TL:DR;
- The crypto market saw a scarlet sunrise on Sunday, with altcoins facing the guillotine harder than most.
- XRP‘s tumble was quick on the heels of a prophecy—whales have begun shedding their scales.
The ethereal, third-largest cryptocurrency flirted with the new cosmos weeks ago, nearing its past zenith of $3.4, a mere flirtatious whisper away from the celestial skies (CoinGecko data). But alas, the heavens closed their doors, leading XRP to falter, slipping to the gloomy $2.8 mark as Monday’s tempest raged.
Defiant, it clawed back destiny’s favor during the business week’s grind, re-embracing the sacred $3 line. As if with the grace of a ballet dancer, it soared to a pinnacle of $3.15 on Friday, only to be cast down cruelly.
Over the weary weekend, it began a sorrowful waltz of decline. Within the last dozen hours, it plummeted alongside its celestial companions: bitcoin and the galaxy of alts. The cosmic dance saw it descend to a 6-day nadir of $2.82, an abrupt drop of over 8% in the space-time continuum of a single day.
Despite regaining a glimmer of hope to near $2.9, XRP remains entwined in a 5% tumble from morn to eve. This market waltz is not just a cosmic accident but a strategic volte-face by the leviathans of the deep.
These abyssal behemoths, akin to mythic propellers, hoisted XRP skywards in post-election fervor, amassing vast oceans of wealth in mere moons. Yet, the oracle Ali Martinez unveiled their revised harmonics—offloading $70 million in but a few sunsets.
In the grand ballet of markets, the whales’ movements orchestrate shifts as grandiose as a Tsar’s ball, swaying the tides with their monumental exchanges.
Whales have offloaded over 70 million $XRP in the past 96 hours! 🎭🚢
— Ali (@ali_charts) February 1, 2025
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2025-02-02 09:01