XRP May Be Oversold After Falling Below 50-Day SMA; SBI MOU on RLUSD Could Support Demand

• XRP closed as low as $2.78, marking three sessions below the 50-day SMA ($2.99).

• Hourly RSI fell below 30, suggesting oversold momentum and a potential technical rebound.

• Ripple signed an MOU with SBI VC Trade to distribute RLUSD in Japan, supporting stablecoin expansion amid market volatility.

XRP price update: XRP price fell to $2.78, oversold on RSI; monitor SMA and RLUSD developments. Read latest analysis and next steps.

Published: 2025-08-23 | Updated: 2025-08-23 | Author: COINOTAG

XRP trades below the 50-day SMA for three sessions, hitting $2.78 as RSI signals oversold territory amid broader market weakness.

What is driving the recent XRP price decline?

XRP price fell to $2.78 as persistent selling pressure pushed the token below its 50-day simple moving average ($2.99) for a third consecutive session. Broad market liquidations, macro uncertainty ahead of the Jackson Hole speech, and technical momentum contributed to the decline.

How oversold is XRP and what does the RSI indicate?

On the hourly chart, XRP’s relative strength index (RSI) slipped under 30, a commonly used threshold for oversold conditions. This suggests short-term selling exhaustion and raises the probability of a relief bounce, though traders typically seek RSI confirmation alongside price support near the 50-day SMA.

Why does Ripple’s MOU with SBI VC Trade matter for RLUSD?

Ripple Labs and SBI VC Trade signed an MOU to distribute RLUSD in Japan, signaling institutional distribution plans for the stablecoin across the XRP Ledger and Ethereum. This move may increase RLUSD accessibility in a major fiat market and supports Ripple’s broader stablecoin adoption strategy.

Frequently Asked Questions

What immediate support and resistance levels should traders monitor for XRP?

Immediate support sits near $2.78, the session low, while the 50-day SMA at $2.99 is near-term resistance. A close above $3.20 would offer stronger bullish confirmation, whereas a break below recent intraday lows increases downside risk.

How do macro events influence XRP price movement?

Macro events, such as Federal Reserve commentary at Jackson Hole, affect risk appetite across crypto markets. Elevated policy uncertainty can trigger liquidations and volatility, as reflected in recent market-wide closures totaling roughly $312 million, according to CoinGlass data.

Key Takeaways

• Technical pressure: XRP has closed below its 50-day SMA for three sessions, signaling near-term bearish momentum.
• Momentum indicator: Hourly RSI under 30 points to oversold conditions and a higher chance of a short relief rally.
• Fundamental catalyst: Ripple’s MOU with SBI VC Trade to distribute RLUSD in Japan supports long-term stablecoin strategy and network adoption.

Conclusion

XRP price action shows technical strain after falling to $2.78 and staying below the 50-day SMA, with hourly RSI suggesting oversold conditions. Market participants should combine technical indicators with macro liquidity metrics and official developments—such as Ripple’s RLUSD MOU with SBI VC Trade—before taking directional positions. Monitor price confirmation and liquidation flows for clearer signals.