XRP News Today: Ethereum Trapped Below $3,700 as XRP Surges 65% and BlockDAG Approaches 17x Price Jump in 48 Hours

Ethereum remains near $3,600, confined within a $3,500–$3,700 range amid profit-taking and a broader market cooldown [1]. Repeated attempts to break the $4,000 resistance have failed, indicating lingering market hesitation. Binance futures data reveals a taker buy/sell ratio of 0.87, the lowest level of the year, pointing to strong selling pressure [1]. Meanwhile, 7-day and 30-day SMAs are trending downward, reinforcing expectations of a short-term pause in ETH's upward trajectory [1]. Analysts, however, highlight a potential bullish pattern—a large monthly triangle formation—that could drive ETH toward $8,000–$10,000 if a breakout occurs [1].

XRP has climbed over 65% in July, reaching a 12-month high of $3.84 before consolidating in the $3.00–$3.10 range [1]. The price remains above key Fibonacci support, with momentum sustained by large holders and leveraged long positions. Institutional inflows are also shaping the broader forecast, with over $300 million entering XRP-linked products [1]. The launch of the ProShares XRP futures ETF in July has increased the probability of spot ETF approval to over 80% [1]. Analysts forecast a price target of $5.50, with potential to reach $6.00–$7.00 if $3.50 is cleared [1]. The SEC’s August 15 legal deadline adds further uncertainty, making regulatory clarity a key driver for XRP’s near-term trajectory [1].

BlockDAG (BDAG) has emerged as a standout in the crypto market, with its current Global Launch price of $0.0016 set to reset to $0.0276 on August 11, a planned 17x increase within 48 hours [1]. This dramatic price jump is creating urgency for investors to secure positions before the final countdown. To date, BlockDAG has raised over $369 million, placing it among the largest presales in the industry [1]. The project has launched Dashboard V4, offering real-time presale stats, simulated trading, and user tracking—features rarely seen at this stage [1]. The X1 mining app has also reached over 2.5 million users, demonstrating active engagement [1].

BlockDAG’s strategic partnerships with professional sports teams such as the Seattle Orcas and Seattle Seawolves are integrating Web3 experiences into mainstream sports, further expanding blockchain adoption [1]. A 10 BTC giveaway auction is running until August 11, with larger purchases qualifying for higher multipliers, adding to the final-day urgency [1]. Five major exchanges—MEXC, LBank, CoinStore, XT.com, and BitMart—have confirmed listings, with a planned post-launch price of $0.05 offering over 3,000% potential upside from the current presale price [1]. These developments, combined with a fixed timeline and tangible infrastructure, position BlockDAG as a time-sensitive investment opportunity [1].

Ethereum and XRP continue to test key resistance levels, but BlockDAG’s structured price roadmap and rapid execution have captured significant attention in the market [1]. As investors weigh the potential for regulatory outcomes and ETF approvals for XRP and ETH, BlockDAG offers a distinct opportunity with limited time remaining at its presale price of $0.0016 [1]. The decision for market participants is clear: either wait for traditional assets to break out or act before BlockDAG’s price window closes [1].

Source: [1] BlockDAG's $0.0016 Price Ends In 48H, Ethereum & XRP... (https://blockchainreporter.net/eth-xrp-stand-firm-while-blockdags-0-0016-price-window-fades-in-24-hours-driving-top-trending-crypto-buzz/)