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

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

Gumi, listed on the Tokyo Inventory Trade, stated it plans to finish the XRP purchases by February as a part of its Web3 growth. 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 large 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 concentrate on 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 concentrate on funds programs.

Gumi shareholder SBI is also a long-term Ripple associate in Japan through SBI Ripple Asia, which focuses on blockchain cost programs 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 put up. The jab rapidly 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 that 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 forex for banking programs, 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 are going to 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 rapidly reminding folks of Litecoin’s decline from its former glory:

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

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 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 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.

Nonetheless, 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 assist 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 unfavourable at -0.16, a sign that capital outflows at present outweigh inflows. This displays decreased shopping for curiosity within the brief time period.

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

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

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

As a result of latest downtrend, the value of XRP has fallen just under the 50-day Easy Shifting Common (SMA) ($3.09). Nonetheless, 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 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 probably larger if momentum strengthens.

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

In the meantime, knowledge from Coinglass reveals that $268 million price 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.

Due to this fact, if renewed liquidity flows into the broader crypto market, we might see some bullish development reversal within the worth of the Ripple token. 

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