A recent chart shared by crypto analyst Xoom (@Mr_Xoom) has placed renewed focus on XRP’s near-term trajectory.
The post highlights what the analyst describes as a “perfect call for the bottom,” based on Elliott Wave Theory, with the asset now positioned for a potential upside move as August 9 approaches, a date coinciding with the coming full moon.
The daily chart shows a clearly labeled five-wave impulse to the downside, with the final leg (wave five) concluding around the $2.8 area. The analyst emphasizes this zone as the bottom, visually reinforced by a boxed support region that captured the final wave low.
Notably, XRP lost the psychologically important $3 support level in early August, falling toward this level. Since completing the fifth wave, the digital asset has rebounded sharply, regaining the $3 level and trading at $3.08 at the time of Xoom’s analysis.
XRP Perfect call for the bottom.
Full moon on August 9, send it. https://t.co/2gTuBbaYdA pic.twitter.com/zd0ujAL7z5— xoom (@Mr_Xoom) August 7, 2025
Wave Structure and Support Confirmation
Xoom’s chart follows the classic five-wave sequence, with each wave respecting prior technical boundaries. The corrective nature of the move, declining from the July peak of $3.65, now appears to be over. The return above the $3 level, which acted as prior resistance and interim support in July, strengthens the argument that the market has completed a full corrective cycle.
Although the analyst did not provide an explicit price target, the implication is that the wave structure has reset and that the market is preparing for another impulsive move. The timing of the analysis is notable, as the full moon on August 9 is being linked to a potential catalyst for market momentum.
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Full Moon Reinforces Bullish Sentiment
While not a traditional technical indicator, moon phases and the upcoming full moon have been referenced by other experts as a secondary input for XRP, particularly when aligned with key chart signals.
Price behavior following the wave five low supports the short-term bullish outlook. XRP has held its gains and avoided a deeper retracement, which would typically follow a weak bounce. The recovery has brought the price back into the mid-range zone between $3 and $3.2, where it has historically consolidated.
By coupling the full moon, a speculative factor, with a textbook technical structure, the analyst positions August 9 as a potential inflection point. Whether the market respects this correlation remains to be seen, but the chart itself shows that the downward pressure has exhausted, and momentum is shifting.
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