XRP at a Crossroads: Is a Major Correction Looming in 2025?
Ripple's XRP faces its make-or-break moment as technical indicators flash warning signs. The digital asset—once a darling of institutional crypto plays—now dances on the knife's edge of a 30% retracement.
Charts Don't Lie (Until They Do)
Descending triangles and weakening volume suggest traders are losing patience with XRP's sideways action. The 200-day moving average just got violated like a sleepy SEC regulation.
Whale Watching Season
On-chain data reveals mega-holders quietly shifting positions—usually a prelude to either a massive pump or a coordinated dump. Given Wall Street's current 'risk-off' mood, smart money's betting on the latter.
The Cynic's Take
Another day, another crypto 'correction' that somehow always benefits hedge funds with perfectly timed short positions. How convenient.
XRP either bounces hard here or becomes 2025's most painful 'hold the line' meme. Place your bets.
Will XRP Enter Correction Phase?
According to the latest ETH data from Coinglass, ethereum sell orders have spiked this week, suggesting a price decline for ETH. The firm noted that the “market may be facing selling pressure,” and leading cryptocurrencies could experience a slump this week. The development also indicates that Ripple’s XRP could face a correction and turn red in the charts.
In addition, call strike options for XRP were placed at $3 and $3.50 early this month in the derivatives market. Now that Ripple’s token has reached the target, the options are being sold in the broader sector. However, they expire in September, but most of the holders are jumping ship with the gains. This adds to XRP’s correction phase, pushing it towards the path of a decline.
Long positions in XRP are a risky affair now until the correction period is over. However, once the leading altcoin bottoms out in price, accumulating it below the $2.70 mark is advisable. Another rally could be on the cards as institutional clients have gone bullish on Bitcoin. The development WOULD make other cryptocurrencies surge in value and hit new yearly highs.
