🚀 XRP: Will It Bounce or Go Splat? 🪙

by

Ah, the mighty XRP, dancing on the edge of financial precipices like a clown on a unicycle. After a weekend of frolicking above the $3 mark, it decided to take a nosedive back to $2.95 on Monday. 🌧️ Why? Because, as we all know, the crypto gods have a wicked sense of humor and a penchant for drama. Selling pressure, they call it. I call it a Monday. 😒

The Great Maybe

Entering 2025, XRP had a moment of glory, hitting the $3.5-$4 range. But then, the whales started dumping tokens like they were last season’s fashion. 🛍️ CryptoQuant says it’s profit-taking. I say it’s a fire sale. Now, XRP is consolidating below $3, and the downside risks are as obvious as a troll at a tea party. ☕ If the selling pressure keeps up, we might see $2.8. But hey, if it claws its way back to $3, maybe – just maybe – it’ll start another bullish romp. The resistance at $4.2-$4.5 is the dragon it needs to slay. 🐉

Structurally, XRP is stronger than a dwarf with a grudge, maintaining a long-term uptrend. So, while the short-term looks as shaky as a wizard’s handshake, the broader picture says $5 or higher by the end of 2025. 🧙♂️✨ But let’s not get ahead of ourselves – Elliott Wave forecasts are about as reliable as a weather prediction in Ankh-Morpork. ☔

The $2.95 Tightrope

Avi Harkishun, the Elliott Wave guru, says XRP’s fate hangs on $2.95. Hold it, and we’re off to $4.00-$4.40. Break it, and we’re in for a WXY double correction pattern, retracing to $2.40. 🌀 It’s like a game of “Will the buyers step up, or will the sellers push it off a cliff?” 🦅 Meanwhile, Ali Martinez is chirping that XRP will be back at $3.70 before you can say “pump and dump.” 🐦

So, there you have it. XRP: the crypto that keeps us guessing. Will it bounce or go splat? Only the whales know for sure. And they’re not telling. 🌊🤐

Read More

2025-08-26 06:31