Key takeaways (because who has time for the whole story?):
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XRP’s leap to $3 has 94% of holders grinning like a cat with a laser pointer, but history says this might be the peak of their joyride. 🤑
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Onchain metrics scream “belief-denial” zone, which is basically crypto’s way of saying, “We’re in the same boat as 2017 and 2021. 🚢💥
So, XRP (XRP) has rocketed to over $3, and now 94% of its holders are sitting pretty, according to Glassnode. 🎊 As of Sunday, 93.92% of the supply was in profit, which is like winning the lottery but with more charts and fewer balloons. 🎈 The cryptocurrency has surged over 500% in the past nine months, from under $0.40 to $3.11. That’s more impressive than a space frog with a jetpack. 🐸🚀
90%+ in profit? That’s crypto’s way of saying, “Hold on to your hats.” 🎩💨
Historically, when 90%+ of holders are in profit, it’s like the universe whispering, “This is as good as it gets.” 🌌 In early 2018, XRP hit $3.30 with over 90% in profit, then proceeded to faceplant with a 95% reversal. Ouch. 😬 Then, in April 2021, the same setup led to an 85% crash from $1.95. It’s like déjà vu, but with more zeros and tears. 😢
All this profitability means traders might start cashing out faster than a marathon runner at a buffet. 🏃🍔 Could history repeat itself? Probably. But hey, that’s crypto for you-a rollercoaster with no seatbelts. 🎢
XRP’s NUPL: It’s like 2017 and 2021 had a baby, and it’s crying “top.” 👶💔
The Net Unrealized Profit/Loss (NUPL) is waving red flags like a bullfighter in a china shop. 🏁 It’s in the “belief-denial” zone, which is crypto-speak for “We’re at the peak, but no one wants to admit it.” 🏔️ In late 2017, NUPL spiked just as XRP hit $3.30, and in April 2021, it did the same at $1.95. Spoiler alert: both times ended in tears. 😭
Right now, investors are in profit but not yet in “euphoria.” But if NUPL hits greed levels, it’s like a party where everyone leaves with a hangover. 🥳🤕 Fresh inflows from institutional demand or altcoin momentum could save the day, but don’t hold your breath. 🌬️
XRP’s descending triangle: A classic bearish setup, or just a fancy shape? △
XRP is stuck in a descending triangle, which is as bearish as a bear in a bear market. 🐻 The pattern shows lower highs against support near $3.05. Earlier this month, it fake-outed below support, only to bounce back like a rubber duck in a bathtub. 🛁 If it breaks below $3.05, we could see a 23.50% drop to $2.39 by September. That’s more painful than a paper cut on a rainy day. 🌧️
Bulls need to break above the resistance to keep the party going, and some dream of $6. But let’s be real-crypto is less predictable than a Douglas Adams plot twist. 📈🤷♂️
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2025-08-17 17:06