The XRP Storm Might Be Over… Or Not. Here’s What’s Happening Now!

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So, XRP—our beloved fourth-largest cryptocurrency (if you’re keeping track, yes, it’s that one)—has had a week that’s been, well, all over the place. Drama, ups, downs, the whole shebang. Like a reality TV show but with more charts and fewer hair extensions. 💁‍♀️

Let’s break it down: XRP started the week with a sad trombone sound—falling to $1.61 after a three-day slump. But, plot twist! By Wednesday, it was like a Rocky movie montage, shooting up from $1.72 to $2.09. 🏃‍♂️💥 But, just when we thought it was safe to uncork the champagne, Thursday came along and said, “Nah, we’re not done yet.” A little dip, but don’t worry—XRP came back swinging on Friday. By Saturday, it was up 4.53% to $2.09, reaching an intraday high of $2.185. So, basically, it had a glow-up. 🌟

Now, here’s where it gets interesting (cue suspenseful music): Ripple just dropped $1.25 billion on Hidden Road. That’s right, folks, a billion. Not a typo. It’s the largest deal in Ripple’s history and one of the biggest in crypto history—so you might want to sit down for that one. Hidden Road is going to use Ripple’s fancy RLUSD stablecoin as collateral for its products and is shifting its post-trade stuff to the XRP Ledger. If you’re not impressed, I don’t know what will do it for you. 🤑💸

Reversal Pattern: Is the Storm Over? Probably. Maybe.

Hold onto your seats because it looks like XRP is pulling off a “golden cross” move on its hourly chart. No, it’s not an exclusive yoga pose, it’s actually a very fancy technical term that means a short-term moving average just crossed over a long-term one. This could mean—wait for it—upward momentum! Yes, upward! Like a phoenix rising from the ashes… of its previous slump. 🔥🦅

Now, let’s not get too excited. Golden crosses on hourly charts are like the mini-milestones of the crypto world. They might not hold the same weight as, say, a golden cross on a daily or weekly chart, but still… a golden cross is a golden cross. If you squint real hard and ignore the chaos of the crypto market, it could be the start of something big. Don’t get too comfortable, though. It’s too early to call it a full trend change. That would be too easy. 🙄

If this whole “upward momentum” thing holds, the next magic number to watch is $2.26—mark that on your calendars. That’s the daily SMA 50 level, and if XRP pushes through it, it could be heading to $3. 🎯 On the other hand, if the market decides to play hard-to-get, XRP might just chill in a range for a bit, with support levels at $1.88 and $1.61. It’s like playing hardball, but in crypto. ⚾

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2025-04-12 17:45