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The XRP price soared 27% in the last 24 hours to trade at $1.14 as of 9 a.m. EST on a 28% pump in trading volume to $18 billion.
The spike in the XRP price comes after indications Ripple CEO Brad Garlinghouse may have met with president-elect Donald Trump’s transition team.
Garlinghouse liked a Zach Rector post on X, seemingly indicating that there had been a meeting with Trump or his team.
Confirmed ✅ #XRP pic.twitter.com/krpLrgrR2c
— Zach Rector (@ZachRector7) November 12, 2024
XRP Price Soars
XRP’s price has taken the crypto world by storm, surging to $1.1354 with a stunning 27% increase in just one day. This explosive rally emerged after weeks of quiet consolidation within the $0.45 – $0.57 range, where the price steadily gathered strength.
Finally, XRP broke free, carving out a parabolic curve- a signature rapid and aggressive bullish trend pattern. Now, all eyes are on the next resistance at $1.20, a key milestone that, if surpassed, could pave the way for a climb toward $1.50, echoing levels not seen in months.
XRPUSD Analysis Source: Tradingview
Adding to the excitement, the 50-day moving average (SMA) at $0.5461 recently crossed above the 200-day SMA at $0.5715, forming a golden cross-one of the most bullish signals in technical analysis. This crossover likely acted as a spark for the rally, attracting more buyers into the market.
XRP Price: RSI Signals A Short-Term Pullback
However, not everything is without caution. The Relative Strength Index (RSI) has soared to an overbought level of 93.60, indicating extreme bullish momentum for the XRP price. While the upward trajectory is impressive, this level often hints at a looming cooldown or temporary pullback as traders take profits.
A surge in trading volume further confirmed momentum, underscoring the breakout’s strength. Yet, the journey might not be entirely smooth.
If XRP faces a retracement, support levels around $0.85 – $0.90, near the breakout zone, could act as a safety net. In a deeper correction, the prior consolidation area near $0.57 might provide a stronger base for recovery.
For now, XRP’s story is one of resilience and renewed energy. If it clears $1.20, the narrative could shift to new highs. But traders are wise to tread carefully as parabolic rallies often carry the potential for sharp corrections. This is a chapter to watch closely, with the next moves set to shape XRP’s unfolding tale.
Pepe Unchained Rockets Past $33.3 Million In Record-Breaking Presale
The current excitement surrounding the XRP price surge is rivaled by that being shown toward Pepe Unchained (PEPU), a meme coin presale that’s surpassed $33.3 million in funds raised after attracting an incredible $3.3 million in the past day alone.
🐸Welcome to the 30 Million Club!🐸
Pepe is rocking his golden Braindallion for such a momentous occasion. It seems like the $PEPU community is just as excited for the launch as we are! 🐸🔥🧠 pic.twitter.com/W0A78kjZRk
— Pepe Unchained (@pepe_unchained) November 14, 2024
Pepe Unchained is a meme coin with its own blockchain that aims to free the original PEPE from its old, clunky home on the Ethereum blockchain.
It is equipped with blistering transaction speeds, much lower costs, and greater scalability than Ethereum. And that’s just the beginning.
Prominent crypto analyst and YouTuber Austin Hilton has over 276,000 subscribers and says PEPU will be massive!
But PEPU is more than just a meme coin. It’s creating an entire ecosystem around its token. It has its own decentralized exchange (DEX), a block explorer, and a bridging system designed for smooth interoperability between different blockchains.
It’s also recently unveiled Pepe’s Pump Pad, a launchpad for meme coins that’s designed to rival Solana’s Pump.fun.
A developer grant program is also underway to attract creators who will build decentralized apps on its network.
In addition to all that, investor can also stake their PEPU tokens for an 81% annual return, adding another layer of attraction.
Secure Your PEPU Tokens Before the Presale Ends – Only 26 Days Left!
As anticipation builds for PEPU’s full launch, an indication of what is to come was provided earlier this week when Pepe exploded after it was listed on Coinbase and Robinhood.
PNUT and ACT followed similar explosive paths after listing on major exchanges.
PEPU tokens are currently available for just $0.01286 and they can be purchased with ETH, USDT, BNB, or a bank card.
If you would like to join the biggest presale of the year, buy PEPU tokens on the official website here.
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