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The XRP price climbed more than 2% in the past 24 hours to trade at $0.48 as of 7:45 a.m. EST.
This slight uptick recorded by the Ripple token’s price comes after Bitwise’s Chief Investment Officer Matt Hougan predicted that XRP and Solana ETF (exchange-traded fund) products could start trading at some point between 2025 and 2027.
The XRP Price Approaching A Critical Point
4-hour chart for XRP/USD (Source: GeckoTerminal)
The XRP price is approaching a critical juncture as it tries to overcome the major resistance level at $0.4825. This is after the altcoin printed a series of higher highs and higher lows on the 4-hour chart, resulting in the formation of an ascending channel.
The $0.4825 barrier is a key level to watch, because it is also confluent with the upper boundary of the Bollinger Bands (BBANDS). As such, a 4-hour candle close above this technical obstacle could clear a path for XRP to keep climbing in the following 24 hours. Bulls could then boost the altcoin’s price to the next barrier at $0.5028.
On the other hand, XRP getting rejected by the $0.4825 mark could invalidate the bullish thesis. Traders might subsequently begin to exert sell pressure on the crypto in this alternative scenario. The XRP price could therefore be at risk of correcting to the immediate support level at $0.4633.
The XRP Price Backed By Strong Technical Indicators
Technical indicators on XRP’s 4-hour chart suggest the altcoin might keep climbing in the next 24 hours. Earlier today, the Relative Strength Index (RSI) indicator crossed above 50. Traders usually see this as a sign that bulls have gained the upper hand against bears.
Throughout the past day of trading, the Moving Average Convergence Divergence (MACD) line has also crossed above the MACD Signal line on the 4-hour chart. This is a major bullish technical flag that could indicate the XRP price has entered into a short-term positive cycle.
While XRP approaches a critical juncture, WienerAI (WAI) is pulling investors in at a rapid pace as its presale races towards the $7 million milestone.
Introducing Serious Technology To A Light-Hearted Sector
WienerAI (WAI) is more than just another meme coin because it comes with sophisticated AI technology in the form of a trading bot.
With models that are fine-tuned to the crypto markets, WienerAI’s bot aims to become a loyal and intelligent companion for crypto traders and investors.
Navigating the highly-volatile crypto market can be a daunting task. By utilizing WienerAI’s predictive capabilities, investors and traders can now identify opportunities as they arise and make more informed decisions.
To compliment WienerAI’s sophisticated computer models, the project also offers token holders a seamless swap solution. This gives users the ability to both identify golden opportunities and capitalize on them before it’s too late.
Investors will also never be frontrun by MEV bots again, with the MEV protection WienerAI offers tokens holders within its ecosystem.
The project’s high levels of utility have caught the eye of renowned crypto YouTuber ClayBro. In a recent video, he told his130,000 subscribers that WAI could be the next 10x opportunity.
Investors Rush To Get In On WAI’s 174% APY
WAI has raised over $6.5 million via its ongoing ICO. In addition to everything WienerAI has to offer, investors are also likely rushing to buy the meme coin for the lucrative staking opportunity on offer during this presale phase.
We've raised $6.5M and this Wiener is not stopping! 🌭🚀
Join the WienerAI revolution and experience the unstoppable power of AI-driven trading 💪🤖💰 pic.twitter.com/ZiErtN1uvV
— WienerAI (@WienerDogAI) June 27, 2024
Anyone who purchases the crypto now can lock up their tokens for up to 174% in annual rewards.
Getting involved in the project is simple. All investors need to do is acquire the token through the simple buy widget embedded on the project’s official website.
Selling for $0.000723, WAI can be bought using ETH, USDT, BNB or bank card.
Anyone that is considering buying the meme coin might want to act fast because its price is scheduled to increase in about two days.
Purchase and stake WAI here before its next price increase.
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