{"id":559451,"date":"2024-08-01T12:32:02","date_gmt":"2024-08-01T12:32:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=559451"},"modified":"2024-08-01T12:32:02","modified_gmt":"2024-08-01T12:32:02","slug":"xrp-price-prediction-ripple-token-dumps-5-amid-bull-vs-bear-struggle-as-analysts-say-this-base-meme-coin-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-ripple-token-dumps-5-amid-bull-vs-bear-struggle-as-analysts-say-this-base-meme-coin-might-be-the-best-crypto-to-buy-now","title":{"rendered":"XRP Price Prediction: Ripple Token Dumps 5% Amid Bull vs Bear Struggle As Analysts Say This Base Meme Coin Might Be The Best Crypto To Buy Now"},"content":{"rendered":"

The XRP price tumbled 5% in the last 24 hours <\/span>to trade at $0.6068<\/a> as of 05:51 a.m. EST on trading volume that dropped 31% to $2 billion.<\/span><\/p>\n

This comes amid a bull vs bear struggle for ascendancy on the XRP price, with bears gaining<\/span> most ground and the bulls struggling. <\/span><\/p>\n

According to data from GeckoTerminal, the current price hovers between $0.58 and $0.63, reflecting cautious market sentiment.<\/span><\/p>\n

Data also shows that bulls are struggling to push the XRP price past the $0.66 resistance level. Despite a promising 25% surge over the past month, the momentum seems to be cooling.<\/span><\/p>\n

Could the XRP bulls still finally overcome the $0.66 resistance?<\/span><\/p>\n

XRP Price Aims For A Major Breakout<\/h2>\n

The XRP price is currently trading in a sideways pattern as the bull vs bear struggle intensifies.<\/span><\/p>\n

The 50-day Simple Moving Average (SMA) at $0.6115 suggests difficulty maintaining upward movement. However, the 200-day SMA at $0.5319 offers strong support for the price, which offers bullish prospects for XRP.<\/span><\/p>\n

The Relative Strength Index (RSI) is on a downtrend, dropping below the 50-midline level, currently at 43, indicating that sellers are gaining momentum.<\/span><\/p>\n

\"XRPUSD
XRP Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

If the selling intensifies, the bears could drive the XRP price further down to the $0.5319 support level, currently held by the 200-day SMA, an 11.99% drop from the current price.<\/span><\/p>\n

Conversely, exceeding the $0.66 resistance could spark a climb, with the bulls targeting $0.70. With the RSI dropping towards the oversold level, the asset may soon become undervalued, which may be a buying signal.<\/span><\/p>\n

With the token also trading above the 200-day SMA, the price of XRP could finally overcome the sideways pattern to break out of the current resistance.<\/span><\/p>\n

Meanwhile, as the bull vs bear struggle over the XRP price intensifies, bulls are in the ascendancy when it comes to the new Base meme token <\/span>Base Dawgz (DAWGZ),<\/span><\/a> which has rocketed past $2.7 million in funding for its presale.<\/p>\n

Base Dawgz Presale Garners $2.7 Million – Best Meme Coin To Buy Now?<\/h2>\n

DAWGZ aims to challenge Base meme coin titan Brett, which has exploded 14,497% from its all-time low, according to CoinGecko.<\/span><\/p>\n

\n

We pushing for 3M this week $DAWGZ<\/a>? pic.twitter.com\/FDXspxqcis<\/a><\/p>\n

— Base Dawgz (@BaseDawgz) July 28, 2024<\/a><\/p><\/blockquote>\n