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The XRP price surged 18% in the last 24 hours to trade at $1.799 as of 09:35 p.m. EST on trading volume that skyrocketed 146% to $18 billion.
XRP Price Aims For A Continued Surge
The XRP price has been on a continued surge since the beginning of November, as the bulls capitalized on the $0.50 support to push it up through a parabolic surge, breaching the $1.1 support zone.
According to data from GeckoTerminal, the XRP price bulls have eventually breached the $1.4 consolidation zone, overcoming the $1.65 psychological resistance level.
XRP price has still maintained its surge above both the 50-day and 200-day Simple Moving Averages (SMAs), which further supports the upward trajectory.
Meanwhile, the Relative Strength Index (RSI) is currently at 77, in the overbought zone, which suggests the asset may be overextended in the short term. This doesn’t necessarily mean an immediate reversal but signals caution for potential pullbacks or consolidation after the recent sharp rally.
The continued upward trend is further supported by the Moving Average Convergence Divergence (MACD), with the blue MACD line crossing over the orange signal line, an indication of a bullish crossover.
XRP Price Prediction
According to the XRPUSD chart analysis on the 4-hour timeframe, the XRP price is currently on a sustained bullish trend, moving in a trend similar to climbing a mountain. The current surge, if it continues, could surge even higher, as the bulls target $2.0.
However, with the RSI now overvalued, the bears could take charge of the price, exerting the pressure towards a correction that could force the price of XRP to the next possible support zone at $1.11.
As the XRP price surges, investors are also rushing to buy the newly launched meme coin Catslap (SLAP), which aims to dethrone top cat-themed token Popcat.
According to ClayBro, a prominent crypto analyst with over 131K subscribers, Catslap could surge another 50X.
New Memecoin Catslap Surges 30% In The Last 24 Hours – Best Crypto To Buy Now?
Catslap Token is a new meme coin that comes with an addictive slapping game that has players around the world competing to earn the highest score on the platform’s Slapometer.
Already an incredible 24.3 million slaps have been unleashed by token holders. To mark 10 million slaps on the platform, the team burned 10 million $SLAP tokens, putting upward pressure on the SLAP price.
The next burn is scheduled for when the 25 million slap milestone is reached, and that looks to be imminent.
Introducing the burn dashboard 🔥
You slap. we burn https://t.co/pM1SEW4Rdb pic.twitter.com/hwkhQccc7X
— CatSlap (@CatSlapToken) November 29, 2024
With the recent introduction of slap-to-earn, token holders can now slap while earning rewards. The project has a growing community of about 8,300 token holders, and more than 13,000 followers on social media platforms.
SLAP had a fair launch direct to DEX a week ago and already has a market capitalization of almost $30 million amid speculation of a possible Coinbase listing. The team has boosted locked liquidity to $4.4 million as it moves to further boost investor confidence in the token.
Its “Hot Token” status on Best Wallet, a fast-growing crypto wallet, connects it to over 60,000 users, boosting visibility and the momentum behind it.
Investors can also have earn passively with the project’s staking mechanism, which offers a 40% annual percentage yield (APY).
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— CatSlap (@CatSlapToken) November 21, 2024
After its 30% pump in the past 24 hours, $SLAP is currently valued at $0.002979 per token.
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