• Ripple (XRPUSDT) posted a 24-hour low of $2.92, driven by a late-night selloff.
• A sharp bearish engulfing pattern emerged after the 2025-08-24 19:45 candle, confirming a shift in momentum.
• Volatility expanded significantly during the selloff, with a 15-minute range of ~$0.1225 (3.1166 → 2.9911).
• RSI reached oversold levels below 25, suggesting potential near-term buying interest.
•
Bands showed a recent widening, reflecting heightened uncertainty and mixed investor sentiment.
At 12:00 ET–1 on August 24, 2025, XRPUSDT opened at $3.0308 and peaked at $3.1258 before dropping to a 24-hour low of $2.92 on August 25. It closed at $2.9538 at 12:00 ET. The 24-hour trading volume totaled ~133.5 million
, with a notional turnover of ~$388.1 million.
Structure & Formations
XRPUSDT experienced a key bearish reversal on the 2025-08-24 19:45 candle, showing a wide-range bearish engulfing pattern with a high of $3.1173 and a close of $3.0559 — a ~3.3% drop. This candle acted as a major turning point, leading to a sustained decline. A key support level appears to have formed near $2.92–$2.94, where price bounced back slightly. On the daily chart, the 50-day and 200-day moving averages currently sit at ~$3.05 and ~$3.15 respectively, suggesting a bearish crossover is likely to form in the near term.
Moving Averages
The 20-period and 50-period moving averages on the 15-minute chart show a bearish divergence, with prices consistently trading below both during the final 8 hours of the 24-hour window. On the daily chart, XRPUSDT closed below its 50-day and 100-day moving averages, reinforcing the bearish bias. The 200-day MA remains a key long-term resistance level (~$3.15), which may offer stiff resistance on any near-term rallies.
MACD & RSI
The MACD turned negative after the 19:45 candle, with the histogram shrinking through the end of the session, suggesting momentum has exhausted. RSI bottomed out around 23–25 in the final hours of the session, signaling an oversold condition and the potential for a short-term rebound. However, without a strong bullish reversal in the next 24 hours, a follow-through to the 2.90 level seems likely.
Bollinger Bands
Bollinger Bands experienced a sharp expansion following the breakdown from the $3.11–$3.12 range, with price touching the lower band multiple times in the final hours of the session. This widening of the bands suggests heightened volatility and uncertainty in the market. If the current range between $2.92 and $2.97 holds, it could indicate a consolidation phase before the next directional move.
Volume & Turnover
Volume surged sharply during the key bearish candle at 19:45 with a notional turnover of ~$58.9 million, confirming the move. The volume profile during the selloff showed increased buying pressure in the final 6 hours, but prices remained under pressure. A divergence between rising volume and falling prices was not observed, suggesting the bearish momentum is still intact.
Fibonacci Retracements
The recent 15-minute swing from $3.1166 to $2.9911 (a $0.1255 drop) aligns with the 61.8% Fibonacci level at $3.0447, which corresponded with the 2025-08-25 01:30 candle. On the daily chart, the 61.8% retracement level of the broader $3.15–$2.92 move sits near $3.03–$3.05, coinciding with the 20- and 50-period moving averages.
Over the next 24 hours, a retest of the $2.92–$2.94 range is possible if the current bearish trend continues, but a bullish reversal could emerge if XRPUSDT stabilizes above $3.00. Investors should remain cautious of any sudden regulatory news or macroeconomic shifts that could exacerbate volatility in the market.
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