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The XRP price dropped by 3% to reach $ 2.76 in the last 24 hours despite an investment commitment of $ 17 million from the Japanese game giant and the Gumi blockchain and as Litecoin made it mocked with “rotten egg token”.
Gumi, registered on the Tokyo Stock Exchange, said that it planned to finish XRP purchases by February as part of its web3 expansion. Supported by its main shareholder SBI Holdings, the company will integrate XRP into its cash strategy alongside Bitcoin.
According to an official announcement in the Japanese media CoïnalThe company’s board of directors approved the purchase.
The Japanese game giant Gumi has just taken a step of $ 17 million $ XRP As part of its cryptographic cash strategy, supported by SBI.
They have already stacked the BTC earlier this year, and now XRP joins their balance sheet alongside new ecosystem games like Flare. pic.twitter.com/tn3r9dci8x
– Tom Tucker (@whatzthecker) August 29, 2025
The emphasis on XRP is part of the GUMI double active strategy, which combines BTC and XRP. He considers Bitcoin as a reserve of value and stability and XRP a strategic investment to focus on payment systems.
The shareholder Gumi SBI is also a long -term training partner in Japan via SBI Ripple Asia, which focuses on blockchain payment systems in Japan and Asia.
Analysts say that this decision could increase the credibility and adoption of XRP on Asian markets.
Litecoin Trolls XRP with “ rotten egg token ”
Just as XRP treated the news from Gumi, the official Litecoin account on X took a search of the crypto, calling it the “rotten egg token” in a cheeky article on social networks. JAB quickly became viral, with more than 785,000 views and arouses animated debates on the X and Crypto forums.
Funny: a comet smells of rotten eggs, urine, burning matches and almonds. Most scientists say that the comparison closest to this phenomenon on earth is the idea that the tokens called XRP would be sold to retail investors with the illusion that a digital bank transfer tube is …
– Litecoin (@litecoin) August 29, 2025
The tweet has made fun of the idea that XRP tokens, which are often marketed in bridge currency for banking systems, have an inherent value simply because there is a limited number in circulation.
Such a criticism targets the story that banks have been preparing for a while when they will adopt all XRP to replace Swift, the global interbank payment system.
The XRP army did not take long to retaliate, with attorney Bill Morgan Quickly reminding people of Litecoin’s decline of his old glory:
“Remember when Litecoin was a top 5 of the play?” He said. “Me neither. It was so long ago. Remember when XRP was one of the 3 best pieces. Me too. Like today. “
X User Anders also weighed, arguing that Litecoin was on the sidelines while Ripple made movements on the market.
While Ripple met the banks and financial regulators from around the world to transform the financial system, Charlie Lee was in his basement to print Hodl shirts, followed by the Litecoin jet remaining on his disciples and encouragement in Fiat.
– Anders 🏁🌏 (@x__anderson) August 31, 2025
The XRP price fights against the downward trend with bulls aimed at defending the $ 2.57 zone
Xrp Recently experienced a strong movement upwards of its low June of $ 1.9, reaching a level of all time above $ 3.65 at the end of July.
However, the bears then took care of the XRP priceWith the price of the Ripple Corct token in a downward channel model. XRP is negotiated at around $ 2.76, just below the level of retracement of 0.5 FIBONACCI at $ 2.78.
The main indicators also support the downward trend, with the relative resistance index (RSI) to 40.12, oscillating near the surpassing region, which indicates that the sale pressure has been dominant.
Meanwhile, the Silver Silver Flow (CMF) is slightly negative at -0.16, an indication that capital outputs are currently prevailing on the inputs. This reflects a reduction in short -term purchase interest.
The divergence of Mobile Average Convergence (MacD) has also crossed in negative territory, with the Blue MacD line under the Orange signal line and both under the zero line.
Overall, XRP continues to cope with the pressure in the downward channel, with $ 2.57 (FIB 0.382) serving as a crucial level of support.
Golden Cross stretches long -term optimism despite short -term pressure
Due to the recent downward trend, the price of XRP fell just below the simple 50 -day mobile average (SMA) ($ 3.09). However, the 50-day SMA remains above the 200-day SMA, forming a golden cross at $ 2.42, indicating that XRP is still on a positive long-term trend.
If the level of $ 2.57 holds, XRP could see a rebound towards the bar of $ 3 and possibly retest the resistance of the canal almost $ 3.1 to $ 3.2. A confirmed escape greater than $ 3.2 could trigger a rally up of $ 3.67 in July, and potentially higher if the momentum is strengthened.
However, if XRP does not defend the $ 2.57 zone, a deeper withdrawal to the 200 -day SMA to $ 2.48 is likely.
The bullish affair is supported by Nate Geraci, who noted that the chances of the approval of Solana and XRP ETF seemed stronger.
You heard it here first …
People seriously underestimate investors’ demand for ETF XRP & Sol.
Just as they did with BTC and ETH ETF.
– Nate Geraci (@nategeraci) September 1, 2025
According to data on the chain, the whales have bought 340 million XRP in the last two weeks worth approximately $ 962 million to $ 2.83, indicating that the asset remains in demand. It is despite the token falling by almost 5% over the same period.
In the meantime, data from Rinsing shows that $ 268 million XRP have been removed from exchanges in the last ten days. This accumulation is often considered a support for pushing an even higher active.
Consequently, if the renewed liquidity flows into the wider market of cryptography, we could see a reversal of trend raised in the price of the Ripple token.
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