XRP Touches $0.65 Before Pullback, Is Profit-Taking Just Beginning?

2025-08-05

After an impressive rally that saw XRP price touch the $0.65 resistance, the token has pulled back slightly, sparking speculation about the possibility of an ongoing ripple price correction.

With the broader crypto market experiencing volatility driven by macroeconomic concerns, shifting investor sentiment, and high-profile unlock events, many traders are now closely watching XRP’s next moves.

XRP Breaks $0.65, Then Pulls Back: What Happened?

Just weeks after hitting a historic all-time high of $3.65, XRP coin surged again and briefly broke the $0.65 mark, a level seen by many traders as a short-term resistance zone.

The surge was supported by renewed optimism in the XRP ecosystem, technical indicators pointing toward bullish momentum, and a broader rebound in major altcoins.

However, resistance at $0.65 proved too strong to hold. A swift XRP price retracement followed, with the token dipping back toward the $0.60–$0.62 range.

This pullback wasn’t entirely unexpected, especially given the overbought signals on several momentum indicators and an observed drop in trading volumes across major exchanges.

Is This Just Profit-Taking or Something More?

XRP Touches 0.65 Before Pullback - Bitrue

Source: Ali Charts on X

The current movement appears to be a textbook case of profit-taking, a common occurrence after a quick rally. Several whale wallets that accumulated XRP at lower levels seem to have offloaded some positions near $0.65, locking in short-term gains.

At the same time, the MVRV ratio, a key on-chain metric used to gauge average investor profit, recently flashed a bearish "death cross," suggesting that a broader ripple price correction might be forming.

Analyst Ali Martinez noted that XRP’s MVRV ratio has fallen below its 200-day moving average, a historical signal of potential downside pressure. When paired with cooling volumes and weakening RSI, the market sentiment may be shifting from euphoria to caution.

XRP’s Support Zones and Technical Outlook

Despite the pullback, XRP remains in a longer-term uptrend. As long as it maintains support above $0.58 and holds within the upward price channel identified on the daily chart, bulls may still have the upper hand.

Key technical indicators to watch:

1. 21-day EMA: Currently near $0.61, acting as dynamic support.

2. RSI: Dipped below 50, indicating weakening bullish momentum.

3. Chaikin Money Flow (CMF): Still slightly positive at 0.12, showing moderate capital inflow.

A clean daily close above $0.65 is still needed to re-establish bullish control. However, a dip below $0.58 could open the door to a deeper correction toward the $0.52–$0.55 range.

Ecosystem Developments Still Bullish

Even as the price action cools, Ripple’s fundamentals remain strong. The launch of the EVM-compatible XRP Ledger sidechain continues to attract developers from the Ethereum ecosystem.

This cross-chain compatibility could significantly expand XRP’s DeFi capabilities and user base, further fueling long-term demand for the token.

Additionally, Ripple CTO David Schwartz recently announced a new infrastructure project to improve the XRP Ledger’s validator ecosystem, further enhancing decentralization and network resilience.

Can XRP Reclaim Momentum?

Short-term traders may need to wait for consolidation and clearer reversal signals before re-entering. But for long-term investors, XRP’s expanding ecosystem and adoption story still hold promise.

Reclaiming and holding above $0.65 resistance is the next bullish milestone. If that happens alongside rising volume and a reversal in the MVRV ratio, XRP could be primed for another leg upward.

Conclusion: Is the Correction a Buying Opportunity?

The recent XRP price retracement from $0.65 is likely a mix of technical rejection and profit-taking. While bearish indicators like the MVRV death cross shouldn't be ignored, XRP continues to show resilience on higher timeframes.

Whether you're a cautious trader or a long-term holder, staying informed is key. Keep your eyes on support levels, on-chain activity, and broader market sentiment to navigate XRP's next moves.

To get the latest insights, price predictions, and expert breakdowns on XRP and other top digital assets, make sure to follow the Bitrue Blog. Don’t miss a beat in the fast-moving crypto world!

FAQ

What is the current XRP resistance level?

The current short-term resistance for XRP is at $0.65. A confirmed breakout above this could trigger the next leg upward.

Why did XRP pull back after reaching $0.65?

XRP faced profit-taking pressure after hitting $0.65, coupled with weakening technical indicators and bearish signals like the MVRV death cross.

Is this price drop a ripple price correction or just a retracement?

At the moment, it appears to be a healthy retracement. However, if support at $0.58 fails, it could evolve into a deeper correction.

What is the outlook for XRP in August 2025?

While the short-term outlook shows caution, the long-term picture remains positive thanks to ecosystem upgrades like the EVM sidechain and increasing developer activity.