🔥Bitcoin, Ethereum, Ripple Price Analysis: Here’s What to Expect in August

🚀 Crypto Volatility Surge: Bitcoin, Ethereum, and Ripple saw increased volatility on Wednesday after Mt. Gox released $2.3 billion in payments. Arkham Intelligence reported 34,000 BTC sent to new addresses and 47,229 BTC moved to Mt. Gox-associated addresses.

📉 Bitcoin Market Overview: Bitcoin fell to $64,000 despite the Fed's dovish stance. It rebounded from this support on Thursday, with a potential recovery towards $70,000. A 13% drop to $58,000 could follow if the wedge pattern breakout continues.

📉 Ethereum Nears Oversold: Ethereum dropped below $3,500, nearing $3,100 support. Recovery to $3,193 could face bearish pressure below $3,000. A break above $3,200 is needed for an uptrend targeting $3,500. Short-term bearish RSI divergence suggests further risks.

🔻 Ripple Sell Signal: Ripple rose 72% but topped at $0.6589, correcting with BTC and ETH. Support at $0.6 remains strong. MACD sell signal might push it below $0.6, with support at $0.58 and $0.55. A golden cross pattern could trigger an uptrend towards $0.7.