TL;DR
- Ripple, ever the mercurial wanderer, finds itself at $2.6—the first such ascent since March’s thaw.
- A whale, emboldened by a suspiciously flame-kissed track record, wagered nearly $12 million on a long position, doubtless hoping fortune favors the outrageously bold.
News from CryptoPotato, that tireless chronicler of digital drama, mourned only yesterday that XRP had lagged behind its more flamboyant kin, ETH and DOGE—whose recent performances would doubtless leave even Gogol’s idle provincial officers in stunned silence.
In that dusky hour, XRP hovered shyly near $2.4, suffering a mere 9% rise—a pitiful blush when compared to its rabid companions. Yet, with almost tragic inevitability, the SuperTrend indicator suggested that the coin’s languor might end, hinting at $2.6. Would destiny be so kind? Indeed, not an hour passed before XRP stumbled triumphantly past $2.67 on Bitstamp, awakening from her spring nap.
This modest 10% daily pirouette elevated XRP to the giddy echelons of the third-largest cryptocurrency—a title she shares at dances with the ever-fickle USDT, while volatility, like an over-caffeinated aunt, refuses to leave the floor.
It’s worth a knowing smirk that this euphoria arrived mere hours after the omniscient Lookonchain observed that our heroic whale (part gambler, part mathematician, part possible sleepwalker) plunged into a $12 million 2x long on XRP. This same aquatic investor had earlier risked all on ETH, now basking in an unrealized $10 million gain—proof, perhaps, that some were born under luckier stars, or simply have less to lose.
The whale, that enigmatic financier, charged heroically into $ETH as its rally began and purportedly lounges atop an unrealized profit exceeding $10 million.
He—or perhaps, It—initiated a fresh 2x long on $XRP eight hours past, committing nearly $12 million with a dainty $261K of unrealized profit. Ah, the joys of betting what others might call a life’s work.
— Lookonchain (@lookonchain) May 12, 2025
Not to be outdone, the XRP faithful sounded their horns and readied their lances: the next target, a gaudy $3, beckons! Will the herd charge forth, or glance nervously over their shoulders as the $2.6 resistance looms? The saga continues, with all the gravitas of a countryside duel over a dinner invitation.
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2025-05-12 18:21