Ripple (XRP) Drops 5% Weekly, But Is a Comeback on the Horizon? 🤔🚀

Ripple (XRP) Drops 5% Weekly, But Is a Comeback on the Horizon? 🤔🚀

TL;DR, Because Who Has Time?

  • Some superhero analysts believe XRP might just surprise us all and reach a new all-time high. Thanks, whales, for the support! 🐋✨
  • But wait, the exchange balances are climbing faster than your neighbor’s hedge fund. Uh oh, sell pressure alert! 🚨💸

XRP Chart

Are the Bears Finally Taking a Coffee Break?

Ripple’s beloved cross-border token has taken a bit of a tumble, dropping over 5% in the past week and chilling at around $2.85 (thanks, CoinGecko!). That’s a hefty 22% dip from its mid-July high of approximately $3.65. Ouch.

But don’t despair! Market chatterboxes like Crypto Tony (with a modest 540,000 followers on X-because who isn’t obsessed?) are whispering that if XRP closes above $2.90, the bulls might just throw a party again. 🥳

Hardy, the analyst with a penchant for cryptic predictions, suggests XRP is “looking primed for a move.” Basically, it’s like a sprinter at the starting gun, ready to bolt. Since July, he’s been hinting at a breakout from this sleepy phase.

Then there’s Shibo and FOUR | Crypto Spaces playing their parts as the hype squad. Shibo predicts a “great storm” this year that will propel XRP into a “parabolic” rally. Meanwhile, FOUR claims the chart is dancing to a “healthy, impulsive move,” aiming to hit resistance at $5.06. Someone grab the popcorn! 🍿

CRYPTOWZRD also chimed in, saying XRP’s recent “consolidation phase” resembles 2017-when things went bananas. Their prophecy? A parabolic rally to $4.50 or more, but patience, dear investors, patience. 🕰️

What’s Really Cooking Behind the Scenes?

Last month, X user Ali Martinez spilled the tea: big whales have returned, scooping up 340 million XRP-close to $1 billion-in just two weeks. That’s enough to make even the most hardened hodler slightly nervous.

This kind of accumulation suggests whales might be stacking the deck before a big move, which is usually bullish. Or, you know, the calm before the storm. Either way, it’s interesting.

Martinez then laid out a possible game plan: defend $2.70, break the $2.90 barrier, and aim for a new high of $3.70. Easy, right? Certainly more exciting than watching paint dry.

But beware! Indicators are giving mixed signals. Like, the amount of XRP stored on crypto exchanges such as Binance has hit a dizzying 3.55 billion tokens-a sign that some people might be gearing up to sell. Because nothing says “happy moments” like seeing your crypto resting comfortably on centralized exchanges. 😅

XRP Reserves on Binance

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2025-09-04 17:23