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- BTC options expiry data shows that bears aim for levels below $114,000 amid macro uncertainty and Powell’s Jackson Hole remarks.
- Despite dropping below $3, XRP’s bullish fractal suggests consolidation before a potential rally toward $4.35–$4.85, while SOL’s bullish setup hints at targets of $260.
With 5% Bitcoin price drop over the past week, BTC is staring at $13.8 billion in options expiry, which will decide the future trajectory ahead. On the other hand, altcoins remain on investors’ radar.
Despite XRP price dropping under $3.0 suport earlier this week, analysts are hopeful of another 50% rally. Similarly, Solana (SOL) is looking to break past the $200 resistance and move to all-time high levels.
$13.8 Options Expiry to Decide BTC Price Trajectory
With the BTC price moving sideways since its all-time highs at $124,500 last week, investors shall be closely watching the $13.8 billion Bitcoin options expiry on Friday, August 29.
Data shows $7.44 billion in call options and $6.37 billion in puts, but bullish bets appear concentrated at higher levels, with only 12% of call options positioned at $115,000 or lower. This leaves limited upside support if prices remain subdued.
On the other hand, bears have strong incentives to push Bitcoin below $114,000, where significant put option interest sits at $112,000. For bullish strategies to succeed, BTC would need to climb above $116,000 before the monthly expiry next Friday.
The outcome may hinge on broader macro factors, including remarks from Federal Reserve Chair Jerome Powell and ongoing investor caution. Everyone is waiting for Powell’s speech at the Jackson Hole meeting on Friday.
Furthermore, as mentioned in our previous story, hopes of the September Fed rate cuts have been waning, which has led to BTC and the broader crypto market correction over the past week.
Analysts Remain Bullish on XRP Price Target
XRP is signaling a bullish fractal pattern despite closing below $3, mirroring its January setup when prices surged to $3.40 before correcting to $1.60 in April. The current structure suggests a potential consolidation zone between $2.32 and $2.66, which could serve as a base for the next major rally.
After perfectly calling the top, TD Sequential flips to buy on $XRP! pic.twitter.com/f69FXPJPWR
— Ali (@ali_charts) August 22, 2025
Technical analysis projects a 60%–85% upside for XRP in the fourth quarter, with targets ranging from $4.35 to $4.85. A breakout above $3.85 would mark a key inflection point, pushing the token into price discovery territory, as reported by CNF.
While short-term whale flows remain negative, putting pressure on the $2.65–$2.33 range, this selling momentum appears to be fading.
Solana (SOL) Can Emerge As the Silent Killer
Solana (SOL) is showing one of the strongest bullish setups in the crypto market, with multiple indicators signaling a potential move toward $260. Popular crypto analyst Ali Martinez cites a triangle pattern breakout, which could push the SOL price even further to $360.
Not a bad spot to start loading Solana $SOL before a breakout to $360. pic.twitter.com/N42zXpMzbT
— Ali (@ali_charts) August 21, 2025
The weekly chart reveals a V-shaped recovery from late 2024, with SOL now trading above all key moving averages on both daily and weekly timeframes. Analysts point to an ascending triangle pattern that could drive prices to $205, $225, and eventually $268, as highlighted previously.
Meanwhile, the Relative Strength Index has climbed from 34 to 54, reinforcing the buildup of bullish momentum.
