So, here we are again. XRP is down 2% today and nearly 9% over the past week. It’s like that friend who keeps saying, “I’ll pay you back next week,” but next week never comes. The SEC lawsuit against Ripple? Yeah, that’s a real nail-biter. And let’s not even get started on that $50 million settlement. What a mess! Meanwhile, Bitcoin is just sitting there, consolidating like it’s at a yoga retreat, leaving traders scratching their heads. 🧘♂️
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XRP price forecast
So, XRP is hanging out under the $2.36 level, which used to be its safe space. Now, it’s like a bad breakup. The technical indicators? They’re not looking good. RSI and MACD are giving off some serious “stay away” vibes. 😬
Right now, XRP is 7.33% above its key support at $2.0350. It’s like standing on the edge of a cliff, looking down at the 23.6% Fibonacci retracement. A 14% rally could see XRP test resistance at $2.5067. But let’s be real, that’s a big “if.”
On the flip side, a 7.33% decline could send XRP to collect liquidity at $2.0350. If it gathers momentum, maybe, just maybe, it can recover. But who are we kidding? The weekly price chart is sending mixed signals like a bad relationship. RSI is neutral, and MACD is flashing red. It’s like a traffic light that just won’t change. 🚦
XRP on-chain analysis
According to Santiment, smaller XRP holders are accumulating like they’re stocking up for a zombie apocalypse. Meanwhile, the big wallets are shedding their tokens like they’re going out of style. Not exactly a bullish sign, folks. If the little guys can absorb the selling pressure, maybe XRP won’t crash and burn. But that’s a big “maybe.”
Active addresses? Yeah, they’re about as lively as a funeral. The activity is below average, and while the number of holders is increasing, the selling pressure is piling up. It’s like a game of musical chairs, and everyone’s about to lose. 🎶
The Skull of Satoshi and XRP’s relationship with Bitcoin
Ripple CEO Brad Garlinghouse is out here donating “the Skull of Satoshi” to the Bitcoin community. It’s an 11-foot-tall art piece that’s supposed to critique Bitcoin’s energy usage. Now it’s just a trophy for Bitcoin’s staying power. Talk about a plot twist! 🎭
Garlinghouse thinks Bitcoin and XRP have more in common than we think. Sure, buddy, keep telling yourself that. It’s like saying cats and dogs are the same because they both have four legs. 🐱🐶
The Skull of Satoshi was originally built to call attention to blockchain energy usage, and today it’s a symbol and reminder of Bitcoin’s incredible staying power to many around the world (including me!).
As crypto and blockchain technologies become widely used, respected and…
— Brad Garlinghouse (@bgarlinghouse) May 28, 2025
Derivatives traders bet on XRP rally
Traders on Binance and OKX are placing more bullish bets on XRP than bearish ones. It’s like they’re betting on a horse that keeps losing. The long/short ratio is 3.33 on Binance and 2.43 on OKX. But hey, who doesn’t love a good gamble? 🎲
Corporate giant’s $121 million XRP bet
VivoPower International PLC is making a $121 million bet on XRP. They’re launching an XRP-focused digital asset treasury strategy. It’s like they’re trying to catch a falling knife. Good luck with that! 🔪
While everyone else is buying Bitcoin, VivoPower is going all in on XRP. It’s a bold move, Cotton. Let’s see if it pays off!
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2025-05-30 16:53