The token slips from $3.02 to $2.89 in the August 28–29 window on above-average volumes before recovering toward $2.83–$2.89 support zones. Oversold signals and whale accumulation offset persistent selling pressure
By Shaurya Malwa, CD Analytics
Updated Aug 31, 2025, 5:26 a.m. Published Aug 31, 2025, 5:25 a.m.
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Crypto Charts Look ‘So Broken and Bearish They’re Bullish’ Ahead of Fed Meeting, Says Analyst
Alex Krüger says recent liquidations and scary charts could set up a bullish rebound, though conviction trends may wait until after the Fed’s Sept. 17 decision.
What to know:
- Analyst Alex Krüger says extreme bearish-looking charts can flip bullish once forced selling clears leverage.
- He sees little trend until after the Fed’s next rate decision on Sept. 17, following the conclusion of the two-day FOMC meeting.
- Krüger insists the cycle isn’t over and sees SOL as a possible outlier due to new decentralized treasuries building on the chain.
Source: https://www.coindesk.com/markets/2025/08/31/xrp-bullish-patterns-point-to-usd5-as-korean-buyers-start-to-accumulate