XRP: Whales Dump, Price SOARS! 🚀

One is occasionally obliged to comment on the vulgar displays of wealth and panic that characterise these digital “currencies.” The latest involves something called XRP, apparently the third largest exhibited in this amusingly speculative menagerie. One gathers the so-called ‘whales’ – individuals with far too much money and regrettably few social graces – have been busy divesting themselves of some 40 million units, which, if one’s addition serves, equates to a rather uncouth $120 million.

Whales sold 40 million $XRP in the last 24 hours!
– Ali (@ali_charts) September 12, 2025

Naturally, the doom-mongers predicted a ghastly collapse, a domino effect amongst the smaller fry (one presumes they exist). But how terribly déclassé of XRP to actually increase in value! Instead of slumping below the critically important $3 mark – which, let’s be honest, seemed about as firm as a blancmange – it positively bounced to nearly $3.10. One hasn’t seen such defiance since Lady Bracknell refused to accept a cucumber sandwich. The price now sits at a comparatively robust $3.05, up 1.5% daily and a rather ambitious 9% weekly. The market capitalisation is, as they say, ‘over $180 billion,’ which is simply monstrous.

Naturally, the analysts – those modern-day oracles – are now predicting even greater riches. Targets of $4 and even a shocking $5 are being bandied about, threatening a new “all-time high.” One rather suspects they are simply hoping to be proven right. 🙄

However, the American regulatory authorities (the SEC, a body clearly determined to ruin all possible fun) continue to throw spanners into the works with yet another delay regarding a supposed “spot Ripple fund”. One shudders to think what logistical nightmare awaits should they ever approve such a thing. The sheer chaos! The tedium! It’s truly frightful. 🍷

2025-09-12 08:16

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