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The XRP price soared 7% in the last 24 hours to trade at $0.661 as of 03:00 a.m. EST on trading volume that surged 138% to $11.8 billion.
This follows indications that Ripple CEO Brad Garlinghouse may have met with president-elect Donald Trump. Garlinghouse liked a Zach Rector post on X, seemingly indicating that there had been a meeting with Trump.
Confirmed ✅ #XRP pic.twitter.com/krpLrgrR2c
— Zach Rector (@ZachRector7) November 12, 2024
XRP Price Set For A Sustained Bullish Trend
The XRP/USD chart analysis on the 1-day timeframe shows the XRP price experiencing a recent bullish breakout after a prolonged period of consolidation. Price is now pushing upwards, as evidenced by the sharp rise and increased volume, indicating strong buying interest.
XRP price bulls are using the $0.50 support to sustain the uptrend, according to data from GeckoTerminal.
The price of XRP now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the asset’s general bullish prospects.
The Relative Strength Index (RSI) has entered the overbought territory (above 70), suggesting that XRP may be due for a short-term pullback or consolidation. However, overbought conditions in strong uptrends can persist, so while this could indicate a cooling period, it doesn’t necessarily mean an immediate reversal.
The Moving Average Convergence Divergence (MACD) line is above the signal line, reflecting strong bullish momentum. The MACD histogram also shows positive bars, which confirm the ongoing upward momentum.
XRP Price Prediction
According to the XRP/USD chart analysis, the XRP price is on a bullish stance, which the bulls aim to sustain, as they capitalize on the major indicators. If the bulls capitalize on the main indicators, including the RSI and MACD, they could push XRP to finally hit the $1 resistance level.
However, as the RSI soars, the asset may become overvalued, which may result in the price plunging to the $0.54 support level, coinciding with the 50-day SMA.
As the XRP price soars, investors are also buying the new meme coin Crypto All-Stars (STARS), which ClayBro, a popular crypto YouTuber with over 130K subscribers, says could soar 10X after launch.
Crypto All-Stars Presale Amasses Over $3.5 Million
Crypto All-Stars is surging toward $4 million in funds raised in its presale as investors buy into the idea of the first platform to enable traders to stake leading meme coins in one place.
This is made possible by the innovative MemeVault ecosystem, which after STARS’ launch will allow meme coins like Dogecoin, Shiba Inu, and Pepe to be staked.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Other meme coins that can be staked on the platform after launch are Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.
You can also earn passively through the project’s native staking mechanism, which offers a huge 464% annual percentage yield (APY).
You can buy the token now for $0.0015618. But the price will increase in less than two days, so act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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