Join Our Telegram channel to stay up to date on breaking news coverage
The XRP price is up over 3% in the past 24 hours to trade at $3.299 as of 4:47 a.m. EST, with a 4.1% drop in trading volumes to $5.1 billion.
This comes as BlackRock denied the speculation by Nate Geraci that the firm would join the XRP ETF (exchange-traded fund) race.
Nevertheless, Geraci remains confident that BlackRock will eventually join the spot Solana and XRP ETF sweepstakes.
Yes, I think BlackRock was waiting to see this before filing for iShares XRP ETF…
I’ll own it if I’m wrong.
IMO, makes *zero* sense for them to ignore crypto assets beyond btc & eth.
Otherwise, they’re basically saying btc & eth are only ones that will ever have value. Bold. pic.twitter.com/FtBqMRFpOl
— Nate Geraci (@NateGeraci) August 8, 2025
The Ripple token price is up 19% in the last month, which helped XRP soar to a new all-time high (ATH) at $3.65, according to CoinGecko. With the price of XRP now being down over 9% from its ATH, can the bulls resume the uptrend?
XRP Price Poised For Next Leg Up After Golden Cross Breakout
The XRP price on the daily chart shows a strong bullish breakout from a long-term descending triangle pattern, confirmed by a decisive move above both the 50-day and 200-day Simple Moving Averages (SMAs).
The upward move was further supported by a golden cross, where the 50-day SMA crossed above the 200-day SMA at $2.39, historically a sign of sustained bullish momentum, as GeckoTerminal data shows.
Following the breakout, the Ripple token price surged past the 0.236 Fibonacci retracement level at $2.934, reaching highs near $3.68 before consolidating around the $3.30 zone.
The Relative Strength Index RSI currently sits at 59.48, indicating that the market is in bullish territory without yet being overbought, leaving room for potential upside.
Meanwhile, the Moving Average Convergence Divergence (MACD) blue line is slightly above the orange signal line, hinting at a continuation of bullish momentum despite a recent consolidation.
XRP appears poised for another test of the $3.68 resistance zone. If this level is broken with conviction, the next likely target could be the psychological $4.00 mark.
However, failure to hold above the $3.00–$3.10 support area could lead to a retest of the 50-day SMA near $2.81 before the next bullish attempt.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to 99Bitcoins, a popular crypto YouTube channel with over 723K subscribers, SNORT could potentially soar 10X on launch.
Snorter Token Presale Rushes Toward $3 Million
Snorter Token is a Telegram-based trading bot for crypto that offers a wide range of tools and features designed to simplify the crypto trading process for retail investors.
The project comes as an assistant built to help everyday traders snipe high-upside meme coins the moment they launch, with the speed, automation, and protection that until now was only available to whales.
Its advanced algorithms help investors navigate volatile markets, automate risk management, and capitalize on opportunities faster than manual trading.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
However, Snorter bot beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other crypto trading bots.
The SNORT token, the project’s native cryptocurrency, has seen a growing investor base and community interest during its presale phase, having raised over $2.98 million.
The token is selling for $0.1009 and is available for purchase through SOL, ETH, BNB, or bank card. After purchase, investors can also stake the tokens for a huge 147% annual return.
Interested investors will want to buy before a price hike in about 1 day.
Related News:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage