XRP News Today: Xoom Flags August 9 as Key XRP Turnaround Date Amid Completed Bear Wave and $3 Rebound

A recent analysis by crypto market observer Xoom (@Mr_Xoom) has drawn attention to a key inflection point for XRP on August 9, 2025, citing technical and symbolic factors that could drive a price rally. The analyst’s chart, shared on social media, outlines a completed five-wave bearish pattern that ended near the $2.8 level, a zone identified as a potential bottom. This conclusion is based on Elliott Wave Theory, with the final wave (wave five) having completed its downward thrust around that price [1]. Following this, XRP briefly dipped below $3 in early August but has since rebounded, regaining that level and trading at $3.08 at the time of Xoom’s analysis [1].

According to Xoom, the five-wave structure indicates a potential reversal, with the final wave's completion signaling the end of a corrective phase. The analyst also draws attention to the full moon on August 9 as a speculative factor that could influence market momentum. While moon phases are not traditional technical indicators, they have been referenced in some crypto circles as secondary timing signals when aligned with key chart levels. In this case, the convergence of a technical bottom and the full moon has led Xoom to suggest that August 9 could be a catalyst for a bullish move [1].

The chart further illustrates a boxed support region around the $2.8 level, which captured the low of wave five. This support zone, coupled with the price's retesting and subsequent recovery above $3, reinforces the argument that downward momentum has waned. The analyst’s analysis does not provide an explicit price target but implies that the structure is in place for a new impulsive move, potentially upward [1].

The technical environment has seen XRP regain the $3 level after a brief break below it in early August, which is considered a psychologically significant support line. This bounce suggests that the immediate bearish pressure may be dissipating, although further confirmation will be needed to validate a sustained reversal. The price currently sits in the mid-range of its historical consolidation band between $3 and $3.2, a region it has often returned to after corrections [1].

While Xoom’s analysis is bullish, it acknowledges that the market must still prove its ability to hold key levels. A failure to do so could result in a deeper retracement. The current environment, however, shows signs of stabilizing, with the asset regaining ground after completing a textbook bearish structure. The full moon on August 9 appears to coincide with this technical turning point, making it a date of interest for traders and investors [1].

Source: [1] Analyst Says August 9 Is Crucial for XRP Price Rally... (https://timestabloid.com/analyst-says-august-9-is-crucial-for-xrp-price-rally-heres-why/)