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XRP Hopes to Hit $2.50—But Isn’t That What Everyone Hopes?

BBG News

So XRP popped nearly 10% this past week. Yeah, big whoop—it’s at $2.28 now, as if anyone can keep track anymore. 🙄

Apparently, the whole market is jogging along a bit better, so now the usual suspects—those XRP traders and stubborn long-timers who’ve been holding since the dawn of time—are *mostly* not freaking out and dumping their coins. Imagine that.

XRP’s Price Wiggle Fueled by New Kids on the Blockchain

Turns out, a bunch of newbies showed up—3,677 new addresses created on April 28 alone. According to Glassnode, that’s like a party two weeks in the making. 🎉

When you see a spike like this, it’s supposed to mean fresh money is flowing in, which might hold the place together just long enough for that rally to not totally embarrass itself.

Meanwhile, those long-term holders who’ve held onto XRP longer than most people’s New Year’s resolutions are suddenly playing it cool—no frantic selling here. The Liveliness metric dropped to 0.81, its lowest since December 1. Translation? These folks are basically saying, “Nah, we’re good.” 🛋️

Fewer coins moving means less frantic selling, so maybe, just maybe, they believe this thing might have legs. Or they’re just tired. Either way, fewer sell-offs, so the price might keep creeping up.

The Bull Is Maybe Out of the Gate—Could $2.50 Actually Happen?

Check out the Relative Strength Index (RSI) on the daily chart—it’s at 60.10, which means folks are buying a bit more than selling. For those who don’t speak RSI: it dances between 0 and 100. Above 70 means “Whoa, pump the brakes!” and below 30 means “Hey, buy me, I’m on sale!”

So at 60.10, XRP’s playing it like a contender. If it breaks the $2.29 barrier, we might see $2.50—with fingers crossed and everything. 🤞

But—because there’s always a “but”—if the sells come back, XRP might take a nosedive to $1.99, and then we can all pretend we didn’t put too much faith in this rollercoaster in the first place.

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2025-04-28 12:10

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