XRP has fallen 2.3% to $0.515 and is seeking support and liquidity before attempting to reach $1. The token is currently trading below major moving averages, but is being supported by a multi-month ascending trendline.

Solana's smart contracts token has bounced back and is trading at $21.74 with a trading volume of $412 million, possibly due to Solana Pay's adoption developments. The overall crypto market is trending upwards, with Bitcoin reclaiming $26,000. Solana is expected to make a significant recovery, with bulls aiming to push the price towards the psychological resistance of $30 to $32.

The crypto market experienced a sharp decline after rumors circulated that Tesla had sold its $377 million Bitcoin position. Additionally, the Federal Open Market Committee's minutes indicated that interest rates would continue to rise to combat inflation, which further negatively impacted the market.

Following Ripple's partial court victory that boosted market interest, cryptocurrency exchange BIT has launched XRP options trading. This move provides advanced tools for XRP investors to manage portfolio risks and speculate on future prices. XRP becomes the sixth asset that can be traded as an options product on the BIT platform, following BTC, ETH, ADA, TON, and LADYS.

That the cryptocurrency payment platform BitPay has launched a new initiative to support XRP worldwide. From now on, BitPay users can seamlessly purchase XRP, securely store XRP through self-custody in the BitPay wallet, participate in gift card transactions, execute XRP exchanges, and transact with BitPay merchants.

On August 16th, it was reported that Andrew A. Kunsak from the law firm Sidley Austin LLP has been granted permission to appear as an investment banker in the SEC's case against Ripple Labs, which will be presided over by Judge Analisa Torres. The banker stated that he hopes to protect stakeholders from the SEC's appeal of the summary judgment ruling.

Several members of the cryptocurrency community on X (Twitter) have posted screenshots of a price malfunction for XRP on Gemini. The screenshots show that the displayed price of XRP on Gemini has repeatedly risen to over $1, and even spiked to $50 at one point. However, according to data from CoinGecko, the current market price for XRP is $0.63. Meanwhile, as of 1:25 AM UTC on August 11th, Gemini announced that it has conducted a comprehensive maintenance of its platform. 

Gemini has relisted XRP token after a three-year hiatus. Trading is now active for several pairs including USD, GBP, and EUR currencies, with support for the XRP Ledger blockchain. <br>

Gemini has announced that it will support XRP by allowing customers to deposit the asset on its platform. Trading support for XRP will follow, starting with dollars and later with other currencies. <br>

According to official sources, the cryptocurrency exchange Gemini has added support for XRP deposits and will launch XRP trading services. Gemini reminds users to upgrade their mobile app to version 23.808.0 in order to make XRP deposits.