The Wild Journey of XRP: Will it Survive the Dreaded $2 Drop? 🤔💸

Oh, gather ‘round, dear friends, for the tale of XRP is about to unfold! From the enchanting days of October 2024 to the dull thumps of January 2025, our plucky little cryptocurrency put on quite a show! With a dazzling leap of 600%, it charmed investors who fancied it would shine brighter under a pro-crypto presidency! 🎩✨

And what happened next, you ask? Oh, something magical! The average daily active addresses skyrocketed by a whopping 490%! Yes, indeed, XRP reached a splendid 7-year high, making waves and turning heads!

But alas, dear readers, fast forward to the current dull days, and what do we see? A slippery slope! Speculative interest in XRP seems to be sliding down a muddy hill – all while investors clutch their pearls, moaning about losses instead of gains! Oh dear! 😩

“Retail confidence in XRP may be taking a little holiday!”

Heavens above! Since patiently waiting for the lows of 2022, both Bitcoin and XRP have danced their way up by 500% to 600%! But hold your horses! Most of XRP’s glory came from a dramatic price leap, like a frog jumping into the pond with gusto!

This jubilant rush had investors’ pockets jangling, pushing XRP’s cap from $30.1 billion to an eye-popping $64.2 billion! Talk about a magic trick! 🎩✨ Newcomers grabbed a hefty 62.8% of the pie, but since late February 2025, the glittering inflows have decided to take a snooze. 😴

What’s the big fuss, you might be wondering? Our dear investors are locking in fewer profits and staring at a much higher heap of losses! The realized loss/profit ratio has stumbled down faster than a toddler on a sugar rush! Glassnode analysts chimed in with a prediction,

“With retail folks leading the charge, the slip in confidence for XRP is as clear as day! This might even stretch out to the entire market!”

Oh dear, it seems the whales are hedging their bets too! Big fish appear to be swimming away from XRP, trimming their positions like they’re getting ready for a mermaid’s gala. Over the last fortnight, they have offloaded over $1 billion at a casual price of $2.10. 💔

Can our dear XRP hold onto the treasured $2 support?

With a heroic effort, XRP has clung to the $2 support more times than one can count! But oh dear, with every retest, the chances of it sliding down into the abyss grow like a baleful shadow! 😱

Yet, if you peep closely at the 1-hour and 4-hour charts, a glimmer of hope shines through—a bullish divergence! It’s like spotting a unicorn in the woods! A flicker of faith suggests that XRP might just bounce back into the fair value range of $2.08 to $2.13! How riveting!

Although on the larger charts, the prospects appear murky, with whispers of an inverse head-and-shoulders forming, pointing towards a potential cliff near $1.07. Yikes! But never fear! There’s a chance our brave altcoin might find refuge with the 200-day moving average, resting comfortably somewhere between $1.70 and $1.80! It has, however, been a while since it’s had a proper look around that neck of the woods… since November 5, 2024, in fact!

2025-04-04 03:51

“Retail confidence in XRP may be taking a little holiday!”

Can our dear XRP hold onto the treasured $2 support?

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