XRP’s September Slump: A Tragic Tale of Crypto Whales 🐋💸

by

XRP

XRP
$2.80

24h volatility:
5.9%

Market cap:
$166.78 B

Vol. 24h:
$6.77 B

stumbles through the autumn of its life, battered by sellers who seem to enjoy a game of “how low can you go?” The $3.0 support line-once a fortress-now lies in ruins, and September, that cursed month of crypto despair, looms like a rainy cloud. August’s closing chapter? A sigh of relief for bears and a yawn for bulls. The price chart? A weeping willow.

XRP Price Action Ahead and On-Chain Activity

XRP trades at $2.86, a number that might as well be a haiku about failure. For two weeks, it’s fumbled $3.00 like a toddler with a hot potato. If this trend continues, $2.74 awaits-a cozy little nest for consolidation, courtesy of the whale selloff. One might say the market is conducting a *very* dramatic slow dance.

XRP Price Under Selling Pressure | Source: TradingView

But hope! (Or is it a trap?) If sentiment improves, XRP could stage a comeback. Reclaiming $2.95 would be like rediscovering your first love, while a breakout above $3.07 might finally silence the bears. Alas, the odds are about as high as a snowball in a crypto volcano.

New blood? Not so much. First-time transactions have plummeted to a two-month low, suggesting fresh investors are either asleep or busy buying NFT llamas. Without new capital, XRP’s stagnation is less of a problem and more of a *mood*.

XRP Active Addresses Are Declining | Source: Glassnode

What Happens in September?

September beckons with a $2.80 test, where 1.71 billion XRP were once bought like candy. At $2.88, XRP teeters above this supply zone like a tightrope walker with a hangover. Will it leap forward or plummet into the abyss? Only time will tell-or maybe a Fed rate cut.

XRP Heatmap With Cost Basis Distribution | Source: Glassnode

The Fed’s potential rate cut in September? An 87.12% chance of “hope” according to the CME. Let’s just say it’s less of a rescue mission and more of a “throwing spaghetti at the wall” strategy.

Ripple, meanwhile, clings to life with RLUSD and XRPL upgrades. Will these efforts save XRP from the jaws of doom? Or are they just rearranging deck chairs on the Titanic of crypto? 🤷♂️

WEPE Meme Coin on Solana Draws Limelight

While XRP wallows in existential dread, WEPE-the “Wall Street Pepe”-dances into the spotlight on Solana. A high-frequency meme coin targeting traders, it’s like a TikTok influencer in a crypto suit. Originally Ethereum-based, its shift to Solana is a masterstroke, riding the wave of the “cryptocurrency supercycle” (read: meme coin madness).

WEPE’s cross-chain burns? A balancing act of supply, or just crypto theater? Users can buy it with ETH, SOL, or a credit card. Fancy. Swap ETH-based WEPE for Solana WEPE 1:1? More like swap confusion for confusion. 🐸

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2025-08-30 00:03