What's up, folks! 🤙 Today we woke up with our eyes on XRP, that crypto that has us all with our hearts in our hands! The very Peter Brandt, a veteran of a thousand battles in finance, dropped a bomb that left us thinking: Is XRP still the king of the jungle or has it lost its claw?
The guy, with his keen eye, saw a "head and shoulders" (H&S) pattern in the weekly XRP charts. Whoa! If you don't know what that is, it's like when the boxer can’t take it anymore and you can see the exhaustion. 🥊 This pattern is a sign that the price could crash, as if it has already hit the ceiling and needs to come down. Brandt posted it on his X, showing how the XRP is in a tight spot. If it closes below $1.87, hold on! Because the fall could be tougher than a pig's butt. Keep an eye on that $1.99, which is like the red line it must not cross.
While the Price Sweated Cold, the Network Was Celebrating 🎉
But watch out, my people, not everything is lament. While the price of XRP was hanging by a thread, the XRPL network was on fire! 🔥 Last Sunday, June 22, the XRPL broke records with 1.83 million payments. That's outrageous! It shows that XRP is really being used, on the street, to move money, it's not just blah, blah, blah. It's like the lion that keeps hunting even though it has a scratch.
The Future of XRP: Ruin or Resurrection? 🤔
And to add more fuel to the fire, Circle Internet Group launched its USDC on the XRPL, a real win! Now it’s easier and faster to move USDC without so much hassle. Plus, active addresses on the XRPL shot up by 142% in the first quarter of 2025. What a tremendous leap!
So, although the price of XRP was a bit down (it reached $1.9 due to the dramas in the Middle East), right now it's giving us joy: it rose 8% and is now at $2.18! The trading volume also shot up by 8%, so not everything is lost. Although the RSI indicator screams "oversold", some analysts say that XRP could make an "explosive" jump like in 2017.
So, my people, keep a close eye between $1.95 and $2.00. That’s the key zone where XRP could find a breath and take off with strength. Will the tiger roar again or will it sleep for a while? The XRP saga continues!$XRP
