Is XRP about to collapse faster than a vegan at a BBQ?
The idea “ XRP heading for 70% correction to 60 cents? ” was published at circa $2.90 after price action rallied almost 1000% throughout 2024. Price action continued to climb until $3.30 in the weeks ahead.
Naturally many took umbrage to any publisher who dared to suggest investors might do something as awful as, you know, sell after huge profits. Because making money is not the game, on no. Pledging your allegiance and unshakable faith is the true path to financial freedom. And if you believe that, I’ll tell you another... Trump and & Co. are taking up philanthropy.
The piffle from the congregation continues to entertain “Swift will be replaced by Ripple”, “Blackrock are going in big,”, “Why don’t you learn to read charts?”, every market top is the same. Liquid Euphoria.
The technical
A noteworthy development prints on the above weekly chart. A development that was fatal to any long investor who continued to ignore previous cycles. Once price action closed a candle body under the 50 week Simple Moving Average, the market dropped like a stone.
After the bearish divergence print in July (same strength as the bullish divergence print in March of 2020 at 14 cents) price action went on to break market structure. Bulls were unfazed by this development it would seem, but now a more serious development, the 50 week SMA breakdown.
Support and resistance is currently around 70 cents. Support never confirmed following the breakout. Previous collapses in price action align nicely with a 70% correction that would take price action back to the breakout should that correction strength repeat.
Conclusions
XRP has done it again, fooled the faithful into thinking this time it’s different. “Institutional money’s coming,” “the banks are loading up,” “Swift is finished!” Yeah, sure. And I’m the next Pope.
Look, I get it, every cycle needs its pantomime hero. However this isn’t a revolution; it’s déjà vu in high definition. The chart above doesn’t lie, the same structure, the same signals, and now the same 50-week breakdown that’s historically ended in tears. It’s not witchcraft, it’s statistics: Close below the 50-week SMA? → -60% to -80% every single time. RSI? Rolling over like a fainting goat. Support? Never confirmed. It’s all right there, hiding in plain sight while influencers keep shouting “bullish!” from their YouTube mansions.
Could it bounce? Sure. Dead cats do that too. But when every lower high is accompanied by louder noise and weaker conviction, you’ve got yourself less of an “investment” and more of a live action psychology experiment.
So, is XRP on death’s door?
Let’s just say it’s knocking politely and the door’s already open.
Ww
Disclaimer
This isn’t financial advice. Obviously. If you’re basing your investment strategy on what some bloke on the internet with access to a TradingView account says, you deserve whatever cinematic tragedy comes next.
I don’t work for Ripple, I don’t hate Ripple, and I definitely don’t think Ripple’s going to replace Swift, unless Swift suddenly stops working and forgets how to money. So, do your own research, manage your own risk, and for the love of all things holy, stop confusing hopium with a business model.
If XRP moons, great, tell me all about it while I pretend to care. If it crashes 80%, well… don’t say the moving averages didn’t warn you.