XRP is acting up again.
At the time of writing this article, the token is trading at about $2.36, winking at you through charts and statistics: “Hey, maybe this time I’ll really take off!” And who knows, maybe it will. But first — let’s break down this madness.
1. ETF or “You’re Forcing Again”
The application for a spot XRP-ETF from Franklin Templeton, like the promises of politicians, is once again “under consideration”. The SEC said: “We’ll think about it… until June 17”. Investors are holding their breath — and for nothing. Try holding your breath for a whole month — it won’t work. And while you wait, the market has already responded: XRP has fallen by 5% in the last week. Boom — the ETF effect with a delay.
2. Network activity: RIP or XRP?
Once, in December, there were 108,000 active addresses per day. Today — 21,000. This is no longer a tide, it’s the reincarnation of the Sahara Desert. What does it mean? Users are fleeing like tourists from Egypt in July. Reasons? Maybe they are tired of waiting for Ripple to win against the SEC or simply fell in love with Solana. Who knows?
3. CME launches futures: Hooray or Oh no?
On May 19, CME launches cash-settled futures on XRP. Does this mean institutional interest? Of course. It sounds like “the adults have come to play”. But be careful: when the “adults” come to the casino, they don’t always play fair.
4. Pharmacists in Florida and $50 million in XRP
Yes, you heard that right. A pharmaceutical company from Florida decided to use XRP for instant payments in a $50 million deal. Well, if Ripple was once the “currency of banks”, now it seems you can buy a headache pill with XRP too. The only question is — for what pain?
5. Technical analysis: everyone wants to be Nostradamus
TD Sequential says: “Sell!”. SRSI and MACD scream: “Buy!”. The entire crypto market resembles a crowd of fans in a stadium, where the same player is both the best and the worst at the same time. Meanwhile, analysts argue, Changelly predicts a decline of another 5.5% by tomorrow. At least someone is confident.
So who are you, Mr. XRP?
• Promising token with corporate support — yes.
• Weathered by the winds of legal battles and regulatory seizures — yes.
• Candidate for Moon or Madness? — the question remains open.
