So here’s the deal: XRP keeps bouncing around like it’s on a trampoline, but surprise, surprise-it’s not shooting up like everyone hoped. Instead, it’s throwing a tantrum with a ridiculous 785,700% liquidation imbalance in the last hour. Yeah, you read that right. It’s like watching a soap opera, but with more spreadsheets and less charm.
Bitcoin’s Stunt Doubles and Kisses XRP’s Comeback Goodbye
According to CoinGlass-which sounds like the name of a fancy cocktail-long traders just took a hit for $202,180 in the last 60 minutes. That’s gotta hurt, like biting into a sandwich and realizing it’s just bread. XRP did reach a peak of $2.88, then decided to ghost us like a bad date because low volume meant no one was really interested.
The bullish crowd? Yeah, they were counting their chickens before they hatched, and spoiler alert-the eggs cracked. XRP dipped again, now sitting pretty at $2.82, down 1.14% over the day. In crypto terms, that’s like a slap in the face with a soggy bagel.
Volume’s tanked 25.02% to $4.53 billion-big whoop. The technical charts are flashing more red flags than a bullfighters’ convention. XRP slipped below its seven-day EMA of $2.85, which just means traders are sweating bullets and selling faster than you can say “what now?”
Oh, and don’t forget Bitcoin. That guy just strolls in, waves his dominance around, and suddenly all the altcoins look like wallflowers. XRP’s hopes for a comeback? Yeah, Bitcoin’s killing that vibe.
Meanwhile, the shorts only lost $25.73-not exactly a life-changing amount but hey, even they’re getting squeezed in this circus.
XRP ETF Approval: The Unicorn of Crypto?
XRP’s gonna be on this rollercoaster until it finds a bottom-whenever that is. The Bollinger Bands are flashing warnings like your phone when it’s about to die, so don’t hold your breath for a breakout with volume this low.
But hey, maybe-just maybe-if the SEC stops playing hard to get and approves that much-anticipated ETF, then XRP might actually make a move worth watching. Though the SEC’s silence is louder than your uncle at a family BBQ, so don’t bet your life savings just yet.
Nate Geraci from the ETF Store insists approval is “inevitable.” Yeah, inevitable like your friends canceling plans last minute-hope springs eternal, right?
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2025-09-04 19:07