XRP News Today: XRP Consolidates Between $2.90 and $3.30 With Eyes on $3.20 Breakout for $4.67 Push

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Saturday, Aug 16, 2025 5:45 am ET1min read
XRP
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Aime RobotAime Summary

- XRP consolidates between $2.90–$3.30 after breaking a long-term descending wedge, with analyst Rose emphasizing Fibonacci retracement levels as critical for near-term direction.

- Key support at $2.95–$3.00 and $2.46–$2.50 could validate bullish continuation, while a $3.20 breakout targets $4.67 amid improving RSI and MACD signals.

- Mixed technical indicators show weakening bearish momentum (MACD -0.0085) and subdued volume (5.26M), but RSI at 43.22 suggests potential for either upward or downward movement.

- Failure to hold above $2.90 risks deeper correction toward $2.07, but sustained buying at 0.382 Fibonacci level could trigger another bullish impulse.

XRP is currently trading within a consolidation range of $2.90 to $3.30 following a breakout from a long-term descending wedge pattern. Analyst Rose has highlighted the significance of Fibonacci retracement levels in shaping the asset’s near-term trajectory, identifying key support areas such as $2.95–$3.00, $2.70, and the $2.46–$2.50 range [1]. These levels are seen as crucial for determining whether a bullish continuation could materialize [1].

According to the analysis, the $2.70–$2.50 range represents the “ideal long entry area” based on Fibonacci confluence and structural support [1]. This accumulation zone is considered vital for positioning ahead of a potential recovery move. If

XRP
breaks above $3.20, it could push toward $3.40–$3.60, with the broader bullish target set at $4.6704 [1]. A successful breakout would align with improving RSI levels and a possible MACD crossover, reinforcing the bullish case [1].

Technical indicators currently present a mixed outlook. The RSI at 43.22 suggests a mild bearish bias but is not yet in oversold territory, indicating that the price could move in either direction depending on market momentum [1]. The MACD line at -0.0085 and signal line at -0.0275 show weakening downside momentum, with the histogram reflecting diminishing bearish pressure [1]. Volume remains subdued at 5.26 million, suggesting a lack of strong conviction in the current consolidation phase [1].

Should XRP fail to hold above $2.90 and retrace further, the $2.70 level offers initial support, with deeper retracements at $2.46–$2.50 acting as a broader accumulation zone [1]. A sustained move below these levels could signal a deeper correction toward $2.07 [1]. However, if buyers reassert control and the 0.382 Fibonacci level holds, it could set the stage for another bullish impulse [1].

The current price action underscores the importance of monitoring both Fibonacci retracement levels and technical momentum indicators. A bullish continuation remains dependent on holding key support levels and breaking through resistance. If the near-term consolidation resolves with a break above $3.20, it could be a catalyst for a move toward $4.67 [1].

Source: [1] XRP Consolidates Amid Fibonacci Levels, Analyst Suggests Potential for Bullish Move Towards $4.67 (https://en.coinotag.com/xrp-consolidates-amid-fibonacci-levels-analyst-suggests-potential-for-bullish-move-towards-4-67/)