Key takeaways:
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XRP is tiptoeing towards the end of August with a frown, hinting that September might bring more tears than cheers in the crypto saloon. 🍸
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If it drops below $2.80, expect a stampede of sellers, possibly sending XRP tumbling 25% faster than you can say “Bear Market”. 🐻
So, XRP has had a month more depressing than a homburg at a stiff-up-and-down; down over 22%, kissing a peek at $3.66 goodbye, leaving August looking like a bad hat at a garden party.
Is the slide going to carry on into September? Well, that’s a mystery wrapped in an enigma, sprinkled with a dash of daring doom.
Onchain data throws a tantrum and warns XRP’s about to take a dive
Turns out XRP’s at a bit of a crossroads near $2.80, according to the brainiacs at Glassnode and their fancy heatmaps.
The lion’s share of XRP-about 1.71 billion-were snapped up between $2.81 and $2.82. Currently, it’s trading just above that at a modest $2.88, as if pretending it’s not in trouble.
Beneath this support line, the fans of profit might start to sniff trouble, as gains could evaporate faster than a magician’s rabbit. 🐇✨
The next stop in gloomy September might be around $1.73, a nice round number that once served as XRP’s floor and might do so again-if things go south.
MACD signals a possible 25% nosedive – time to grab the popcorn
Meanwhile, the technical wizards have their eyes on the MACD-think of it as XRP’s mood ring-and it’s hinting at trouble ahead.
When that blue line slithers below the orange, it’s often a sign that XRP might be about to take a tumble, much like a soufflé collapsing at the slightest whiff of regret.
If history teaches us anything, similar scares in the past have led to drops of 50-60%, leaving investors clutching their pearls.
Back in May 2021, September 2021, and March 2025, the same warning lights flashed before XRP took a nosedive, testing the 50-week EMA at around $2.17, down about 25%.
Should this pattern repeat, we might see XRP sliding to the $2.17 mark, and if that breaks, the bottom could fall out all the way to $1.19-the sort of price that would make even the most hardened hodler choke on their tea. ☕️
At that level, XRP would be nose-to-nose with the average cost of current holders, and more than 90% would still be in profit-until they weren’t. A fall from grace, quick as a wink.
Luckily, since July 2024, XRP’s been clutching the 50-week EMA like a terrier on a pork chop-holding tight, then bouncing back to reach new heights, tantalizingly close to those multiyear records. 📈
In fact, many a wise head predicts that this time around, XRP might just charm its way back to at least $4 before the curtain falls. So hang tight, or don’t-crash or cash, the crypto’s got its quirks! 😉
Just a friendly reminder: this is all just jazz-no legal or financial advice, just a bit of fun with numbers and dreams. And the views here? All the author’s own, not those of CryptoMoon. Cheers! 🍻
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2025-08-29 15:13