XRP Price Slumps 3% As Gumi Buys $17M Amid Litecoin Attack

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 Change, 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 line with an official announcement within the Japanese media outlet CoinPost, the agency’s board of administrators has authorised 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 12 months, and now XRP joins their steadiness sheet alongside new ecosystem performs like Flare. pic.twitter.com/tn3R9dci8x

— Tom Tucker (@WhatzTheTicker) August 29, 2025

The deal with 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 deal with funds techniques.

Gumi shareholder SBI is also a long-term Ripple associate in Japan by way of SBI Ripple Asia, which focuses on blockchain fee techniques in Japan and Asia.

Analysts say the transfer might 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 rapidly went viral, with greater than 785k views, and sparking heated debates throughout X and crypto boards.

Enjoyable reality: 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 could be bought off to retail buyers 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 techniques, 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 alternative for SWIFT, the worldwide interbank fee system.

The XRP military didn’t take lengthy to hit again, with attorney Invoice Morgan rapidly reminding individuals 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 in the present day.”

X consumer Anders additionally weighed in, arguing that Litecoin was on the sidelines whereas Ripple was making strikes available in the market.

Whereas Ripple was assembly with banks & monetary regulators all around the world to remodel 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 just lately 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, just under the 0.5 Fibonacci retracement degree at $2.78.

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

In the meantime, the Chaikin Cash Stream (CMF) is barely damaging at -0.16, a sign that capital outflows presently outweigh inflows. This displays decreased shopping for curiosity within the quick time period.

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

General, XRP continues to face stress inside the falling channel, with $2.57 (Fib 0.382) serving as an important help degree.

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

As a result of current downtrend, the worth of XRP has fallen just under 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 remains to be on a optimistic pattern in the long run.

If the $2.57 degree holds, XRP might 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 might set off a rally towards the $3.67 July excessive, and doubtlessly greater 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 probabilities of Solana and XRP ETF approval are trying stronger.

You heard it right here first…

Individuals are severely underestimating investor demand for spot xrp & sol ETFs.

Similar to they did w/ spot btc & eth ETFs.

— Nate Geraci (@NateGeraci) September 1, 2025

In line 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 help to push an asset even greater.

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

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