Gone, it seems, are the days when Ethereum was languishing below $1,400, doing an impression of a limp lettuce leaf in April. Now it’s strutting about above $2,500, much like an overcaffeinated peacock at a pigeon convention.
According to crypto analyst XForce, XRP’s recent price behavior fits the framework of a classic Elliott Wave pattern, a pattern as intricate and as foreboding as the plot of a Dostoevsky novel. In a recent post on X (formerly Twitter), the analyst outlined a scenario where XRP could break above $5 in the current Wave 3 rally. His long-term projection points to a possible $13 target before the end of the year or early 2026. “Imagine, dear reader, a world where XRP soars to such heights, a world where the underdog finally triumphs over the relentless forces of market skepticism,” he mused, with a hint of dramatic flair.
It all started when they announced plans to raise a cool $1 billion at a $4 billion valuation. Sounds like a lot of money, right? But then, on Friday, reports emerged that the whole thing was being put on hold. Again. I mean, I’ve seen high school proms that were better organized than this.
Joan, a woman of great faith in her local Wells Fargo branch, received a call that appeared to be from the very institution she trusted. The caller, claiming to be a fraud representative, instructed her to cut her bank card in half and promised that someone from the fraud department would come by to pick it up. Joan, being the obedient soul she is, followed the instructions to the letter.
On-chain data suggests that even the long-term holders, those brave souls who thought they could ride this rollercoaster forever, are starting to liquidate their holdings. It’s a classic case of “I thought we were in this together!” as XRP enters a strong distribution phase. Will it plummet to the support of $2.0, or will it bounce back like a rubber ball? Only time will tell, but grab your popcorn! 🍿