Crypto Market Report — August 26, 2025
🔻 XRP Bulls Retreat as Correction Deepens
XRP is facing heavy selling pressure, reversing gains from the recent $3.120 high. The token has slipped below the $3.00 level and is currently trading under $2.950, along with the 100-hour simple moving average (SMA).
Market data shows that XRP/USD broke below a rising channel with key support near $3.00 on the hourly chart, signaling further downside risk.
Like Bitcoin and Ethereum, XRP failed to hold above the $3.050 level. After topping near $3.120, the price corrected sharply, breaking below $3.050 and $3.00. It even dipped through the 76.4% Fibonacci retracement of the $2.781 swing low to $3.126 high, reaching as low as $2.824.
Currently, XRP is consolidating losses near $2.820. On the upside, immediate resistance is at $2.90, followed by stronger resistance near $2.980 — aligning with the 50% Fib retracement of the $3.126 swing high to $2.824 low. A breakout above $2.980 could open the door to $3.050 and possibly retest the $3.120 barrier. However, analysts warn that bulls may face a tough test near the $3.20 zone.
📉 Another Drop Possible?
If XRP fails to break resistance at $2.980, further downside is likely. The first key support sits at $2.825, followed by $2.780. A decisive move below $2.780 could accelerate losses toward $2.720 or even the $2.650 support zone.
📊 Technical Indicators
Hourly MACD: Bearish momentum building.
Hourly RSI (Relative Strength Index): Below 50, showing weakness.
Major Support Levels: $2.825, $2.780.
Major Resistance Levels: $2.980, $3.050, $3.120.
XRP traders are now closely watching whether the token can reclaim $2.980 or if the bearish momentum will drag it to new weekly lows.
---$ETH
