XRP News Today: BlockDAG Surges 3000% as Ethereum and XRP Struggle at Resistance

Ethereum (ETH) and XRP continue to test key resistance levels, with limited momentum pushing through critical price thresholds, while BlockDAG (BDAG) has emerged as the top-trending cryptocurrency amid growing market interest. ETH is currently consolidating between $3,600 and $3,750, with $3,800 acting as a crucial resistance level. Traders are watching closely for a breakout that could signal renewed bullish intent. However, the RSI on the hourly chart shows buyers are not in full control, and the asset remains range-bound without a clear catalyst for a breakout [1]. Analysts suggest that a sustained close above $3,800 could lead to further gains toward $3,880, with a longer-term target of $4,120, while a drop below $3,600 could trigger a decline to $3,500 or lower [1].

XRP has seen a significant price move in the past 24 hours, rising from $2.92 to $3.05, a gain of 4.45%. The surge was fueled by a one-minute trading volume spike of $33 million, marking one of the largest in its history. Despite this, selling pressure and large liquidations valued at over $2.1 billion have created uncertainty for the asset. Additionally, a TD Sequential sell signal on the three-day chart suggests a possible slowdown in momentum [1]. The XRP price is currently encountering resistance at $3.09, and a regulatory update from the SEC by mid-August may provide clarity on its legal status and influence investor sentiment [1].

Meanwhile, BlockDAG is drawing considerable attention in the crypto market. In its presale, BDAG is available for $0.0016, significantly lower than its earlier Batch 29 price of $0.0276. The discounted price is set to end on August 11, after which the presale price will increase 17 times. The project has raised over $368 million and features a hybrid blockchain-DAG system that supports scalability, EVM compatibility, and efficient smart contract deployment [1]. With strategic partnerships with sports teams such as the Seattle Seawolves and Seattle Orcas, and the launch of the X1 mobile mining app with over 2 million users, BlockDAG is expanding its real-world applications [1]. The project also offers incentives including a 10 BTC giveaway and a 100 million token airdrop for participants before the presale concludes [1]. Upcoming listings on exchanges such as MEXC, LBank, and BitMart are expected to increase its visibility and liquidity [1].

While Ethereum and XRP remain within their technical boundaries, BlockDAG is gaining traction as a high-growth opportunity. At its current presale price, BDAG is projected to reach a $0.05 launch price, offering a potential return on investment of approximately 3,000%. With Ethereum’s price prediction leaning toward modest upside and XRP awaiting regulatory updates, BlockDAG is positioning itself as a leading contender for near-term and long-term gains [1].

Sources:

[1] title: BlockDAG Leads the Top-Trending Crypto Chart as Ethereum and XRP Face Key Barriers

url: https://coinmarketcap.com/community/articles/6898b89ad2aecc707a2ad87e/