Ripple Market Overview: XRPUSDT 24-Hour Analysis

Ripple (XRPUSDT) opened at $3.0469 on 2025-08-01 12:00 ET and closed at $2.9975 by 12:00 ET on 2025-08-02. The 24-hour range was between $3.0526 and $2.8962. Total volume was 82,485,386.10, and total turnover was $246.64 million.

• Price fell into a bearish trend, breaking below key support at $3.01 and testing $2.90.
• RSI signaled oversold conditions near $2.8962, suggesting potential short-term buying interest.
• Volume surged during the sharp decline, confirming bearish momentum.
• A bullish engulfing pattern emerged near $2.96–2.98, hinting at a possible short-covering rally.
• Bollinger Bands widened during the drop, indicating heightened volatility.

Structure & Formations

The 24-hour period saw a sharp bearish breakdown from $3.05, with key support levels at $3.01, $2.95, and $2.90 tested. A bullish engulfing candle formed at $2.96–2.98, suggesting a temporary pause in the downtrend. A doji near $2.9343 also signals indecision and potential reversal. Resistance appears to be building around $2.98–3.01, with support likely at $2.90–2.92.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are bearishly aligned, with price closing below both. Daily averages (50/100/200) are also bearish, with XRPUSDT trading below all three. This confirms a short-to-medium-term bearish bias.

MACD & RSI

The MACD line crossed below the signal line during the decline, confirming bearish momentum. RSI dropped into oversold territory near 25, suggesting a potential bounce. However, a failure to break above 50 could extend the bearish phase.

Bollinger Bands

Bollinger Bands expanded during the sharp decline, indicating rising volatility. Price briefly bounced near the lower band at $2.90–2.92, suggesting possible short-term support. A sustained move above the 20-period SMA could signal a tightening of the bands and a potential consolidation phase.

Volume & Turnover

Volume spiked during the decline from $3.05 to $2.90, with the largest turnover occurring between 22:30 and 00:00 ET. This confirms bearish conviction. However, volume has since cooled, indicating a potential exhaustion of sellers.

Fibonacci Retracements

Applying Fibonacci to the key swing high of $3.0526 and low of $2.8962, the 38.2% retracement level is at $2.96 and the 61.8% level is at $2.93. Price has bounced near these levels, suggesting they may serve as short-term support.

XRPUSDT may test $2.90–2.92 as a key support zone in the next 24 hours. A break below this could target $2.85. However, a rebound above $2.96 may indicate a short-term reversal. Investors should remain cautious and watch for volume confirmation on any upward moves.