XRP: Whales Dump, Price SOARS! šŸš€

One is occasionally obliged to comment on the vulgar displays of wealth and panic that characterise these digital ā€œcurrencies.ā€ The latest involves something called XRP, apparently the third largest exhibited in this amusingly speculative menagerie. One gathers the so-called ā€˜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 dĆ©classĆ© 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 ā€œall-time high.ā€ One rather suspects they are simply hoping to be proven right. šŸ™„

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 ā€œspot Ripple fundā€. One shudders to think what logistical nightmare awaits should they ever approve such a thing. The sheer chaos! The tedium! It’s truly frightful. šŸ·

Read More

2025-09-12 08:16