Current Market Overview
As of August 18, 2025, XRP is trading at $2.97, experiencing a slight decrease of 0.048% from the previous close. The day’s trading range has seen a high of $3.14 and a low of $2.97.
Analyst Insights
Crypto technician “Charting Guy” has provided an analysis of XRP’s daily chart, highlighting a potential downward trend before any significant rally. According to his interpretation of Elliott Wave theory, the recent rebound in XRP’s price appears corrective rather than impulsive, suggesting a deeper C-wave pullback toward August’s lows.
“August bounce from $2.72 to $3.38 was a 3 wave corrective move up unlike others’ 5 wave impulsive move up, so I believe it was a B wave & we will likely revisit the August lows in the coming days/weeks for our C wave to end the correction that started late July.”
Technical Analysis
The annotated chart for XRP/USD indicates a developing five-wave sequence:
- Waves 1 and 2 completed in May and June.
- A peak in wave 3 into mid-July.
- An unfolding A-B-C pattern that would finalize wave 4.
The A leg descended from the wave-3 high, followed by a B-wave recovery to $3.40. The projected C leg is expected to descend into a Fibonacci cluster coinciding with the August trough. At the time of analysis, XRP was quoted around $3.02881 on the daily close, positioned between the 0.786 and 0.888 retracement levels.
Fibonacci Levels and Projections
Fibonacci retracement and extension levels play a crucial role in this analysis, with key levels identified as follows:
- 0 at $1.61184
- 0.136 at $1.78405
- 0.236 at $1.92231
- 0.382 at $2.14363
- 0.5 at $2.34100
- 0.618 at $2.55653
- 0.702 at $2.72195
- 0.786 at $2.87293
- 0.888 at $3.1273
- 1.000 at $3.4000
Above the prior high, the upside extensions for the prospective wave-5 run are marked at:
- 1.272 at $4.16533
- 1.414 at $4.63105
- 1.618 at $5.39272
The B-wave stall beneath the $3.1273–$3.4000 resistance band reinforces this region as a critical ceiling that the market must surpass to confirm the end of the correction.
Conclusion
While XRP has shown resilience in recent trading sessions, technical analysis suggests the possibility of a further downward movement before any substantial rally. Investors and traders should remain vigilant, considering both technical indicators and market developments when making decisions.
Bottom Line
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
