Why XRP’s Soaring Back Above $3 Will Make You Laugh and Cry! 😂💰

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Key Takeaways

Well, well, well! It seems our dear friend XRP has decided to shake off the dust and strut its stuff once more, much like a rooster who just discovered its reflection in a puddle. The accumulation of XRP is rivaling the fervor of a gold rush, and it appears the holders are feeling quite bullish, bless their hearts. If the stars align, we might just see it gallop past $3.4 and into the annals of history as a new all-time high!

Now, Ripple [XRP] has managed to bounce back from the $2.7-$2.8 support zone for the second time this August, as if it were a cat with nine lives, and the market sentiment has shifted like a politician’s promises.

On the 22nd of August, our good buddy Fed Chair Jerome Powell hinted at the possibility of rate cuts, which sent the market into a tizzy, like a squirrel on a caffeine high.

The Fed Watch Tool, which sounds like something out of a spy novel, indicated a 75% chance of a rate cut in September. The Chair’s speech at Jackson Hole, Wyoming, was practically a love letter to rate cuts, and the market gobbled it up like a hungry dog at a barbecue.

The Dow Jones Industrial Average, bless its heart, gained a whopping 600 points, dragging the crypto markets along for the ride. Bitcoin [BTC] decided to rise from the depths of despair at $111.6k to a more respectable $116.3k, a 4.2% leap that would make a kangaroo jealous.

Ethereum [ETH] also joined the party, gaining a staggering 14.87% to reach $4,833 in mere hours, proving once again that the crypto world is as unpredictable as a cat on a hot tin roof.

In a post on X, crypto analyst Ali Martinez, who must have a crystal ball, noted that the TD Sequential indicator flashed a buy signal for XRP just hours before the market-wide rally. Talk about timing! It was like catching the local bottom just before the train left the station.

As of now, the altcoin has climbed back above the $3 mark, and it’s eyeing the range highs at $3.4 like a hawk on a mouse. AMBCrypto has sniffed out some signs that this rally could break out, and who are we to argue with the experts?

Accumulation gathers speed, XRP prices could follow

Now, let’s talk turkey. The exchange net position change took a nosedive into the negative in the latter half of August, rivaling the dramatic changes we saw back in February. It’s like watching a soap opera unfold, with twists and turns at every corner.

This negative position change on exchanges means that the supply held in exchange wallets is dwindling, which implies that holders are accumulating like squirrels hoarding acorns for winter. Good news for them, as it reflects the market’s expectations that XRP could soar even higher in the coming weeks and months.

In the near term, the outlook for XRP has flipped bullishly, much like a pancake on a Sunday morning, after it bested the lower high at $2.98. XRP has also climbed past the 20 and 50-period moving averages, which are still trying to catch up with the momentum reversal, bless their little hearts.

The CMF has climbed above +0.05, indicating a sizeable capital inflow to the market. If those XRP bulls can hold the $2.95 demand zone, a rally toward the $3.4 resistance is looking as likely as a cat chasing a laser pointer.

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2025-08-23 09:15