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. 🐺💸
//media.crypto.news/2025/08/Image-20-08-2025-at-10.40.jpeg”/>
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. 🕺👻
Read More
- Bitcoin at Halfway Through Halving: Gains Lag Behind Previous Cycles
- USD CLP PREDICTION
- WLD PREDICTION. WLD cryptocurrency
- Silver Rate Forecast
- Ethereum Reserves Dry Up as Whales Buy – Is a Supply Crunch on the Way?
- SOL PREDICTION. SOL cryptocurrency
- ADA PREDICTION. ADA cryptocurrency
- Hong Kong’s Crypto Boom: The Quiet Promise Behind the Hype
- Bitcoin’s $75K Drop: Trump vs. Iran Showdown
- Bybit’s Malaysian Miracle: From Watchlist Woes to Regulatory Rumba!
2025-08-20 13:24