Ah, the drama of the crypto world unfolds once again. On Monday, Sept. 1, the XRP price took a nosedive straight into the arms of an important support level on the Murrey Math Lines. Why? Because Ripple Labs unlocked a cool *billion* XRP tokens from escrow. Oh, and let’s not forget, the sentiment in the crypto industry remained neutral-like that indifferent shrug you give when someone asks if you’ve seen their socks. 😐
- XRP price tumbled to the strong, pivot, reverse point of Murrey Math Lines. Talk about a plot twist!
- Ripple Labs unlocked 1 billion XRP tokens. Cue the fireworks-or maybe just some awkward silence.
- Technical analysis whispers (or screams?) of more downside before any rebounding heroics. 📉
The Ripple (XRP) token plummeted to $2.7345, its lowest point since July 11 and a whopping 25% below its highest peak this year. Its market cap? Down to $164 billion from a year-to-date high of $201 billion. Oof, that’s a punch to the gut. 💥
Ripple Labs Plays Escrow Jenga
As if things weren’t chaotic enough, Ripple Labs decided to shuffle tokens like a magician with too many cards up their sleeve. According to Whale Alert, Ripple unlocked 1 billion XRP tokens from escrow. But wait, there’s more! They also locked additional tokens back into escrow in separate transactions. Classic Ripple move, really. 🔓🔒
🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (1,380,340,882 USD) unlocked from escrow at unknown wallet
– Whale Alert (@whale_alert) September 1, 2025
Now, before you clutch your pearls, these massive transactions are par for the course. Ripple’s tokenomics involve locking away 55 billion XRP tokens and unlocking 1 billion per month. Any leftovers? Back to escrow they go. In most cycles, Ripple relocks between 600 million and 900 million XRP tokens, so the net supply increase is less dramatic than it appears. Phew, crisis averted-or is it? 😅
Meanwhile, XRP retreated amid mixed metrics. On the bright side, Ripple’s USD metric supply crossed the $702 million milestone after rising by 16% in the last 30 days. Yay, progress! 🎉 But hold your applause, because the number of RLUSD stablecoin addresses dropped by 35% to 4.6k. Transactions fell by 42% to 410k, and transaction volume plummeted by 74% to $2.6 billion. And here’s the kicker: while Ripple created RLUSD, only $90 of the supply resides in the XRP Ledger. Yes, you read that right. Ninety dollars. 🤦♂️
But fear not, dear reader! The main catalyst for XRP this month is the October deadline for the SEC to approve some ETFs. Investors are crossing their fingers, toes, and eyelids, with odds jumping to over 80%. Could this be the rebound we’ve all been waiting for? Or just another cruel twist in the crypto saga? 🤞
XRP Price Technical Analysis: The Chart Tells All
Behold, the daily chart! The Ripple price has fallen from its year-to-date high of $3.6598 to $2.73 today. This level is significant-it’s the strong pivot reverse point of the Murrey Math Lines. Historically, reversals often occur here, like a boomerang that always comes back. 🪃
However, the Relative Strength Index sits at 44, meaning the token isn’t yet oversold. So, what’s the verdict? Brace yourselves, because the XRP price might keep falling to the ultimate support at $2.3438 before staging a glorious comeback-possibly to $5, as we cheekily predicted earlier. 😉
In conclusion, dear reader, the crypto rollercoaster continues. Buckle up, grab your popcorn, and enjoy the ride. Or don’t. Your call. 🎢🍿
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2025-09-01 21:04