The post Moon or Doom: XRP Market Flips Bearish—Is It Over? appeared on BitcoinEthereumNews.com.

In brief The odds on the Myriad market for “XRP’s next hit” have shifted dramatically. The bears have taken over as the price of XRP dips below critical levels. Can XRP regain support, or will bears send the Ripple-linked token back down to $2? What a difference a week has made for XRP. Just last week, it looked like the stars were aligning for members of the XRP Army. The Ripple-linked token had just come off an all-time high price of $3.65—a record that had stood for eight long years—and the bullish vibes were back. Now? Not so much. On Myriad, a prediction market created by Decrypt’s parent company Dastan, users last week placed the odds of XRP hitting $4 at 66%. Fast forward to today, and those odds have collapsed to a coin flip: 51% for the “moon” scenario of $4, and 49% for the “doom” outcome of $2. Those odds are slightly better than they were yesterday when bears had decisively flipped the mood and priced the $2 scenario at 61%. Either way, it’s a fairly stunning reversal in sentiment.  What explains the change? Let’s take a look at the charts: XRP price: A breakdown that changes everything XRP price action today tells the story. The coin opened at $2.9507, tried to break past the psychologically significant $3 level, then rolled over hard to hit lows of $2.8735. It has since settled to around $2.8963. That’s a 1.84% decline that makes things hard for the moon boys who only want number to go up forever. Looking at the daily chart, the price of XRP has done something that many traders would find alarming: the current price has broken below the average price of the last 50 days. Exponential moving averages, or EMAs, provide traders with a gauge…

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Filed under: News - @ August 22, 2025 12:25 am