Bitcoin and XRP Prepare for Crucial Week as US Economic Releases Loom

The week ahead is shaping up to be a pivotal moment for Bitcoin and XRP as seven major US economic releases are set to hit markets.

The data-heavy week starts on Monday with the August Chicago PMI, before attention shifts to Tuesday's calendar which includes the August ISM Manufacturing PMI. Analysts expect this index to ease to 55.3 from July's 55.6, while remaining above the 50 level that separates expansion from contraction.

The combination of manufacturing activity and input-price pressures will provide a clear signal on the state of factory production. A stronger reading would indicate continued economic strength and high cost pressures, whereas weaker activity or lower prices would send a different message ahead of the Federal Reserve meeting.

XRP is currently testing the $1.30-$1.40 support zone after rejecting the $1.55-$1.60 resistance area. Meanwhile, Bitcoin remains below resistance near $80,000-$82,000 and is eyeing the technical level of $82,500 for a potential bullish trend shift.