XRP News Today: XRP and Dogecoin Face Downward Pressure Amid Technical Weakness and Legal Uncertainty

XRP and Dogecoin are facing increasing technical pressures as of early August 2025, with both cryptocurrencies showing signs of potential downward momentum. XRP, trading within a narrow range of $3.40–$3.50, is exhibiting a price squeeze, a pattern typically preceding a breakout or breakdown. This consolidation is reinforced by the convergence of moving averages, suggesting that significant volatility could emerge at any time. The asset is also under pressure from ongoing legal challenges involving the U.S. Securities and Exchange Commission (SEC), which remain a key factor in shaping market sentiment and investor expectations. Analysts at DeepSeek AI have forecast a potential price range of $3.50 to $5.00 for XRP by year-end, assuming a favorable legal outcome for Ripple with a 70% probability [1]. However, overbought conditions and recent price fluctuations point to a likely near-term correction [2].

Dogecoin, meanwhile, is testing a critical support level between $0.21 and $0.22 after forming a double top pattern. This technical formation is traditionally viewed as a bearish signal, indicating that previous bullish momentum is waning. Analysts have highlighted that Dogecoin’s failure to break above the $0.30 threshold has shifted the narrative toward caution, with traders closely watching for a breakdown below key support levels [3]. A reversal could trigger further declines, especially if broader market conditions remain bearish.

Ethereum, in contrast, is showing mixed signals. On August 11, 2025, the cryptocurrency briefly rose above 4,300 USDT before retreating to 4,199.31 USDT, marking a 2.84% decline in the previous 24 hours [4]. While the asset has shown resilience amid a broader market correction, signs of fatigue are emerging. The Relative Strength Index (RSI) is showing divergence, suggesting that rising prices are not supported by strong underlying momentum. This divergence raises concerns about the sustainability of Ethereum’s bullish trend and points to the possibility of a deeper correction if bearish forces gain control [5]. The Fear and Greed Index also reflects a cooling of trader sentiment, though some analysts argue that Ethereum could still find upward traction if the broader crypto market stabilizes [6].

Market participants are closely monitoring these technical developments, particularly as macroeconomic signals and institutional activity continue to shape investor behavior. XRP’s legal environment remains a critical determinant of its short-term outlook, with large-holder activity and regulatory clarity playing key roles. Ethereum, on the other hand, appears to be navigating a more complex landscape, balancing speculative interest with fundamental factors such as ETF developments and network adoption.

Sources:

[1] https://www.financemagnates.com/trending/xrp-price-approaches-support-level-following-secs-regulation-d-waiver/

[2] https://www.binance.com/en/square/news/xrp-news

[3] https://cfgi.io/ethereum-fear-greed-index/

[4] https://m.economictimes.com/crypto-news-today-live-11-aug-2025/liveblog/123223005.cms

[5] https://www.binance.com/en/square/news/all