Will XRP Bounce Back or Just Keep Falling? Find Out! 🚀💸

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Will XRP Bounce Back or Just Keep Falling? Find Out! 🚀💸

In the quiet town of financial despair, Ripple’s daring token recently faced a rejection at its lofty $2.7 peak, tumbling all the way down to below $2.35. Ah, the thrill of volatility! Only a few days ago, it strutted around like a peacock, now it’s hiding in the bushes, waiting for its next move.

But, dear reader, don’t count our hero out just yet—an indicator, in its infinite whimsy, has flashed a buy signal. Yes, amidst this calamity, the market’s technical wizardry hints that perhaps this fall is merely a prelude to another rise. Who knows? Maybe XRP will surprise us all, or perhaps it’s just playing hard to get. 😉

$XRP seems poised for a comeback, as the TD Sequential dances happily with multiple buy signals on the hourly chart! 😂

— Ali (@ali_charts), probably with a cup of coffee in hand

According to the renowned crypto analyst Ali Martinez, the TD Sequential—a fancy tool to gauge exhaustion—has shown several buy signals, giving hope to the weary XRP enthusiasts. Despite its recent failure to breach the $2.7 barrier on Monday and Wednesday, and the subsequent plunge to $2.3, the charts whisper sweet nothings about potential recovery.

This market stumble coincided with Judge Torres’s decision to deny the joint motion by the SEC and Ripple for a quick settlement—an official $50 million no-go. Apparently, justice is slow, but perhaps, like an old man at a bakery, it will eventually give in to the temptation of good news.

Once, Martinez suggested XRP faced no major resistance on its path to hitting $3, maybe even $4—unless, of course, it breaches the delicate support at $2.38. That would be an unfortunate turn, akin to a bad hair day for the crypto fans. In the past 24 hours, the lack of new wallets—only 3,500 created daily—adds to the sober mood, especially when Bitcoin and Ethereum are throwing party invites with hundreds of thousands of new users daily. Who knew? Perhaps XRP’s idea of fun is a bit more… reserved. 😂

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2025-05-17 21:49