XRP’s Descent: A Tragic Tale of $2.01 and the Looming $1.80 Abyss 🚀💸

by

Dear reader, gather close and weep for the once-proud XRP, now a spectral shadow of its former self! Weeks of listless drifting have given way to a slow, agonizing bleed across both USDT and BTC pairs. Bullish hopes? Crushed. Momentum? A forgotten myth. The price clings to life below its merciless moving averages, each feeble rally swatted down like a fly in a storm. A comedy of errors, if only it weren’t so tragic. 🐻💸

Technical Analysis

By Shayan, the bard of bear markets

The USDT Pair

Behold the daily chart: XRP’s descent is a prison of descending parallels, a cage forged since August’s ill-fated rally. The 100-day and 200-day MAs loom above like vengeful gods at $2.60, raining down scorn. A recent flirtation with $2.40? Rejected, with prejudice. The price now hovers near $2.01-a figure as symbolic as it is arbitrary-as whispers of $1.80 grow louder. Should it collapse further, $1.50 and the cursed $1.20 chasm await. The RSI, a weary traveler, hovers near 40, offering no solace-only a shrug. 🤷♂️📉

The BTC Pair

Once a proud stallion, XRPBTC now limps. The collapse below 2,400 sats was a cataclysmic betrayal, leaving it stranded at 2,230 sats-a ghost of its former ascending channel. The 100-day and 200-day MAs, now jagged peaks of resistance, have mocked every rally. Higher lows? A relic. The next support? A grim 2,000 sats. The chart, dear reader, is a canvas of despair-a slow bleed with all the excitement of watching paint dry. 🖌️💀

And so, the bears sharpen their claws while the bulls nap. May the moon find you… well, not here. 💤

Read More

2025-12-11 20:59