Is XRP the New Titanic? 🚢💸

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So, XRP decided to throw a little weekend party, and guess what? The bulls showed up! 🎉 But let’s be real, after months of market drama, who wouldn’t want to cash out at a slightly higher price? It’s like finding a $5 bill in your winter coat—unexpected but totally welcome! However, this little uptick has only added more red to April’s already gloomy color palette. Seriously, it’s like the market is auditioning for a horror movie. 🎬

XRP’s April Outflows Cross $300 Million

According to the crystal ball at Coinglass, XRP has been on a rollercoaster of negative net flows this month. We’re talking more red days than a tomato farm in July! 🍅 Even the few green days have been so quiet, they could be mistaken for a library. With just 13 days into April, we’ve already seen over $300 million in outflows. That’s right, folks—more money is leaving than a bad date! 💔

Out of those 13 days, only four managed to end with a positive net flow, totaling a whopping $56.08 million in inflows. Meanwhile, the other nine days have been a total bummer, racking up $311 million in outflows by Sunday. Talk about a one-sided relationship! 😩

This ongoing outflow situation suggests that sellers are still running the show, which is why XRP’s price is playing hide and seek at the bottom of the pool. If this trend continues, we might be looking at a price crash that would make even the most seasoned investors clutch their pearls! 💸

But hold your horses! Compared to the last three months, April is actually taking it easy on the outflows. January and March were like the wild west, with $150 million outflow days, while April’s highest has been a mere $90 million. It’s like the difference between a rock concert and a quiet coffee shop. ☕

One More Dip Coming?

Despite a flicker of positive vibes among XRP investors, the bears are still lurking around, ready to pounce. 🐻 Crypto analyst Egrag Crypto, who’s basically the XRP cheerleader, thinks we might see another dip before the recovery party starts. But don’t worry, the long-term outlook is still looking like a sunny day at the beach! 🏖️

Egrag believes XRP could dip to $1.4, but he’s holding on tight. As for the potential highs? He’s got three price targets: $7.50, $13, and $27. It’s like a game of “how high can you go?” but with money instead of a pogo stick! 🎈

“I keep my eyes on the charts and my ears to the ground for the latest gossip that could shake things up,” Egrag Crypto said, probably while sipping a latte and scrolling through Twitter. ☕📱

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2025-04-14 10:17