Daily Crypto Signals: $13.8B Bitcoin Options Expiry Looms, XRP Eyes Q4 Moonshot Above $3
Bitcoin faces a critical $13.8 billion options expiry that could determine if the recent 9.7% correction marks the end of the bull run
Quick overview
- Bitcoin faces a critical $13.8 billion options expiry that could determine the future of its bull run after a recent 9.7% correction.
- XRP shows bullish fractal patterns suggesting a potential rally to $4.35, despite closing below the key $3 psychological level.
- Solana has bullish technical indicators pointing towards a price target of $260, following a recent recovery and strong investor confidence.
- The crypto market is evolving with increased institutional adoption and clearer regulations, as highlighted by State Street's involvement in tokenized debt.
Bitcoin BTC/USD faces a critical $13.8 billion options expiry that could determine if the recent 9.7% correction marks the end of the bull run, while XRP XRP/USD shows bullish fractal patterns suggesting a potential rally to $4.35 despite closing below the key $3 psychological level.
Crypto Market Developments
The crypto industry is at a turning point right now because more institutions are using it and the rules are becoming clearer. State Street was the first custodian to join JPMorgan’s tokenized debt platform. They bought $100 million in tokenized commercial debt, which was a big step forward for the use of digital assets in everyday life. At the same time, Gemini got a MiCA license in Malta, which lets it do business in 30 European countries. US Federal Reserve Governor Christopher Waller told his colleagues not to be afraid of decentralized finance, saying it was “nothing to be afraid of” and that it was just “new technology to transfer objects and record transactions.”
Bitcoin Dips to $112,000
Bitcoin is at a very important point right now. On August 29, $13.8 billion in options will expire. Many traders think this will be the moment that decides whether the recent drop below $112,100 is just a momentary pause or the end of the current bull run. The options market has $7.44 billion in call options and $6.37 billion in put contracts. However, most optimistic methods don’t seem ready for prices below $114,000, since only 12% of call options are at $115,000 or below.
Bears have great reasons to push Bitcoin below $114,000 before the expiration, as there are a lot of put options at $112,000. Bitcoin would have to move over $116,000 by the expiration date for bullish ideas to work. The conclusion will depend a lot on bigger macroeconomic variables, such what Federal Reserve Chair Jerome Powell says next and continued worries about expenditure in the artificial intelligence field that have made investors less willing to take risks in both traditional and crypto markets.
XRP Price Prediction: $4.35 Next Target?
Even though it closed below the $3 mark, XRP is showing a strong bullish fractal pattern that is similar to its setup in January, when the token rose to $3.40 and then fell to $1.60 in April. The current structure shows a similar path, with a decent value difference between $2.32 and $2.66 that could be a place to build up again before the next big rally phase.
According to technical research, XRP might go up by 60–85% in the fourth quarter, with the possibility to reach the $4.35–$4.85 area. The key turning point is at $3.85; over that, XRP would go into price discovery mode. Whale flows are still negative in the short term, which means that the $2.65-$2.33 area could go down. However, this selling pressure seems to be running out of steam, just like it did before XRP’s big rise in the second half of 2024.
Solana Price Prediction: $260 Next Key Target?
Solana SOL/USD has some of the most bullish technical settings in the cryptocurrency market right now, with several indications pointing to a price objective of $260. SOL hit a six-month high of $209, then fell 16% to $175 before bouncing back to about $180, where it is now. This pattern, called a bull flag, usually means that the price will keep going up.
The weekly chart shows that SOL started to recover in a V-shape in late 2024. It is now trading above all of the main moving averages on both daily and weekly timeframes. Technical analysts say that an ascending triangle pattern might push SOL up to objectives of $205, $225, and $268. The relative strength index has gone up from 34 to 54, which means that bullish momentum is building steadily. Onchain metrics like growing DeFi dominance, rising fees, and strong transaction throughput continue to sustain network demand and investor confidence in SOL’s long-term prospects.
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