{"id":599884,"date":"2024-11-18T11:34:22","date_gmt":"2024-11-18T11:34:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=599884"},"modified":"2024-11-18T11:34:22","modified_gmt":"2024-11-18T11:34:22","slug":"xrp-price-prediction-ripple-token-xrp-soars-another-7-as-pepe-unchained-presale-surges-past-35-7m-amid-a-fomo-frenzy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-ripple-token-xrp-soars-another-7-as-pepe-unchained-presale-surges-past-35-7m-amid-a-fomo-frenzy","title":{"rendered":"XRP Price Prediction: Ripple Token XRP Soars Another 7% As Pepe Unchained Presale Surges Past $35.7M Amid A FOMO Frenzy"},"content":{"rendered":"

The XRP price soared 7% in the last 24 hours <\/span>to trade at $1.16<\/span><\/a> as of 02:27 a.m. EST on trading volume that plunged 56% to $10 billion.<\/span><\/p>\n

This comes as XRP records an increase in Open Interest (OI) as long\/short data shows that traders are biased towards shorts. However, an increase in both OI and prices indicates a bullish trend, as it is a signal that new money is entering the market.<\/span><\/p>\n

Could regulatory clarity and upcoming technical changes spur more growth for the XRP price?<\/span><\/p>\n

XRP Price Could Still Soar<\/h2>\n

The XRP price has recently experienced a sharp breakout, evidenced by a significant upward movement through a parabolic curve. This parabolic price action is characteristic of strong bullish momentum, as the bulls capitalized on the $0.55 support to push the price up, according to data from GeckoTerminal.<\/span><\/p>\n

The price of XRP is now well above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that the bullish stance has been prolonged.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 86, which shows that the asset is overbought, which could suggest that a pullback or short-term consolidation is possible. However, during strong bullish trends, RSI can remain elevated for extended periods.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) also supports the bullish sentiments, as the blue MACD line at 0.1331, is well above the signal line (0.0687) and the zero line, confirming strong bullish momentum. The histogram is highly positive, with the green bars on the histogram extending above the zero line, supporting the continuation of upward momentum in the short term.<\/span><\/p>\n

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

XRP Price Prediction<\/h2>\n

According to the XRP price analysis, if the price sustains above $1.00 with high volume, it could test higher resistance levels, such as $1.20 and beyond.<\/span><\/p>\n

Conversely, given the overbought RSI, a short-term pullback to $1.00 or $0.80 is plausible before another leg up.<\/span><\/p>\n

Meanwhile, as the XRP price soars, the<\/span> Pepe Unchained (PEPU)<\/span><\/a> presale is another token on a tear after blasting past $35.9 million in funds raised. <\/span><\/p>\n

YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to soar turn $1k to $10k after launch.<\/span><\/p>\n