September Correction Could Send ETH Back to $3,500: Analyst

Starting on January 29, 2026, PENDLE will give rewards to users holding cUSD. Incentive programs like these often bring more people to use both tokens. More use can lead to more buying, which might push prices up. These programs also make both Cap USD and Pendle more well-known. If many people join to get rewards, trading volume could rise, and both tokens could see short-term price moves. Traders should check how many users take part, as weak interest might mean little price impact. Good rewards often act as a strong catalyst. source

A new Binance listing often brings strong attention from traders because Binance is the world’s largest crypto exchange. When Somnia (SOMI) is listed with several pairs (USDT, USDC, BNB, FDUSD, TRY), buying and selling will become much easier and more active. Many new people could discover the project. This can lead to high trading volume and fast price movement, often upward. However, sometimes, early holders might sell for profits at first. It is important to watch trading, but a Binance listing is usually a big catalyst for price change. source

A token burn proposal can be very important for price. If the Marinade (MNDE) community votes yes and burns tokens, the total supply will go down. With fewer tokens, each one might become more valuable if demand stays the same or rises. A burn shows the team listens to the community, which could also build trust and attract new buyers. If the proposal does not pass, there might not be much effect on price. Watching the vote is key for traders, as the result could move MNDE up or down. source

XRP is trying to bounce back again. After sliding through much of August, the token managed a 2% rebound in the last 24 hours. The green candles may look comforting on the screen, but the larger picture tells a more complicated story where the risks still outweigh the relief.

A Market That Remembers

According to an analyst, XRP is facing a problem: a bearish divergence that has been building for weeks. In simple terms, price has been climbing while momentum quietly faded in the background. The last time XRP faced a divergence of this size was at the turn of 2020 into 2021. Back then, the pattern was not just a warning. It preceded a painful 60 percent correction stretched across several months.

Today, the pullback is only about 20 to 25 percent from the highs. That leaves experts asking the uncomfortable question: is this correction just getting started?

The Fragile Floor

XRP lost its footing above $2.85, a level that once acted as support but now hangs over the price as resistance. The next battle zone lies at $2.75. If that floor gives way with convincing daily closes, the market could easily test deeper waters between $2.55 and $2.62.

The structure does little to inspire confidence. Price action has been compressing into a descending triangle, a formation that more often than not ends with a breakdown. Should that play out, chart projections point towards the $2.17 region, a level that would mean another 20 percent slide from here.

Between Bulls and Bears

XRP has shown it can bounce, but the chart shows the token is not yet out of danger. A convincing move back above $2.85 would help repair sentiment and challenge the bearish setup. If the price falters at $2.75, the sellers may quickly regain control.

This bounce looks less like a sign of recovery and more like a test of resilience. The next few weeks will decide whether XRP can rewrite its script or whether the market is simply pausing before another act of decline.

FAQs

XRP rose 2% in 24 hours due to a technical rebound after August’s slide, though the bounce lacks strong momentum and remains fragile.

Analysts and AI forecasts project XRP could reach $5.05 by the end of 2025, driven by ETF approvals, partnerships, and regulatory clarity.

Based on compounding growth and adoption, projections estimate XRP could trade around $26.50 by 2030, with averages near $19.75.

XRP is considered a strong investment due to its institutional adoption, regulatory progress, and role in cross-border payments. However, it carries volatility risks like all cryptocurrencies.

The World Liberty Financial team has put forward a proposal to allocate all fees generated from its protocol-owned liquidity toward purchasing and permanently burning WLFI tokens. 

"This program removes tokens from circulation held by participants not committed to WLFI’s long-term growth and direction, effectively increasing relative weight for committed long-term holders," the proposal said.

The plan stipulates that fees collected from WLFI’s liquidity positions on Ethereum, Binance Smart Chain and Solana will be used to repurchase WLFI tokens on the open market. These tokens would then be sent to a burn address, removing them from circulation.

However, fees from community or third-party liquidity providers are not included in this program. 

The proposal explained that higher protocol usage would lead to increased fees, resulting in more tokens being burned. All burn transactions would be recorded on-chain and reported to the community for transparency, the team noted.

The community can vote on three options: support directing all treasury protocol-owned liquidity fees to the buyback and burn program, oppose the plan and retain fees in the treasury, or abstain from expressing a preference.

If approved, WLFI intends to explore expanding the program to include additional sources of protocol revenue, with the goal of scaling the initiative as the ecosystem grows.

While details on voting and implementation schedules are yet to be announced, a majority of the replies on the proposal are currently positive.

WLFI Launch

World Liberty Financial's native token started trading on crypto exchanges on Monday. The token started trading at $0.32, then subsequently plunged 34% to a low of $0.21, according to The Block's WLFI price page. It is currently trading at around $0.23 as of 12:30 a.m. on Tuesday.

CoinGecko data shows that over $2.5 billion worth of WLFI has been traded since launching on the major exchanges, including Binance, Coinbase and Upbit. Around 27.35 billion WLFI tokens are currently in circulation, out of a total of 100 billion.

Even with the token's significant price drop from its launch, its pre-sale investors remain well in profit, as they acquired it at just $0.015 each. According to Bubblemaps, Tron Founder and crypto billionaire Justin Sun's WLFI holdings are still up roughly tenfold.

World Liberty Financial was founded in 2024 as a DeFi and crypto company, publicly backed by U.S. President Donald Trump and his family. It has also launched its dollar stablecoin USD1, which is currently ranked as the sixth-largest stablecoin with a $2.6 billion market capitalization.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says.

Ethereum's Pectra upgrade in May introduced EIP-7702, which allows external accounts to temporarily act like smart contract wallets, delegating execution rights and allowing batch transactions, which are aimed at streamlining a user’s experience.

Xian said in an X post on Monday that hackers are exploiting the upgrade to pre-plant a hacker-controlled address in victim wallets, then, when a deposit is made, they quickly “snatch” the tokens, which in this case, is affecting WLFI tokenholders.

“Encountered another player whose multiple addresses’ WLFI were all stolen. Looking at the theft method, it’s again the exploitation of the 7702 delegate malicious contract, with the prerequisite being private key leakage,” Xian said.