{"id":623914,"date":"2025-02-04T13:38:07","date_gmt":"2025-02-04T13:38:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623914"},"modified":"2025-02-04T13:38:07","modified_gmt":"2025-02-04T13:38:07","slug":"xrp-price-prediction-ripple-token-soars-11-as-trump-pauses-tariffs-on-canada-and-mexico-while-traders-flock-to-this-solana-ico-thats-smashed-17-7m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-ripple-token-soars-11-as-trump-pauses-tariffs-on-canada-and-mexico-while-traders-flock-to-this-solana-ico-thats-smashed-17-7m","title":{"rendered":"XRP Price Prediction: Ripple Token Soars 11% As Trump Pauses Tariffs On Canada And Mexico, While Traders Flock To This Solana ICO That&#8217;s Smashed $17.8M"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The XRP price soared 11% in the last 24 hours to trade at $2.56 as of 02:10 a.m. EST on trading volume that plunged 32% to $18.2 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This jump in the Ripple Token price comes after US President Donald Trump announced his decision to pause tariffs on Mexico and Canada after speaking to the leaders of both countries.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the proposed tariffs, there was to be a 25% duty on all imports from Mexico and most of the goods imported from Canada, as well as a new 10% tariff on Chinese goods.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump pauses tariffs on Mexico because Mexico is doing their part to stop the problems caused on the border. Canada, are you watching? <a href=\"https:\/\/t.co\/MDHXC1FlP1\">pic.twitter.com\/MDHXC1FlP1<\/a><\/p>\n<p>&mdash; T.J. Moe (@TJMoe28) <a href=\"https:\/\/twitter.com\/TJMoe28\/status\/1886443975906648399?ref_src=twsrc%5Etfw\">February 3, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<h2>Ripple Token Price Aims For A Rebound<\/h2>\n<p><span style=\"font-weight: 400\">The <\/span><span style=\"font-weight: 400\">XRP price<\/span><span style=\"font-weight: 400\"> analysis on the 4-hour chart shows that the Ripple token has undergone a clear breakdown from a descending wedge pattern. The wedge, characterized by converging trendlines with lower highs and lower lows, signaled weakening bullish momentum before eventually breaking down with strong selling pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After initially consolidating within the wedge, XRP experienced a sharp decline, plunging below both the 50-period Simple Moving Average (SMA) and the 200-period SMA on the 4-hour chart. This breakdown was accompanied by a surge in volume, indicating strong bearish momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the XRP price found temporary support around $2.2, leading to a slight recovery towards the current level of $2.56, data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac\"><span style=\"font-weight: 400\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400\"> shows.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The market now appears to be in a retracement phase, where buyers are attempting to regain control after the strong sell-off. However, the previous support levels now act as resistance, meaning the price of XRP must break above key levels to regain a bullish stance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index (RSI) is at 40.98, which is below the neutral 50 level but not yet in oversold territory. This suggests that selling pressure has been strong, but there is still room for more downside before an oversold bounce occurs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the Moving Average Convergence Divergence (MACD) is starting to show signs of a bullish recovery, with the blue MACD now crossing over the orange signal line, leading to a bullish crossover.<\/span><\/p>\n<figure id=\"attachment_623915\" aria-describedby=\"caption-attachment-623915\" style=\"width: 1637px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-623915\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-04_10-10-02.png\" alt=\"XRP Price Chart Analysis Source: GeckoTerminal\" width=\"1637\" height=\"666\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-04_10-10-02.png 1637w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-04_10-10-02-300x122.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-04_10-10-02-1024x417.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-04_10-10-02-768x312.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/XRP_2025-02-04_10-10-02-1536x625.png 1536w\" sizes=\"(max-width: 1637px) 100vw, 1637px\"><figcaption id=\"caption-attachment-623915\" class=\"wp-caption-text\">XRP\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>XRP Price Prediction<\/h2>\n<p><span style=\"font-weight: 400\">The recent breakdown of the descending wedge and failure to hold above key support levels indicate that the XRP price is currently in a bearish phase. However, the short-term price action suggests a potential relief bounce as buyers attempt to regain control.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the XRP price can reclaim the $2.80-$2.93 range (aligned with the 200 and 50-period SMAs), it would indicate that bullish momentum is returning. A break above these levels could push the price of the Ripple Token towards $3.20, which would mark a full recovery from the recent dip.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if the Ripple Token price fails to break back above $2.80, it is likely to face renewed selling pressure. In this case, the next key support level to watch is $2.40, followed by $2.20. A move below $2.20 could trigger further panic selling, pushing the price toward $2.00.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, investors are also buying a new Solana meme coin called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400\">Solaxy (SOLX)<\/span><\/a><span style=\"font-weight: 400\">, which popular YouTube channel 99Bitcoins, with over 724K subscribers, says has the potential to soar 100X post-launch.<\/span><\/p>\n<p><iframe title=\"BEST 3 Meme Coins to Buy Now Before 2025?! (New 100X Potential Crypto!?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7usUlycZEUs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Solaxy Presale Smashes Past $17.8 Million &ndash; Best Crypto To Buy Now?<\/h2>\n<p><span style=\"font-weight: 400\">The Solaxy token continues to gain momentum, with its presale closing on $18 million in early funding.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Solana network faced challenges last month as trading for the <\/span><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/trump-token-price-prediction\"><span style=\"font-weight: 400\">TRUMP<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/melania-token-price-prediction\"><span style=\"font-weight: 400\">MELANIA<\/span><\/a><span style=\"font-weight: 400\"> tokens surged. Such massive trading volume pushed the blockchain to its limits, causing delayed transactions and system timeouts that left users frustrated.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is where Solaxy steps in. As Solana&rsquo;s first layer-2 scaling solution, Solaxy handles transactions off-chain before bundling them back to the main network. This method reduces congestion and keeps fees low, offering exactly what traders needed during the meme coin trading frenzy.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; Solaxy is now live in Upcoming Tokens! &#128680;<a href=\"https:\/\/twitter.com\/SOLAXYTOKEN?ref_src=twsrc%5Etfw\">@SOLAXYTOKEN<\/a> gives holders an opportunity to join the first-ever Solana Layer 2 blockchain. <\/p>\n<p>Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.&hellip; <a href=\"https:\/\/t.co\/satNF6zFNF\">pic.twitter.com\/satNF6zFNF<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1869036158208147515?ref_src=twsrc%5Etfw\">December 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Moreover, once launched, Solaxy will provide a platform where developers can build decentralized applications or launch new tokens without compromising (and possibly even improving) Solana&rsquo;s layer-1 capabilities.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solaxy also offers holders who stake the project&rsquo;s SOLX token a huge annual yield of 226%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001624 each using BNB, ETH, USDT, or a bank card.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400\">Buy SOLX here before a price hike in 18 hours to secure the best deal<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h3>Related News:<\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a 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Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":618935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-623914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Price Surges 11% As Traders Rush To Buy This SOL ICO<\/title>\n<meta name=\"description\" content=\"The XRP price surged 11% as Trump pauses tariffs on Canada and Mexico, boosting crypto markets, while traders flock to this Solana ICO.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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