Join Our Telegram channel to stay up to date on breaking news coverage
The XRP price fell 2% in the last 24 hours to trade at $2.97 as of 10:48 p.m. EST on a 6% surge in trading volume to $7.2 billion.
This comes as the US Securities and Exchange Commission’s (SEC) Crypto Task Force launched a nationwide initiative to host a series of roundtable discussions with the crypto industry. The roundtables aim to foster dialogue and help shape the regulatory approach to digital assets.
The planned roundtables will bring together a diverse set of stakeholders, including industry representatives, legal experts, and SEC enforcement officials. They kick off on August 4, in Berkeley, California.
Despite the drop, the Ripple token is still up almost 31% in the past month. Can the bulls recover from the recent downtrend?
XRP Price Springs From Double Bottom – Eyes Set on $4.50 Breakout Despite Drop
The XRP price has recently confirmed a double bottom pattern, a classic bullish reversal formation, with the two lows forming near the $1.81 level and a breakout above the neckline around $2.50.
This breakout led to the Ripple token price rallying near $3.65 before facing some resistance. The previous resistance zone between $2.40 and $2.60, which aligns with the neckline of the double bottom, has now turned into a key support area.
Meanwhile, the 50-day Simple Moving Average (SMA) is at $2.38 and trending upward, while the 200-day SMA is much lower, at $1.35, reinforcing the strength of the longer-term uptrend.
The Relative Strength Index (RSI) is at 60.01, which indicates healthy momentum with more room to the upside before entering overbought territory.
XRP appears set for another challenge of the $3.65 resistance. If bullish momentum continues and $2.50 holds as support, the next potential target lies around $4.50, on the 0.27 Fibonacci retracement level.
XRP/USD Chart Analysis (Tradingview)
Conversely, the Average Directional Index (ADX) is at 21.91, showing that while the trend is bullish, its current strength is moderate. If the price of XRP drops from the the current zone, the next key support lies around the 0.382 Fib level at $2.44.
Meanwhile, opportunistic investors are buying a new Dogecoin derivative presale crypto that’s called Maxi Doge Token (MAXI). According to the influential 99Bitcoins YouTube channel, with over 723K subscribers, MAXI has the potential to soar 100X after launch.
Maxi Doge Token Presale Races Past $214K – Next Big Crypto?
The Maxi Doge (MAXI) token presale exploded into the market this week, raising over $100,000 in a matter of minutes. Early investors are already speculating that it could be Dogecoin’s successor, having raised its total funding to over $214k.
At its core, MAXI blends the fundamentals of Dogecoin with the ultimate energy behind the next bull market.
The project reimagines the iconic Doge meme as a 240-lb canine juggernaut embodying the sheer willpower to help day-to-day investors unlock maximum gains all together.
It also represents the ultimate evolution of the Shiba Inu family tree: hyper-caffeinated, constantly screen-bound, and driven by chasing green candles.
Its main aim is to build a community-driven ecosystem that thrives on harnessing1,000x energy, sharing leveraged insights, competitions, and meme-driven camaraderie to unlock maximum returns together.
🚨 $MAXI is now live in Upcoming Tokens! 🚨@MaxiDoge_ is a meme coin built for traders who play hard, lift heavy, and never stop watching the charts.
How to get started:
📲 Download Best Wallet
🔥 Check out $MAXI in Upcoming TokensJoin Now! 👉 https://t.co/mV4V8pg1Ei pic.twitter.com/bN11nslpq4
— Best Wallet (@BestWalletHQ) July 29, 2025
MAXI also plans community giveaways and contests, keeping the same friendly vibe that made Dogecoin famous.
With the team setting 5% of its total token supply for staking rewards, you can buy and stake MAXI for a massive 1,166% annual percentage yield (APY).
MAXI tokens are priced at $0.00025 each and can be bought with ETH, BNB, USDT, USDC, or a bank card.
Interested investors should buy before a price hike in about 2 days.
Related Articles
- Bitcoin Sinks Below $115K As Trump Tariffs Blitz Triggers $705M In Long Liquidations
- Blur Surpasses OpenSea In NFT Trading Sales In July 2025
- DeepSeek AI Reveals The Best Crypto To Buy For August
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
