Key Takeaways
Apparently, XRP is flirting with a quick rally-if it can just blast past the magic $2.825 barrier. But remember, traders are more over-leveraged than a bad magician at this point, hanging on at $2.70 down and $2.825 up. Cue the dramatic music.
Yup, XRP is testing its favorite support level of $2.70 for the third time in six weeks. It’s like that ex you keep running back to-annoyingly persistent and just enough to keep everyone on edge, because past performance doesn’t exactly spell stability, darling.
The Latest Gossip on Price & Bullish Buzz
Crypto expert Ali Martinez, who clearly has too much time on his hands, posted on X (formerly Twitter-because who doesn’t love a good rebrand?), that XRP’s outlook is looking brighter than a disco ball.
His XRP’s TD Sequential is shouting “BUY!” like a teenager at a concert. But hold onto your lattes-this bullish magic only works if XRP manages to smash through a resistance level.
At the moment, XRP is floating around at $2.80-up a modest 1.35% in the last 24 hours. Because who doesn’t love a tiny celebration? Traders are now more excited than cats at a laser pointer, with trading volume jumping 11%, proving everyone’s totally serious about this rebound.
XRP’s Rollercoaster Price Action & What to Watch
According to AMBCrypto, XRP has finally decided to stop pitching a tantrum and is reversing its downward spiral-sort of like that unresolved argument with your best friend.
Looking at the four-hour chart, XRP broke out of its descending trendline-a victory of sorts-suggesting a potential 10% leap forward. But wait, the 15- and 21-day EMAs are like that stubborn aunt who refuses to accept the party’s over, acting as resistance levels.
The big warning sign? XRP needs to leap above both EMAs and close a four-hour candle above $2.82, or it’s probably just toying with us like a kitten chasing a laser pointer. If it pulls that off, expect a 10.50% rally-probably enough to reach $3.10 and make everyone feel a little richer.
The Love-Hate Relationship with XRP
Right now, traders are going all in on the bullish side-betting big on XRP not crashing and burning. CoinGlass reveals their support levels are at $2.70 on the downside and $2.825 on the upside, with a total of $77 million in long positions and almost $20 million in shorts-because when in doubt, go ALL the way.
This shows confidence-or maybe just a lot of brave souls clutching their coffee tightly.
The only ticking time bomb? Long-term holders seem a tad jittery. About $10 million worth of XRP has been moved onto exchanges in the last 24 hours-basically the crypto equivalent of a nervous breakdown or a strategic exit before Diwali.
Meanwhile, Binance has been busy stocking up, adding a staggering 61 million XRP to its reserves in just a day-because nothing says “I’m in for the long haul” like a giant whale hoarding more tokens.
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2025-09-03 01:16