- XRP struggling under $3 support with whales trimming holdings while retail wallets still buying.
- Analysts eye Elliott Wave 3 rebound targets near $3.65–$3.82 if bullish momentum holds.
XRP traders are watching Elliott Wave signals that suggest the cryptocurrency could be preparing for a strong rebound in 2025. CasiTrades says the current setup places XRP in the second stage of the cycle, with the third wave often bringing the sharpest advance.
Casi explained that Wave 3 may push the token toward higher resistance, starting with a retest of $3.65. In this case, the 2.618 Fibonacci extension places the first upside target at $3.82. That level also matches the debated all-time high that many price trackers reference.
The analyst stressed the importance of maintaining the $3 support to sustain bullish strength. She noted,
Really need $3 support to hold to keep this bullish momentum going. Below $3, it would [likely]shift to very bearish momentum.

Recent Setbacks Weigh on Short-Term Sentiment
In spite of hopes for 2025, XRP experienced significant losses this month. Following a high of $3.35 on Thursday, August 14,the coin dropped 6% on the same day before dipping by another 6.62% over a period of five days. The decline lowered the price below the $3 level to $2.88.
The bearish action sparked activity among big players. wallets with 10 to 100 million tokens lost about 460 million XRP during the week. On the contrary, smaller whale addresses with 1 to 10 million tokens increased holdings by 130 million XRP. This shows conflicting opinions within various groups of investors.
Historically, price movements of XRP often mirrored larger whale action. Their reduced positions have thus increased caution, even as retail investors keep buying.

XRP Support and Resistance Levels in Focus
The larger market correction pushed XRP below its 50-day Simple Moving Average. If weakness persists, support at $2.78 becomes the initial target, followed by $2.6 as a deeper buffer against losses. The momentum indicators like RSI and MACD are also simultaneously indicating the current bearish trend.
Recovery above $2.99 would set up a retest of the key $3 resistance level. Analyst EGRAG noted that a monthly close above $3.3 would solidify hopes for September, and a lack thereof could cement weakness heading into autumn.
Media celebrity Zach Rector also laid out his expectations last month by predicting that XRP could rally to $7–$15 between August 23 and September 7. That call is under watch as investors look for clearer signals.
Furthermore, this week hosts the annual event at Jackson Hole on Friday, where Federal Reserve Chairman Jerome Powell speaks. His comment could influence overall sentiment among investors and guide holders to respond in the short term.

