XRP’s Grim Dance: The Inevitable Fall or Just a Flicker? 🤔💸

by

Ah, XRP—once the darling of the crypto circus, now limping under the weight of its own shadows. Once again, it finds itself at the mercy of those dreaded bearish signals, as if the market’s whispering, “Time to bow out, friend.” Just hours from potentially sealing its doom with a big bearish divergence on the weekly chart—like a bad omen that keeps playing hide and seek. And yet, as the fickle gods of crypto do, it teeters on a 7% gain at $2.99. Who’s counting? Maybe the ghosts of XRP’s past, or just some traders hoping for a miracle. 🎲

Weekly Chart: Warning Signs or Just a Love Tap?

Look at this masterpiece of chaos—higher highs in price, but RSI lower than a camel’s hump. Classic bearish divergence, the kind that makes analysts sip nervously on their espresso. Remember late 2020 to mid-2021? XRP tried to dance upward, then suddenly, a 60-70% plunge. Bounce back? Sure, but the overall mood was more “doom and gloom” than a rainy Sunday. Fast forward, same setup, same ominous tune. A bounce might still poke its head out. But the long game? Looks pretty bearish unless the universe intervenes and throws a miracle my way.

Daily Chart: The Tightrope Walk

XRP’s flirting with the $2.90–$3.00 zone—a place that’s been both friend and foe. Like that clingy ex who supports you one day and rejects you the next. And now, it’s testing whether XRP can finally claim victory or just get kicked out again. Fail to break $3? Expect red candles, a red flag, and perhaps a tweet screaming “SELL!” If it breaks above, say, $3.15 or even $3.40—well, the drama continues, with hopes of a bounce and maybe a new high, or just another tease.

The Early 2025 Nostalgia

Remember that epic saga from January to April 2025? XRP played a similar tune—breaking support, bouncing a bit, then falling flat. The pattern of relief bounces with a beckoning downward trend. This current mess? It’s the same script, maybe with a few more plot twists. The big question: does XRP bounce back, or does it plunge into the abyss? All hinges on that stubborn $2.90–$3.00 zone. Reject, and we’ll see the depths. Claim, and maybe just maybe, XRP postpones its grand exit. 😏

Read More

2025-08-04 05:37