The last week of August is expected to challenge historical highs for 2 major alts: XRP and BUILDON.

The cryptocurrency market has just experienced a week of intense fluctuations, but with the potential for positive changes in the macro economy and financial markets, some alts are expected to see a strong rebound in the last week of August, possibly even challenging historical highs (ATH).

This article focuses on two targets with the greatest potential for breakthroughs in the short term: Ripple (XRP) and BUILDON (B).

XRP: Hold 2.95 USD or Launch a Rebound

(Source: Trading View)

Current price: approximately 2.90 USD

Recent trend: After being repeatedly blocked near $3.07, it fell back and broke below the 50-day moving average, indicating a weakening short-term trend.

Key support: $2.95 (short-term defensive level), if lost or dips to $2.74

Bullish Conditions:

Maintain stability at 2.95 USD and Rebound

Breakthrough resistance at 3.07 USD and 3.12 USD

Target challenge $3.66 ATH (potential increase of about 24.5%)

Technical Observation: Traders are waiting for stabilization signals. If the volume supports it, the rebound momentum is expected to continue.

BUILDON (B): Breaking the 0.574 USD resistance is key

(Source: Trading View)

Current price: approximately 0.560 USD

Distance from ATH: Down about 20.4% from the high of $0.675

Recent trend: Pressured at the resistance level of $0.574, but holding the support at $0.514 and the 50-day moving average.

Bullish Conditions:

Break through and stabilize at 0.574 USD

The target is to first look at 0.646 USD, and then challenge the 0.675 USD ATH.

Risk Scenario:

If it breaks the support at 0.514 USD, it may fall back to 0.478 USD.

Market sentiment has turned bearish, and growth expectations will be weakened.

Investor Observation Focus

Macroeconomic factors: This week’s global economic data and central bank policy signals could become catalysts for market trends.

Volume Change: If XRP and BUILDON break through key price levels with high volume, it will significantly increase the probability of challenging the ATH.

Market sentiment: Short-term capital flows and community enthusiasm will directly affect the sustainability of the breakout.

Conclusion

XRP and BUILDON are both at key technical levels in the last week of August. If the macro environment and market sentiment align, both have the opportunity to challenge historical highs in the short term.

For investors, this is a high-risk, high-return short-term opportunity. It is recommended to closely monitor the defense and offense of support and resistance levels and to set stop-loss orders strictly.