XRP Plunges: Bears Feast, Bulls Weep, and the Ledger Whispers Doom 😱

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In the grim theater of financial folly, where numbers dance like shadows on the wall of a prison cell, behold the saga of XRP:

  • A descending triangle-a geometric harbinger of despair-threatens to drag XRP into the abyss, a 25% plunge to $1.55. 🪨⬇️

  • The weekly RSI, that fickle oracle, diverges like a traitor, whispering of weakening momentum. 📉💨

  • Daily active addresses, once a bustling marketplace, now lie dormant, a ghost town of forgotten dreams. 🏜️👻

In the span of a week, XRP has shed 11% of its value, a slow bleed that portends a deeper correction to $1.55. The air is thick with the scent of panic, and the ledger, that silent witness, records the march of folly.

The Descending Triangle: A Guillotine for Hopes

Since October, when XRP fell below the $3 threshold-a psychological Rubicon-its chart has etched a descending triangle, a pattern as ominous as the shadow of a gallows. Flat support, sloping resistance-a cage from which there is no escape. On Monday, the price broke below $2.20, sealing its fate. The triangle’s measured target: $1.55. A 25% drop, a fall as inevitable as the turning of the earth. 🌍⏳

The bulls, once proud, now cling to $2 like a man to a sinking ship. Should it break, the fall will be swift, a descent into the abyss. And yet, they fight, their roars drowned out by the laughter of the bears. 🐂🆘

Glassnode’s heatmap reveals a cluster of supply between $2.38 and $2.40, a fortress of resistance guarded by the 100-day SMA. Here, 3.23 billion XRP lie in wait, a wall as impenetrable as the Berlin Wall in its heyday. 🧱🚫

The RSI’s Treachery

Behold the bearish divergence, a betrayal written in the stars. As XRP’s price rose from November 2024 to July 2025, the weekly RSI slunk downward, from 92 to 68. A rising tide, yet the waters recede. Now, the RSI stands at 39, a grim reminder that the bears hold the reins. 🐻⚔️

The 50-week SMA looms at $2.32, a ceiling as unyielding as the iron curtain. Overhead pressure mounts, a vise tightening around XRP’s neck. 🛑🔒

The Ledger’s Silent Lament

The XRP Ledger, once a hive of activity, now echoes with silence. Daily active addresses have plummeted from 577,000 in June to a mere 44,000. New addresses, too, have dwindled, from 13,500 to 4,000. The network, once vibrant, now lies dormant, a testament to waning faith. 🕊️💤

History whispers its warning: declining activity precedes stagnation, a price drop as certain as the dawn. Liquidity dries up, buying momentum fades, and the ledger records the slow death of hope. 📉💀

In this grim tableau, XRP stands at the precipice, a cautionary tale of hubris and folly. The bears feast, the bulls weep, and the ledger whispers doom. What remains is but a question: will XRP rise again, or will it be consigned to the dustbin of financial history? Only time, that implacable judge, will tell. ⌛❓

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2025-11-20 02:05