Oh, dearie me! Gather ’round, children, because the world of XRP is as thrilling as a ride on a roller coaster during a thunderstorm! Just last week, the infamous US Securities and Exchange Commission—yes, the very same folks who wear serious faces and read the law like bedtime stories—decided to drop their four-year-long case against Ripple, like a hot potato! Not surprising that the demand for XRP soared faster than a hedgehog fleeing a hungry fox, shooting up over 13% to hit a whopping $2.60 on March 20. But hold your horses! In a classic twist, it has since taken a little nap and is now lounging at a cozy $2.39. What a diva! 😏
Monthly Close: A Hint of a Magical Upswing!
Enter our hero, the mystical analyst Egrag Crypto, who peeks into the magical world of price action and Fibonacci retracement levels. 🧙♂️ In a dazzling post on March 21, our seer proclaimed that XRP has been closing above the Fib. 1.0 level like a contestant winning a game show for three months straight. Full body candles, he says! Quite the robust little candles that scream resilience. Compared to mere wick formations, they’re like the king of the candle kingdom!
With such sheer bravado, Egrag predicts XRP might soon moonwalk up to Fib 1.236, where it faces no resistance—cue the confetti! 🎉 But wait, there’s more! There are whispers of XRP climbing up to Fib Circle 5 and Fib 1.414, which means a dreamy price range of $5 to $6. Fasten your seatbelts, dear friends!
If our dear XRP navigates the Fibonacci seas well, it may even peek at Fib 1.618, hinting at a breathtaking price target of $9 to $10! Oh, but be warned, timing is as crucial as finding your left shoe when you’re rushing out the door! If the price shenanigans happen before May, we might just see a correction. But summer 2025? That could signal the end of the party! 🥳
A Peek at the XRP Market Circus!
The XRP circus is very much alive and well! Coincodex says the sentiment is as neutral as a cat who’s just seen a ghost. But there’s hope glittering on the horizon! Ripple’s big cheese, Brad Garlinghouse (a name that rolls off the tongue, doesn’t it?), is all smiles over a possible XRP Spot ETF—maybe even before 2025 takes a bow!
And as of this very moment, XRP is trading at a modest $2.38, with a teeny price loss of 1.43%. Despite the recent price rises, the asset’s daily trading volume has taken a nosedive by 31.64%. Oh dear! Can someone pass the chocolate? 🍫
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2025-03-23 05:48