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The XRP price surged 27% in the last 24 hours to trade at $2.3816 as of 11:29 p.m. EST on trading volume that skyrocketed 94% to $30.8 billion.
The Ripple token has surged 368% in the last month, bringing its market capitalization to the third biggest after Bitcoin and Ethereum. The surge pushed XRP past Solana (SOL) and Tether (USDT) to become the third-biggest crypto.
XRP now has a market cap of $137 billion, according to CoinGecko.
XRP Price On A Continued Rally
The XRP price is in a strong bullish trend, as shown by the steep upward trajectory in price, consistently higher highs and higher lows. XRP has moved in what seems like climbing a mountain to the top, with possible support levels established at $1.8 and $1.5, according to data from GeckoTerminal.
As a result of the continued upsurge, the price of XRP has maintained its trajectory over both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the generally bullish outlook.
The Relative Strength Index (RSI) is deeply in the overbought territory, currently at 83, signaling that the asset is overextended in the short term. While this reflects strong bullish momentum, it also warns of potential price corrections or consolidation phases soon as traders take profits.
Meanwhile, the Moving Average Convergence Divergence (MACD) blue line (0.1947) is well above the orange signal line (0.1480), which confirms the bullish momentum.
The histogram bars are green and rising, showing increasing bullish strength.
XRP Price Prediction
According to the XRP/USD chart analysis on the 4-hour timeframe, the XRP price could continue its upward trajectory if buyers maintain control, potentially targeting higher psychological levels at $2.50, $3.00.
Conversely, overbought RSI and extended MACD suggest that a pullback or consolidation is likely. Support levels to watch are $2.00 (previous resistance turned support) and the 50-day SMA around $1.62.
As the XRP price aims for a continued rally, investors are also rushing to buy a Pepe alternative called Pepe Unchained (PEPU), which has only 11 days left before it launches.
YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to soar 100X.
Pepe Unchained Soars Toward $64 Million – Best Crypto To Buy Now?
Pepe Unchained has stormed past $63.8 million in its blockbuster presale, one of the most successful ever.
Pepe Unchained aims to liberate Pepe from the limitations of his old, cumbersome Layer 1 server. It comes with a proprietary Layer 2 blockchain, and offers faster and more cost-effective transactions for Pepe ownership, and ambitions to become the top frog-themed meme coin.
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
There are now only 11 days left until Pepe Unchained’s listing amid speculation that one of the most successful presales ever could be the next project to snare a coveted listing on Coinbase or Binance.
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
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 56%.
You can buy $PEPU tokens for $0.01295 each. To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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