Ripple’s $170M Shuffle: XRP Holders Panic Like It’s 1929! 😱

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Ah, the price of XRP—once a proud stallion, now limping like a three-legged donkey in a bear market. This latest stumble comes as Ripple co-founder Chris Larsen, with the grace of a bull in a china shop, shuffled 50 million XRP (a cool $170 million) between wallets like a nervous gambler hiding chips from his wife.

Blockchain sleuths report these transfers began on July 17, with the tokens scattered like breadcrumbs to four wallets. Two of them—gobbling up 30 million and 10 million XRP—smell suspiciously like crypto exchanges (because nothing says “I believe in this project” like dumping it on Binance). The remaining 10 million? Split between two fresh wallets like a questionable inheritance. 🕵️‍♂️

And let’s not forget the $26 million “donation” to Coinbase a few days prior. Larsen’s silence on the matter is deafening—though the sound of traders hyperventilating into paper bags is louder.

XRP Holders: From Diamond Hands to Wet Noodles

Investors, ever the rational bunch, have responded to this masterclass in ambiguity by selling 450 million XRP ($2.8 billion) faster than a sinking ship rats. The “trust” in XRP’s short-term growth? Gone, like a vodka bottle at a Russian wedding.

Currently, XRP clings to $3 like a drunk to a lamppost, utterly failing to punch through the “key resistance” of $3.18–$3.25 (or as traders call it, “the wall of despair”). Until then, expect more sweating and frantic Googling of “how to short crypto.”

Hopium Alert: The Rebound That May or May Not Exist

Ah, but wait! The ever-optimistic chart wizards point to a bounce from $3.04—a “support level” as reliable as a Soviet-era elevator. The RSI on shorter timeframes twitches with life, hinting that the selling *might* slow down (or it might not, who knows?).

If XRP staggers above $3.21, the bulls will declare victory. If not? Well, $3.04 awaits like a concrete pillow. Yet let’s not forget: XRP is still up 220% this year, because in crypto, even a dumpster fire can be a “top performer.” The SEC lawsuit looms, but hey—nothing bonds a community like shared delusion. 🚀🔥

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2025-07-25 08:28