XRP: Seriously? 🙄

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Okay, so XRP. This whole thing. It’s…it’s something. They say it’s near $3, which is…fine? I guess? But apparently, it *tried* to get to $3.32, and it just…couldn’t. Like trying to parallel park in Manhattan. A disaster. Now everyone’s eyeing $2.90 like it’s Fort Knox. It’s all very stressful.

  • It’s hovering around $3, having failed spectacularly at $3.32. Big failure.
  • Apparently, some “NVT ratio” dropped 80%. What *is* an NVT ratio? Does anyone even know? I swear, they just make these things up. More activity, though. So… people are using it?
  • The SEC delay. Of *course* there’s a delay. They’re always delayed. It’s what they *do*. October? Seriously? That’s, like, a lifetime in crypto years.

Price is… Present?

So, it closed near $3. A selloff happened. A *late* selloff, naturally. It’s always a late selloff. Makes it more dramatic, I suppose. Billions of dollars changing hands. Billions! And for what? For this? I need a sandwich.

It went up a little over 1%… but it’s still down on the week. It’s like running on a treadmill. You’re putting in effort, but you’re going nowhere. The range is $2.95 to $3.10. Thrilling! And it’s 18% below its peak from *July*. July! That’s ages ago in crypto time.

This “BitGuru” guy – I’ve never heard of him, so, automatically skeptical – says it’s been going down since it choked at $3.32. A “clear downtrend.” Groundbreaking analysis. And now it’s flirting with $3.00. Flirting! It’s like watching a bad date.

“XRP fell down, then sat near $3. Maybe it goes up? Maybe it goes down? This is my professional opinion.”

– BitGuru (@bitgu_ru) August 19, 2025

If it holds $3.00, maybe it goes to $3.20. Which, again, isn’t particularly exciting. If it breaks $3.00… buckle up for $2.90. Then maybe even $2.70? $2.80? It’s a slippery slope, people. A slippery slope.

They’re… Using It?

Apparently, despite the price being kind of a mess, people are actually *using* the XRP Ledger. The NVT ratio went down, which means more activity. I still don’t understand the NVT ratio, but apparently, it’s good. They say. Who are “they”? 🤷‍♀️

More on-chain activity. Fine. Good. As long as it doesn’t involve me personally having to understand any of it.

The SEC: Eternal Delay

And the SEC? They’re postponing the ETF decision. Delayed to *October*. Octooober! What are they doing over there? Are they reviewing the filing? Or are they just playing solitaire? I suspect it’s solitaire. Also, they postponed decisions on Bitwise, Canary, and Grayscale. Because, of course they did. It’s just… predictable. Entirely predictable. 🤦‍♂️

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2025-08-19 13:33