Kraken Data Shows XRP Bulls Battling to Defend $3 Support Amid Bearish Pressure

XRP's price action has turned increasingly bearish as it struggles to maintain footing above the critical $3.00 support level. According to Kraken's hourly chart data, the digital asset faces mounting downward pressure after failing to break through the $3.150 resistance zone. Currently trading below both the $3.120 mark and its 100-hour moving average, XRP shows signs of weakening bullish momentum. A descending trendline at $3.060 further reinforces the resistance level, creating additional hurdles for any potential recovery. The token briefly tested higher levels around $3.250 before reversing course, with bears now driving the price action. This development comes as market participants closely watch whether bulls can regroup and defend the psychologically important $3.00 level, which could determine XRP's short-term trajectory. The current technical setup suggests increasing selling pressure, though cryptocurrency markets remain volatile and sentiment can shift rapidly. Traders are advised to monitor Kraken's order book depth and volume indicators for signs of either renewed buying interest or further downside momentum as the battle between bulls and bears continues near this key price threshold.

XRP Bears Push Lower, Can Bulls Maintain Control Near $3?

XRP's price trajectory turns bearish as it struggles to hold above the $3.00 support level. The digital asset faces mounting pressure after failing to breach the $3.150 resistance zone, now trading below both the $3.120 mark and its 100-hour moving average.

A descending trendline at $3.060 on the XRP/USD hourly chart (Kraken data) reinforces the resistance. The token briefly tested $3.250 before reversing course, with bears driving the price toward $2.971. Market participants watch the 23.6% Fibonacci retracement level for signs of reversal.

Recovery hinges on conquering the $3.060 barrier, which could propel XRP toward $3.120. Beyond lies the 50% Fib level NEAR $3.150 - a critical battleground for bulls seeking to regain dominance in this volatile session.

Ethereum Price Pulls Back Again, Will Buyers Step In at Critical Levels?

Ethereum's price correction gains momentum as ETH breaches key support levels, signaling potential further downside. The cryptocurrency now trades below $4,500 after failing to sustain momentum above $4,750, mirroring Bitcoin's recent weakness.

A bearish trend line formation at $4,520 on the hourly chart suggests continued selling pressure. The 100-hour moving average has flipped to resistance, with critical Fibonacci levels at $4,170-$4,782 range now being tested. Market participants watch the $4,250 zone as a decisive breakdown point that could accelerate declines toward $4,180 support.

Any recovery faces immediate resistance at $4,380, followed by more significant barriers at $4,440 and the psychological $4,500 level. The current technical setup reflects growing caution among traders after ETH's recent rally, with order book liquidity becoming concentrated around these key levels.

Qubic Community Targets Dogecoin After Monero 51% Attack

The Qubic community, known for its AI-focused blockchain initiatives, has voted to direct its next 51% attack at Dogecoin (DOGE). This decision follows its recent takeover of Monero's (XMR) network, which forced Kraken to suspend deposits and raised concerns about proof-of-work security.

Dogecoin emerged as the preferred target with over 300 community votes, surpassing alternatives like Kaspa (KAS) and Zcash (ZEC). The move comes after Qubic founder Sergey Ivancheglo, aka Come-from-Beyond, polled supporters on which ASIC-enabled blockchain to target next.

Last week's Monero attack saw Qubic's mining pool reorganize six blocks after a prolonged hashrate battle. While experts debate whether this proves full network control, risks of censorship and chain rewrites loom large for Dogecoin's $35 billion ecosystem.

Cryptocurrencies Show Mixed Signals Amid Market Volatility

Monero (XMR) continues its upward trajectory, marking a third consecutive day of gains as it eyes a wedge breakout. The privacy coin's momentum is bolstered by Qubic's dominance, now controlling over 51% of Monero's hashrate. Kraken has reinstated XMR deposits, though with heightened security measures requiring 720 confirmations.

Dogecoin (DOGE) faces downward pressure, sliding 4% toward the critical $0.21 support level. The decline follows Qubic community's vote to target Doge next, after their recent 51% attack on Monero. On-chain data reveals growing bearish sentiment, with holders realizing losses and traders increasing short positions.

Bitcoin (BTC), ethereum (ETH), and Ripple (XRP) exhibit weakening momentum across the broader market. BTC hovers near $116,000 support while ETH struggles to breach $4,488 resistance. XRP tests key levels at $2.99 as risk of deeper pullbacks looms.

Monero Eyes Wedge Breakout Amid Qubic's Hashrate Dominance

Monero (XMR) continues its upward trajectory for the third consecutive day, testing the 200-day Exponential Moving Average as bullish momentum builds. The privacy-focused cryptocurrency benefits from renewed demand following Qubic Protocol's capture of 51% of Monero's hashrate—a threshold granting transaction control and potential network influence.

Kraken has cautiously reinstated XMR deposits with heightened confirmation requirements, reflecting market unease over centralized mining power. Technical indicators favor bulls, with price action forming a falling wedge pattern historically associated with upward breakouts.

Qubic's August 11 hashrate milestone introduces both operational control and philosophical questions about decentralized governance. The mining collective maintains a temporary restraint on protocol changes pending internal deliberations, leaving Monero's future consensus rules in flux.

Dogecoin (DOGE) Battles Gravity, Can It Escape a Potential Freefall?

Dogecoin's price trajectory has taken a bearish turn, slipping below the $0.250 threshold against the US Dollar. The meme-inspired cryptocurrency now hovers near $0.2250, testing investor patience as it struggles to regain momentum.

A technical breakdown occurred when DOGE breached a rising channel support at $0.2295 on the hourly chart, with trading activity on Kraken showing persistent pressure below the 100-hour moving average. The 76.4% Fibonacci retracement level from its recent swing low of $0.2163 to $0.2430 now serves as critical support.

Market participants watch for potential reversal signals, with immediate resistance forming near $0.2295. A sustained recovery WOULD require conquering the $0.2420 zone where bears previously emerged, while failure to hold $0.2165 could accelerate declines.