The XRP price, like a weary traveler, has stumbled for three days under the weight of crypto’s fading charm, while Ripple USD’s metrics spiral into a melodrama worthy of a Tolstoy novel.
- The XRP price, once a proud stallion, now limps with double-digit losses, its gait as graceful as a lead balloon at a black-tie gala. 💸
- Ripple USD’s transaction volume, once a bustling marketplace, now slumbers at $3.4 billion-a 85% drop that would make a Saharan salesman weep. 🛑
- Yet, amid the chaos, XRP whispers of bullish patterns: a falling wedge, a divergence, and an inverse head-and-shoulders formation. One might call it crypto’s version of a phoenix… if phoenixes wore crypto brochains. 🦜
Ripple (XRP) token, now priced at $1.8800, has returned to levels last seen on Dec. 19, a date that now feels like a century ago. It’s currently trading at half its yearly peak, a performance that could double as a Bitcoin clone’s midlife crisis. 🐘
As XRP’s value plummets, so too does the vigor of the Ripple USD (RLUSD) network. Artemis’ data reveals RLUSD’s supply has swelled by 16.5% in 30 days to $1.4 billion, while its transaction volume collapsed by 85%. A network so dead, even the ghosts have left. 👻
Transactions? They’ve dwindled to 375,000, a 30% plunge, and RLUSD addresses? A mere 5,000, down 27%. One might say it’s the quiet before the storm… or perhaps the storm before the quiet. 🌀
But fear not! RLUSD’s volume may yet rise like a phoenix from the ashes when it launches on Optimism, Base, and Unichain-assuming Wormhole (W) doesn’t trip over its own code. 🐛
American investors, ever the optimists, continue to hoard XRP ETFs, splashing $43 million on Monday alone. Their cumulative inflows now hit $1.12 billion, with Canary, 21Shares, and Bitwise leading the charge like crypto’s very own Musketeers. 🏹
These funds now hold $1.25 billion in assets, a fortress of greed that’s never seen a red day since November’s approval. If only their discipline could match their balance sheets. 💰
XRP price technical analysis
The daily chart paints a portrait of despair: XRP’s journey from $3.65 to $1.8670 reads like a tragic epic. Yet, amid the gloom, a falling wedge tightens its grip, hinting at a breakout that could rival a Russian winter’s thaw. ❄️🔥
A bullish divergence blooms as the Percentage Price Oscillator rises like a defiant soul, while the inverse head-and-shoulders pattern leans toward a $2 rebound. Bulls, ever the romantics, dream of $2.50. Whether they’ll succeed? Only time-and perhaps a few more coffee-fueled all-nighters-will tell. ☕
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2025-12-23 22:11