The storm continues to rage on the crypto planet. Even the best-equipped ships struggle to stay on course. This time, it is XRP which takes the shock. Despite a torrent of prestigious announcements from Ripple – high-end, heavy – the token fell by 9% in one week. The Swell high mass was not enough to reassure. The crypto universe remains unpredictable, and technical signals are stormy. Behind the noise of conferences and fundraisers, some prefer to cash in their winnings. Massively.
In brief
- XRP falls despite Swell and announcements, confirming the tense climate shaking crypto.
- The profit made jumped by 240%, betraying massive sales despite the bullish context.
- Ripple raises 500 million, but the valuation seems to be mainly based on its XRP reserves.
- A technical death cross alerts analysts: indicators remain frankly bearish for XRP.
Profit-taking on XRP: when the party is in full swing… but behind the scenes
Since the end of September, the price of XRP has fallen from $3.09 to $2.30, a drop of almost 25%. So far, nothing crazy in the crypto universe. But what intrigues analysts is the shape of the decline: during this decline, profits exploded. According to Glassnode, the average volume of profit made jumped from $65 million to $220 million per daya jump of +240%. A counter-current trend.
The tweet from @glassnode is clear: “ Unlike previous profit-taking waves that coincided with bulls, since late September, when “.
This pattern signals a loss of adhesion, a psychological relaxation. And yet, Ripple has given everything: partnership announcements with Mastercard, acquisition of Palisade, $500 million raised with the cream of global investment. Even Nasdaq was there for the Swell. But the market seems to be waiting… for a sign of life.
The Ripple jackpot? Fundraising with a double reading
Ripple announced a fundraising of $500 million at a valuation of $40 billion. This jackpot, brought by giants like Citadel Securities, Galaxy Digital and Brevan Howard, marks one of the biggest financings of the year. On paper, everything seems perfect: Ripple is lining up acquisitions (Hidden Road, Palisade, Rail), developing its stablecoin RLUSD, and aiming to dominate the institutional crypto segment.
But a question emerges: what did these investors really buy? The article ofUnchained recalls that Ripple holds 34.76 billion XRP tokens, or more than $80 billion at the current price. The XRP Ledger generates less than $200,000 in monthly fees, according to the figures cited.
An anonymous investor interviewed by Unchained confides:
Ripple's equity probably isn't worth much on its own, certainly not $40 billion.
This comment, reported without filter, suggests that some are not buying a tech company, but privileged access to a strategic stock of tokens. In short: a financing operation… disguised as arbitration?
Crypto at half mast, XRP going against the tide: the signals are turning red
XRP is not alone in experiencing a sudden winter. Bitcoin suffered $946 million in outflows from institutional products. Monday, November 4, $578 million fled Bitcoin ETFs. However, some altcoins are doing well: Solana attracted $421 million, Ethereum more than $57 million, and XRP, despite its slide, $43.2 million. This positive flow, however, seems very fragile in the face of a worrying technical analysis.
The pattern of the moment is called death cross: the bearish crossing of the moving averages. As summarized by U.Today, XRP saw its 50-dma fall below the 200-dma, reinforcing a long-term bearish pattern. The RSI is flirting with 40, a sign of prolonged weakness. Resistance at $2.50 was violently rejected, with the market showing no signs of recovery.
The death cross signals a reversal in long-term momentum. Recent recovery attempts could be nothing more than simple market rebounds. The most likely path remains downward.
The figures that paint the current picture
- XRP at the time of writing: $2.31;
- +240% on the volume of profits made according to Glassnode;
- $500 million raised by Ripple at $40 billion in value;
- $43.2 million in inflows for XRP on institutional products;
- Death cross confirmed, RSI around 40.
The other news, which has passed under the radar, is worth the detour: Ripple has given up on going public. After its victory against the SEC, the path seemed open. And yet, the firm decided not to attempt the adventure of public markets. A strategic choice, revealing an uncertain climate. Will XRP be able to win back hearts without this symbolic step? Nothing is less certain.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
