Ah, XRP, that enigmatic digital creature hopping about the cryptocurrency jungle, has now stumbled upon a price point so sacred it’s practically wearing a crown made of zeros and a monocle: $2.80. According to the sage wisdom of Glassnode (because who else tracks mysterious internet money movements?), over 2,000,000,000 XRP were scooped up at precisely this price – making it the largest congregation of holders on the planet at the moment. A gathering so impressive even your Aunt Mildred might buy it if she knew what a crypto wallet was. 🧐
When that much supply is parked on one price level – holding around $6 billion worth of XRP, which is either a mind-boggling figure or a really, really expensive casino chip – it becomes the big red line bulls draw in the sand. Cross below it, and suddenly millions of traders find themselves underwater faster than you can say “emergency flotation device,” causing them to panic-sell like it’s Black Friday but with fewer bargains and more existential dread.
The recent weeks? Picture a caffeinated squirrel on a trampoline. XRP briefly bounced above $3.10 in early September, tantalizingly close to something that might be called “stable,” but then decided to take a nosedive to around $2.95, like it couldn’t quite decide if it wanted to be a rocket or a submarine. Since August, the price has been a slow-motion roller coaster dipping close to $2.80, where buyers patiently wait with digital fishing rods to catch anything that falls.
“$2.80 is the most important support level for $XRP!”
The heatmap spells it out with fluorescent brilliance: the blazingly bright bands of supply cluster right around $2.80, like moths to a very expensive flame, showing exactly where the money bags are hiding.
Bullish signals for XRP
Meanwhile, the short-term signals are whispering sweet nothings to hopeful traders. The TD Sequential indicator on the four-hour chart just flashed a buy sign (not an actual flashing neon billboard, but close enough), signaling that the market has been stretched thinner than a pair of weekend sweatpants and might be ready to catch its breath-or just trick you into thinking it is.
Liquidation numbers back up this drama: over $16 million vaporized in the last 24 hours from long positions alone. Think of it as a messy reset button-like rebooting your computer after a frantic “why is it not working?!” moment-potentially clearing the path for new buyers to saunter in and shop for some discounted XRP goodies.
Now, what’s next depends on the epic showdown at $2.80. If this level holds firm like a stubborn toddler refusing bedtime, XRP might clamber back up toward $3.05 and $3.15 without too much fuss. If not, prepare for the next cliffhanger near $2.64, where confidence could take a nosedive worthy of a dramatic soap opera plot twist. Grab your popcorn. 🍿
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2025-09-15 17:50