XRP has descended beneath the $3 threshold, a psychological milestone as elusive as a butterfly in a hurricane, after the leviathans of the crypto seas offloaded nearly half a billion tokens, leaving traders to ponder if the market is bracing for a deeper correction-or a full-blown existential crisis. 🐺💸
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XRP has consistently traded below its short- and mid-term averages, such as the 10-, 20-, and 50-day SMAs and EMAs, indicating sustained selling pressure. In the longer term, there are indications of support, as the 100- and 200-day moving averages are still in “buy” territory. This suggests that the overall upward trend will continue as long as XRP stays above key long-term support levels. Or until the universe decides to reboot. 🌌
In a bearish scenario, XRP might retest the lower limit of its seven-day range at $2.86. If it continues to decline, the next support level might be around $2.70. On the other hand, bulls would have to recover the $3.00-$3.10 range to gain traction and try to push toward $3.30 once more. A dance of hope and despair, performed by ghosts in a warehouse. 🕺👻
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2025-08-20 13:24