Behold, XRP! Its trading volume has collapsed like a poorly constructed bridge of dreams, plummeting 66% in 24 hours to a paltry $2 billion. One might imagine the market gasping in horror, clutching its chest, or perhaps just sipping tea and muttering, “Ah, the weekend has arrived once more.”
Yet, fret not! This may merely be the cosmic dance of weekend serenity, where traders vanish like ghosts at dawn. Still, the whales-those capricious leviathans of liquidity-have been stirring. They shuffle $140 million here, $700 million there, as if playing a game of hot potato with a side of existential dread. 🐳✨
On Sept. 5, a colossal 49,999,989 XRP leapt between wallets, a spectacle so grand it could rival a circus. The following days saw 250 million XRP vanish from Ripple’s coffers, and 50 million more vanish into the void. One might ask: Are these transactions or a crypto-themed Russian novel? 📖💸
Price Warning? A Tragicomedy
The volume drop? A mere prelude to the grand opera of indecision! Traders, like timid mice, cower in the shadows, awaiting the new week’s grand unveiling. Fear not, for XRP’s price defied the chaos, rising 3.03% to $2.89. A brief flirtation with $2.92 on Sunday suggests it may yet outwit the SMA 50 at $3.04. But beware! Should it tumble below $2.69, it may yet spiral into the abyss of $2.20. 🕳️📉
And lo! Bitwise has unveiled five new crypto ETPs, including the Bitwise Physical XRP ETP (GXRP). A marvel, this ETP allows investors to dabble in XRP like a modern-day alchemist, though one suspects the Swiss Exchange is now a circus in disguise. 🎪📈
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2025-09-07 19:30