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The XRP price edged up over 1% in the past 24 hours to trade at $3.51 as of 12:31 a.m. EST, with a 43% rise in trading volume to $7.9 billion.
This comes as XRP surpassed Shell in market capitalization, reaching $206.09 billion, slightly ahead of Shell’s $205.92 billion.
The milestone is a testament to the Ripple token’s growing influence in the financial markets, as it now stands above a major energy sector player.
Can the price of Ripple Token soar from here?
XRP Price Poised For More Gains After Breakout
The XRP price has made a significant bullish breakout following months of consolidation within a falling channel pattern.
This bearish channel, which began after XRP’s sharp rise in late 2024, persisted until mid-July 2025, where a rounded bottom pattern formed, often a sign of trend reversal.
The breakout occurred with strong momentum, as the Ripple token price surged past the channel’s resistance and now trades above $3.50, showing a sharp parabolic move, as GeckoTerminal data shows.
The 50-day and 200-day Simple Moving Averages (SMAs), currently both around $2.41, are about to form a bullish crossover, known as a golden cross, a classic long-term bullish signal.
Meanwhile, the Relative Strength Index (RSI) stands at 84.34, indicating that XRP is heavily overbought, which could suggest short-term exhaustion.
The Moving Average Convergence Divergence (MACD) indicates strong upward momentum, with the blue MACD line significantly above the orange signal line and growing histogram bars confirming a bullish acceleration.
If momentum holds, the next psychological resistance lies near $4.00.
However, a healthy retracement toward the breakout zone around $2.33 could offer a more substantial base for further gains.
Meanwhile, opportunistic investors are buying a new ICO crypto called Snorter Token (SNORT). According to Jacob Crypto Bury, a popular crypto YouTuber with over 56.9K subscribers, SNORT could soar 100X on launch.
Snorter Token Hits $2.1M In Fast-Growing Crypto Presale
The Snorter Token presale is generating strong interest, having already crossed the $2.18 million mark in early contributions.
Snorter Bot is a full-stack, Telegram-native trading assistant built to help everyday traders snipe high-upside meme coins the moment they launch, with the speed, automation, and protection that until now was only available to whales.
Went outside. Touched grass. Immediately hated it. Back to the chaos. pic.twitter.com/XgGz1f7cCE
— Snorter (@SnorterToken) May 19, 2025
Its advanced algorithms help investors navigate volatile markets, automate risk management, and capitalize on opportunities faster than manual trading.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
However, Snorter Bot beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram crypto trading bots.
In addition to its trading features, staking rewards currently sit at 186%, but this decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0989. Tokens can be bought with SOL, ETH, BNB, or a bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in less than 2 days.
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