Descending Channel

XRP remained above the key $1 level after a stable United States inflation reading reduced expectations for a September rate increase. The token still faces pressure from the Coreum bridge hack, bearish momentum signals, and a possible downside scenario if support fails.

ONDO has moved into a correction after its recent recovery stalled near the $0.41 area. Technical traders are watching whether the token can defend key moving averages or slide toward the $0.30-$0.31 channel support zone.

Zcash remains under pressure after sliding from its mid-July high, but several short-term technical signals suggest selling momentum may be fading. Traders are watching the $478–$480 area as a key confirmation zone for a potential rebound toward $500.

GBP/USD is entering a pivotal stretch as central bank meetings in the United States and United Kingdom collide with mixed technical signals. The pair remains inside a broader weakly bearish range, but short-term price action around key support could determine whether sellers regain control or buyers stage a recovery.

The dollar is pressing against channel resistance, while platinum remains defined by its nearby support level. Palladium is under closer pressure after another failed attempt to clear resistance, with traders watching whether channel support gives way.

GBP/USD remains trapped inside a descending channel after a sharp bearish rejection near key resistance. Traders are watching whether a move back toward 1.3418 produces another short-side signal before 5pm London time.

Bitcoin has dropped 2.9% over the past 24 hours to $62.8K, slipping back beneath its 50 day moving average as external market pressure weighs on crypto sentiment. Technical traders are now watching support near $61K, $59K and $56K while broader recovery signals remain unconfirmed.

Gold’s weekly structure remains under pressure after a decisive trendline break kept bearish momentum intact. Key Fibonacci support sits near $3,927 and $3,886, while a recovery above $4,115 would be needed to challenge the broader downtrend.