XRP Worth Slumps 3% As Gumi Buys $17M Amid Litecoin Assault

Contents

Litecoin Trolls XRP With ‘Rotten Egg Token’ Jab XRP Worth Battles The Downtrend With Bulls Aiming To Defend The $2.57 Zone Golden Cross Sparks Lengthy-Time period Optimism Regardless of Brief-Time period Strain Associated Information:

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The XRP worth tumbled 3% to $2.76 prior to now 24 hours regardless of a $17 million funding dedication from Japanese gaming and blockchain big Gumi and as Litecoin mocked it because the “Rotten Egg Token.”

Gumi, listed on the Tokyo Inventory Alternate, stated it plans to finish the XRP purchases by February as a part of its Web3 enlargement. Backed by its main shareholder SBI Holdings, the agency will combine XRP into its treasury technique alongside Bitcoin.

In keeping with an official announcement within the Japanese media outlet CoinPost, the agency’s board of administrators has accredited the acquisition.

Japanese gaming big Gumi simply made a $17M transfer into $XRP as a part of its crypto treasury technique, backed by SBI.
They’ve already stacked BTC earlier this yr, and now XRP joins their stability sheet alongside new ecosystem performs like Flare. pic.twitter.com/tn3R9dci8x
— Tom Tucker (@WhatzTheTicker) August 29, 2025

The give attention to XRP is a part of Gumi’s dual-asset technique, which mixes BTC and XRP. It sees Bitcoin as a retailer of worth and stability and XRP a strategic funding for its give attention to funds methods.

Gumi shareholder SBI is also a long-term Ripple companion in Japan by way of SBI Ripple Asia, which focuses on blockchain cost methods in Japan and Asia.

Analysts say the transfer may enhance XRP’s credibility and adoption in Asian markets.

Litecoin Trolls XRP With ‘Rotten Egg Token’ Jab

Simply as XRP was processing the Gumi information, Litecoin’s official account on X took a dig on the crypto, calling it the “Rotten Egg Token” in a cheeky social media publish. The jab shortly went viral, with greater than 785k views, and sparking heated debates throughout X and crypto boards.

Enjoyable truth: A comet smells like rotten eggs, urine, burning matches, and almonds. Most scientists say the closest comparability to this phenomenon on earth is the concept tokens known as XRP can be bought off to retail traders with the phantasm {that a} digital financial institution drive-up tube is…
— Litecoin (@litecoin) August 29, 2025

The tweet mocked the notion that XRP tokens, which are sometimes marketed as a bridge foreign money for banking methods, have inherent worth simply because there’s a restricted quantity in circulation.

Such a critique targets the narrative that banks have been getting ready for a time when they’ll all undertake XRP as a substitute for SWIFT, the worldwide interbank cost system.

The XRP military didn’t take lengthy to hit again, with attorney Invoice Morgan shortly reminding folks of Litecoin’s decline from its former glory:

“Keep in mind when Litecoin was a high 5 coin?” he stated. “Me neither. It was so way back. Keep in mind when XRP was one of many high 3 cash. Me too. Like at the moment.”

X person Anders additionally weighed in, arguing that Litecoin was on the sidelines whereas Ripple was making strikes out there.

Whereas Ripple was assembly with banks & monetary regulators everywhere in the world to rework the monetary system, Charlie Lee was in his basement printing Hodl shirts, adopted by dumping his remaining Litecoin on his followers and cashing out into fiat.
— Anders 🏁🌏 (@X__Anderson) August 31, 2025

XRP Worth Battles The Downtrend With Bulls Aiming To Defend The $2.57 Zone

XRP has not too long ago skilled a robust upward transfer from its June low of $1.9, reaching an all-time excessive above $3.65 in late July.

Nevertheless, the bears then took cost of the XRP worth, with the Ripple token worth correcting inside a falling channel sample. XRP is buying and selling round $2.76, slightly below the 0.5 Fibonacci retracement degree at $2.78.

Main indicators additionally assist the downtrend, with the Relative Energy Index (RSI) at 40.12, hovering close to the oversold area, which signifies that promoting strain has been dominant.

In the meantime, the Chaikin Cash Move (CMF) is barely destructive at -0.16, a sign that capital outflows at the moment outweigh inflows. This displays diminished shopping for curiosity within the quick time period.

The Shifting Common Convergence Divergence (MACD) has additionally crossed into destructive territory, with the blue MACD line beneath the orange sign line and each beneath the zero line.

Total, XRP continues to face strain throughout the falling channel, with $2.57 (Fib 0.382) serving as a vital assist degree.

XRP Worth Slumps 3% As Gumi Buys M Amid Litecoin Assault — XRP/USD Chart Evaluation Supply: GeckoTerminal

Golden Cross Sparks Lengthy-Time period Optimism Regardless of Brief-Time period Strain

Because of the latest downtrend, the value of XRP has fallen slightly below the 50-day Easy Shifting Common (SMA) ($3.09). Nevertheless, the 50-day SMA stays above the 200-day SMA, forming a golden cross at $2.42, indicating that XRP continues to be on a optimistic development in the long run.

If the $2.57 degree holds, XRP may see a rebound towards the $3 mark and probably retest the channel resistance close to $3.1–$3.2. A confirmed breakout above $3.2 may set off a rally towards the $3.67 July excessive, and doubtlessly larger if momentum strengthens.

Nevertheless, if XRP fails to defend the $2.57 zone, a deeper pullback towards the 200-day SMA at $2.48 is probably going.

The bullish case is supported by Nate Geraci, who famous that the possibilities of Solana and XRP ETF approval are wanting stronger.

You heard it right here first…
Persons are severely underestimating investor demand for spot xrp & sol ETFs.
Identical to they did w/ spot btc & eth ETFs.
— Nate Geraci (@NateGeraci) September 1, 2025

In keeping with on-chain knowledge, whales have bought 340 million XRP within the final two weeks value roughly $962 million at $2.83, indicating that the asset stays in demand. That’s regardless of the token falling nearly 5% over the identical interval.

In the meantime, knowledge from Coinglass reveals that $268 million value of XRP has been withdrawn from exchanges over the previous ten days. This accumulation is usually seen as a assist to push an asset even larger.

Subsequently, if renewed liquidity flows into the broader crypto market, we may see some bullish development reversal within the worth of the Ripple token.