Right, So You Haven’t Got All Day (TL;DR):
Ripple‘s managed to cling on to that two-dollar line like a bewildered limpet. Apparently, this is a ‘good thing’ according to some. 🤔
And some bloke with charts reckons a thingy flashed a ‘buy’ signal. Which, in layman’s terms, probably means absolutely nothing. 🤷♂️
The last week? Bit of a disaster, really. Down six percent, which is practically daylight robbery in the crypto world. Seems even Trump’s latest grumbles can send XRP tumbling faster than a goblin down a well. Poor XRP! 📉
It’s lost about a quarter of its value since mid-March, all because some CEO chap said something about a lawsuit being ‘effectively ended.’ In crypto-speak, that’s probably code for ‘we’re still arguing, but trying to sound optimistic.’ 🙄
But hold on! It bounced! Briefly dipped below the two-dollar mark, then scrambled back up like a startled meerkat. Now trading at $2.1. Which, let’s be honest, is probably just teasing us.
Some fella called Ali Martinez (no relation to the martian variety, as far as we know) keeps banging on about this two-dollar support. If it breaks, apparently, we’re all doomed to one-dollar-twenty. Doom! Gloom! Despair! But because it didn’t (yet), it’s now a ‘propeller’ for a rally. Honestly, these analysts… 🤦♂️
Apparently, this Martinez chap is relying on something called the TD Sequential. Sounds like a washing machine program, but apparently it’s a market exhaustion indicator. It ‘flashed a buy signal.’ So, you know, good luck with that. 🍀
$XRP could be setting up for a rebound! Holding above $2 while the TD Sequential flashes a buy signal!
— Ali (@ali_charts) April 3, 2025
Meanwhile, over in ADA and LINK land, the whales are offloading faster than you can say ‘market correction.’ So, at least XRP isn’t
that
much of a basket case. Probably. 😅
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2025-04-04 12:13