Hold onto your wallets: XRP’s rollercoaster threatens $8M whale meltdown 🚨

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Meet XRP, the quirky little darling of the Ripple crew, tumbling like a toddler learning to walk. It slipped to $2.1533 and decided to break up with the 50-day moving average. Talk about a dramatic exit. 🎢

Over 36% of its glow-up this year has vanished faster than your hope for a staycation. XRP’s price has been serially declining for three days, hitting levels not seen since May 8 — basically its version of a bad hair day, but in crypto form.

The ongoing crypto soap opera has saddled some traders with losses bigger than their rent. One whale, who clearly didn’t read the ‘know your limits’ rule, is now down a staggering $2.6 million — all because he thought he could outsmart the market with a 3x leverage. Spoiler: he can’t.

He bought in at $2.3715, dreaming of riches, but if XRP drops to $1.3949, he’s toast. That’s about a 35% drop from where he stands now — talk about a bad day at the office. 😬

But wait, there’s more! That whale isn’t just riding XRP’s rollercoaster. Nope, he’s also holding Long positions on Ethereum (ETH), Solana (SOL), Hyperliquid (HYPE), Cardano (ADA), and Cosmos (ATOM). All swimming in a sea of unrealized losses — his weekly tab is over $8.4 million. Guess he’s got more money than sense? Or just a really bad poker face.

This week’s XRP plunge is not an isolated incident, oh no. Bitcoin, that one volatile ex, went from a record-breaking $111,900 to under $104,000 faster than you can say ‘buy the dip.’

The chaos was kicked off by a spicy social media post from Donald Trump, threatening a 50% tariff on European goodies. Classic Trump move — stir the pot, watch the markets tremble. The drama slowed down when he blinked and extended the deadline to July, but the market’s mood was already spoiled.

Then, Scott Bessent dropped the bombshell: US-China talks are stalling. Looks like only a Trump-Xi pow-wow can save the day now. Talk about a government soap opera! 📺

Meanwhile, traders are gearing up for June, famously one of the crypto industry’s worst months — basically the January of the crypto world. Buckle up, folks.

XRP price analysis: Will his trade be liquidated?

Feast your eyes on the chart below (not a pretty sight). Ripple’s price is on a downward spree, crashing below the 50-day moving average faster than your hopes during a bad breakup.

The MACD indicator, that trusty ol’ market mood tracker, is about to cross below zero — a sign things are about to get uglier. The Money Flow Index? Sliding down faster than your dignity at karaoke night. 🎤

If XRP dips down to $1.3949, the whale’s giant trade gets the liquidation memo. And if it falls below $2 or $1.6129, it’s game over — like losing your keycard on a Friday night. The $2 level is a hairy psychological barrier that lines up with an upward trendline, while $1.6129 was its lowest swing on April 7 — sigh.

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2025-05-31 14:35