Crypto Price Prediction for Today, August 23: Solana (SOL), XRP, and Ethereum (ETH)
The crypto market is down 1.83% to $2.57 trillion over the past 24 hours as heavy short positioning from Wintermute helped trigger a weekend liquidation cascade.
The market maker built more than $146 million in short futures positions and moved about $60 million in BTC and SOL to exchanges, adding selling pressure after an extended rally.
Crypto also has a 94% correlation with Gold over the past week, showing how closely both markets are trading around macro uncertainty.
With BTC needing to hold $75.5K to support consolidation, today could be important for SOL, XRP, and ETH. The question is whether buyers can defend key support levels after the latest cooling in momentum.
What you'll learn 👉
Solana Price: Can SOL Defend $90 After Its Rally?
We had a look at the chart, and the structure remains bullish despite the latest decline. SOL is trading at $92.44, down 1.43%, after climbing from around $76 to above $102 in only a few sessions. That move pushed SOL through the important $84 resistance, which has now become the first major support zone to watch.
Buyers are still holding the line above $90, but that early pop has faded. The price isn’t crashing, it’s just lost its snap.
Next big test is $98. If they clear that, then 102–103 comes back into play. And if the SOL price can stay above $90 and push past $98, we’re looking at another run at that $102 area.
The numbers back that up too. RSI is 64.28, still bullish, but not overheated yet. STOCH is 33.00, and the Ultimate Oscillator is 45.48, both pointing to weaker buying pressure right now. But the MACD is still positive at 3.45, so the bigger trend hasn’t broken. It’s just taking a breather.
| Indicator | Reading | Signal |
|---|---|---|
| RSI | 64.28 | Bullish |
| STOCH | 33.00 | Neutral |
| Ultimate Oscillator | 45.48 | Neutral |
| MACD | 3.45 | Bullish |
What Is Moving the Solana Price Today?
Solana’s Agave 4.2 upgrade could cut the rent-exempt deposit for a standard SPL token account from about $0.16 to $0.016, representing a reduction of up to 90%. Cheaper account creation can lower costs for DeFi, gaming, tokenization platforms, and applications that need large amounts of on-chain data.
The network also activated the first phase of SIMD-0525 on August 22, reducing target slot time from 400ms to 350ms.
This is the first of four planned 50ms reductions toward a 200ms target, which could reduce confirmation latency and improve trading and consumer applications.
Investor demand is also getting support from Bitwise’s Solana Staking ETF, which has recorded more than $20 million in inflows. Solana’s first major on-chain governance votes are also due around August 23, covering the Solana Constitution, the disinflation rate, and new fee mechanics.
Solana Price Prediction for Today
Bullish Prediction:
If the SOL price reclaims $98, the next target is $102 – $105
Neutral Prediction:
SOL could remain between $90 and $98 as traders digest the recent rally.
Bearish Prediction:
Losing $90 would put $84 back in focus, followed by $80.
XRP Price: Can Buyers Push Back Toward $1.70?
We had a look at the chart, and the token is consolidating after one of the strongest moves across the three assets. XRP is trading at $1.45, down 0.77%, after climbing from around $1.00 to almost $1.70. The move broke the previous downtrend, but the latest candles show increased selling around the $1.50 – $1.55 area.
The chart now has a clear resistance zone around $1.55, with the bigger barrier near $1.70. On the downside, $1.40 is the first level buyers need to defend, followed by the breakout region around $1.30 – $1.35. Holding above $1.40 would keep the recent bullish structure intact.
The momentum readings are still constructive but are no longer at extreme levels. RSI is 63.99, STOCH is 43.51, and the Ultimate Oscillator is 51.08, showing that buying pressure has cooled without becoming bearish. MACD remains positive at 0.1039, keeping the broader momentum setup tilted toward buyers.
| Indicator | Reading | Signal |
|---|---|---|
| RSI | 63.99 | Bullish |
| STOCH | 43.51 | Neutral |
| Ultimate Oscillator | 51.08 | Neutral |
| MACD | 0.1039 | Bullish |
Why the XRP Price Is Still Getting Support
XRP ETFs recorded about $39.78 million in net inflows last week, taking cumulative inflows since launch to roughly $1.55 billion. The August 21 session alone brought $18.38 million, giving XRP its strongest ETF week since May and providing a fresh source of institutional demand.
Leverage is also entering the market, with a whale opening at $3.08 million XRP long using 20x leverage near $1.5465. At the same time, traders who bought between $1.00 and $1.10 have been taking profits, which can create extra selling around the current levels.
The regulatory backdrop has also improved after the August 19 White House crypto policy summit, with XRP gaining roughly 30% in two days.
The move pushed RSI as high as 83.63, showing how quickly the rally became stretched and why the XRP price may need to consolidate before another attempt at $1.70.
Related XRP News: How High Can Ripple’s XRP Price Go This Week?
XRP Price Prediction for Today
Bullish Prediction:
A break above $1.55 could send the XRP price toward 1.65–1.70.
Neutral Prediction:
Ripple’s XRP could remain between $1.40 and $1.55.
Bearish Prediction:
Losing $1.40 could expose $1.30, followed by $1.20.
Ethereum Price News: Can ETH Recover $2,500?
We had a look at the chart, and Ethereum is also cooling after a major breakout. ETH is trading at $2,389.50, down 1.34%, after climbing from roughly $1,900 to a recent high above $2,500. The rally pushed ETH through its previous major resistance and into new territory above its 2021 Coinbase all-time high.
Buyers tried to push past 2,500–2,550 and got turned away. That’s the wall today. If the price drops, first support is around $2,300, then $2,200. As long as $2,300 holds, the uptrend from the past few days stays alive.
Things are slowing down, but nothing looks broken yet. The RSI is at 64.21—still okay. The STOCH is low at 28.69, and the Ultimate Oscillator sits at 48.04, which tells you the pullback isn’t crazy intense. The MACD is still firmly positive at 93.81, so the bigger picture is still leaning bullish, even with this dip.
| Indicator | Reading | Signal |
|---|---|---|
| RSI | 64.21 | Bullish |
| STOCH | 28.69 | Neutral |
| Ultimate Oscillator | 48.04 | Neutral |
| MACD | 93.81 | Bullish |
What Could Push the Ethereum Price Next?
Ethereum’s breakout above its previous Coinbase all-time high gave the ETH price a new technical setup, with the recent rally reaching $2,546. Spot Ethereum ETFs also recorded about $697 million in weekly net inflows, the strongest week since October 2025, alongside a 15% decline in exchange-held ETH since June.
The rally has also been supported by a short squeeze, but the size of the move has pushed daily RSI readings as high as 78–88. That level of momentum increases the chance of consolidation after such a fast move, especially with large liquidations already recorded.
Ethereum’s Glamsterdam upgrade is now targeted for Q4 2026 instead of the first half of the year. EIP-8037 will keep the standard 21,000 gas cost for transfers to existing accounts but adds about 183,600 state gas when ETH is sent to new addresses, meaning wallets, explorers, and fee estimators need to update before mainnet activation.
Ethereum Price Prediction for Today
Bullish Prediction:
A break above $2,500 could push the ETH price toward 2,550–2,600.
Neutral Prediction:
Ethereum could consolidate between $2,300 and $2,500.
Bearish Prediction:
A break below $2,300 could send ETH toward $2,200, with $2,100 as the next support.#
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