The crypto market is down 1% to $2.61 trillion over the past 24 hours as renewed U.S.-Iran military strikes push oil to $90 per barrel and revive inflation fears. Crypto has a 60% correlation
The crypto market is down 1% to $2.61 trillion over the past 24 hours as renewed U.S.-Iran military strikes push oil to $90 per barrel and revive inflation fears.
Crypto has a 60% correlation with Gold, showing how both markets are reacting to uncertainty, and more than $400 million in leveraged positions have been liquidated. A whale also deposited 41,000 ETH to exchanges, adding potential sell pressure.
With macro risks hitting crypto at the same time as several key technical levels, today could determine whether Bitcoin, XRP, and Ethereum can recover or if sellers remain in control.
We pulled up the chart. Bitcoin is at $78,013, down a tiny 0.22%. It bounced off support near $77,584, which is a Fibonacci level.
Right now, the nearest floor is $76,400 to $77,000. Up above, the first ceiling is $80,000 to $82,000, then $82,500 after that.
Source: Tradingview.comThe RSI is at 47.64, the STOCH is 41.63, and the Ultimate Oscillator is 49.31. All three are right around the middle, neither hot nor cold. The MACD is negative at -74.81, which tells us sellers still have the upper hand. Buyers need to show more muscle before the Bitcoin price can take a run at $80,000.
Trading volume has been lighter during this pullback. That often means things might slow down and go sideways for a bit. The $77,584 Fibonacci level is still worth watching, if the Bitcoin price holds there, buyers could step back in.
If that level breaks, we could drop toward $76,000–$75,000. But if Bitcoin climbs back above $80,000, then $82,000–$82,500 comes into view.
IndicatorReadingSignalRSI47.64NeutralSTOCH41.63NeutralUltimate Oscillator49.31NeutralMACD-74.81BearishU.S. spot Bitcoin ETFs held $101.42 billion in assets on August 31. A month earlier, that number was $79.22 billion. So we’re looking at roughly $22.2 billion more flowing in. That’s a lot of institutional money parked in Bitcoin, even with the recent market softness.
That ETF money acts like a cushion against sellers. It’s one of the biggest reasons to think Bitcoin has solid ground underneath it.
The Fear & Greed Index dropped from 81 to 74. It moved out of “Extreme Greed” and into plain “Greed.” That tells us people are a little less hyped after the big run-up. But 74 is still on the optimistic side. And honestly, less extreme greed might be a good thing—fewer people piling in with borrowed money, less panic-buying, and maybe a calmer market overall.
Bitcoin dominance has climbed to 59.71%, close to its yearly high, as traders favor BTC over higher-risk altcoins. The CMC Altcoin Season Index at 24 confirms that capital remains concentrated in Bitcoin.
This gives the BTC price an advantage during the present macro uncertainty because traders tend to favor the market’s largest and most liquid asset during periods of elevated risk.
Bullish Prediction:
A break above $80,000 could push the Bitcoin price toward $82,000-$82,500.
Neutral Prediction:
The BTC price could remain between $77,000 and $80,000.
Bearish Prediction:
Losing $77,000 could send the Bitcoin price toward $76,000-$75,000.
We had a look at the chart, and the XRP price is trading at $1.36, down 2.54%, with $1.35 acting as the main support zone.Ripple’s XRP has struggled below $1.40, with stronger resistance around $1.45-$1.50. A move above $1.40 would give buyers more room to recover, but a break below $1.35 could expose $1.31-$1.24.
Source: Tradingview.comThe momentum readings are weaker than Bitcoin’s. RSI at 39.50 and STOCH at 28.60 put XRP near oversold territory, giving the market room for a relief move. The Ultimate Oscillator is 43.87, also below 50, and MACD at -0.0031 remains bearish.
Trading activity has also eased during the decline, which could mean selling pressure is becoming less aggressive around $1.35. This makes the support zone especially important for the next move. If buyers defend $1.35, the XRP price could retest $1.40-$1.45, but a daily close below $1.35 would put $1.24 into view.
IndicatorReadingSignalRSI39.50OversoldSTOCH28.60OversoldUltimate Oscillator43.87NeutralMACD-0.0031BearishAn XRP ETF has reportedly changed its pricing benchmark to a FTSE index, affecting how its net asset value is calculated without changing the XRP asset itself.
For ETF investors, the update mainly affects NAV calculations, spreads and tracking error, so its direct effect on spot XRP is limited. Traders should monitor ETF documents, FTSE methodology and whether other XRP funds adopt the same benchmark.
Ripple’s XRP is also facing pressure from broader altcoin weakness, with the CMC Altcoin Season Index at 24, showing that the market remains in Bitcoin Season. XRP has fallen 2.54%, compared with Bitcoin’s 0.22% decline, showing the token’s greater sensitivity to risk appetite. A move in the Altcoin Season Index above 50 would create a stronger environment for XRP and other large-cap altcoins.
Leverage has added more pressure, with XRP’s estimated leverage ratio on Binance reaching a seven-month high before the decline. Ripple Prime has also launched a Delta One desk with more than $1 billion in regulatory net capital, giving hedge funds and asset managers access to total-return swaps across equities, indices and digital assets, with XRP accepted as collateral.
Evernorth’s effective Form S-4, its treasury of more than 473 million XRP, planned Nasdaq listing under XRPN, and the reported ProShares XRP ETF filing all provide potential institutional catalysts for the XRP price.
Related XRP News: XRP Price’s Latest Dump May Be Hiding a Bigger Move!
Bullish Prediction:
Breaking $1.40 could send the XRP price toward $1.45-$1.50.
Neutral Prediction:
XRP could trade between $1.35 and $1.40.
Bearish Prediction:
Losing $1.35 could expose the XRP price to $1.31-$1.24.
We had a look at the chart, and the ETH price is trading at $2,444, up 1.13%, after defending the $2,400 support zone. Resistance remains at $2,520-$2,535, followed by $2,750-$2,800, with $2,400 acting as the key level for the short-term trend. A break below $2,400 could expose $2,350-$2,300.
Source: Tradingview.comEthereum’s indicators are all over the place. RSI is 46.92, the Ultimate Oscillator is 47.01, and STOCH is 36.42, all either below or right around the middle. MACD is negative at -3.72, so sellers are still in control. The ETH price needs more buying power to get back above $2,500 and then test $2,520–$2,535.
Volume dried up during this drop. That usually means the price might flatten out and hang around support for a bit. The $2,400 level has been a launchpad before, last time it held, ETH ran up to $2,765–$2,885. So that’s a key spot for buyers to defend.
If $2,400 holds, we could see a bounce back toward $2,520. But if it breaks, $2,300 is the next stop down.
IndicatorReadingSignalRSI46.92NeutralSTOCH36.42NeutralUltimate Oscillator47.01NeutralMACD-3.72BearishEthereum developers have drafted a quantum-safe validator deposit contract designed to protect about 42.4 million staked ETH, valued at roughly $104 billion. The proposed EIP would support multiple signature schemes and eventually allow Ethereum to move away from today’s BLS-based validator keys.
The proposal remains at an early stage, with no post-quantum algorithm selected and a rough security roadmap targeting 2029, so the upgrade would require several stages of development.
The wider market is under pressure after renewed U.S.-Iran military strikes pushed oil toward $90 per barrel and revived inflation concerns. Almost $400 million in crypto positions were liquidated over 24 hours, with leveraged longs accounting for most of the losses. Ethereum has greater sensitivity to risk appetite, so renewed macro pressure can weigh heavily on the ETH price.
Ethereum also faced rejection from the $2,520-$2,535 resistance zone, creating a clear ceiling for the latest recovery attempt. Perpetual funding rates have turned negative, showing that bullish leverage has declined, and the 41,000 ETH whale deposit to exchanges adds another possible source of supply. If oil prices stabilize and liquidation pressure falls, ETH could retest $2,520, but continued macro pressure could keep $2,400 under threat.
Bullish Prediction:
Breaking $2,520 could push the Ethereum price toward $2,750-$2,800.
Neutral Prediction:
ETH could remain between $2,400 and $2,520.
Bearish Prediction:
Losing $2,400 could send the Ethereum price toward $2,350-$2,300.
Bitcoin could recover toward $80,000-$82,000 if it holds the $77,584 support level and buying pressure returns. A break below $77,000 could instead expose $76,000-$75,000.
Why is XRP price falling todayThe XRP price is under pressure from the broader Bitcoin Season, elevated leverage and renewed geopolitical risk. XRP’s RSI of 39.50 and STOCH of 28.60 also show that the token is approaching oversold territory.
What is Ethereum’s quantum-safe upgradeEthereum developers have proposed a new validator deposit contract designed to protect roughly 42.4 million staked ETH, worth about $104 billion, from future quantum-computing threats. The proposal remains early-stage, with a rough security roadmap targeting around 2029.
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The post Crypto Price Prediction for Today, August 31: Bitcoin (BTC), XRP, and Ethereum (ETH) appeared first on CaptainAltcoin.
