XRP’s Plunge: Is Your Wallet Weeping? 😭

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Dash it all, it appears the market has decided a bit of a cough and splutter is in order. CoinStats, those terribly reliable chaps, report that most of the top ten coins are having a bit of a lie-down. A correction, they call it.Sounds rather unpleasant, don’t you think?

XRP/USD

Now, XRP, that rather spirited digital asset, has taken a bit of a tumble, falling 1.17% since yesterday. Honestly, one wouldn’t have thought such a thing possible, but there it is. The world is full of disappointments, isn’t it?

Looking at the hourly chart – a terribly complicated affair, full of lines and squiggles – one notices the price of XRP is attempting to brazenly ignore the support at $3.4115. Should the daily bar close below that level (and one suspects it might, the rotters!), we could be seeing prices heading south toward the $3.35 mark with alarming speed. 😱

On a larger scale, XRP appears to have attempted a breakout of the $3.5495 resistance, only to find it a bit too robust for its liking. A false breakout, they call it. Rather like promising someone a jolly good picnic and then serving them cold toast. Disappointing!

If the bulls – those optimistic chaps – fail to muster any enthusiasm, we may witness a test of the $3-$3.20 zone in the next few days. One shudders to think.

From a midterm perspective—a frightfully important one, naturally—one should keep a keen eye on how the price closes around $3.40. A closure below this level, accompanied by a particularly long wick (whatever that may be), suggests the sellers are back in charge, and we could be looking at a correction to the $3 mark. A state of affairs that would be most inconvenient.

At the time of writing, XRP is trading at $3.399. A figure that, frankly, doesn’t inspire a great deal of confidence. 🧐

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2025-07-19 15:27