Is XRP About to Crash? The Shocking Truth You Need to Know! đŸ˜±

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So, here we are, folks! XRP is like that friend who keeps saying they’re “just going to the gym” but is really just sitting on the couch eating chips. Despite a few positive developments (like finding a quarter under the couch), XRP is still flirting with the crucial support of $2.0. If it can’t hold on, we might be looking at a 40% drop to $1.20. Thanks, macro uncertainty and Trump’s tariff war! You really know how to ruin a party. 🎉

XRP Price: The Ultimate Make It or Break It Drama

XRP is currently playing a game of “will they, won’t they” at the $2.0 support level. In the last 24 hours, it bounced back from $1.9 like a rubber band, but let’s be real, the daily trading volumes have crashed 51% to $4.21 billion. Ouch! That’s like showing up to a potluck with a bag of chips and expecting a Michelin star. 🍟

Crypto analyst Ali Martinez is basically saying, “Hey XRP, you need to get your act together and surge past this breakout zone if you want to keep the party going!” And just look at the image below—XRP is forming a head and shoulders pattern. No, not the shampoo! The immediate support is at $1.80, and the gates of a 40% drop to $1.20 are wide open, like a 24-hour diner. 🍔

But wait! If XRP can manage to roar back above $2.0, it could chart a path to an upside breakout to $22, $30, and beyond! EGRAG Crypto is over here like, “Remember that 2,600% pump from 2017? Yeah, we could totally do that again!” So, if we see a retracement back to the edge of the triangle, $30 is definitely within reach! Talk about a glow-up! 💅

“I’m looking at the last pump from the 2017 cycle, which was an incredible 2,600%! Starting from $1.20, if we see a retracement back to the edge of the triangle, then $30 is definitely within reach!”

On-Chain and Ripple Lawsuit Developments: The Plot Thickens!

XRP’s on-chain metrics are showing some serious growth for the Ripple blockchain. Ali Martinez reports that over 6.26 million addresses now hold at least one XRP. That’s a record high! It’s like a party where everyone shows up, but no one knows what to do. Meanwhile, talks of a spot XRP ETF are rising, which could be the catalyst for an XRP price upside. Fingers crossed! đŸ€ž

And in a plot twist worthy of a soap opera, the SEC and Ripple Labs have filed a pivotal motion following their settlement of the XRP lawsuit. According to the filing submitted to the US Court of Appeals for the Second Circuit, both parties have requested that the appeal be held in abeyance until the court formally approves the resolutions. Because who doesn’t love a good cliffhanger? đŸ“ș

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2025-04-11 08:04