Key Takeaways
So apparently, XRP is about to do a face-plant because of a triangle pattern. No further explanation needed-trust me, it’s bad news!
XRP, at this very moment, is showing signs that “sell now, buy never” is the new mantra across the spot market. Oh, and the Network Value to Transactions? Skyrocketed! 🚀
Combine all this, and you’ve got an existential crisis for XRP fans. Hold my coffee!
Don’t even get me started on the price trend-it’s as bearish as a bear playing Whac-A-Mole. We’re talking about an imminent downward breakout due to some mystical “descending triangle formation.” Clearly, XRP is staring at the abyss, but we all know they just keep staring.
Oh, and the rest of the market isn’t laughing either. Bitcoin? Sure, it’s been clawing its way up. Ethereum? Waitin’ for the green light like it’s at a crazy traffic jam.
According to AMBCrypto’s deep and insightful analysis (clearly their area of expertise), spot taker CVD and NVT ratio also think XRP is partying in the wrong direction. What about the other metrics, you ask? Let’s find out!
Is XRP about to take a nosedive?
Chill, buckaroos, but a spike in dormant circulation happened just when XRP hit a little bump. Enter 01 September, where XRP took a mini plunge to $2.6975. Drama!
When tokens start dancing out of owner’s accounts, holds on to your hats-we’re heading for sell city. The mean coin age, which was high and mighty in August, abruptly drops, wobbling like a drunk dancer. Should anyone be worried? I think we know the answer.
The MVRV? Don’t blame me, the 90-day holders are getting a bit of an adjustment in the wallet. Though not as disastrous as April, it’s no laughing matter if mean coin age wants to stand tall again over the next couple of weeks. Hold tight for a potential “buy low” moment.
And just to rub it in, XRP exchange reserves shot through the roof like a rocket with no return ticket. Yeah, the dormant circulation’s red flag was not a fluke. In fact, it’s more accurate than a dart thrown by a blind man in a bar, with exchange reserves hitting highs we haven’t seen since La La Land.
So, XRP traders and investors, better strap in because September is looking pretty bleak. Dreaming of recovery? You’re in for a long journey. Reaching $3 again? We’ll be here with comfortable seats and snacks. 🍿
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2025-09-05 10:02