If you enjoy watching numbers go down, you’re in for a treat! It seems most coins woke up this morning, peered outside, noticed bearish weather, and thought, “No, I’ll stay in bed today.” Our fine source, CoinStats, has confirmed it: the bears are running this show and the bulls are presumably off sipping lattes somewhere.
XRP/USD
XRP, never one to pass up a good plunge, has heroically lost 2.42% in a single day. One has to admire that level of commitment, really.
If you look at the hourly chart (go ahead, pretend you know what those squiggly lines mean), XRP is doing its best impression of my willpower around chocolate—breaking support levels at $2.1318 faster than I break diets. If today’s price bar closes somewhere far, far away from that support? Well, get your helmets on—correction is probably rolling downhill to the $2.10 neighborhood. Doors to panic will be on your left.
Bigger timeframes? I wouldn’t say there’s hope unless you count “not entirely catastrophic” as hope. There aren’t any obvious signs that things will suddenly turn around, unless someone accidentally sits on the “bull run” button.
If we close below where we are now, apparently that releases some kind of “accumulated energy,” which could unleash a dramatic retest of the thrilling $2 level. It’s the kind of excitement usually reserved for watching grass grow or checking if your phone charger fits in upside-down.
For those with a middle-distance stare and a love of uncertainty, please note: it’s still way too soon to make any bold predictions about XRP’s distant future (like, say, next week). But if the bulls don’t make a comeback in the $2.10 region, don’t be shocked if we find ourselves down in the $1.90–$2 territory, huddled together for warmth and nostalgia.
In conclusion, XRP is proudly trading at $2.1280 as I type this, but you know how that goes. By the time you’re reading, it could be anywhere: $2.12, $2, or perhaps curled up under a blanket, weeping softly. 📉🚀😂
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2025-05-05 19:14