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Following Ripple Coin XRP’s massive price surge ignited by its partial win over the United States SEC, it has been trading sideways in the past couple of days approaching the $0.70 price level.
At 5:30am EST, XRP price is down by 1% at $0.7092 with a 24-hour trading volume of more than $1.47 billion.
Price performance of Ripple Coin
XRP has had a very bullish month as the price increased by over 47% in the last 30 days. But the price is down by 10% in the last 7 days.
XRP’s explosive price surge on July 13 after its partial lawsuit win moved the price from $0.47 to $0.94, indicating over a 73% gain, the most significant price surge for the token since 2021.
However, despite the sideways movement of Ripple coin in the last few days, there could still be potential for an upside in the coming weeks.
Technical indicators on XRP price action
As shown on the chart, the price of XRP is trading above the 50-day and 200-day moving averages which denotes that the market is in an overall bullish trend.
The MACD indicator trading above the signal line with green histogram bars suggests that buyers still dominate the market and could likely push the price higher.
The relative strength index RSI of 58.25 signifies that the market is neutral and hasn’t reached the overbought zone yet, indicating more price rallies.
The technical indicators suggest XRP could experience a moderate price gain in the coming weeks.
However, investors and traders should consider other metrics before making investment decisions, as the crypto market is subject to high price volatility and constant market fluctuations.
Factors That Could Affect Ripple Coin Price
The outcome of the final hearing on the lawsuit filed by the SEC against XRP being a security could significantly affect the asset’s price performance in the coming weeks.
As the Ripple Coin continues its sideways movement, traders must explore other potential alternatives, such as Wall Street Memes (WSM). This emerging option could provide additional opportunities for profitable trading.
Ripple Coin Alternative
The Wall Street Memes (WSM) token has rapidly gained popularity as the newest sensation among meme coins, achieving unparalleled success during its initial presale period.
Cramer strikes again pic.twitter.com/CH1CcLErtl
— Wall Street Memes (@wallstmemes) July 27, 2023
Its exceptional performance has generated immense enthusiasm among investors and traders, leading to excitement across the market shortly after its introduction.
With a massive social media following of 1 million, Wall Street Memes has caught the eye of numerous renowned analysts and tipsters who now view it as the next token with immense growth potential.
As a result, there are high expectations for a substantial increase in its value shortly.
Wall Street Presale
The Wall Street Memes presale has achieved an impressive $18.3 million, closing in on its $20 million hard cap.
This enthusiastic response from investors reflects a considerable interest in the token and optimistic outlooks for its future success.
$WSM is available at $0.0325 with 4 days left for the next phase which the token would be sold at a slightly higher price of $0.0328.
After the presale phase, $WSM will be available on multiple exchanges, attracting a broader investor base and further expanding the community.
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