Verily, XRP, that most vexing of cryptocurrency progeny, doth ascend by over 3%, its stalwart resilience preventing it from descending beneath the ignoble sum of $2. Alas, the coin hath battled tempests of volatility and broader market fluctuations, striving valiantly to reclaim the lofty $3 level. One might say it is as though the very winds of fortune are whispering, “Not yet, dear XRP, not yet.” 🌬️💸
Can XRP overcome volume hurdle?
Despite its stalwart efforts, the XRP price hath dipped by 24.02% and 3.89% in the last 30 days and seven days, respectively. The coin hath managed to evade the troubled zone through sustained buying, yet the volume count remainth but a meager trickle, insufficient to stoke upward price movement. One might liken it to a candle in a gale-valiant, yet easily extinguished. 🕯️🌬️
To record progress, XRP must overcome its low trading volume as October enters its final two weeks. As of this writing, XRP volume is deep in the red zone by 49.72% at $4.69 billion. A most lamentable state, if ever there was one. 📉💸
Despite the technical rebounds and Ripple’s $1 billion treasury plans, market participants remain cautious. This is because the optimism expressed by futures traders saw $1.98 billion in open interest wiped out. A most tragicomical turn of events, akin to a ballroom dance where the lead dancer trips over their own feet. 🕺💥
As per the report, Ripple is leading an effort to raise a minimum of $1 billion through a special purpose acquisition company, SPAC. The goal is to use the funds to accumulate XRP as a digital asset treasury. The move could support the price as demand surges for XRP. One might say it is a most cunning stratagem, though I daresay the market shall judge. 🧠💰
For now, XRP holders are reducing their speculative trades. Regardless, the price outlook holds promise for the asset. At press time, XRP changed hands at $2.38, which represents a 4.27% increase in the last 24 hours. The coin hath gained over 10 cents as it climbed from a low of $2.24 to its current levels. A most encouraging sign, though one must wonder if the journey to $3 shall be as smooth as a well-polished dance floor. 💃🕺
XRP price headed to $3
To witness significant price growth on XRP, ecosystem bulls need to fully activate and engage the asset. With volume down by almost 50%, institutional efforts alone might not ignite sustainable prices in the market. One might say that the bulls are as timid as a mouse in a room full of cats. 🐱🐭
If XRP’s rebound effort is sustained, it could act as a trigger that pulls investors back to trading the coin. Market participants need to see stability to throw off caution, particularly as geopolitical tensions continue to impact the crypto sector. A most precarious situation, akin to a tightrope walker balancing on a thread. 🪢🌀
The next couple of days will reveal how XRP’s price fares as it tries to reclaim the $3 level. Let us hope the winds of fortune are more benevolent than the last. 🌈🔮
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2025-10-18 18:56