So, XRP dipped below $3, did it? 😩 Honestly, you’d think the world was ending, wouldn’t you? The crypto Twitterati are probably having a collective meltdown. But here’s a curious thing: while the price did a bit of a tumble, the XRP network itself is buzzing like a caffeinated bee. Over half a *billion* XRP – 500 million, to be precise – got shuffled around in the last 24 hours. Apparently, the big players, the ‘whales’ as they’re dramatically called, and various institutions aren’t quite hitting the panic button. Peculiar, isn’t it?
XRP plunges
After a rather exuberant little sprint in July – going from a sensible $2.30 all the way up to a slightly dizzying $3.60 – XRP has decided a ‘correction’ is in order. A correction! As if needing a lie-down with a cool compress. As of right now, it’s hovering around $2.93. Still not terrible, really, and well above the “important support zones” (whatever those are). But yes, it’s sadly below that psychologically important $3 mark. We all have our prices, don’t we?
The 26-day EMA (don’t ask, honestly, my head starts to spin) is hanging about nearby, potentially acting as a sort of speed bump before things get *really* interesting. And despite the price wobble, the amount of XRP moving around on the network is still surprisingly robust, even compared to, you know, normal times. It’s almost as if people are still using it…imagine that! 🤯
No longer overbought
That 573 million XRP moving in a day? That’s activity, folks. It suggests someone, somewhere, still believes. The RSI (Relative Strength Index – another one for the headache file) has calmed down too, escaping “overbought territory” and settling around 47. Which, according to people who understand these things, means the selling might be slowing down. Good news, potentially.
Plus, the selling hasn’t been done with a particularly frantic energy. It’s more of a polite decline, unlike the manic climbing we saw in July. This hints at consolidation – a bit of a rest, perhaps – rather than a complete and utter collapse. So, don’t go selling your yacht just yet. The technical bits and bobs, and the network activity, suggest a pause, not a catastrophe. If XRP can just stay above those pesky EMAs and those whales decide to splash about again, we might see another go at $3 sooner than expected. Wouldn’t that be something? 🤷♀️
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2025-08-01 14:16