XRP News Today: XRP Holds Critical 0.618 Fibonacci Support at $2.88 Amid Bullish Elliott Wave Setup

XRP is currently maintaining support at the 0.618 Fibonacci retracement level near $2.88, a key technical level viewed as a critical juncture for its near-term trajectory [1]. This level, often referred to as the "golden pocket," is widely recognized in technical analysis as a potential turning point for asset trends [2]. Market analyst CasiTrades has highlighted that XRP’s ability to hold this zone aligns with the completion of subwave 2 under the Elliott Wave Theory, which could set the stage for a stronger upward move in subwave 3 [1].

According to CasiTrades, a successful test and retest of the $3.21 level would provide strong confirmation of bullish momentum and act as a launchpad for a potential move toward $3.41 [1]. Traders are closely watching for volume confirmation and structural clarity at this level, as it is seen as a pivotal psychological and technical barrier [2]. On the other hand, a decisive drop below the golden retracement could invalidate the bullish Elliott Wave count and force a retest of lower supports, adding complexity to the near-term outlook [1].

The broader market context is also supportive, with Bitcoin showing signs of RSI strength, which has created a synchronized bullish setup for XRP [1]. This confluence of technical indicators reinforces the case for renewed upside momentum in the asset. Additionally, Ripple’s ecosystem has continued to evolve, with the introduction of the RLUSD stablecoin in December 2024, expanding XRP’s utility in payments and liquidity management [1].

From an institutional standpoint, increased participation in futures ETF products has contributed to a more favorable environment for XRP. This development reflects growing mainstream adoption and a shift in market dynamics, with XRP trading above $2.15 amid heightened institutional interest [6]. The absence of bearish divergences in key indicators further supports the continuation of the bullish trend, although short-term corrections remain possible due to overbought conditions in some oscillators [7].

The potential for a powerful rally targeting $3.41 remains intact as long as XRP holds the golden retracement level [1]. Traders are advised to remain vigilant, with key levels such as $2.88–$2.95 representing essential support zones. A confirmed breakout above $3.21 would signal a structural shift and open the path toward higher targets [1]. In contrast, any breakdown below the $2.88 level could trigger a reevaluation of the current bullish thesis and lead to deeper retracements [4].

The market’s response to potential U.S. Federal Reserve rate cuts has also influenced sentiment, with crypto assets generally showing a tendency to move sideways or upward in the event of monetary easing [5]. However, the actual impact of macroeconomic events on XRP remains subject to broader market conditions and investor behavior [5].

Given these factors, XRP remains in a pivotal phase, with both opportunity and risk tightly defined. The next few trading sessions will be crucial in determining whether the asset can sustain its current momentum and continue toward higher price levels [1].

Source:

[1] Times Tabloid – [https://timestabloid.com/xrp-golden-retracement-is-holding-heres-what-it-means-for-price/](https://timestabloid.com/xrp-golden-retracement-is-holding-heres-what-it-means-for-price/)

[2] AInvest – [https://www.ainvest.com/news/xrp-news-today-xrp-holds-2-88-fibonacci-support-bullish-elliott-wave-outlook-2508/](https://www.ainvest.com/news/xrp-news-today-xrp-holds-2-88-fibonacci-support-bullish-elliott-wave-outlook-2508/)

[4] The Tradable – [https://thetradable.com/crypto/xrp-price-prediction-elliott-wave-shows-final-dip-before-4-rally-ig--m](https://thetradable.com/crypto/xrp-price-prediction-elliott-wave-shows-final-dip-before-4-rally-ig--m)

[5] Cryptonews – [https://cryptonews.com/news/why-is-crypto-up-today-august-21-2025/](https://cryptonews.com/news/why-is-crypto-up-today-august-21-2025/)

[6] Facebook · Crypto GB – [https://www.facebook.com/groups/cryptogb/posts/24234680806152357/](https://www.facebook.com/groups/cryptogb/posts/24234680806152357/)

[7] AInvest – [https://www.ainvest.com/news/medtronic-jumps-3-69-bullish-reversal-strong-volume-surge-2508/](https://www.ainvest.com/news/medtronic-jumps-3-69-bullish-reversal-strong-volume-surge-2508/)