XRP Price Could Tank to $2 – Here's Why You Should Care

So, Ripple decided to throw a little party with 130 million XRP. It transferred this massive chunk of crypto to some mysterious wallets, and now everyone’s wondering if XRP’s price is about to fall off a cliff. Spoiler alert: It might just be a “death cross” situation. 😱

According to Whale Alert (yes, that’s a real thing), Ripple made some pretty hefty transfers on June 2. We’re talking about a cool $283 million worth of XRP, moving from Ripple to three wallets that are as mysterious as your favorite cousin’s new partner. It all started with a $109 million XRP move to “DJoAys” (who’s that? A DJ? A mysterious crypto enthusiast?). Then came two more transfers of 40 million XRP each. This all happened after the monthly XRP unlock from escrow – because why not release millions of dollars worth of crypto for fun? 🤷‍♂️

Oh, and just for some extra drama, these transactions? They look a lot like ones from December. One of these wallets might even be connected to Ripple’s very own chairman, Chris Larsen. Because, of course, if you’re moving that kind of money, why not get the boss involved? 💸

Is XRP About to Take a Plunge to $2?

Now, here’s the fun part: despite all the crypto fanboys shouting “HODL!” from the rooftops, XRP’s price has been slipping like your favorite pair of socks on a freshly mopped floor since mid-May. Who knew? Even the hopes of an XRP ETF approval and rumors of the US government buying it as a strategic reserve couldn’t stop the price from heading downwards. XRP’s trading at $2.17 at the moment—just shy of the $2 danger zone. No big deal, right? 🥴

And if you think this drama is over, think again. XRP has formed a ‘death cross’. If you don’t know what that is, don’t worry – it’s when a short-term trend crosses below a long-term trend, signaling a possible disaster. Basically, it’s like watching a car wreck in slow motion. The 50-SMA (that’s the short-term trend) is hanging out below the 200-SMA (the long-term trend), and guess what? It doesn’t look good for XRP. 😬

Even the RSI is sitting at a comfy 40, creeping closer to the dreaded oversold zone. But hey, there’s a glimmer of hope—traders might just decide to buy the dip if tariff concerns finally stop raining on this parade.

But here’s the kicker: XRP’s price surge? Mostly driven by people using leverage. And we all know how that ends… But hey, if you’re into risky moves, this could be a golden opportunity for some well-timed shorting. Just remember, folks: play it smart, or you might find yourself chasing after a crypto train that’s already left the station. 🚂💨

2025-06-02 11:34

XRP Price Could Tank to $2 – Here’s Why You Should Care

Is XRP About to Take a Plunge to $2?

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