Zcash climbed through $1,000 while Bitcoin briefly traded above $82,000 after a softer signal from Federal Reserve Governor Christopher Waller drew buyers back to risk assets. The move lifted the wider crypto market to its highest valuation in more than seven months, although strong US employment data later cooled the rally.
By John Isige Until mid-August, XRP/USD traded steadily lower within a long-term downtrend. Two weeks ago, the pair staged a strong corrective rebound after the US Treasury announced that it would increase the maximum size of long-end liquidity-support buybacks from $2.0 billion to at least $4.0 billion per operation, effective September 9. The measure is intended to improve Treasury-market liquidity rather than inject capital directly into cryptocurrencies. However, the initial decline in long-term yields supported a broader risk-on move, examined by FORECK.INFO in its recent analysis of the market reaction. XRP/USD reached the 1.6970 area before reversing lower. The pair is now approaching the 1.3060–1.2695 support zone, formed by the middle Bollinger Band and Murrey [5/8] level. A break below 1.2695 could open the way toward 1.1718, the Murrey [4/8] level, followed by 0.9765, the Murrey [2/8] level, and 0.7812, the Murrey [0/8] level. Conversely, consolidation above 1.5625, the Murrey [8/8] level, could support a recovery toward 1.7578, the Murrey [+2/8] level, and 1.9980, the 50.0% Fibonacci retracement.
By Andrew Bennett The SOL/USD pair has broken out of the "symmetric triangle" pattern, moving above its upper boundary, and has been steadily rising for the second consecutive week. Currently, the price is testing the 100.00 level (Murray [8/8]). A confirmed breakout above this level could open the way toward targets at 112.50 (Murray [+2/8]) and 125.00 (Murray [4/8], W1). However, a move below the middle Bollinger Band level at 81.25 (Murray [5/8]) could trigger a renewed decline toward 62.50 (Murray [2/8]) and 50.00 (Murray [0/8]).
By John Isige For roughly three months, XRP/USD traded sideways within the 1.1718–1.0253 range, corresponding to the Murrey [4/8]–[1/8] levels. Since mid-July, however, the pair has resumed its decline amid uncertainty surrounding delayed Senate consideration of the CLARITY Act. The legislation is intended to establish a broader US regulatory framework for digital assets, but it does not specifically classify XRP as a non-security. XRP's legal treatment remains tied to the Ripple case, in which the court did not find XRP itself to be inherently a security, while certain institutional sales were treated as investment contracts.
By John Isige SOL/USD has been trending lower since last month. However, the pair has recently recovered part of its losses and is now trading near the middle Bollinger Band at 75.00, the Murrey [4/8] level. Overall, the chart resembles a Symmetrical Triangle pattern, which could break in either direction. If the price consolidates below the lower Bollinger Band at 71.88, the Murrey [3/8] level, the decline may continue toward 62.50, the Murrey [0/8] level, and 56.25, the Murrey [–2/8] level. However, a breakout above 78.12, the Murrey [5/8] level, could support a renewed advance toward 87.50, the Murrey [8/8] level, 93.75, the Murrey [+2/8] level, and 98.40, the area of the May highs.
By John Isige Ethereum researchers have proposed a major change to ETH issuance that would gradually burn a larger share of validator rewards as the staking ratio rises. The idea is not to impose a hard 50% staking cap, but to remove the protocol-level incentive for staking to keep expanding beyond that point.
By John Isige Ethereum researchers have proposed burning a growing share of validator rewards in an attempt to prevent the staking ratio from rising indefinitely. The draft, known as EIP-8363, has already triggered a heated debate over validator economics, decentralisation and the possible consequences for DeFi.
By John Isige Since late June, ETH/USD has been attempting an upward correction within a long-term downtrend. However, the price has now remained within the sideways range of 1937.50–1812.50, corresponding to the Murrey [7/8]–[5/8] levels, for more than three weeks. The prolonged slowdown in price growth may indicate that the upside potential is becoming exhausted. Nevertheless, a breakout above 2000.00, the Murrey [8/8] level and the middle Bollinger Band on the weekly chart, could support an advance toward 2125.00, the Murrey [+2/8] level, and 2500.00, the Murrey [4/8] level on the weekly chart. However, if the price consolidates below 1750.00, the Murrey [4/8] level, the decline may resume toward 1500.00, the Murrey [0/8] level, and 1375.00, the Murrey [–2/8] level.
By John Isige Since the beginning of the month, SOL/USD has remained under pressure, trading near 71.88, the Murrey [3/8] level. The chart configuration resembles a symmetrical triangle that may break in either direction. A sustained move below 71.88, which also coincides with the lower Bollinger Band, could push the pair toward 65.62, the Murrey [1/8] level, and 62.50, the Murrey [0/8] level. Meanwhile, a breakout above 78.12, the Murrey [5/8] level, would breach the upper boundary of the pattern and strengthen bullish momentum, opening the way toward 87.50, the Murrey [8/8] level, and 93.75, the Murrey [+2/8] level.
