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XRP’s Bday Bash Gets a Sinister Kawaii Dip as Ripple Hits 4-Month Low πŸ–€πŸ•ΈοΈβœ¨

XRP’s Bday Bash Gets a Sinister Kawaii Dip as Ripple Hits 4-Month Low πŸ–€πŸ•ΈοΈβœ¨

XRP just slipped into another dark dip hitting a multi-month low at $1.20 while the whole market spirals into chaos πŸ–€πŸ’€ and it hits extra hard since today marks its spooky 14th birthday.

XRPUSD June 2. Source: TradingView
XRPUSD June 2. Source: TradingView

Last time it kissed these lows was that quick february scare down near $1.10 otherwise it stayed above $1.30 since before the 2024 elections.
Multiple breakout attempts between $1.50 and $1.60 got rejected lately with the mid-may push to $1.55 fading fast into more downside.
This fresh drop already triggered $30 million in leveraged liquidations and shaved billions off its market cap pushing USDC ahead as the fifth biggest by that measure.
XRP now sits below $75 billion after hovering over $85 billion just days ago.
Today also celebrates the day in 2012 when 100 billion tokens first came to life courtesy of ripple co-founder arthur britto alongside david schwartz and jed mccaleb from their 2011 beginnings.
Ali martinez chimed in on the latest moves and predicted further descent toward $1.14 once it broke a rising trendline symmetrical triangle.


Just another echo from the void by iconofsin.eth πŸ’–


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