Let's talk about XRP — the legendary coin that once dreamed of becoming the crypto equivalent of SWIFT, and today... trembles at the support level.
Let's start with the technical spectacle unfolding right now. On stage — a descending triangle, starring XRP, and the director appears to be none other than Satan from the technical analysis department. The triangle began back during the rally at the end of 2024 — everyone thought XRP would soar to Mars. But instead of a rocket, we got... a hang glider. With a hole.
So, here's what we have:
• 50-day SMA — $2.18. The price is hitting it like a fly against glass.
• 100-day SMA — $2.06. If it breaks through — get the tissues ready.
• Support — $2.00. A psychological level. You know, the one where people shout: 'Stop falling already!'
If XRP falls below $2.00, according to Cointelegraph's calculations, it could drop all the way down to $1.20. That's a 45% decrease. Such a crash would cause arrhythmia at the Central Bank.
But that's not all. Our blockchain warrior suffers not only from a technical cold but also from on-chain flu: active addresses on the XRP Ledger have plummeted from 608,000 in March to 30,000. It's like if only a security guard and one fan with a banner saying 'still holding' showed up to a Beyoncé concert.
And now let's look at the trading volume. It has increased by 30% in 24 hours and reached $2 billion. Sounds promising? Don't be fooled. This is not a surge — it's a wave of profit-taking. People are closing positions like Titanic passengers were closing lifeboats: 'We're leaving before it all sinks!'
An analyst named Dom (yes, just Dom — possibly a 'Fast and Furious' fan) claimed that the sales were strong. But the purchases... well, how can I put this... they're invisible under a microscope.
So what awaits us?
If XRP suddenly pulls itself together, breaks out of the triangle upwards, and says: 'Enough!' — we could see a rise to $3.00. And that would be beautiful. Fireworks, memes, 'I told you so' on Twitter.
But if the coin breaks the $2.00 level — consider the scenario 'falling to $1.20' officially released. No age restrictions. Only pain.
What's the moral of the story?
XRP right now is like a former action hero: was strong, loved to punch the banking system... now sitting in a bar reminiscing about glory and hoping for a comeback. But a comeback doesn't happen without action — or news from the SEC.
