XRP: Will It Bounce Back? 🚀

Oh dear. It appears XRP has decided to take a little vacation downwards. Four days of slipping and sliding, you see. Seems the recent crypto excitement got a bit…tired. A bit like a dwarf after a particularly enthusiastic Morris dancing session. 🙄

As of Friday, January 9th (yes, we know what day it is, thank you very much), XRP was wallowing at $2.09. That’s a nearly 15% drop from its high point this year. A rather undignified tumble, wouldn’t you say? Observe the tragedy below.

But don’t despair! (Unless you’re the sort who enjoys despair, in which case, carry on). Hints of a rebound are appearing, like a very shy goblin at a party. It all hinges on those pesky technicalities and, crucially, an increasing fondness for stablecoins.

Stablecoin Growth: Suddenly Popular!

Apparently, the XRP Ledger is becoming a bit of a haven for stablecoins. DeFi Llama, a source of information we’ve learned to trust (mostly), reports a 33% jump in the last week, pushing the total supply over $406 million. Which is quite a lot of…well, stable stuff. Compared to $93 million this time last year, it’s like going from a single teacup to a rather ambitious tea party. 🍵

Leading the charge is Ripple USD (RLUSD), which seems to have sprouted by 42% in the last 30 days, hitting $332 million. Other contenders include OpenEden Tbill, USD Coin, and EURQ. Stablecoins, you see, are the reliable sort. Backed by actual money. At least, that’s what they tell us.

There’s currently over $308 billion worth of these things swirling around the crypto world. A truly staggering amount, enough to buy a very large number of slightly used castles.

Ripple USD launched in December 2024, and has quickly become the size of a small country’s economy (give or take a few denominations) with a total supply of $1.4 billion. Most of it lives on Ethereum, which, naturally, considers itself superior. Expect it to spread to other networks soon; it’s all about global domination, you know.

And yes, American investors are fiddling with their XRP ETFs. $8.7 million flowed in on Thursday, after they’d spent a less enthusiastic $40 million the day before. Total inflows are now a respectable $1.21 billion, with total assets at $1.49 billion. It’s a bit like watching someone try to fill a very large bucket with a teaspoon.

Technical Analysis: Lines and More Lines

The experts (people with rulers and complicated software) have been peering at charts. (They always peer at charts.) It appears XRP dipped from a giddy $2.4153 on January 6th to a more subdued $2.09 by Friday. Shocker. I know.

On the bright side (there’s always a bright side, even in Discworld), it’s still above the 50-day Exponential Moving Average, which is apparently a good thing. It’s also above something called the Supertrend indicator. Which sounds…super. 🦸

The charts also suggest a “falling wedge pattern,” which, according to the experts, is a sign of a potential comeback. So, expect a rebound! Possibly back to $2.4153. A 15% increase. And if it breaks through that barrier… well, hold onto your hats, because $3 is in sight. That’s 42% better than where we are now. All highly speculative, of course. Don’t come crying to us if it all goes pear-shaped. 🍐

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2026-01-10 03:15