Market Overview for Ripple (XRPUSD)

• XRPUSD fell 5.7% in 24 hours, breaching key support at $2.89.
• A bearish engulfing pattern formed around $2.91, confirming downward momentum.
• RSI entered oversold territory, suggesting potential short-term bounce.
• Volatility expanded sharply during the breakdown below $2.90.
• Bollinger Bands showed a wide range, indicating elevated price uncertainty.

Ripple (XRPUSD) opened at $2.967 at 12:00 ET−1 and closed at $2.8945 by 12:00 ET, recording a 24-hour low of $2.8523 and high of $2.9651. Total volume amounted to 263,134.7 units, while notional turnover reached approximately $764,140.

Structure & Formations

XRPUSD formed a bearish engulfing pattern near $2.91, which reinforced a shift in sentiment following a sharp breakdown. A key support level at $2.89 was broken with confirmation by the close below it. On the 15-minute chart, a doji formed around $2.88, signaling indecision. The Fibonacci 61.8% retracement level of the prior rally sits near $2.88–2.89, acting as a potential short-term floor.

Moving Averages

On the 15-minute chart, price spent the majority of the day below the 50-period and 20-period moving averages, reinforcing a bearish bias. Daily moving averages (50/100/200) remain above current levels, suggesting a larger bearish trend. The 50-period daily MA is around $2.91–2.92, which could now act as a key psychological resistance for any counter-trend rallies.

MACD & RSI

The 15-minute MACD crossed below zero and remained negative, with bearish divergence evident in the histogram. RSI hit 28 on the 15-minute and 26 on the daily chart, indicating oversold conditions. However, without a strong reversal candle, this may not be enough to trigger a bounce. Momentum appears to be in favor of the short side.

Bollinger Bands

Price activity showed a wide Bollinger Band range following the breakdown below $2.90, indicating increased volatility. The 15-minute chart showed price lingering in the lower half of the bands for much of the period, supporting bearish bias. A consolidation near the lower band could trigger a retest of key support levels below.

Volume & Turnover

Volumes spiked during the breakdown below $2.90, with a 15-minute candle on 2025-0825T19:30 recording 124.2 units and a price drop to $2.9274. The largest single 15-minute turnover was 75,244.8 units at $2.8928. Volume and price aligned during the breakdown, indicating conviction. However, the final 6 hours showed significantly lower volumes, which could suggest a pause before the next move.

Fibonacci Retracements

The 38.2% and 61.8% Fibonacci retracement levels from the recent swing high of $2.967–2.8523 are at $2.929 and $2.89 respectively. The 61.8% level has now been broken and could see renewed attention as a potential reentry point for shorts. A retest of the 38.2% level may occur on any short-covering rally.

XRPUSD may remain range-bound near $2.89–2.91 in the next 24 hours, with a risk of further declines if support at $2.86 fails. Investors should watch for divergence in RSI and a breakout of Bollinger Band ranges as possible signals of a turning point.