XRP’s Wild Ride: Whales, Woes, and Wacky Support Levels 🌊💸

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Too Much Fuss, Too Little Time

  • XRP clings to $3 like a socialite to her pearls, but oh darling, those whales have dumped $2.1B! 🤑 $2.48 is the last bastion of hope, my dear.
  • On-chain tea spills: $2.80 is a mere pit stop, but the real drama unfolds below $2.48. Accumulation, schmacumulation! 💎✋
  • Analysts, those perpetual optimists, are eyeing $3.20 like it’s the last martini at a cocktail party. XRP’s range? A tedious $2.77 to $3.32. Yawn. 😴

XRP’s $3 Tango: A Retreat from July’s Glamour

Ripple’s XRP, the darling of the crypto soiree, is hovering near $3, up 5% in 24 hours. But let’s not forget, it’s down 9% this week and still 18% below its July 18th peak of $3.65. Trading volumes? A fleeting $110 million at the height of the party, thanks to those ever-so-chic large buyers. 🥂

Alas, the sellers crashed the party above $3.03, sending the token into a brief sulk. In the past day, it’s been trapped between $2.83 and $3.03. Consolidation, they call it—I call it a snooze fest. 😒

On-Chain Gossip: Support Levels and Historical Follies

Ali Martinez, the Sherlock Holmes of on-chain data, reveals that XRP’s current structure is propped up by historical accumulation zones. 1.80 billion XRP (2.81% of the supply) was snapped up at $2.80—a temporary buffer, if you will. 🕵️♂️

But the real drama? Below $2.48, where 1.41 billion XRP (2.2% of the supply) changed hands. With lighter buying between these zones, XRP is as exposed as a debutante without her gloves. 🧤

On-chain data shows that past accumulation behavior points to $2.80 as a temporary buffer for $XRP, but real support begins below $2.48.

— Ali (@ali_charts) August 3, 2025

And let’s not forget the MVRV ratio’s death cross—a bearish pattern that screams “extended pullbacks ahead!” More holders facing losses? Pass the smelling salts! 🤢

Resistance and Support: The Never-Ending Drama

CRYPTOWZRD, the oracle of markets, notes that XRP and XRP/BTC ended the day in the green. Resistance? A mere $3.30 and $3.65. Break above $3.65, and we’ll have a new high—but don’t hold your breath, darling. Key support at $2.80, with intraday at $2.83. 🧙♂️

XRP Daily Technical Outlook: $XRP closed strongly bullish as XRPBTC recovered quickly. However, one more healthy bullish Daily candle in XRPBTC is necessary to call a complete reversal and push towards $3.6500. I’ll track its intraday chart for the next healthy trade.

— CRYPTOWZRD (@cryptoWZRD_) August 4, 2025

Short-term setups? Hinged on $3.20. Break above, and we’re off to $3.23. Fail? Sideways consolidation, of course. How thrilling. 🙄

Analyst CW chimes in: XRP is liquidating shorts after clearing leveraged longs. A move to $3.06 could trigger short liquidations—volatility, darling, volatility! 🎢

Whale Selling: The Party Poopers

Those pesky whales have sold over 700 million XRP ($2.1B in a day!) since the July peak. Immediate selling pressure? Check. Influencing smaller players to flee? Double check. 🐳💨

All this unfolds as altcoins frolic and global markets grapple with inflation and cautious central banks. What a circus! 🎪

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2025-08-04 10:31