Price: $0.38596 -3.5945%
Market Cap: 56.83B 1.5577%
Volume (24h): 4.21B 0%
Dominance: 1.5577%
Price: $0.38596 -3.5945%
Market Cap: 56.83B 1.5577%
Volume (24h): 4.21B 0%
Dominance: 1.5577% 1.5577%
  • Price: $0.38596 -3.5945%
  • Market Cap: 56.83B 1.5577%
  • Volume (24h): 4.21B 0%
  • Dominance: 1.5577% 1.5577%
  • Price: $0.38596 -3.5945%
Home > Information news > Gary Gensler Steps Down—Is XRP Set to Soar? Which Altcoins Will Follow Its Lead?

Gary Gensler Steps Down—Is XRP Set to Soar? Which Altcoins Will Follow Its Lead?

Release: 2024/11/17 22:48 Reading: 728

Original author:ETHNews

Original source:https://coinmarketcap.com/community/en/articles/6739f48264953e75ac51bbf7

Gary Gensler Steps Down—Is XRP Set to Soar? Which Altcoins Will Follow Its Lead?

Crypto Market Buzzes as Gary Gensler's Departure Opens Doors

As markets speculate on Gary Gensler's potential departure from the SEC, excitement is brewing within the crypto realm. Traders and investors anticipate that this transition could fuel growth for XRP and other digital assets, introducing significant shifts in the regulatory landscape.

XYZVerse: A Sports-Fueled Memecoin Empire

Amidst these developments, XYZVerse emerges as a promising memecoin. This project aims to unite sports enthusiasts across various disciplines, creating a cultural force within both the sports and crypto communities.

XYZ: The VIP Pass to a Sports-Driven Revolution

XYZ serves as the exclusive key to the XYZVerse ecosystem. This memecoin positions itself as the MVP, empowering traders to leverage the growing demand for prediction markets.

Visualize the hype surrounding Polymarket's $1 billion trading volume during the presidential election, combined with the thrill of meme coins and sports betting. Millions of sports fans are eager to join the fray, and the XYZVerse ecosystem is primed for expansion, offering boundless rewards.

XYZ Presale: Your Chance to Score Big

The XYZ presale presents an unprecedented opportunity to join this explosive project before its launch. With projected thousand-fold returns, the presale plan boasts a remarkable 99,900% growth by the TGE. Prepare to outshine the likes of BOME and WIF as XYZ dominates the competition.

Featuring listings on major exchanges, audited smart contracts, and a vetted team, XYZ holds a strategic advantage. Embracing the first-mover advantage, secure your XYZ tokens now and become part of this monumental crypto championship.

XRP (XRP): Riding the Green Wave

XRP has surged in recent times. Its weekly gain stands at 46.37%, while monthly and six-month increases have reached 50.45% and 56.19%, respectively. These figures underscore XRP's robust upward trend.

Hovering between $0.52 and $0.64, XRP approaches the $0.69 resistance level. If breached, its next target could be $0.81. Technical indicators align with this optimistic outlook, with the Relative Strength Index at 63.43, Stochastic oscillator at 71.74, and MACD at 0.0286, hinting at further price rises.

Ondo Finance (ONDO): Signs of Promise, Volatility Remains

Ondo (ONDO) has experienced notable price fluctuations. Weekly gains of 14.33% and monthly increases of 13.38% stand in contrast to a 9.28% decline over the past six months. ONDO currently trades within a $0.66 to $0.94 range.

Short-term momentum appears positive. The RSI at 45.98 indicates a balanced state, while the Stochastic oscillator at 33.50 suggests potential for upward movement. However, the slight difference between the 10-day SMA of $0.84 and the 100-day average of $0.88 may indicate a neutral short-term trend.

If the climb continues, ONDO could encounter the $1.05 resistance level, signaling an 11% jump from its current high. Beyond that, the second resistance at $1.33 represents a potential 41% gain.

Pepe (PEPE): Soaring with Impressive Growth

Pepe (PEPE) has captivated the crypto community with its remarkable gains. Over the past six months, its price has skyrocketed by over 110%, with substantial growth in recent weeks. The past month has witnessed a surge of nearly 93%, while this week alone has seen an increase of approximately 82%.

Currently, PEPE trades between $0.000009034 and $0.00001431, approaching its $0.00001629 resistance level. Breaking through this threshold could open the path to the $0.00002157 resistance, potentially unlocking significant percentage gains.

Conversely, if prices decline, the nearest support lies at $0.000005738, below which the second support is located at $0.0000004616.

Technical indicators paint a mixed picture. The RSI at 44.65 suggests a neutral state, while the Stochastic indicator at 14.83 signals potential upward momentum. The MACD at -0.0000001204 hints at possible short-term bearish pressure. With the 10-day and 100-day SMAs above the current price, PEPE may face challenges in regaining its upward trajectory.

TRON (TRX): Steady Gains, Mixed Indicators

TRON (TRX) has exhibited significant movement. Over the past week, its price jumped by 11.80%, while monthly and six-month increases stand at 12.74% and 45.55%, respectively. These figures reflect growing interest and momentum in the market.

TRX currently trades within $0.16 and $0.17. The nearest resistance level is at $0.17, while the nearest support is at $0.16. If TRX breaks above $0.17, it could test the $0.18 resistance. Conversely, if it falls below $0.16, the next support level is at $0.15.

Technical indicators provide mixed signals. The RSI at 51.68 indicates neutral momentum, while the 10- and 100-day SMAs stand at $0.18, suggesting the price is slightly below its recent average. The MACD at -0.0003017 hints at potential bearish momentum. However, the overall upward trend over the past six months indicates growth potential if TRX can overcome resistance levels.

Conclusion: Opportunities Abound

The crypto market presents a wealth of opportunities. XRP leads the charge with strong gains, while Ondo and TRON exhibit growth potential. PEPE attracts attention despite challenges.

XYZVerse stands out, combining sports and meme culture with ambitious growth targets and a promising presale, positioning it as a key contender in this evolving landscape.

Stay informed and make informed decisions as the crypto world navigates this exciting transition.

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