🥴 XRP’s Wild Ride: What to Make of the Market Mayhem?

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So, on August 30, Coinglass, which is basically my morning coffee read, showed how the XRP market is flaring up again. Volatility at its finest. 🙃

The trading volume just shot up by a “not insignificant” 30.36% to $9 billion, while the open interest crept up by a mere 3.03% to $7.99 billion. It’s like watching my dog trying to find the ball, but only finding it one out of ten times. Go figure.

Options trading, which is my favorite way to lose money, took a slight dip of 1.54% to $3.74K. But guess what? The open interest climbed a whopping 20.56% to $1.24 million. What does that mean? Brackets me.

XRP price in trouble

Let’s talk about XRP. This token is having a real rollercoaster ride. The market is as stable as my relationship with technology. The three-hour chart screams instability with its Bollinger Bands now more stretched than my yoga pants. Prices have already hit the lower band at $2.85. Can it get any worse?

It all went downhill when it slipped below the $3 mark. It’s like watching my flight being delayed for the third time. Traders dumped it faster than I dump my oat milk Latte when it goes bad. Long story short, the mood is as gloomy as my neighbor’s view next door.

I post what I see. I assume strong opinions always weakly held. I am wrong as often as I am right. If you’re offended by my charts, then that’s on you. The chart of XRP is potentially very negative.

– @PeterLBrandt on August 29, 2025

And here comes the plot twist. Peter Brandt (who apparently knows about these things) sees a descending triangle. Which, according to him, predicts doom. You know, like when I know I should’ve worn shorts instead of jeans in July. If the support levels crumble like my commitment to my resolutions, we might be in for more fun.

🥴 XRP’s Wild Ride: What to Make of the Market Mayhem?

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2025-08-30 15:50