The Fall of XRP and XLM: A Tragic Tale in Crypto, or Just Another Digital Comedy? 😂

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Ah, the cryptocurrency market, that grand bazaar of hopes and dreams, stands awash in a tide of merciless realities this week. With a palpable shift into a reticent risk-off mode, both XRP and XLM now find themselves caught in a harrowing vise of despair. How swiftly the bloom fades! Once promising breakout attempts have receded, succumbing to a deluge of heavy selling. It appears that Bitcoin‘s dominance is now a tyrant, lording over us with liquidations raining down like a merciless storm, leaving most altcoins to dangle precariously on the edge of the abyss.

As we delve into this melodrama, allow me to guide you through the calamities that have precipitated XRP’s unfortunate tumble below the $2.90 mark, alongside the plight of Stellar’s XLM, which is desperately clinging to the noble $0.38. Which fate lies ahead: a stomach-churning plunge or the faintest glimmer of stability?

XRP Price Analysis

Once a veritable phoenix, XRP’s bullish flight has been curtailed with an abruptness that leaves one gasping in disbelief. Today marks a wretched 3.55% descent, and a week that witnessed a 2.77% loss. Presently, XRP flails about in the murky depths of $2.86-its recent voyage interrupted by the ominous signals of a bearish pattern, a harbinger of trend exhaustion. Is the cryptocurrency’s optimism now but a distant memory?


Now, let us turn our gaze to the 100-day EMA, that noble line of defense now resting at $2.85. If it falters and a daily close beneath this threshold occurs, we may witness XRP plunging toward the dismal fate of $2.72, the sorrowful July swing low, perhaps even descending into the abyss near $2.63. Oh, the heartache!

Momentum indicators deliver whispers of persistently dismal prospects. An RSI that languishes at 44.63, a state well above oversold territory, signals that the gloom may not yet lift, with more downward spirals anticipated before the brave dip-buyers dare to return. And, let us not overlook the prick of psychological affliction: BNB has presided over XRP, usurping its place as the illustrious third-largest cryptocurrency by market cap. How the mighty have fallen!

Yet, in this pit of despair, should the bulls muster their strength, they require a decisive ascent above $2.90-nay, they must conquer the coveted $3.00, to rekindle hope and shift sentiments back to their favor. A resolute hold above $2.85 on a daily close is paramount; otherwise, deeper losses await like ravenous wolves lurking in the shadows.

XLM Price Analysis

And now let us turn to the tale of Stellar’s XLM, which has not escaped the clutches of this malaise. Fret not, dear reader! One may chuckle at the sight, for XLM has mirrored the market’s whims, sliding 4.77% today while remaining stagnant for the week at $0.382. The brief euphoria of the October 6 rally has been cast aside, as sellers entered the fray with unrelenting fervor.


Technically speaking, XLM wears the pallor of weakness. It has slipped beneath both the 7-day SMA at $0.399 and the 30-day SMA at $0.384, suggesting a lamentable retreat of buyers. The RSI, now at 46.88, affirms this waning momentum, reminiscent of a jester’s bowing exit from a stage bereft of laughter. The MACD histogram, barely positive, hints that any remaining bullish vigor is evaporating faster than your last cup of coffee on a Monday morning.

Losing the $0.392 pivot area-a vital barometer of short-term sentiment-has officially flung open the door to further afflictions. Should XLM falter in defending the mockingly precarious $0.38, the next target lies at $0.36, that dismal territory once braved in late September.

For Stellar to reclaim its footing, it must seize the elusive $0.392 and close above the 30-day SMA. Until that audacious moment arrives, cautious vigilance is the order of the day for traders. Beware, for the crypto winds are treacherous!

FAQs

Why did XRP break below $2.90, and is there support nearby?

The 100-day EMA at $2.85 stands as the nearest key support, though one might ponder its true might.

What’s causing XLM’s latest selloff?

XLM’s price has slipped beneath the $0.392 pivot, falling victim to rising Bitcoin dominance and fervent profit-taking. Who knew profits were so insatiable?

What should traders watch for both XRP and XLM in the coming days?

XRP must muster the will to hold $2.85 and reclaim $2.90, while XLM needs to rally to defend $0.38 and retake $0.392. Ah, the delicate dance continues!

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2025-10-08 14:53