The $2.40 Tipping Point: Will Bitcoin Save XRP or Send it Spiraling?

Oh dear, XRP‘s price is having a little wobble, and the bears are having a field day. 📉
Will the mighty whales come to the rescue, or is it time for another dip? 🦈

Ripple (XRP) decided to try something daring this week, jumping 8%, while daily volumes soared by 40%, thanks to the whales diving in and scooping up the bargain at $2.40. A feast for those big fish! 🐋

But hold your horses! The bulls are hungry, yes, but can XRP really break that $3 barrier? Or is it just a sneaky pullback waiting to shake out all the faint-hearted investors before the real fun begins? 🎢

Stay glued to your screens – the next move could be massive. 🤯

Bitcoin Strikes Back, But Is XRP’s Support Safe?

There’s a dramatic drop in active XRP Ledger accounts, a 76% tumble from the dizzying heights when the accounts were at a whopping 109K. The weak hands are scrambling for the exit after pocketing profits from XRP’s brief flirtation with $3.40. ✋💰

Despite that, XRP’s chart is teasing us with a cheeky little rebound at the all-important $2.40 support, with whales hoovering up 60 million XRP in just one day. 🦈

This could be the early rumblings of another climb back to $3, like we’ve seen before. But beware, it’s not all smooth sailing… 🚢

The bearish pressure is lurking in the shadows. The three straight red candlesticks on the 1D chart? Yep, that’s not a good sign. The drop in active addresses? That’s just adding to the doom and gloom. 😬

In the meantime, XRP/BTC’s love affair is starting to cool off after a solid ten-day rally. 🚶‍♂️

That recent 8% jump in XRP? It looks like cash is flowing out of Bitcoin and into altcoins. Classic move when investors want to spice things up in their portfolios. 💸

But hold your breath! Bitcoin’s dominance just bounced back 1.01%, nearing 61.20%. It’s like the grand return of the king. 👑

Is XRP’s $2.40 Support on the Edge of a Cliff?

January’s whale frenzy, where over $1.5 billion worth of XRP was snapped up by wallets holding between 100M to 1B coins, seems like a distant memory. This month? A totally different story. No major whales in sight. 🦈❌

Without those giant moves, traders are scratching their heads, wondering where on earth the market is heading. 🤷‍♂️

With Bitcoin back in the limelight, the next few days will be key to figuring out whether XRP can rally once more or if investors will keep their distance. ⏳

Without the retail FOMO in sight, and with no whale love to boost it, XRP might find itself testing $2.40 again… or, worse still, plummeting beneath it. 😱

2025-02-18 22:19

Bitcoin Strikes Back, But Is XRP’s Support Safe?

Is XRP’s $2.40 Support on the Edge of a Cliff?

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