XRP: To the Moon… Or Maybe the Basement? 🚀

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Right then. So, the crypto-markets have had a bit of a wobble, haven’t they? Like a startled jellied eel. And XRP, bless its digital heart, is currently attempting to climb out of the metaphorical mud. Apparently, some people with charts and very serious expressions are suggesting it absolutely must hold its current price, or we’re looking at a tumble that’ll make your digital wallet weep. A 50% drop, they say. Back to prices not seen since… well, last year. Oh dear.

Is XRP About To Take a Dive?

This week’s market hiccup resulted in XRP briefly revisiting levels most of us would rather forget. Six percent down, just like that. Lost the battle for $2.00, it did. A tragedy in three parts, really. Despite the continued (and frankly baffling) interest from the institutions – presumably they’ve got better things to do, like polishing their server farms – the price kept falling. It’s always the ones you least suspect, isn’t it?

For the last month, XRP’s been bouncing around between two dollars and a bit and two dollars and a quarter, a pathetic little dance of hope and despair. Then Monday happened, and it fell through the floor again, landing at a rather uninspiring $1.88 before bobbing up and down like a cork in a rather choppy sea. A crucial area, apparently. It’s crucial if you want to avoid people talking about it falling, mostly.

Now, it has bounced back from around the $1.85-$1.90 mark every time things have gone pear-shaped since November 2024. Always a bit of optimism, isn’t there? But, of course, there’s always a ‘but.’ Some observers (the doom-mongers, naturally) are muttering about a ‘significant correction.’ One Ali Martinez, a name that sounds suspiciously like a spy, points out we’ve fallen below the usual price range, which could, and I quote, lead to “a 50% drop.” Goodness me. 😱

And then there’s Cheds Trading, who helpfully informs us XRP is ‘flirting with a high time frame breakdown.’ Flirting! As if it’s a social occasion. Apparently, it’s forming a chart pattern that looks suspiciously like a double chin – or an ‘M,’ if you prefer. Lose $1.88, and we’re headed towards… $1.00. A land we haven’t visited in over a year. One shudders.

But Wait! There’s a Silver Lining (Maybe) 🧐

Hold your horses! Not everyone is ready to write XRP’s obituary. One Trader Niels (sounds like a very sensible sort) says it’s “looking good.” Apparently, it’s “sweeping the $1.8 support zone again,” whatever that means, and showing some ‘bullish divergence’. Which, if you speak Crypto, is a good thing. Apparently. This could lead to a 27%-37% surge, so get those wallets ready (but maybe don’t spend it yet).

And a ChartNerd (yes, really) has spotted a pattern, a ghostly echo of 2023-2024. A year and a half of bouncing around, then a massive breakout. Could history repeat itself? The Nerd thinks so. More consolidation, says the Nerd, before another ‘markup phase’. Essentially, more waiting. The life of a crypto enthusiast, eh? 🙄

“Regardless of scenarios, or how ugly/beautiful it gets, a massive markup phase similar to November 2024 is likely between now and late 2026,” he states with the unshakeable confidence of someone staring at a screen all day. Well, that’s…reassuring. Sort of.

As of now, XRP is trading at $1.92, up 1.65% today. Which just proves, doesn’t it, that even in the world of cryptocurrency, things are constantly changing. And usually downwards.

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2025-12-17 10:20