Kraken: XRP Tests Key Support Amid Market Uncertainty, Rebound Potential in Sight

As of August 15, 2025, XRP's price action has captured market attention with a 6% retreat from the $3.350 resistance level, now testing the $3.020 support zone. Trading below both the psychological $3.20 threshold and the 100-hourly Simple Moving Average, the asset shows signs of weakened momentum. Technical analysis highlights the breakdown of a crucial bullish trend line at $3.280, yet traders speculate about a potential resurgence if buying pressure emerges. This development comes amid heightened scrutiny of altcoin performance on major exchanges like Kraken, where XRP liquidity and order book depth remain key metrics for institutional traders. The current consolidation phase presents a critical juncture - a hold above $3.020 could pave the way for renewed upside, while failure may trigger extended liquidation toward the $2.80 Fibonacci level. Market makers appear to be accumulating positions at these levels, anticipating volatility around upcoming regulatory clarity for Ripple's ongoing SEC case.

XRP Price Slides to Support, Is a Fresh Increase Coming Soon?

XRP price has retreated over 6% from the $3.350 resistance level, finding temporary footing at the $3.020 support zone. The digital asset now trades below both the $3.20 psychological threshold and the 100-hourly Simple Moving Average, signaling weakened momentum.

Technical charts reveal a breakdown of the bullish trend line that previously supported prices at $3.280. Market observers note potential for resurgence if XRP can reclaim the $3.150 resistance level, which could pave the way for a retest of $3.20. The current recovery attempt faces immediate resistance NEAR $3.10, with the 23.6% Fibonacci retracement level acting as the first significant hurdle.

The cryptocurrency's performance mirrors broader market movements, with both Bitcoin and ethereum showing similar corrective patterns. Trading volume and order book data from Kraken will prove crucial in determining whether this support holds or yields to further downside.

Solana (SOL) Defends Critical Support Zone, Preparing for Next Major Increase

Solana's price action shows resilience as it consolidates above $190, signaling potential for further gains. The cryptocurrency found strong support near $185 before climbing past key resistance levels, including $192 and $200. A bullish trend line break at $202 suggests temporary pressure, but active buying near $188—aligning with the 61.8% Fibonacci retracement—indicates sustained demand.

Traders are now watching the $198 resistance level closely. A decisive breakout could pave the way for a retest of the recent $210 high. The 100-hour moving average provides additional technical support, reinforcing Solana's position within its current upward trajectory. Market sentiment mirrors Bitcoin and Ethereum's recovery, underscoring broader crypto market dynamics.