Ah, my dear spectators of this grand farce called crypto, behold Peter Brandt, that seasoned jester of the markets, foretelling a bearish comedy for XRP in the midterm act! He spies a descending triangle, plotting to tumble our beloved token to a lowly $2.68 stage. 😂 How droll, how utterly expected in this theater of follies!
Drawing from the dusty scrolls of history, Brandt quips that should this support fail-oh, the tragedy!-XRP might swoon to $2.22, like a lovesick valet betrayed. And lo, the weekly charts display a bearish divergence on the RSI, as if the indicator itself is winking sarcastically at our doomed hopes. 😏
Why Doth XRP Price Plummeth Today? A Satirical Serenade
The Rising Tide of Exchanges’ Supply: Whales Flee the Stage!
Mark ye, the supply of XRP upon the grand exchanges hath swelled like a comedian’s belly from too much wine! Glassnode’s on-chain chronicles reveal over 320 million XRP deposited in seven days, inflating their net hoard to nigh 3.8 billion. 📈 Meanwhile, the whales, those pompous lords of liquidity, have vanished like mist before the sun, their demand dwindled. Sarcasm aside, it’s a supply-side farce! 😂
Alas, the demand from whale investors falters against this glut, as if the ocean’s bounty be cursed to overflow the deepest vaults. What irony, what splendid folly!
The Liquidation of Long Traders: A Squeeze Most Uncomfortable
Our XRP hart hath been wounded by the liquidation slaughter of long traders, those optimistic fools! Levered liquidations soared over $23 million in a mere 24 hours, with longs bearing $21 million of the brunt-like a ballet where the dancers trip over their own capes. 😏 Hence, the specter of a long squeeze doth heighten the midterm bearish masque for XRP. Bravo, financial comedy at its peak!
The odds favor this squeeze, turning bullish dreams into bearish nightmares. Ah, the whims of fate!
Rising Community FUD: Impatience Spurs the Sell-Off!
On this fateful Tuesday, Santiment, that oracle of market whispers, declares the XRP flock grows restless-impatience breweth like a witch’s potion! With FUD-fear, uncertainty, and doubt, quelle surprise-selling orders erupt like fireworks at a bourgeois ball. 📉
Yet, Santiment jests that XRP hath danced wonderfully post-FUD, and vice versa. A cycle comedic, where fear begets fortune, and hope turns to haste. In this eternal farce, who knows what fable unfolds next? 😂
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2025-10-08 01:35