XRP’s Crash: Saved by a Miracle or Doomed? 😱

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Key takeaways:

  • Ah, what a glorious third-place finish in the liquidation derby on Binance this year—XRP‘s longs got wiped out with all the finesse of a clown tripping over his own feet! 😂

  • Yet, in this absurd comedy, the higher time frame trend still pretends to be bullish, with bulls clutching desperately to the $2.95–$3.00 support like it’s the last slice of pie at a feast. 🥧

XRP, that whimsical jester of cryptocurrencies, hit a lofty peak above $3.45 last week, only to plummet nearly 10% in a few days—its steepest pratfall since April 6, when it last face-planted so spectacularly. Oh, the irony of ambition! 😏

The retreat was so hasty that open interest dived from $10.94 billion to $9.10 billion—a 16.8% nosedive that sent leveraged traders scurrying like cockroaches when the lights flip on. How charmingly predictable! 🐜

XRP’s Liquidation Circus: Whales and Woes Galore

This downturn was spiced up by bearish whales, including one linked to Ripple‘s Chris Larsen, who apparently decided to dump millions of XRP onto exchanges faster than a gambler cashing out before the house collapses. Since July 15, outflows have been a riot, with 42 million XRP vanishing on Thursday alone—though still shy of last Friday’s 84 million extravaganza. And lo, the third-largest liquidation on Binance this year struck, vaporizing $86 million in a blink. What a show! 🎪

Amid the chaos, some whales are hoarding like misers, with 2,743 wallets now cradling over a million XRP each—totaling 47.32 billion tokens. But hold your laughter: CryptoQuant whispers that the 90-day whale flow has turned sour, hinting big players might be selling off. Remember how it flipped positive in May and sparked a rally? Well, now it’s a red flag waving mockingly, perhaps signaling XRP’s peak folly. 😈

Can XRP’s Bulls Hold the Fort or Is It All a Farce?

Despite the rollercoaster antics, XRP’s grand market structure clings to its bullish facade, with last week’s high still shining like a fool’s gold. On the four-hour chart, eyes are glued to the $3 mark, where $2.95 got swept up in Thursday’s dip like an unwanted guest at a party. Break above $3.25, and voilà—bulls might declare victory, cementing $2.95 as the comedic low point. But if the sellers keep charging, XRP could slump toward $2.66–$2.86, with $2.64 lurking as a former resistance now begging to be support. Truly, the bulls reign supreme unless prices shatter $3.00 and $2.64 in quick succession, turning this farce into a full-blown tragedy. 🎭

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2025-07-25 20:51