XRP Plummets: Is It Time to Panic or Just Another Disco Dip? 🕺💸

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On the fateful day of Sept. 19, XRP decided to take a nosedive to $3, mere hours after its brief flirtation with $3.10 for the second time that week. One so-called “analyst” (read: tea-leaf reader with a spreadsheet) claims the poor thing is heading for a “deeper correction,” with charts pointing to a potential low near $2.90. 🧙‍♂️📉

XRP Takes a Tumble Despite Good News (Because Why Not?)

Just a day after its $3.10 high-five, XRP tripped over its own ledger, shedding 3.8% of its value like a crypto version of a bad hair day. 🌪️💇‍♂️ While it mirrored the wider crypto market’s mood swings, XRP seems to have missed the memo on its own good news. ETFs? Launched. Tokenized assets? Unveiled. Headlines? Dominated. Yet, here we are. 🤷‍♂️

Among the highlights: the launch of the first U.S. XRP ETF (because who doesn’t love an ETF?), Grayscale’s multi-asset ETP (fancy!), and Ripple’s tokenized asset framework with DBS and Franklin Templeton (big names, bigger egos). 🏦✨ Yet, XRP’s 24-hour losses wiped out its weekly gains faster than a Discworld wizard’s spell goes wrong. 💥

This has left experts scratching their heads like a troll with a calculator, wondering if XRP will ever see another all-time high before the year’s out. Crypto analyst Casitrades (yes, that’s a real name) warns of a “deeper correction” after XRP failed to hit a new local high. Apparently, the charts are whispering about a low near $2.90. 📊🤖 “The pattern is setting up an ABC with C-wave targets in the low $2.90s, specifically around $2.92 – $2.94,” Casitrades said, probably while stroking a cat. 🐱

Technical Gibberish and Price Outlook

To back this up, the analyst points to one-hour and four-hour timeframes, which are “not yet seeing bullish divergence” (translation: no unicorns in sight). 🦄✖️ “That points to another wave lower into the $2.90 support zone,” they conclude. However, on the 15-minute timeframe (because why not?), there’s a bullish divergence, which Casitrades calls a “short-term reaction from $3.00.” But without confirmation on higher timeframes, $2.90 seems more likely. 🤔

In true Pratchett fashion, XRP is now at a “critical moment” (read: standing on a cliff edge with a banana peel underfoot). 🍌🌋 “If it can defend $2.98, we might see consolidation and a move back to resistance levels ($3.25/$3.44). But if that fails, $2.92-$2.94 will be the zone to watch for a rebound,” Casitrades added, probably while sipping tea. ☕

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2025-09-19 21:42