XRP Faces the Daunting $3 Resistance
Ah, the Bollinger Bands, those fickle friends of the market! They suggest that XRP’s dreams of soaring to $3 are but a mirage in the desert of financial aspirations. 🌵
- Point Break. Like a stubborn mule, XRP has repeatedly failed to breach the $3 barrier, which stands as a formidable ceiling, laughing in the face of its attempts.
In recent weeks, XRP has danced around this price range, each time reaching for the elusive $3, only to be met with a wall of resistance. The midline, now hovering around $3.09, has become the arbiter of its fate-will it rise like a phoenix or remain shackled beneath the weight of its own expectations?
- Price Setup. Should the $3 level continue to reject any upward advances, the specter of a descent toward $2.60 or even the dreaded $2.00 looms ominously.
Thus far, XRP has not managed to close above this line on a daily chart. The broader setup echoes this sentiment. Earlier this summer, XRP’s rally stretched the bands to their widest in years, only to be pulled back into the middle zone like a child caught with their hand in the cookie jar.
The mid-band rests around $2.61, and the recent fluctuations are merely a struggle to cling to the upper half of the range. If $3 continues to play hard to get, the path to the lower side-$2.60 and perhaps even deeper into the abyss of $2.00-remains tantalizingly open. “It’s a trap!” 🎣
Cardano‘s Lace Wallet to Embrace XRP
In a twist of fate, Hoskinson has proclaimed that Cardano’s Lace wallet will extend its warm embrace to the XRP token by the year’s end. How delightful! 🎉
- XRP to Cardano. Hoskinson has confirmed that the Lace wallet will indeed support XRP by the end of 2025. Yes, you heard that right-2025!
During his latest ask-me-anything (AMA) session on YouTube, the illustrious co-founder of Cardano, Charles Hoskinson, revealed that he had a “great” tête-à-tête with Ripple CEO Brad Garlinghouse regarding the integration of the XRP token. “In fact, I had a conversation with Brad about XRP, and it’d be a lot of fun,” he mused, perhaps with a twinkle in his eye.
As reported by U.Today, Hoskinson initially confirmed that the wallet would continue its multi-chain journey with XRP back in June, after Lace had already enabled support for Bitcoin. Moreover, he later teased a deeper integration of the token into the Cardano ecosystem, leaving us all on the edge of our seats. 🍿
Shiba Inu Forms an Hourly Golden Cross
Ah, a bullish sign has graced us on this fine Sunday! 🐶
- Golden Cross Alert. SHIB’s hourly chart has flashed a bullish golden cross, as the short-term moving average gallantly crossed above the long-term moving average.
Shiba Inu has recently conjured a golden cross signal (a phenomenon that occurs when the short-term moving average crosses above the long-term) on its hourly chart. This delightful occurrence comes as Shiba Inu experienced a surge of buying pressure on Friday, as the markets pondered the possibility of a rate cut at the upcoming Fed meeting in September, following Fed Chair Jerome Powell’s dovish musings at the annual Jackson Hole symposium in Wyoming.
Shiba Inu soared to $0.0000135, a price not seen since mid-August, as buyers eagerly scooped up the dip amid renewed Fed optimism. However, the markets soon saw a wave of profit-taking, leading Shiba Inu into its second day of decline since August 22. Oh, the irony! 😂
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2025-08-25 22:37