Crypto prices recorded one of their biggest days in several months on August 19, and several major cryptocurrencies entered today with key price levels already under pressure.
Bitcoin moved above $69,000, Ethereum climbed more than 10%, and XRP, Solana, and Dogecoin recorded strong moves of their own. The rally came as several developments arrived almost at the same time.
The U.S. Treasury announced plans to double its long term bond buybacks from $2 billion to at least $4 billion per operation starting in September. The announcement supported expectations of more liquidity, lower yields, and a weaker dollar, conditions that can benefit risk assets such as crypto.
Short liquidations also accelerated the move. Roughly $1 billion to $1.4 billion worth of bearish positions were liquidated within 1 hour as prices moved higher. Forced purchases from those liquidations helped push the market further upward.
Washington also provided another catalyst after the White House held a crypto summit involving President Trump and major industry figures. The SEC also proposed Regulation Crypto Assets, a framework designed to provide clearer rules and certain exemptions for crypto investments.
Those developments helped produce yesterday’s rally, but today’s question is different. Can XRP price, Solana price, and Dogecoin price extend those moves, or will overbought conditions lead to consolidation and deeper pullbacks?
What you'll learn 👉
XRP Price Tests $1.08 Support After Its 13% Rally
XRP price climbed around 13% yesterday before giving back part of the move and closing near $1.10. Today’s price action has brought XRP back toward the nearest support around $1.08, where the token has already attempted a bounce.
The immediate range now runs from $1.08 to $1.12. XRP could remain inside that zone if neither side establishes control. A move above $1.12 could open the way toward $1.16 today, whereas losing $1.08 could expose the next downside area around $1.04.
The 5 hour indicators from Investing.com show strong bullish pressure, although the RSI presents an important warning.
RSI(14) stands at 83.879, which places XRP deep inside overbought territory. Such a high reading does not automatically mean XRP price must fall, but it shows yesterday’s rally pushed the market far above normal momentum levels. That leaves room for consolidation or a pullback if demand weakens.
STOCH(9,6) gives a more balanced reading at 54.153. This places short term momentum near the middle of its range and does not provide a strong directional signal.
MACD(12,26) remains positive at 0.021. The reading supports the bullish case because momentum still favors further upside after yesterday’s move.
Bull/Bear Power(13) stands at 0.1163. The positive figure shows buyers still have an advantage, which could become important if XRP makes another attempt at $1.12.
| Indicator | Value | What The Reading Means |
|---|---|---|
| RSI(14) | 83.879 | XRP is overbought, which increases the risk of consolidation or a pullback. |
| STOCH(9,6) | 54.153 | Short term momentum remains balanced without a strong directional signal. |
| MACD(12,26) | 0.021 | Positive momentum continues to support the bullish case. |
| Bull/Bear Power(13) | 0.1163 | Buyers still maintain an advantage after yesterday’s rally. |
XRP Price Prediction for Today Depends on the $1.08 to $1.12 Range
Bullish scenario: XRP price breaks above $1.12 and maintains the move. That could open a path toward $1.16 today.
Neutral scenario: XRP remains between $1.08 and $1.12 as the market digests yesterday’s 13% rally.
Bearish scenario: XRP loses the $1.08 support and remains below it. That could take the price toward $1.04 today.
Solana Price Targets $87 After Climbing From $77 to $87
Solana price recorded a major increase yesterday as SOL climbed roughly 13% from $77 to a high near $87. Some of those gains were later retraced, although SOL still closed around $85.
Today’s price action has already tested another support area. The next major question concerns whether SOL can clear yesterday’s $87 high.
A successful move above $87 could allow Solana price to extend toward $93 if bullish momentum remains strong. Reduced buying pressure could leave SOL trading between approximately $83.20 and $87 instead. A move below $83 would weaken the current setup and could send SOL toward $78.
Solana’s 5 hour indicators remain heavily bullish, although RSI once again provides the clearest warning.
RSI(14) stands at 85.299, placing SOL deep inside overbought territory. The reading shows extremely strong momentum, but it also means Solana may need time to cool after such a rapid move.
STOCH(9,6) stands at 59.241 and remains supportive of further upside. Unlike RSI, the stochastic reading has not reached an extreme level, which means short term momentum still has room to develop.
MACD(12,26) comes in at 2.116. The positive reading confirms strong bullish momentum remains present after yesterday’s rally.
Bull/Bear Power(13) stands at 9.636, another strong positive reading. Buyers currently hold the advantage, although maintaining that advantage around $87 will be important.
| Indicator | Value | What The Reading Means |
|---|---|---|
| RSI(14) | 85.299 | SOL is heavily overbought, which raises the possibility of consolidation or a pullback. |
| STOCH(9,6) | 59.241 | Short term momentum remains supportive without reaching an extreme level. |
| MACD(12,26) | 2.116 | Strong positive momentum continues to support higher prices. |
| Bull/Bear Power(13) | 9.636 | Buyers currently maintain strong control over short term price action. |
Solana Price Prediction for Today Puts $87 at the Center of the Next Move
Bullish scenario: Solana price breaks yesterday’s $87 high and maintains strong momentum. SOL could then extend toward $93 today.
Neutral scenario: SOL fails to clear $87 but continues defending the nearby support. Price could remain between approximately $83.20 and $87.
Bearish scenario: Solana loses the $83 support and stays below that level. Such a move could take SOL back toward $78 today.
Dogecoin Price Faces $0.076 Resistance as $0.073 Support Becomes Crucial
Dogecoin price followed the broader market rally yesterday and recorded a major spike before reaching resistance around $0.076. DOGE has cooled since reaching that area, which makes $0.073 the important support to watch today.
A break below $0.073 could send Dogecoin toward $0.070, with $0.068 becoming another possible downside level if selling pressure grows.
The bullish case depends heavily on $0.076. Another strong push could take DOGE above that resistance and potentially toward $0.079 today. Continued trading between $0.073 and $0.076 remains possible if neither buyers nor sellers establish stronger control.
DOGE’s 5 hour indicators still favor buyers overall, although the RSI shows that the recent rally has pushed momentum into overbought territory.
RSI(14) currently stands at 79.338. That reading shows Dogecoin is overbought and therefore vulnerable to further cooling if buyers cannot maintain yesterday’s strength.
STOCH(9,6) comes in at 50.589. The reading remains close to the midpoint and provides no strong directional advantage.
Read Also: Bitcoin Price Warning: This BTC Rally May Not Be What It Seems
MACD(12,26) stands at 0.001. The figure remains positive and supports the bullish setup, although the small reading means DOGE still needs continued buying pressure to extend the move.
Bull/Bear Power(13) stands at 0.0054. The positive reading indicates buyers retain an advantage, which supports another attempt at the $0.076 resistance.
| Indicator | Value | What The Reading Means |
|---|---|---|
| RSI(14) | 79.338 | DOGE is overbought, leaving the price vulnerable to further cooling. |
| STOCH(9,6) | 50.589 | Momentum remains balanced and offers little directional confirmation. |
| MACD(12,26) | 0.001 | Momentum remains positive and provides modest support for another upside attempt. |
| Bull/Bear Power(13) | 0.0054 | Buyers retain an advantage, although further strength is needed above resistance. |
Dogecoin Price Prediction for Today Depends on $0.073 Support Holding
Bullish scenario: Dogecoin price breaks above $0.076 and maintains yesterday’s bullish pressure. DOGE could then move toward $0.079 today.
Neutral scenario: DOGE remains trapped between $0.073 and $0.076 as yesterday’s move cools and both sides wait for a clearer direction.
Bearish scenario: Dogecoin breaks below $0.073 and fails to recover the level. DOGE could then fall toward $0.070, with $0.068 becoming possible if selling pressure continues.
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