XRP News Today: XRP Holds $3.00 Support Amid Regulatory Hurdles and TRX Resists $1.4B Selloff

Generated by AI AgentCoin World
Monday, Aug 11, 2025 6:21 am ET1min read
Aime RobotAime Summary

- XRP consolidates near $3.00 support after failing to break past $3.11 resistance, with regulatory hurdles and 42 banks opposing Ripple's license application adding uncertainty.

- TRX resists $1.4B selloff at $0.33, showing bullish technical indicators and increased futures open interest despite major profit-taking by long-term holders.

- BlockDAG concludes $0.0016 presale with $370M raised, securing 5 exchange listings and expanding Web3 sports partnerships through Seattle franchises.

- Market dynamics show $2.1B divestments balanced by leveraged longs, while U.S. tariffs and accumulation patterns suggest short-term volatility for crypto assets.

XRP remains in a consolidation phase around the $3.00 support level, having failed multiple attempts to break past the $3.11 resistance. The price closed at $3.04 following a 5% daily gain, yet traders remain cautious due to a TD Sequential indicator flashing a 9-count, signaling potential short-term exhaustion [1]. On-chain metrics show $2.1 billion in divestments offset by $14 million in leveraged longs, maintaining a balance in the market’s direction. The key buy zone at $3.00–$3.02 continues to hold, and sellers appear to have limited further movement above $3.05. The ongoing regulatory challenges, including 42 traditional banks opposing Ripple’s banking license application, add uncertainty to XRP’s near-term outlook [1].

TRON (TRX) has shown resilience at $0.33 despite a $1.4 billion selloff, one of the largest profit-taking events of 2025 [1]. Long-term holders accounted for the majority of these sales, locking in multi-year gains. However, futures open interest increased from 1.49B to 1.56B TRX, reflecting continued optimism among traders. Technical indicators such as RSI and Stochastic remain above neutral, supporting a bullish bias. A break above $0.33 could open the path to a $0.35 retest, with support near $0.30, just above the 50-day EMA. The implementation of U.S. tariffs on 68 countries this week may introduce some near-term volatility, but for now, the price action suggests quiet accumulation amid significant selling pressure [1].

BlockDAG (BDAG) is concluding its presale phase at $0.0016, with a scheduled 17x price increase to $0.0276 set to take effect today [1]. Over $370 million has been raised, and the project has moved past the speculation stage into actual delivery. The launch of Dashboard V4 provides users with real-time tracking, simulated trading, and live price charts, signaling the platform’s transition from a presale to a functioning ecosystem. BlockDAG’s partnerships with Seattle-based sports franchises, including the Orcas and Seawolves, are expanding Web3’s reach into mainstream sports through co-branded digital assets and tokenized experiences. The project also secured five exchange listings—MEXC, LBank, CoinStore, XT.com, and BitMart—with a $0.05 launch price, implying over 3,000% potential upside [1].

While

XRP
and TRX face resistance and policy-related uncertainties, BlockDAG is making steady progress with tangible infrastructure, active user engagement, and strategic partnerships. With less than a week remaining at $0.0016, the final stretch of the presale represents a critical juncture for early participants [1].

Source: [1] XRP Price Analysis Holds $3.00 Support,

Tron
Price Action Resists $1.4B Selloff, BlockDAG $0.0016 Ends Today (https://crypto-economy.com/xrp-price-analysis-holds-3-00-support-tron-price-action-resists-1-4b-selloff-blockdag-0-0016-ends-today/)