TL;DR
- Ripple Labs just got let off by the SEC with what basically amounts to lunch money, but XRP is still acting like a kid who got picked last in gym class.
- Crypto “experts” (the same people who thought Beanie Babies were a stable investment) swear XRP’s time is coming.
If you blinked this week, you missed Bitcoin hurdling over $100,000 like it was auditioning for ‘Ninja Warrior.’ Meanwhile, other coins—DOGE, SOL, HYPE (great branding)—all decided now’s the time to moon. Ethereum jumped 31% just to show off, because ETH’s gonna ETH. 🕺
XRP? Oh, it’s also “up”, if by “up” you mean your grandma’s Wi-Fi speed: just a hair over 9% this week, and 21% over the month. Not bad, unless you look at literally every other coin, in which case, womp womp. ETH’s up 54%. Even Bitcoin outdanced XRP with 28%. Remember when XRP said it’d be the chosen one? Pepperidge Farm remembers.
The SEC, apparently getting bored, finally filed for a settlement and is asking Ripple Labs for a cool $50 million—or, as they originally called it, “We-were-just-kidding” money (down from that hilarious $2 billion request). Talk about a clearance sale.
But wait! XRP shot over $2.26 (that’s its “important resistance,” which I assume is crypto speak for “psychological milestone,” but hey, I still burn toast), and it’s closing the day ready to party. Ali Martinez, who has 137,000 followers on the bird site, says things are looking up for XRP. That’s right, the “SuperTrend Indicator” flashed a buy signal. For those keeping track at home, that’s one step below a Magic 8-Ball but still above astrology. 🔮
The SuperTrend indicator just flashed a buy signal for $XRP!
— Ali (@ali_charts) May 10, 2025
Chad Steingraber (and if you’re not following a Chad, what are you even doing online?) says XRP’s current market structure looks suspiciously like January. That time, Open Interest churned up nearly $5 billion and the price soared like it just found out free pizza was downstairs. Now? Open Interest is back at those levels. Get your popcorn. 🍿
XRP Open Interest building up to $4.6Billion.
It was last at this level back in January which then sent the price from $2.30 to $3.30 over the course of one week.
— Chad Steingraber (@ChadSteingraber) May 10, 2025
XRP, stop napping and join the party already. 🎉
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2025-05-10 18:58