They call it XRP, the third-ranked phantom in the digital marketplace. Currently, it clings to the vicinity of $3, fluctuating like a nervous patient in a draft. CoinMarketCap – those arbiters of fleeting value – report it at $2.97 as of this very hour, a meager 1.77% upward tick. A triumph, surely? A cause for jubilation? 🙄 Don’t be so hasty.
On Friday, the grand edifice of cryptocurrency began to crumble, a veritable avalanche of red figures. Nine hundred million dollars vanished into the ether, swallowed by liquidations – the brutal consequence of macroeconomic unease and the grim tidings from the American labor front. As if the markets weren’t already burdened enough with…optimism.
XRP, of course, followed the herd over the cliff. From a fleeting high of $3.33 last week, it plummeted to a low of $2.89. Now, it steadies, if one can call it that, at $2.97—a 6.27% descent. A gentle slope downwards, a quiet retreat… a prelude, perhaps?
Though it has patched up some of the immediate wounds, the bloodstream of the crypto market remains poisoned, with another $616 million disappearing into the digital void in the last 24 hours, as noted by the diligent trackers at CoinGlass. The relentless pursuit of…what exactly? A fleeting profit? A utopian ideal? It’s all rather tragicomic.
And so, XRP’s adherents – the true believers, the long-suffering holders – are now scanning the horizon for signs of salvation, for crucial support levels that might prevent total collapse. It’s a desperate vigil, fueled by hope and regret.
$XRP could find support around the $2.55-$2.40 level!
— Ali (@ali_charts) August 1, 2025
A soothsayer named Ali – or rather, @ali_charts on the social channels – divines that support may be found in the $2.55-$2.40 range. A mere buffer, a temporary respite. But in this chaotic realm, even a small bulwark can feel like a fortress. One can only pray (to the algorithm, naturally).
What’s next?
That $2.94 level, they say, briefly delivered. The dip-buyers, those frantic scavengers, intervened on Saturday, pushing the price briefly to $3.01. But resistance looms at $3.02-$3.05. Unless more funds – fool’s gold, perhaps – enter the arena, a further rejection is presumed. Dare we dream of $3.33 or $3.65? A reckless indulgence, surely.
There is, however, a flicker of…something. The XRP Ledger now boasts 7 million accounts, with over a million new arrivals this very year. More than 3,000 souls signing up each day. Is this growth? Or merely the sound of more lambs entering the fold? 🐑
And even, astonishingly, Maxwell Stein, a dignitary from BlackRock, intends to grace the Ripple’s Swell 2025 conference with his presence. A signal of institutional alignment, they claim. Or is it simply a curious observer, watching the spectacle unfold, perhaps preparing to salvage the debris? 🤔 The truth, as always, will remain shrouded in mystery.
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2025-08-02 13:48