After weeks of XRP looking like a deflated balloon at a toddler’s birthday party, the on-chain data suddenly decided to throw a surprise party-complete with a 100% spike in network activity. On Oct. 17, payment volume hit 1.33 billion XRP, which is either a miracle or someone finally remembered to pay their crypto taxes. 🤷♂️
XRP’s Liquidity Circulation Is In (And So Is My Nostalgia for 2017)
If you’ve ever watched a middle-aged man try to run a marathon, you know that sudden bursts of energy usually mean something’s about to give. But here, the surge in transaction volume is being hailed as “optimism.” Congrats, crypto bros-your collective hope now smells faintly of desperation. 🌟
While XRP’s price stabilized around $2.45 (because $3.20 was clearly too ambitious), the on-chain recovery is being compared to a recovering addict who’s “clean for 12 hours.” Selling pressure might be easing, but let’s not forget this token is still doing the crypto equivalent of a trust fall at a family reunion. 🤞
XRP Is Close to Overselling (Or Just Giving Up)
Technical indicators now suggest XRP is “oversold,” which sounds like a clearance rack at a thrift store. The RSI is flirting with 35-37, and the candle’s narrowing so much it could fit in a thimble. If this chart were a person, it’d be whispering, “I’ll take a ‘bottoming out’ for $500, Alex.” 🎲
If buyers push XRP above $2.65, we might see a “momentum reversal” toward $3.00. But let’s be real-this is crypto, where “momentum” is just a fancy word for “hope and a dash of caffeine.” The surge in on-chain payments? Probably just a bunch of institutional players trying to act busy while they figure out what “blockchain” really means. 🕵️♂️
Despite its collapse, XRP isn’t done yet. Or maybe it’s just too stubborn to admit defeat. Either way, here’s to hoping the next spike isn’t just a glitch in my Netflix password. 🔐
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2025-10-19 15:36