Alright, alright, settle down! So, XRP started November like a shlemiel – a total disaster! Down 3% in 24 hours? And 19.1% in 30 days? Oy gevalt! It’s a downward spiral, folks, a genuine tsuris for your portfolio.
The whole thing smells fishy, very weak. Unless some brave souls start buying, this could get uglier than a borscht stain on a white tablecloth!
A Bearish Secret… Shhh! 🤫
So, listen closely. Between October 13th and November 2nd, the price went down but the RSI-that thingy that measures if people are buying or selling-went up! It’s a hidden bearish divergence, see? Like a magician’s trick, it means the price is gonna keep falling. A sneaky, rotten trick!
Basically, it looks like there’s excitement, but the sellers are still running the show. The only way to fix this mess? A close above $2.64. Otherwise, fuhgeddaboudit!
Until then, merschmeia! The market’s got it in for XRP, I tell ya!
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Everybody Wants a Piece… To Sell! 🤑
The on-chain data? Don’t ask! The NUPL (Net Unrealized Profit/Loss) is at 0.428, almost the same as on October 20th when XRP nose-dived from $2.50 to $2.36. A 5.6% correction! A disaster, a catastrophe, a…
See, when people are making money, they want to cash out! It’s human nature, you understand? Like a flock of pigeons descending on a bagel.
And that’s exactly what’s happening. The HODL Waves? Don’t even get me started. Folks who bought XRP 1 day to 1 week ago? They’ve dumped almost 50% of their holdings! 50%! They’re jumpin’ ship faster than rats on a… well, never mind. 😒
These short-term traders? They’re like vultures, picking at the remains!
Watch These Numbers…If You Dare! 😬
So, the $2.31 support level is about to crack, I’m tellin’ ya. If it goes, we’re lookin’ at $2.18. Just 4.91% away! It’s a disaster waiting to happen, a real schlep.
But! But! If we hold above $2.31, maybe, just maybe, we can test $2.64 again. That would be a miracle! A genuine miracle that could turn the whole thing around.
Then the buyers would be in charge, and RSI would be happy… a truly beautiful sight!
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2025-11-03 12:22