XRP Dips to $1.90 as Mutuum MUTM Presale Nears Sell-Out
Ripple’s XRP has fallen to around $1.90, down 19% month-to-date, as bearish on-chain signals and a net unrealized profit/loss of –0.30 for short-term holders indicate incomplete washout and weak technical support at $1.95. Failure to hold this level could push XRP toward $1.57, heightening trader caution. Meanwhile, DeFi project Mutuum Finance has raised $19 million in its MUTM presale’s final stage at $0.035 per token, selling 95% of its supply. Mutuum’s dual lending architecture—Peer-to-Contract pools for liquid assets like ETH and USDT and Peer-to-Peer markets for exotic tokens—backed by a Halborn security audit, underpins its dollar-pegged stablecoin model. With a projected launch price of $0.06, the MUTM presale offers potential 400% returns, attracting growth-seeking crypto traders.
Bearish
Short term, XRP’s failure to maintain the $1.95 support amid a –0.30 NUPL and rising whale deposits signals potential for further downside, likely prompting sell-offs from risk-averse traders. The absence of a clear washout rebound and lingering ETF rumors add to market uncertainty. Long term, sustained bearish on-chain metrics and lack of decisive catalyst could inhibit a meaningful recovery, while growth-oriented capital shifts toward high-yield opportunities like the MUTM presale may further dampen XRP demand.