Market Overview for Ripple (XRPUSDT) – August 21, 2025

• Price tested key resistance near $2.95 before retracing lower, closing near $2.8875.
• On-balance volume shows uneven participation, with afternoon buying interest followed by late selling pressure.
• RSI and MACD signal weakening momentum with potential oversold conditions near 2.89–2.90.
• Volatility expanded midday, peaking at 2.99 before a sharp 5.8% correction.
• Bollinger Bands suggest consolidation may resume after today’s range expansion.

Ripple (XRP) opened at $2.9228 on August 20 at 12:00 ET, surged to $2.989 before retracing to a 24-hour low of $2.8759, and closed at $2.8875 as of 12:00 ET on August 21. Total volume for the 24-hour period was approximately 64.2M XRP, with notional turnover reaching $185.2M.

Structure & Formations

XRPUSDT tested a key psychological level near $2.95, forming a short-lived bullish breakout followed by a bearish rejection, marked by a long upper shadow and a bearish engulfing pattern. Support emerged at $2.90–2.91, but the price pushed lower into a 2.89–2.88 cluster where a potential double-bottom structure may be forming.

Moving Averages

On the 15-minute chart, price spent much of the session below both the 20- and 50-period moving averages, indicating bearish control. The 50-period line appears to be flattening in the $2.94–2.95 range, which could act as a near-term resistance if buyers re-enter.

MACD & RSI

The MACD crossed into negative territory with increasing bearish divergence after the midday peak. RSI entered oversold territory near 2.89–2.90, suggesting a potential bounce back into the $2.90–2.92 range. However, the RSI has shown signs of divergence during the sell-off, hinting at potential fatigue in the downward move.

Bollinger Bands

Volatility expanded midday as XRPUSDT pushed above the upper band, reaching a high of $2.989, before collapsing into the lower band by the end of the session. The bands are currently widening, indicating ongoing price uncertainty and the potential for a consolidation phase or a breakout attempt.

Volume & Turnover

Volume spiked sharply at the top of the move near $2.95–2.99, but diverged with price during the subsequent decline, suggesting weak follow-through from sellers. Notional turnover was highest in the 15-minute candle at 19:30 ET (August 20), where the asset traded $10.5M in a single candle.

Fibonacci Retracements

Applying Fibonacci to the key swing from $2.89 to $2.989, the price has found support at the 61.8% level (2.91) and may now test the 50% level at $2.93 in the near term. A break below the 38.2% level ($2.89) would signal deeper bearish momentum.

XRPUSDT may attempt to consolidate between $2.88 and $2.92 in the next 24 hours, with the RSI and volume suggesting a possible rebound. However, a sustained break below $2.88 could extend the downward trend toward $2.85, with increased volatility likely during key U.S. market hours. Investors should remain cautious as divergence signals market uncertainty.