Oh the joy! XRP is tanking faster than my diet on a pizza day. Dropped to $2.18, because why not? Market cap? A mere $126.5 billion. 🤑 In a month, it’s down 30%. Weekly? 20%. But hey, trading volume is up to $6.79 billion. Investors are basically saying, “Hold my beer.”
Everyone was like, “Trump’s gonna save us!” with his XRP shoutout on Truth Social. Plus, rumors of a U.S. XRP Reserve and the SEC maybe, just maybe, dropping its lawsuit against Ripple. And what do we get? A 30% plunge. Thanks, universe! 🙄
It’s a party and everyone’s invited! Bitcoin‘s at $82,000 after a 6.2% slide, Ethereum‘s down 10.5%, and Solana’s like, “Me too!” at 12.6%. BNB, Dogecoin, Cardano? All painting the town red. XRP’s 28.55% below its monthly high. Traders are basically biting their nails off.
Analysts say $2.30 is the magic number. Fall below that, and it’s game over. XRP closed at $2.278 yesterday and decided, “Nah, let’s drop another 3.77%.” RSI at 33.04 screams “Buy me!”, but futures open interest dropped 15%. Whales dumped 81 million XRP. Thanks, guys!
Speaking of whales, they’ve dumped 370 million XRP in 96 hours. That’s a 16% plunge. From $2.5 to $2.1. Smooth move, Ex-Lax.
Whales have sold over 370 million $XRP in the last 96 hours!
— Ali (@ali_charts) February 25, 2025
The global economy’s like, “Let’s make it worse.” Biden’s tariffs on China, Mexico, and Canada are a real treat. Inflation? Yeah, that’s a thing. The Fed might keep rates tight. Crypto’s basically a ticking time bomb. 🧨
Trump’s comeback was supposed to be crypto’s knight in shining armor. Instead, Bitcoin’s down 13%, Ethereum’s lost 37%, and XRP’s like, “30%? That’s my number!” since January.
XRP’s oversold like crazy, trading’s at its peak, so a bounce might happen. But with confidence lower than my chances of winning the lottery, whales selling like there’s no tomorrow, and economic doom looming, a recovery? Don’t hold your breath. Investors are basically watching XRP like a hawk. Good luck with that!
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2025-02-27 11:18