Is XRP About to Take a 20% Dive? You Won’t Believe What Happened Next! 😱

So, here we are on March 8, and guess what? XRP (yes, that one) is feeling the heat! It’s like a bad breakup, and analysts are saying it might just drop another 20%. Grab your popcorn, folks! 🍿

XRP price chart hints at 20% drop ahead

Look at this! XRP/USD is doing the cha-cha in a symmetrical triangle on its weekly chart. It’s like a dance-off between buyers and sellers, and let’s be real, neither side is winning. 💃🕺

And here’s the kicker: symmetrical triangles aren’t always the golden ticket to the moon. Sometimes they just mean everyone’s confused and waiting for someone to make a move. Spoiler alert: it usually ends in tears. 😢

Remember Ethereum’s 2018 triangle breakdown? Yeah, that was an 80% drop. Ouch!

So, if we apply some good ol’ technical analysis, XRP might just be heading down to around $1.46. That’s like finding out your favorite show got canceled. 😩

Trump embraces Bitcoin, not XRP

And then there’s the White House’s Crypto Summit on March 7. XRP’s price took a nosedive faster than you can say “not my crypto.” Turns out, Trump’s team was just throwing names around like confetti. 🎉

They mentioned Ethereum, Solana, Cardano, and XRP, but it was all just for show. Like when you invite someone to a party but don’t really want them to come.

@DavidSacks, why are you walking back XRP’s mention in Trump’s crypto reserve plan like it was an afterthought?

Almost like you were prompted to do so.

The jig is up everyone knows what XRP is and why it’s still being suppressed while every other SEC lawsuit gets dropped. Why…

— Jason Higgins 🇺🇸 (@JasonTrading589) March 7, 2025

Oh, and did I mention there’s zero evidence the US government even holds XRP? Talk about a bad blind date! This little revelation sent XRP tumbling down by 10%.

Meanwhile, Bitcoin is getting all the love from Trump, with the US holding a whopping $17.7 billion in BTC. Must be nice!

And the XRP/BTC pair? It’s just hanging out above the 200-2W EMA, but if it drops below, we might as well start planning a funeral for XRP.

Breaking below that EMA could send XRP/BTC down to 1,700 satoshis. Yikes! That’s like losing your wallet in a crowded bar.

XRP volume explosion mirrors 2021 bear market

Now, let’s talk about XRP’s trading volumes. They’ve surged to record levels, and analyst Martunn is waving a red flag, saying we’re in a distribution phase. It’s like watching a game of hot potato, and no one wants to be left holding XRP. 🥔

This volume spike follows a 600% rise from November 2024 to January 2025. Classic setup for a distribution phase, folks!

Remember 2021? Yeah, that volume explosion led to a prolonged downtrend. If history repeats itself, XRP might just be in for a rough ride.

And let’s not forget about the whales. Their balance has dropped

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2025-03-08 16:15