{"id":604299,"date":"2024-11-25T13:55:58","date_gmt":"2024-11-25T13:55:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=604299"},"modified":"2024-11-25T13:55:58","modified_gmt":"2024-11-25T13:55:58","slug":"xrp-price-prediction-as-ripple-token-pumps-5-traders-rush-to-buy-this-meme-coin-presale-with-689-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-as-ripple-token-pumps-5-traders-rush-to-buy-this-meme-coin-presale-with-689-staking-apy","title":{"rendered":"XRP Price Prediction: As Ripple Token Pumps 5%, Traders Rush To Buy This Meme Coin Presale With 689% Staking APY"},"content":{"rendered":"
The XRP price pumped 5% in the last 24 hours to trade at $1.50 as of 04:44 a.m. EST on trading volume that plunged 13% to $12.3 billion, according to CoinGecko.<\/span><\/p>\n This XRP\/USD chart shows a significant bullish trend for the XRP price, with a clear breakout from a consolidation phase followed by a strong uptrend.<\/span><\/p>\n Meanwhile, <\/span>the price of XRP<\/span><\/a> is trading well above both the 50-day (blue line) and 200-day (light blue line) moving averages. This indicates strong upward momentum.<\/span><\/p>\n After a parabolic rise, the price of XRP then went through some cooling off, which caused XRP to plunge from the $1.56 resistance to the $1.28 support zone. However, the bulls have used this support to propel the token up, forming a rounding bottom pattern.<\/span><\/p>\n The rounding bottom pattern is a bullish reversal pattern, which could see the price of XRP soar even higher.<\/span><\/p>\n The Relative Strength Index (RSI) has recovered from overbought territory (>70) during the parabolic move and is now hovering near the upper neutral range, currently at 63. This suggests that there is still room for upside without becoming overbought again.<\/span><\/p>\n If the bulls sustain the bullish trend reversal, the price of XRP could soar, breaching the psychological resistance at $1.60. This could lead to another rally, with the next possible target being around the $2.0 level.<\/span><\/p>\n <\/p>\n XRP\/USDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n However, if the bears take charge, the Ripple token price could plunge, the 50-day SMA acts as a dynamic support at $1.25.<\/span><\/p>\n As the XRP price aims for a continued surge, some investors are turning to presale meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a> for more explosive upside potential.<\/span><\/p>\n According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\nXRP Price On A Sustained Bullish Rally<\/b><\/h2>\n