Kraken Observes XRP’s Bullish Momentum as Price Aims to Break Key Resistance
XRP is currently exhibiting strong bullish signals, trading above the $3.25 support level and showing potential to break past the $3.35 resistance. The cryptocurrency has recently cleared a significant bearish trend line at $3.288 on the hourly chart, indicating renewed buying interest. Market activity reflects consolidation above the 23.6% Fibonacci retracement level of the recent upward move from $3.10 to $3.35. Traders and investors are closely monitoring for a decisive breakout, which could pave the way for further gains. As of August 15, 2025, the market sentiment around XRP remains optimistic, with technical indicators supporting the possibility of continued upward momentum. Kraken and other major exchanges are seeing increased activity as traders position themselves for potential price movements. The next critical levels to watch include the $3.35 resistance, a break above which could trigger additional buying pressure and propel XRP toward higher targets.
XRP Price Eyes More Gains—Can Bulls Break Major Resistance?
XRP is gaining momentum above the $3.25 support level, with bullish indicators suggesting a potential breakout past the $3.35 resistance. The cryptocurrency has cleared a key bearish trend line at $3.288 on the hourly chart, signaling renewed buying pressure.
Trading activity shows consolidation above the 23.6% Fibonacci retracement level of the recent upswing from $3.10 to $3.35. Market participants are now watching for a decisive move above $3.365, which could propel XRP toward $3.40 and potentially $3.48 in the NEAR term.
The 100-hour Simple Moving Average provides additional support at $3.30, reinforcing the current uptrend. This technical strength mirrors broader market movements seen in Bitcoin and Ethereum, suggesting coordinated capital flows into major digital assets.
Bitcoin Reaches New All-Time High Near $124,000 As Bulls Target Higher Ground
Bitcoin surged to a record $123,973, breaching the $122,000 resistance level as bullish momentum builds. Technical indicators show strong support at $120,200, with the 100-hour moving average reinforcing upward potential. Market participants now eye the $124,000-$125,000 zone as the next target.
The rally gained traction after bitcoin consolidated above $118,500, with Kraken exchange data revealing a 23.6% Fibonacci retracement from the recent swing low. The cryptocurrency maintains robust technical positioning, trading above both psychological support at $120,000 and key moving averages.
Downside risks appear contained, though a break below $121,500 could test the $118,500 support level. The current trend line formation suggests sustained buying pressure, with institutional and retail investors alike driving the unprecedented price action.
Cardano (ADA) Rockets 15% Higher, Can Bulls Push Beyond $1.00?
Cardano's ADA surged 15% as bullish momentum builds above key technical levels. The cryptocurrency now eyes a decisive breakout past the psychological $1.00 barrier after establishing strong support near $0.80.
TradingView charts show ADA/USD forming a bullish trendline with support at $0.9350 on Kraken's hourly chart. The token cleared multiple resistance levels between $0.85-$0.95, peaking at $0.9880 before consolidation. Market structure suggests potential for continuation if $1.02 resistance falls.
The rally mirrors broader crypto market strength, with Bitcoin and Ethereum showing similar recovery patterns. Technical indicators position ADA favorably, trading above both its 100-hour moving average and the 23.6% Fibonacci retracement level from recent lows.
