Ripple (XRP) displays bullish potential, trading above $2.98 on Monday as cryptocurrency prices generally recover. A break above the immediate $3.00 hurdle could bolster XRP’s technical structure, increasing the chances of a 23% breakout to its all-time high of $3.66 reached on July 18.
Meme coins based on the Solana ecosystem are warming up, with Pump.fun (PUMP) becoming the top revenue-generating protocol in the crypto market, now only behind stablecoin issuers like Tether and Circle, underpinned by its new creator fee model.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are at a near standstill ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole economic policy symposium scheduled at 14:00 GMT.