If you thought XRP’s legal scuffle with the SEC would end in a ticker-tape parade and blockchain confetti, you’re in luck-provided your idea of celebration involves existential dread and edge-of-your-seat chart watching. With Uncle Sam momentarily distracted, institutional investors swarmed like tourists at a free cheese convention, and rumors of an XRP ETF started breeding in dark corners of analyst spreadsheets.
Let’s pause for a moment of academic awe: Daily trading volumes shot up 208% to a dizzying $12.4 billion. Analysts threw their calculators in the air and declared a 95% chance of ETF approval by October 2025. Or as they say in finance, “almost certainly, unless it’s Tuesday or Jerome Powell wakes up cranky.” 📈💥
Unfortunately, financial euphoria has a well-documented half-life. In the 24 hours ending August 12, XRP slipped by a tragic 4%, drifting like an unchaperoned toddler from $3.19 to $3.13-despite a brave, fleeting charge up to $3.32. Don’t blink, you’ll miss the optimism. 🥲
At precisely 19:00, someone tried to sell everything that wasn’t nailed down, unloading 73.87 million in volume. Insiders call this “profit taking.” Outsiders call it “mild panic.” Support bravely ducked for cover at $3.12, while resistance squatted stubbornly at $3.27-$3.32, elbowing anyone who tried to get past. 🥊
Bearish Fractal Signals Potential 45% Drop (Otherwise Known as a Tuesday)
Technical analysts-famed for their ability to see danger in Rorschach charts-spotted a bearish divergence on XRP’s two-week chart. Price was scaling ever-higher Mount Gratitude while RSI huffed and puffed in the valley, printing lower highs. This is eerily similar to the 2017-2018 apocalypse, when markets played a multi-month game of “How Low Can You Go?” Spoiler: Very low.
If history repeats and your déjà vu disorder activates, XRP might tumble down toward its 50-period moving average near $1.64. That’s about 45% below current prices, or enough of a drop to make whales reconsider their gym memberships. Meanwhile, $1.90-$2.00 might produce a contrarian fan club, but the fractal says they’re probably just rearranging deck chairs. 🛳️🧊
This correction isn’t the end of all things. Think of it more as a market spa retreat-shake out overleveraged traders, refresh collective nerves, and maybe return with less caffeine dependency and a healthier trend line.
Can Bulls Miraculously Upset the XRP Bear Parade?
Bulls, ever the optimists, see something different in the tea leaves. XRP is currently headbutting the $3.55 resistance, the exact spot where the 2018 cheer squad gave up, and-it gets better-has apparently broken out of a multi-year symmetrical triangle. For those not into geometry, that’s basically the market equivalent of escaping Ikea with your dignity intact.
If somehow XRP stomps $3.55 into history and does so with enough volume to impress a stadium, $4.41 and $5.68 come into view. Add in a regulator with a fleeting sense of adventure and whales ready to accumulate faster than lost luggage at Heathrow, and you’ve got yourself a plot twist. 🚀🤑
Of course, even with Ripple touting CBDC partnerships and hoping asset tokenization will matter to anyone besides their own PR department, you’ve got macroeconomic uncertainty swooping around, whales occasionally panic-selling, and technical resistance giving its best traffic cop impersonation. XRP stands at the crossroads, nervously checking both ways in case of oncoming fractals.
Cover image from ChatGPT, XRPUSD chart from Tradingview. No bulls or bears were harmed in the making of this analysis.
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2025-08-13 03:07