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The XRP price surged 9% in the last 24 hours to trade at $1.886 as of 07:56 p.m. EST on trading volume that plunged 6% to $16.7 billion, according to CoinGecko.
XRP Price Prediction: XRP On A Sustained Bullish Trend
The XRP/USD chart on the 12-hour timeframe is displaying a strong bullish trend, evident from the parabolic price movement starting in mid-November. The XRP price has significantly broken above key resistance levels, signaling bullish momentum.
XRP price has maintained its position above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a signal that the bulls have sustained the bullish stance.
Meanwhile, the Relative Strength Index (RSI) is well into the overbought zone (76), indicating that the asset is experiencing high bullish momentum. However, this also suggests a potential for short-term corrections or consolidation as buyers may start to take profits.
While overbought conditions don’t necessarily signal an immediate reversal, they warrant caution for entering new long positions at this point.
The Moving Average Convergence Divergence (MACD) shows strong bullish momentum, as the MACD line is above the signal line with widening distance. This suggests upward price momentum is still intact, but with the current overbought RSI, the rally might soon decelerate or pause.
If the bulls continue to push the price of XRP up, the price could eventually break the $2.0 psychological level, as the bulls target $2.20.
XRP/USDT Chart Analysis (Source: Tradingview)
However, key breakout points at $1.32 and $1.05 act as the immediate support levels if the price of XRP encounters a correction.
As the Ripple token price surged, investors are going all-in on new PEPE rival Pepe Unchained ($PEPU), a blockbuster presale offering a last chance to buy before it ends in less than 12 days.
According to 99Bitcoins, a leading crypto YouTube channel with more than 710k followers, Pepe Unchained ($PEPU) could be the next meme coin to deliver 100x returns after its launch.
Pepe Unchained Closes On $62 Million – Last Chance To Buy Before Major Exchange Listings
Pepe Unchained continues to smash milestone after milestone in its presale, with its fundraising standing at $61.98 million. After hitting $40 million only last weekend, whale buys combined with continued traction has added almost $22 million into the presale’s early funding in just one week.
A FOMO frenzy has erupted around the meme coin amid speculation it may snare a coveted listing on either Coinbase or Binance. When Pepe listed on Coinbase and Robinhood recently, its price went parabolic.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
The project stands out from other meme coins because it is launching on its proprietary Layer 2 chain on top of Ethereum’s network. Its plan is to “unchain” Pepe from its clunky, outdated Layer-1 blockchain on Ethereum.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
This initiative aims to deliver fast and secure transactions, complemented by a dedicated explorer to enhance its utility. According to the project’s white paper, its blockchain is specifically designed for meme coins and is expected to achieve speeds up to 100 times faster than Ethereum.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 57%.
You can buy $PEPU tokens for $0.1295 each.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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