XRP News Today: XRP Dips 2.76% Amid Oversold Conditions as Ripple Signs RLUSD MOU

Generated by AI AgentCoin World
Friday, Aug 22, 2025 10:27 am ET1min read
XRP
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Aime RobotAime Summary

- XRP showed oversold conditions in late August 2025 as RSI fell below 30, signaling potential short-term rebounds after a 2.76% 24-hour decline to $2.80.

- Price dropped from $3.38 to $2.78 amid profit-taking and macroeconomic uncertainty, with $312M in market liquidations reported.

- Ripple's partnership with SBI VC Trade for RLUSD distribution in Japan and Fed policy developments could influence near-term XRP sentiment.

- Analysts caution traders to wait for price confirmation (e.g., SMA 50 retest, higher volume) before entering positions amid mixed technical-macro dynamics.

XRP appears to be in a short-term oversold condition, according to technical indicators observed in late August 2025. The hourly Relative Strength Index (RSI) for

XRP
dropped below 30, a widely recognized signal of potential short-term relief rallies [1]. This decline follows a pullback from an August 8 high of $3.38 to an intraday low near $2.78, with the price failing to hold the daily 50-period simple moving average (SMA) at $2.99 [1]. At the time of reporting, XRP had fallen approximately 2.76% over 24 hours to trade at $2.80, with market liquidations reaching roughly $312 million, according to data from CoinGlass [1].

The oversold conditions have emerged as traders locked in profits following recent gains and as broader market sentiment shifted amid macroeconomic uncertainties [1]. The sell-off intensified during a period when XRP faced pressure from risk-sensitive assets, highlighting the interplay between crypto and traditional market dynamics [1]. Analysts suggest that while an RSI reading below 30 may signal a short-lived bounce, a sustained recovery would require confirmation through price action—such as a retest of the daily SMA 50 and increased volume on bullish days [1].

In addition to technical factors, macroeconomic developments could influence XRP’s near-term trajectory. Central bank communications, particularly from Federal Reserve officials like Jerome Powell at the Jackson Hole symposium, are key variables that could alter risk appetite across asset classes [1]. Institutional developments also play a role, as seen in Ripple’s recent announcement of a memorandum of understanding (MOU) with SBI VC Trade to facilitate the distribution of RLUSD in Japan [1]. Such institutional activity may provide a temporary lift in sentiment for XRP.

Despite the oversold signal, traders are advised to remain cautious and await confirmation before entering positions. Observing higher-timeframe indicators and liquidity metrics is essential to gauge whether the current pullback leads to a meaningful rebound or continues as part of a broader correction [1]. The interplay between technical conditions and macroeconomic events will likely determine the next phase of XRP’s price action in the coming weeks.

[1] XRP May Be Oversold After August Slide; Could See Short-Term Bounce as Ripple Signs RLUSD MOU, COINOTAG, https://en.coinotag.com/xrp-may-be-oversold-after-august-slide-could-see-short-term-bounce-as-ripple-signs-rlusd-mou/