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XRP has been gaining significant attention recently, reaching its highest value in over two years. This sharp rise has propelled the token to become the seventh-largest cryptocurrency by market capitalization, surpassing USDC.
XRP Key Statistics
- Current Price: $0.97
- Market Cap: $55 billion
- Trading Volume (24h): $12 billion
- Circulating Supply: 56.9 billion XRP
- Total Supply: 99.9 billion XRP
- CoinMarketCap Ranking: #7
XRP has demonstrated impressive growth over the past 30 and 7 days. More notably, from its lowest recorded prices in those same timeframes, XRP has skyrocketed by 97.32% and 79.44% respectively.
XRPUSD Market
Key Levels
- Resistance: $0.98, $1.00, $1.50
- Support: $0.90, $0.80, $0.70
On the XRPUSD, the cryptocurrency is in a strong uptrend, trading around $0.97 with key resistance levels at $0.98, $1.00, and $1.50. The $1.00 resistance is particularly significant; if the price breaks above this level, further bullish momentum could follow. However, with the RSI at 91.27, the market is in the overbought zone, suggesting that a short-term pullback could be imminent, as such levels often precede profit-taking.
The Parabolic SAR shows strong bullish momentum, with the dots positioned below the price, though the widening gap between price and SAR hints at potential overextension. If a pullback occurs, support may be found near $0.90, $0.80, or $0.70. Should the price drop to these levels, they could provide a solid base for a rebound.
Is XRP Ready to Break $1.00?
XRP’s price is steadily climbing toward the $1.00 mark, driven by a reduction in regulatory pressure from the U.S. Securities and Exchange Commission (SEC). CEO Brad Garlinghouse recently highlighted how the SEC had previously stifled the growth of crypto, but with the political landscape shifting, especially with pro-crypto figures like former President Trump emerging, the environment is becoming more favorable. This has led to an increase in investors’ confidence and substantial gains for XRP in recent weeks.
XRP Upside Breakouts – Next Targets
In addition to this regulatory easing, there has been a significant uptick in whale interest in XRP. The derivatives market for the token has surged by 15%, indicating growing involvement from institutional players. Notably, a large transaction of $52.8 million has further fueled speculation that big investors are positioning themselves ahead of further price movement. As these factors align, XRP’s ascent toward $1.00 seems increasingly likely.
XRPBTC Performance Insight
Like the XRPUSD chart, XRPBTC is in a sustained bullish trend, with the Parabolic SAR and RSI both confirming strong upward momentum. Against BTC, the cryptocurrency trades at $0.0000106 with immediate resistance at $0.0000110 and the potential to reach a past high of $0.0000116. However, the overbought RSI implies a possible correction in the near term as traders might start to take profits. If a pullback occurs, it may find support at previous resistance levels of $0.00001000 and $0.00000900 as a safety net. This would potentially provide a base for the next move up.
As XRP’s price continues to climb, Ripple’s CEO, Brad Garlinghouse, took to X to share his excitement about recent political developments. In a conversation with financial journalist @LizClaman, Garlinghouse expressed optimism about the future of cryptocurrency in the United States, especially in light of former President Donald Trump’s victory. Garlinghouse’s remarks reflect growing confidence in the potential for U.S. regulatory clarity under a Trump-led administration, which he believes could positively impact the cryptocurrency market, including XRP.
Always great to catch up with you, @LizClaman!
Markets have responded to Trump's win — he's bringing crypto back to America (making crypto great again?! MCGA!) The incoming Congress will make sure US innovation gets the regulatory clarity it deserves.https://t.co/NwKxRKVUqr
— Brad Garlinghouse (@bgarlinghouse) November 15, 2024
Alternatives to XRP
XRP has experienced remarkable expansion over the years, overcoming regulatory obstacles. Its market capitalization has surged, securing a spot as the seventh-largest cryptocurrency, firmly establishing its role in the digital asset landscape.
Riding this wave, new ventures such as Pepe Unchained ($PEPU) are gaining traction. The project’s recent presale has raised more than $32.3 million, signaling robust investors’ trust. To further accelerate growth, Pepe Unchained has launched a developer grant initiative, fostering the creation of cutting-edge applications on its platform. With an expanding user base and increasing media coverage, the project’s visibility within the crypto sphere has been notably enhanced.
Pepe Unchained, a Layer 2 scaling solution based on Ethereum, aims to resolve the network’s scalability issues while ensuring top-tier security. By offering quicker transaction speeds, reduced fees, and stronger security, $PEPU delivers a more efficient and affordable platform for the widely recognized Pepe meme coin and other potential projects. Focused on scalability, security, and community-driven progress, Pepe Unchained positions itself as a key player for the future of the Pepe ecosystem and beyond.
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