with the price currently trading above both this level and the 100-hourly moving average. The 23.6% Fibonacci retracement level of the recent rally from $0.1956 to $0.2243 now serves as immediate support.

Market observers note that a decisive break above the $0.2250 resistance could open the path toward $0.2320, with $0.2420 emerging as the next significant hurdle. Such a move WOULD confirm the continuation of the current bullish momentum that began when DOGE cleared the $0.2020 and $0.2150 barriers.