The crypto market has seen many highlights recently. XRP is building momentum to challenge a key resistance level, while competition in the meme coin sector is intensifying, with the established leader PEPE facing a challenge from the Ethereum Layer 2 newcomer $LBRETT.
#XRP Breakout Imminent: $3.30 Becomes Short-Term Key Level
XRP's recent performance has attracted attention, with the price climbing to $3.28, just one step away from breaking the downward trend line that has been suppressed for nearly three weeks. It is currently only $0.02 away from the $3.30 resistance level.
From a technical perspective, XRP entered a short-term correction after the $3.50 high, and then quickly rebounded from the $3.00 support level, forming a typical descending trend line breakout pattern.
If the daily closing price firmly stands above $3.30, a new round of gains may begin, with the next targets pointing to $3.50 and $3.70. However, trading volume is a potential concern - despite the price increase, trading volume has been declining in the past few trading days, and a breakout lacking volume support may be at risk of a 'fake breakout'.
On the support side, the 20
day moving average ($3.07) and the 50-day moving average ($2.81
dollars) form a dual safety net. As long as these two moving average levels are not broken, the overall upward trend will remain strong. In the short term, it is necessary to pay close attention to the retracement performance after the breakthrough: if it stands firm at $3.30
US dollars, the upward trend is expected to continue; if it fails to break through, it may fall back to $3.07 or even $2.81
US dollar area to accumulate momentum for another attack. The technical breakthrough window has now been opened, and the subsequent trend will depend on whether the buying momentum can follow.
Meme Coin Battle: PEPE Sits Firmly at the Top, $LBRETT Rises with Layer 2
The meme coin market competition will be fierce in 2025. In the Ethereum ecosystem, the status of the established leader PEPE is being impacted by the emerging project Layer Brett ($LBRETT).
#PEPE: Leading Market Cap, Catalysts Continue to Exert Force
As of
August 9, the price of PEPE was reported at $0.00001228, with a 24-hour increase of 9.28%, a 7-day increase of 9.30%, and a cumulative increase of
43.73% over the past year. The market value is stable between $5.15 and $5.19 billion, ranking between 36th and 38th in market capitalization. The circulating supply is 420.69
trillion, maintaining high liquidity and trading activity.
Recent positive developments: Bitnile supports PEPE payments, social media popularity is rising, speculative expectations of it hitting a $100 billion market capitalization are heating up, and the Fear & Greed Index reaching 74 ('Greed' zone) and increased whale accumulation are jointly supporting PEPE's bullish sentiment, making it still the benchmark project for Ethereum meme coins.
$LBRETT: Layer 2 + Utility, Challenging PEPE's Position
$LBRETT is positioned as the 'next-generation Ethereum Layer 2 meme coin', focusing on the combination of meme culture and scalable practicality. Its maximum supply is locked at 10 billion, and the presale has raised over $150,000. Early investors' annualized staking returns are as high as 20,000%, promoting the narrative of the 'next 100x meme coin'.
The advantage lies in
Layer 2 features: When Ethereum Layer 1 is congested, transaction fees often exceed $10-20, while $LBRETT relies on Layer 2
Technology to achieve low-cost, high-speed transactions, while integrating the gamified experience of staking, differentiated positioning attracts market attention. Currently, community participation is increasing, but it still lags behind PEPE in terms of brand awareness and social maturity.
Competitive Landscape: Differentiated Game between Leader and Newcomer
PEPE, with its mature market capitalization, high liquidity, and continuous catalysts, is still the absolute leader among Ethereum meme coins. $LBRETT, with its 'Layer 2 + limited supply + practical function' as a breakthrough point, targets the market's demand for low-fee, scalable meme coins, attempting to rewrite the competitive landscape.
In addition, established projects such as Shiba Inu (#SHIB) and Dogecoin (#DOGE) still occupy a place in the market, but the rise of $LBRETT reflects the trend of the meme coin market shifting from pure speculation to 'narrative + practicality'.
Final thoughts
Whether XRP can break through the $3.30 key level, the follow-up of the trading volume will be the core variable; and in the meme coin field, PEPE
although it is temporarily stable as the leader, $LBRETT has become an unignorable challenger with its Layer 2 advantages and novel narrative. The market needs to pay attention to the continuity after XRP's breakthrough, as well as the meme coin
Whether the 'practical transformation' can continue to promote the rise of new nobles.
