Well now, XRP, that fourth-biggest shiny pretend-money out there in the wild world of cryptos, has been sittin’ stubborn as a mule ’round the $2.18 mark—right where the daily SMA 50 hangs out. Folks trading this gadget are scratching their heads, wondering when this here critter’s gonna pick up some gumption and move.
This SMA 50 thingamajig ain’t just any ol’ line; it’s been holdin’ the reins for XRP, sometimes lettin’ it prance, other times smacking it down right hard during this whole rollercoaster ride.
Back in February, XRP took a nosedive below the SMA 50. Since then, it’s been tryin’ like a cat on a hot tin roof to climb back above, but it sure looks like it’s run outta steam—ain’t nobody putting in enough chips to push it clear past that stubborn fence.
It made a few half-hearted lunges at that line in February and again twice in March, but each time it flopped faster than a fish outta water. These brief flings above the SMA 50 haven’t lasted—XRP’s been shufflin’ sideways like it’s dancin’ to some slow fiddle tune.
Right now, that daily SMA 50 sitting at $2.18’s like a mischievous whittlin’ stick caught in the spokes, keepin’ XRP stuck in the mud. After a bunch of sittin’ and stew’n since mid-April, XRP hopped up with the rest of the crypto hootenanny, climbin’ just east of SMA 50 and poking its head at $2.30 on April 23. But just like a bull seeing red, it hit a wall and now sits sulkin’ nearby.
XRP’s Rallying Crew Gathers
The bulls, bless their hopeful hearts, ain’t givin’ up yet—they’re tryin’ to shake the rust off and push this critter higher, spurred on by some fancy news ’bout ETFs.
Word around the campfire is the SEC gave the thumbs-up for ProShares Trust’s XRP ETF to strut its stuff starting April 30. Meanwhile, over yonder in Brazil, an outfit called Hashdex hollered about launching another XRP ETF. That’s about as official as a gumption festival gets in cryptoland.
At scribbling time, XRP had crept up a modest 1.61% in the last 24 hours to settle at $2.21, peekin’ as high as $2.26—barely enough to tip your hat to.
If XRP’s gonna keep this new spark ablaze, it needs to break that SMA 50 blockade with more oomph and plenty of volume. If it pulls that off, the gate’s open wide for a trip to the $3 watering hole, and maybe those bulls won’t feel like just spittin’ in the wind.
On the flip side, if XRP can’t keep its feet moving forward and falls back below that SMA 50 fence, it might just languish in the doldrums or slide back down to $2, letting the sellers have their grim little picnic.
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2025-04-27 17:57