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The XRP price dropped 4% in the past 24 hours to trade at $2.19 as of 3:42 a.m. EST, despite a 41% rise in trading volume to $3.2 billion.
This comes despite continued interest from global institutions, with the latest being Webus, a Chinese AI-driven mobility company. The firm is set to make chauffeur payments frictionless with a $300 million XRP reserve.
💥 BREAKING:
$300M #XRP STRATEGIC RESERVE COMING — 🇨🇳CHINA’S WEBUS INTL. BETS BIG ON CROSS-BORDER PAYMENT FUTURE. pic.twitter.com/U0TIXbkID1
— STEPH IS CRYPTO (@Steph_iscrypto) May 30, 2025
According to Webus, it will pursue a non-equity financing route to fund the initiative, which would include bank loans, shareholder guarantees, institutional credit lines, and some of its reserves.
Can continued interest fuel an XRP price recovery?
XRP In A Consolidation Phase, Poised For A Breakout
The XRP price has been trading within a falling wedge pattern that spanned from late January to early May.
This pattern is considered bullish, signaling a potential breakout to the upside, which occurred shortly after the “C” point on the chart.
XRP price action remains above the key Fibonacci retracement level of 0.382 (around $2.27), which aligns closely with current trading levels.
This suggests that the Ripple token price is attempting to find support at this retracement line after a brief rejection from the resistance zone near the 0.236 level ($2.69), as GeckoTerminal data shows.
Additionally, the 50-day Simple Moving Average (SMA), currently around $2.256, is very close to the current price of $2.1915.
A price dip below this SMA might signal short-term bearish sentiment, although the proximity suggests a potential bounce if bulls defend this level.
The Relative Strength Index (RSI) is currently at 40.84, which is below the neutral 50 level. This reading suggests that the bears may be gaining some momentum.
With the current consolidation above the 0.382 Fib level and the price of Ripple token relative to the 50-day SMA, XRP is at a critical juncture.
If buyers can step in and maintain support above $2.25, there’s potential for a bounce back toward the $2.69-$2.70 region, retesting recent highs.
However, if XRP breaks below the $2.11 level, the next key support zone would be around the 0.618 Fibonacci level at $1.9383.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND), dubbed the ”Grok of Crypto,” before its blockbuster presale ends in about 1 day.
99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, says MIND is the best crypto presale.
MIND Of Pepe Presale Garners Over $11.3 – 1 Day Left To Buy
Excitement is building as MIND of Pepe approaches its anticipated exchange launch after its presale ends in about 24 hours.
MIND of Pepe is an exciting new cryptocurrency that combines artificial intelligence (AI) and blockchain technology.
It is designed to help investors make smarter decisions using powerful AI tools. Since it runs on the Ethereum blockchain, it is safe, transparent, and decentralized.
So far, the project has attracted a huge following, with its presale raising over $11.34 million.
One of the standout features of MIND of Pepe is its deep integration with the market, providing real-time analysis of crypto trends.
The project can analyze emerging trends in the Web3 space on social media platforms, especially crypto Twitter, before they gain traction and point them out to MIND holders.
The team behind MIND of Pepe launched their AI agent on May 10. So, investors won’t have to wait until after the presale to tap into the model’s market insights.
Following the end of the presale, the team has scheduled the launch and token claim for June 2, 2:00 p.m. UTC.
Launch + Claim Day Confirmed.
June 3rd
2PM UTCEnter the MIND 👁https://t.co/YQZ9DDOeVb pic.twitter.com/yGihQ9F2eK
— MIND of Pepe (@MINDofPepe) May 28, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 210% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037515 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s presale will end in about 1 day.
Visit the MIND of Pepe website.
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