XRP Breakout to $3.60 Still Possible, Ethereum Could Hit $25,000 by 2028, Bitcoin to $1 Million, Surpassing Gold — Crypto News Digest - U.Today

• XRP completes bullish retest
• Standard Chartered boosts Ethereum price targets
• Mike Novogratz predicts $1 million Bitcoin

XRP completes bullish retest

Analyst suggests XRP has finally completed a major bullish retest.

• Price analyses. XRP has completed a key bullish retest after reclaiming $3.27 resistance.

The crypto market experienced a positive price action on August 13, and XRP has had its share of the market bull run Amid the positive price movement witnessed today, crypto analyst Ali Martinez has predicted a potential breakout for the asset in a recent X post

Following the mixed price actions experienced over the past day, the analyst revealed that XRP has completed a key bullish retest, fueling hopes among traders for a potential breakout in the price of the cryptocurrency

In his post, Ali shared a technical analysis showcasing XRP’s price movement on August 13, which saw it successfully reclaiming the key resistance level at $3.27. While this signals renewed upward momentum, it has ignited optimism among its retail and institutional investors

• Next move. Price breakout projections at $3.37, $3.51, and $3.60.

With the past days seeing XRP consolidate in a downward trajectory, the notable surge it witnessed today suggests something big is coming. The chart showcased by the analyst suggests that XRP is now ready to reclaim its $3.60 breakout

Although XRP has traded around $3.2 for the most part of the day, the chart shows projections pointing toward the next major resistance at $3.37. This potential surge is expected to extend toward $3.51 and eventually reach the $3.60 mark if the current bullish momentum persists.

Standard Chartered boosts Ethereum price targets

Ethereum price prediction raised to $25,000.

• New targets. $7,500 by end-2025 (up from $4,000), $25,000 by end-2028 (up from $7,500).

Standard Chartered has upped its Ethereum price targets, according to Walter Bloomberg, setting a new projection of $7,500 for the end of 2025, up from $4,000, and lifting its 2028 year-end forecast from $7,500 to $25,000

• Corporate demand. Planned reserves total $30.4B ETH vs. $7.59B currently held.

The reasoning for the new outlook may be in recently disclosed corporate reserve accumulation plans. Combined targets from several of these companies total $30.4 billion in ETH, compared with $7.59 billion that has already been held. Bitmine is the biggest planned allocation at $22 billion, aiming for about 5% of the total ETH supply

Other companies, like SharpLink Gaming, BTCS Inc., The Ether Machine, Bit Digital and GameSquare, have set smaller but still notable targets

• Bank view. Stronger network fundamentals could fuel long-term growth.

Previously, Standard Chartered highlighted multiple times that Ethereum's role in tokenization pilots, stablecoin settlement and layer-2 scaling is growing, and they are also pointing to upcoming staking liquidity improvements and developments in institutional custody. The bank says these factors could make the network stronger and help it grow over time.

Mike Novogratz predicts $1 million Bitcoin

The CEO of Galaxy Digital shares new bold BTC forecast

• BTC price prediction: Bitcoin could hit $1 million, but only if the U.S. keeps excessive money printing and overspending.

Mike Novogratz, a former Goldman Sachs partner, and the founder of Galaxy Digital, took part in the Coin Stories podcast hosted by Natalie Brunel recently. In it, Novogratz shared his take on the prospects of Bitcoin reaching $1,000,000 in the future. However, he warned that if Bitcoin does get to $1 million, things will certainly turn bad for the U.S.

• Warning. Such a rise would mean U.S. dollar is fully debased and economy ruined.

Novogratz agreed with the podcast host that there is a strong probability that Bitcoin will eventually reach $1 million. However, he said that this would only be possible if the U.S. government continues printing money, as it keeps spending more than it can afford and the U.S. national debt continues to grow rapidly

In this case, Novogratz believes, the U.S. dollar will be completely debased and the economy will be ruined like it has happened to some poor countries suffering from hyperinflation. He told the host that nobody would want to live in such a country. Therefore, he would prefer a lower Bitcoin price but the U.S. with a stable and high-performing economy.