When Dreams Meet Dollars: XRP’s Despair and Delirium Await Near $4?

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In the small, godforsaken theatre of finance, a pale cryptocurrency named Ripple (XRP) stands at center stage, wearing a sheepish grin. The audience—chronic gamblers, lonely traders, and one old woman knitting—watches with bated breath. Volatility, that poorly behaved child, has not let go of XRP, but even after last weekend’s mess, the old actor seems eager to make a surprise return, promising a high note, perhaps even a record.

Right now, XRP’s price is $2.18. It limps forward, chalking up a recovery of 1.3%—modest, but in the crypto circus, we must throw roses for the smallest pirouette. The tricky thing ”?

XRP’s $4 Target: Or, How to Lose Sleep

After an exuberant December 2024—when bulls charged with the grace of bureaucrats on payday—XRP’s daily chart now forms a descending channel. It’s a tunnel, not too different from the one under old Ivan’s barn, smelling faintly of regret. At its coldest, XRP scraped $1.79, only to bounce up, dust itself off, and prance toward the upper channel line like a rooster convinced it’s the sunrise.

This comeback represents a 20% price surge, which is rather like a pigeon becoming a peacock for five minutes during mating season.

Yet now, dear reader, XRP hovers below the looming trendline. The party has stalled; the guests are nibbling stale breadsticks. The RSI—supposed measure of market vigor—drops, as if tired of pretending anyone knows what’s next.

The crowd still hopes: if only XRP can conquer $2.35, confetti will fall from the ceiling (Supertrend’s prediction). And should the coin leap past the 50% Fibonacci level ($3.18) or, heavens, the 78.6% mark ($3.98), somewhere a mathematician will sigh, and XRP holders will dance awkwardly in their kitchens.

The prophecies whisper dreams of $4, but on the shadowy side, $2.00 stands watch, an old sentinel muttering, “It could be worse.” And then, there’s $1.79—always there, hissing, “Don’t get too comfortable.”

Longs Hold On: Because Letting Go is Hard

XRP, this indecisive creature, stands at the crossroads. Derivatives traders, those eternal optimists (it’s in the job description), are stuffing their pockets with long positions, hoping for the sunrise. For eight hours straight, over half have resisted the urge to sell and run off into the night, clutching their half-empty wallets and dignity.

As it stands, long positions claim 51.44%—something, somewhere, is longer than it is short. The ratio whispers of hope, with bullish traders poised to declare victory if (big “if”) a breakout arrives. In the words of my great uncle Dmitri, “Hope is free, but don’t bet the goat.”

Will XRP’s ETF Bring Riches, or More Consultants?

The crowd, never satisfied, now clamors for an XRP ETF—futures, spots, moon tickets! Approval looms, or so rumor would have it; after all, rumors are cheaper than tea. The market’s feverish anticipation ticks up, regardless of what happens to other coins (who lie in the waiting room, reading month-old magazines).

If the latest PolyMarket bets are to be believed (and believing is a pastime here), 79% await the golden stamp of approval before New Year’s Eve. Whether this stamp comes with actual value remains to be seen—but at least it gives people something to tweet about.

A Modest Proposal: Volume Returns (A Bit)

According to TheBlock, April 2025 saw 16.17 billion XRP scuttling about the ledger—a fraction more than March, as if someone left the faucet running a little longer. Since November 2024, the story is one of slow decline; the volume chart looks like Ivan after his third vodka—still upright, but swaying.

The recent uptick might mean adoption is picking up, or perhaps the universe hiccupped. Either way, the ledger is busier, which, in the language of finance, is almost always good news—or at least, news worth pretending is good. And isn’t that what markets are about? 🤷‍♂️

XRP, adored by many, trusted by few. Will it reach $4 or order another round of disappointment at the bar? Check back next act. The old woman is still knitting. 🧶

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2025-05-05 18:04