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The XRP price dropped 3% in the last 24 hours to trade at $2.39 as of 3:42 a.m. EST, with trading volume plunging 63% to $3.8 billion.
This comes despite the expectation that the US Securities and Exchange Commission (SEC) will drop its case against Ripple, the blockchain company behind the XRP token.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
Ripple Token Price Shows A Bullish Breakout In Sight
The XRP price exhibits a falling channel pattern following a strong rally in late 2024.
The Ripple token price action within this channel suggests a period of consolidation after an impulsive move to the upside. A breakout from this channel could signal the next leg of the bullish trend.
XRP has been hovering around the upper boundary of the descending channel, which often indicates a possible breakout.
Additionally, the 50-day Simple Moving Average (SMA) currently acts as dynamic resistance at $2.4579, while the 200-day SMA at $1.7071 provides long-term support, data from GeckoTerminal shows.
The price of XRP has consistently remained above the 200-day SMA, reinforcing its bullish bias in the long run.
The Relative Strength Index (RSI) is at 50.02, which indicates neutral momentum. This level suggests that the market is neither overbought nor oversold, meaning there is still room for price movement in either direction.
The Moving Average Convergence Divergence (MACD) histogram shows slightly positive momentum, with the blue MACD line at 0.0280 trending above the signal line at -0.0200.
XRP Price Prediction
Given the current market structure and indicators, the XRP price has the potential to break out of the descending channel, which could push the asset toward the $3.50-$4.00 range in the coming weeks.
A successful breakout above $2.50-$2.60 with strong volume would confirm this move.
On the downside, if the price of XRP fails to break the channel, it could retest support around $2.00, where the 200-day SMA would act as a crucial safety net.
As the Ripple token price drops, investors are shifting focus to a new meme coin called Meme Index (MEMEX).
According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Presale Closing On The $4.5 Million Mark – Last Chance To Buy
Meme Index, an innovative meme coin investing platform, shows incredible demand in its presale as its total raise clears $4.12 million, with only 10 days left until the token’s launch.
The project will make investing in meme coins easy, offering the first-ever decentralized meme coin indexes that provide diversified exposure within one of crypto’s hottest asset classes. It introduces four meme coin portfolios that spread risk across multiple tokens.
The indexes are Meme Titan, Moonshot, Midcap, and Meme Frenzy.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking high returns while willing to accept high risk.
MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 555%.
You can purchase MEMEX tokens on the official website for just $0.0166883.
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