Is This the End for XRP? How to Survive the Bear Market with a Smile! 😂

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Ah, dear reader, it appears that the unfortunate price of XRP hath plummeted beneath the most meager support of $3, aligning itself with the broader calamity currently befalling the crypto market. How curious are the ways of fortune! 🎭

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Furthermore, insights from Wall Street look favorably upon the Teucrium and ProShares-traditioned XRP ETFs, which have witnessed remarkable inflows since their debuts. XXRP boasts an impressive $400 million in assets, while UXRP follows with a meager $100 million. Why, it seems that our Ripple friend is not without its admirers!

Additionally, XRP is not bereft of other fundamental catalysts that may serve to uplift its standing in the long run. Only recently, on Monday, did Gemini unveil its inaugural XRP rewards credit card, designed to elevate everyday purchases to a new level of enjoyment. 🎉

It is noteworthy that the assets of Ripple USD (RLUSD) have surged from the rather paltry sum of zero in December last year to a veritable mountain of over $687 million today, establishing it as one of the industry’s most rapidly advancing stablecoins.

Ripple price technical analysis

Upon inspection of the daily timeframe, we observe that XRP hath formed two most promising bullish chart patterns. It now endeavors to shape a falling wedge, comprised of two descending and converging trendlines that approach their climactic meeting point-the moment of a breakout!

How tantalizingly curious, for this wedge is but a part of the grander cup-and-handle pattern. Moreover, XRP finds itself gazing proudly above the 100-day Exponential Moving Average. 🥂

Thus, whilst it is no small matter that XRP may linger a while longer within this bear market, it is believed that a resplendent uptrend shall eventually resume. The prudent speculation is that it may first ascend to the year’s high of $3.6553, a commendable 25% distance from its present state, with the ultimate target price set at a most optimistic $5.2. 🌟

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2025-08-26 20:35