Will XRP Reach $3? The Market’s Quiet Drama Unfolds… 😏

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Will XRP Reach $3? The Market’s Quiet Drama Unfolds… 😏

  • XRP bulls are hanging by a thread, and the squeeze metrics are doing their best impression of a red stop sign.
  • If Bitcoin ever decided to clear the supply wall—well, then maybe Ripple might just get to $3. That is, if wishes were coins.

Ripple [XRP] just took a 4% nosedive, as Bitcoin traders suddenly remembered they had other things to do around the $105k resistance. Makes you wonder, doesn’t it?

Currently, XRP’s lounging around $2.42, fighting to break past the insistent $2.72 barrier while leaning heavily on support near its 50-day EMA at $2.27, probably hoping it all just goes away.

If it can cling to that support, maybe, just maybe, a trip to $3.00 isn’t entirely a fantasy — or so the hope whispers.

But—here’s the kicker—Bitcoin [BTC] is playing it cool, which leaves the whole market feeling more jittery than a cat in a room full of rocking chairs. Still, if BTC somehow jumps over $105k, perhaps XRP and its friends might get a second wind and sprint back to the headlines.

Bitcoin squeeze tightens, leaving Ripple in limbo

High-cap altcoins are stuck in what can only be described as “chop city,” trading well below their weekly highs, as Bitcoin’s liquidity crunch turns the market into a game of musical chairs. đŸŽ¶

In the past 24 hours alone, roughly $29 million in longs got wiped out faster than a bad date — classic leverage puke, really. Zoom in on the 4-hour chart, and it’s clear: the bulls’ parade is running out of gas.

Bitcoin’s rally is now stalled near the conundrum of $105,000, its momentum fading faster than a Popsicle in July, while traders rush to lock in gains—overheated? Definitely.

Bitcoin chart showing resistance near $105k

Short sellers are stepping up, waving their red flags—fading what little euphoria remains.

Similarly, XRP isn’t escaping the heat. Short-sellers are steering the wheel, dominating the order flow and ambushing bullish attempts like thieves in the night.

Long liquidations have surged to $16.2 million, nearly 80% of XRP’s wipeouts. It’s practically a sale—if you like misery, that is.

Unless Bitcoin decisively breaks above $105k, we can expect liquidity squeezes to keep repeating like a bad joke, making XRP’s climb beyond $2.60 about as easy as pulling teeth.

BTC holds the key to XRP’s $3 play?

Recently, XRP briefly stole the show, edging out Tether [USDT] in market cap and claiming third place among crypto giants. Though short-lived, it gave bulls a little psychological boost—like a shot of caffeine for the weary.

As AMBCrypto pointed out, with BTC inching toward a local top, the rotation narrative is heating up, much to everyone’s bemusement.

Coincidentally, XRP/ETH hit a support zone, and with ETH looking more overstretched than a yoga instructor on a Monday morning, the reversal sparks flew.

The upshot? XRP’s market cap suddenly soared past $150 billion, riding a momentum wave straight out of the “maybe today” playbook. 🌊

The psychological impact? Noticeable. Binance reserves for XRP dipped from 2.906 billion to 2.89 billion—probably just traders playing leapfrog with their coins or maybe hiding them from their mother-in-law.

Binance XRP Reserve

Overall, Bitcoin’s sideways dance is setting the stage for altcoin inflows, but the real fireworks will start when BTC finally shoves past $105k. Then, no doubt, short squeezes will strike like lightning, and XRP will be right there, ready to dance on the chaos.

With on-chain demand humming along, hitting $3 XRP isn’t just wishful thinking. It’s more like patiently waiting for the market’s next tantrum—say, a Bitcoin breakout. 🎉

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2025-05-17 09:20