XRP Tumbles: Brace for a Sarcastic Price Plunge! 😂

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Key takeaways:

  • XRP‘s eyeing a 15% nosedive to $2.60 if it can’t hold onto $3 – because apparently, climbing out of a hole is too much work 😏.

  • Over $500M in long positions vaporizing below $3 could turn this sell-off into a full-blown tragedy, folks 💸.

Ah, XRP (XRP), that cheeky little crypto that’s been teasing us with breakouts above $3 since its wild November 2024 party, only to fumble like my uncle at a family reunion and crash right back down. Classic fakeout – it’s like promising a weekend getaway and then cancelling because of a hangnail 📉.

On Saturday, it slithered below that oh-so-important $3 support, right alongside its 200-4H exponential moving average (you know, the green wave that’s probably waving goodbye). Could it get any lower in the next few days? Let’s dissect this with the glee of a gossip at a knitting circle.

Can the XRP price decline even further in the coming days? Let’s examine.

XRP chart fractal puts 15% correction in play

XRP is channeling my high school crush – all rounded tops and triangle drama, hinting at a 15% drop to $2.60 before you can say “bear market blues.” Back in September, it pulled that same trick: a cozy rounded top, some symmetrical triangle chit-chat, and bam – a sharp breakdown sending prices to $2.70 like a bad breakup text 🙄.

And here we are in October, replaying the tape. On the four-hour chart, it’s molded another rounded top and hunkered down in a bearish flag, which, plot twist, usually means plummeting as far as the widest gap between its lines. The four-hour RSI? Oh, it’s cooling off from overbought highs above 70, still miles from oversold 30 – room to dive, baby 💥.

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A bounce from the 20-day ($2.93) or 50-day ($2.52) EMAs might flip the script, sending it rebounding to $3 faster than I can admit I binge-watch reality TV 👀.

$500 million long squeeze can fuel the XRP sell-off

Ah, XRP’s $3 is sandwiched between chunky liquidity pockets, per CoinGlass – like being caught in a family feud. Upside, you’ve got hefty long liquidation clusters from $3.18 to $3.40, with $33.81 million in shorts at $3.18, ready to buy high if bulls rally 🚀.

Downside? Even bulkier pools from $2.89 to $2.73, totaling over $500 million – a close below $3 could unleash a liquidation avalanche there. Staying above $3? Maybe a bull run to $3.20-$3.40. But honestly, it’s like watching my cat try to eat spaghetti – messy and unpredictable 😂.

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2025-10-04 18:08