BNB price traded near $704 on Aug. 24 after gaining almost 16% in seven days, as momentum from the broader crypto rally and the upcoming Pasteur hard fork kept buyers in control.

BNB price action today

According to data from crypto.news, BNB (BNB) price was trading near $704 at the time of writing, up about 1% over the previous 24 hours. The token had gained almost 16% over seven days, lifting its market capitalization to approximately $93 billion.

The rally accelerated after BNB broke out of the $600–$620 range that had restricted price action during the first half of August. Buyers pushed the token through $650 on Aug. 20 before it briefly climbed above $720 over the weekend.

BNB reached a weekly high near $725 before profit-taking pulled the price back below $690. Buyers absorbed the decline, however, and the token returned above the psychological $700 mark on Aug. 24.

The 4-hour chart showed BNB forming higher lows following the pullback. Its latest candle traded between $692.94 and $705, indicating that buyers were defending dips below $700.

Chaikin Money Flow stood at 0.07 on the 4-hour chart. A positive reading means more capital is entering the asset than leaving it, although the indicator has eased from the elevated levels recorded during the initial breakout.

Pasteur hard fork supports BNB Chain activity

BNB’s advance comes one day before the Pasteur hard fork is scheduled to activate on BNB Smart Chain.

According to BNB Chain’s upgrade schedule reported by crypto.news, Pasteur will go live at 2:30 a.m. UTC on Aug. 25. Node operators must install client version v1.7.7 before the activation.

The upgrade combines three proposals intended to improve cross-chain transfer security, restrict permissions linked to replaced validator keys, and increase block capacity. Internal testing raised transaction throughput from 1,237 to 2,324 transactions per second.

Pasteur does not directly change BNB’s supply, making it difficult to separate the upgrade’s effect from the broader market rally. Still, the approaching activation has given traders a network-specific event to watch while demand for major crypto assets remains strong.

BNB Chain has also recorded a sharp expansion in tokenized real-world assets. RWA.xyz data showed more than 1.15 million RWA holders on the network, up nearly 580% over 30 days at the latest reading.

The network held about $5.8 billion in distributed asset value, while 30-day RWA transfer volume reached $28.17 billion. Those figures measure activity involving tokenized assets and do not represent capital flowing directly into BNB.

US policy shift strengthens the broader market backdrop

BNB’s rally followed a market-wide rise that lifted Bitcoin above $77,000 and pushed several large-cap altcoins through long-standing resistance levels.

Improving US regulatory expectations formed part of that move. On Aug. 18, the Securities and Exchange Commission proposed Regulation Crypto Assets, a tailored securities offering framework for certain investment contracts involving crypto assets.

The proposal does not classify BNB or grant the token regulatory approval. However, it signals that the SEC is considering defined fundraising and disclosure pathways instead of applying the existing securities registration system without crypto-specific exemptions.

US macro conditions also supported risk assets after the Treasury Department doubled the planned size of long-term bond buybacks from a maximum of $2 billion to at least $4 billion per operation.

The program is intended to improve liquidity in older long-dated Treasury securities rather than inject funds directly into cryptocurrencies. Falling yields and a weaker dollar initially accompanied the announcement, creating a more favorable backdrop for Bitcoin and other risk-sensitive assets.

BNB faces resistance at $719 and $734

BNB’s daily chart shows that the rally has moved into an extended technical zone.

The token crossed the Murray Math resistance level at $687.50 and was trading above the $703.13 overshoot level. The next targets shown on the chart are $718.75 and $734.38.

The $719 area is the first major test because it sits near the recent local high and an elevated band of short-liquidation exposure. A daily close above that level could open a retest of $725, followed by the $734–$745 region.

However, the daily Relative Strength Index stood at 85.25, well above the conventional overbought threshold of 70. Its moving average was lower at 69.85, showing how quickly momentum increased during the breakout.

An overbought RSI does not guarantee a reversal, but it raises the risk of consolidation or a sharper pullback if buying slows. The first support sits at $703, followed by the former resistance level at $687.50.

Below that, the 4-hour Supertrend remained bullish at $663.13. A close beneath the indicator would weaken the short-term trend and place the $656–$640 region back in focus.

Liquidation heatmap points to $710 as the next magnet

The 24-hour CoinGlass liquidation heatmap showed the closest large concentration of leveraged positions around $709–$711. BNB was approaching that zone from below at the end of the chart.

Further liquidation bands appeared between $714 and $720, suggesting that a break above $710 could trigger additional buying as short positions are forced to close. Higher clusters were visible near $724, $730, and $734.

On the downside, notable liquidity rested around $691, $687, and $682. A rejection from $710 could therefore pull the price toward those lower clusters, particularly if highly leveraged traders begin closing long positions.

Crypto analyst EinsteinBTC1 identified $745 as the larger breakout level on BNB’s weekly chart. The analyst said a weekly close above that resistance would confirm a move toward $960, with the former all-time-high region near $1,376 presented as a longer-term target.

The forecast remains conditional. BNB must first overcome the $719–$734 resistance band while managing an overbought daily RSI. Holding above $687.50 would preserve the immediate bullish setup, whereas a loss of $663 would indicate that the current rally is losing strength.

XRP jumps 45% in a week as Bitcoin’s short squeeze fuels gains, while UE Crypto offers diversified digital asset income.

Last week, Bitcoin broke above $72,000 and reached $79,000 last Friday, mainly driven by the U.S. Treasury’s plan to nearly double the scale of its long-term bond buybacks starting September 9. Traders who had been shorting cryptocurrencies for several weeks were forced to close their positions in response to tightening supply conditions. Within seven days, short positions across all assets totaling more than $3 billion were liquidated.

XRP did participate in this rally, but the move was not unique to XRP. This means that XRP’s rise was largely an amplified effect of Bitcoin’s rally rather than an independent repricing based on XRP’s fundamentals.

This distinction is crucial because whether the XRP breakout can continue depends on whether buying pressure remains after the short squeeze ends. A short squeeze is essentially temporary. Once short positions are liquidated, forced buying stops. What follows is either genuine demand supporting the new price level or a pullback as artificial buying pressure disappears.

As the regulatory environment gradually becomes clearer and financing conditions continue to improve, more investors are beginning to reconsider a key question: beyond relying on price appreciation for returns, are there more diversified, efficient, and sustainable ways to participate in the long-term value growth of XRP and the broader digital asset ecosystem?

As of August 24, 2026, the current price of XRP (XRP) is $1.48. Over the past 24 hours, the price has moved 0.36%, while it fell 1.1% over the past hour. Over the longer term, the price has moved 45.6% over the past seven days and 34.2% over the past month.

Meanwhile, overall market liquidity continues to improve. Although secondary-market trading activity has declined somewhat and retail investors remain relatively cautious amid market volatility, institutional allocation demand remains steady, driving continued net capital inflows on most trading days.

Analysts are monitoring the next potential high-growth stock. While exploring a new round of investment opportunities, the UE Crypto cloud mining digital asset platform also provides digital asset investors with diversified income options.

Given XRP’s uncertain price movements and growing selling pressure, an increasing number of XRP investors are turning their attention to UE Crypto, seeking to expand their digital asset allocation channels through cloud mining and yield aggregation mechanisms and explore more diversified, stable, and sustainable income models.

Unlike highly volatile futures trading and approaches that rely solely on price movements, the UE Crypto cloud mining digital asset platform provides a more convenient and intuitive way to participate in digital assets. Users do not need to purchase expensive mining hardware or deal with complicated equipment deployment, technical maintenance, or daily operations. Users only need to participate in digital asset mining and can automatically receive returns according to the terms of the contract.

About UE Crypto

UE Crypto is headquartered in the United Kingdom and operates within European regulatory frameworks such as MiCA and MiFID II, continuously improving its transparency, operational standards, and user protection mechanisms.

The platform adopts a multi-layer security architecture, including:

• Annual financial and security compliance audits by PwC
• Digital asset custody insurance provided by Lloyd’s of London
• Enterprise-level network protection from Cloudflare and McAfee® security systems
• Bank-grade data encryption and professional security infrastructure to provide multiple layers of protection for user assets and accounts

Currently, UE Crypto supports a range of mainstream digital assets, including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL, providing users with a more flexible and convenient digital asset service experience.

Start earning daily returns in just three steps

1. Register an account

Visit the UE Crypto official website and register using an email address to receive a $20 trial reward.

2. Choose a mining package

Choose a suitable cloud mining contract based on personal budget and needs, and start mining with one click.

3. Start earning

Once the contract is activated, the system will automatically allocate computing power, and returns will be settled every 24 hours. Users can withdraw their earnings at any time or continue participating as needed to achieve long-term compound growth of their assets.

Popular UE Crypto contracts

BTC (Beginner Experience Contract) Investment Amount: $100, Contract Term: 2 days, Daily Return: $4, Total Return at Contract Maturity: $100 + $8

Dogecoin (DOGE, Digital Intelligent System Contract) Investment Amount: $500, Contract Term: 5 days, Daily Return: $6.25, Total Return at Contract Maturity: $500 + $31.25

BTC (Super Computing System Contract)Investment Amount: $1,000，
Contract Term: 10 days, Daily Return: $13.10, Total Return at Contract Maturity: $1,000 + $131

LTC (Algorithm-Driven System Contract) Investment Amount: $5,000
Contract Term: 25 days, Daily Return: $72, Total Return at Contract Maturity: $5,000 + $1,800

BTC (Quantitative Intelligent System Contract)Investment Amount: $10,000, Contract Term: 35 days, Daily Return: $158, Total Return at Contract Maturity: $10,000 + $5,530

For more details about the contract plans, please visit the UE Crypto official website.

Conclusion

XRP whales continue to buy at lower prices and sell at higher prices, while market volatility remains elevated. As a new market cycle gradually unfolds, investors are shifting their focus from simply tracking price movements toward strategies that place greater emphasis on risk management, asset allocation, and long-term returns. Against this backdrop, digital asset investment approaches are becoming increasingly mature and diversified, and the UE Crypto cloud mining digital asset platform has also become an area of interest for some investors exploring diversified digital asset allocation and income models.

Join the UE Crypto cloud mining digital asset platform today, seize the golden opportunity, and embark on a new journey toward wealth growth.