Analyst Says XRP Could Crash 30%—But What Happens Next Is Utterly Ridiculous 🤯

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XRP tried to be impressive this week by performing a daring leap over the $2.30 hurdle, only to land face-first in the mud, undoing last week’s show-off routine. The digital coin, which briefly basked in an 8% rally (and, one suspects, wrote a postcard home about it), now finds itself having misplaced 3.5% since Monday and 7% since its dramatic cliff-top pose at $2.36. There’s probably a special word for this in economics, but “oops” will do.

Expert Predicts XRP Will Swandive—Spectators Should Bring Popcorn

Block Bull, a market analyst (and, one imagines, someone who spends a worrying amount of time staring at squiggly charts), warns that XRP could be about to take the sort of dive that makes even synchronized swimmers wince. His post on X (which, depending on your generation, may also be called Twitter, That Bird Site, or The Place Arguments Go To Die) points out that XRP failed the ancient financial art of “Breaking Resistance”—which is not, regrettably, a wrestling move, but rather something to do with lines and confidence.

This ‘technical failure’ might drop the price to $1.55—about 30% short of its optimistic high, and roughly 28.6% below where it flopped on the day of this dire prophecy. “Annoying as hell,” Block Bull declares, possibly as he watches his investments sprint in the wrong direction.

On the bright side, Block Bull assures his followers that such a drop could be the market equivalent of a seasonal sale: a brief chance for large, mysterious “smart money” investors to tip-toe in and buy cheap coins while the average trader faces either “diamond hands” or paper towels.

Likely $XRP is going to fall 30% along with $XLM (which, let’s be honest, was looking a bit shifty anyway).

Bottom of bull flag and fib level: best entry, apparently, if you enjoy excitement with your breakfast. $1.55 (annoying as hell).

Markets will bleed the average guy dry and that’s how the rich stay rich—by being the only ones who can afford to HODL through drama. 🏦🤷‍♂️

— BLOCK BULL (@TheBlockBull), who maybe ought to consider stand-up as a side gig.

Very Serious Chart

XRP’s Struggles: Now With 100% More Misery, Courtesy of Bitcoin and Ethereum

Anyone thinking XRP’s misfortunes are unique should rest easy—if that’s possible while clutching a shrinking portfolio—because all the usual crypto suspects are floundering. Bitcoin is clinging to $95,000 like a cat to a curtain, and Ethereum has somehow managed to tunnel beneath $1,800. This is not so much an XRP problem as a “the whole ship is sinking, do you have your lifeboat?” issue.

Meanwhile, Some Analysts Are Still Smiling (Possibly Sarcastically)

Other keen observers of digital drama suggest things might not be entirely doomed. Yes, XRP fell from $2.28 to $2.14—which is about a 6% loss and should warrant at least a minor existential crisis—but the coin still clings to a support level on short timeframes, possibly for emotional comfort.

Market Support Chart (Now With Extra Lines)

So, if XRP manages not to slip through the support at $2.14, we could see a rapid bounce up to $2.24 or—if the optimism is catching—even a grand run to $5 within a month. That would be an all-time high and, presumably, justification for champagne and smug tweets.

Liquidation Data: Or, Why Everyone Is Screaming

And now, the fun part: According to Coinglass—a site whose main draw appears to be alarming statistics—$14 million in long positions have been obliterated within 24 hours, while the short sellers have barely parted with their lunch money ($1.48 million, to be exact). That’s a nearly 1000% difference, which in financial terms translates to “well, that escalated quickly.”

More Statistics, Fewer Dreams

The avalanche of panicked selling kicked prices even lower, and open interest dropped by 4%—meaning more and more traders are looking for the exit, or possibly a stiff drink.

At this moment, XRP lounges at $2.20, down 1.14%. Investors can occupy themselves debating whether the next big move involves a trampoline or a trapdoor. In any case, the only thing rising faster than market uncertainty is the number of hot takes about it. 🧐💸

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2025-05-01 19:26