Recent Crypto Updates: XRP Surges, PEPE Pulls Back, Furrever Token Sale Nears End
XRP Rallies with Green Performance
As of Friday afternoon (July 12, 2024), Ripple (XRP) has seen a significant increase of 14.58% over the week, with a 24-hour gain of 4.35% to $0.466. This marks a substantial improvement from its recent low of $0.400 on July 5, 2024. The coin's current resistance stands at $0.499, with a local peak of $0.522. For further upward momentum, XRP must overcome subsequent resistances at EMA-100 ($0.50610) and EMA-200 ($0.52951). XRP's positive momentum is also evident in its bullish MACD crossover and green histogram.
PEPEcoin Drops 11% in Daily Trading
In contrast to XRP's gains, the world's third-largest meme coin, Pepecoin (PEPE), has faced a significant sell-off, losing 11% in a single day. This correction has halted its weekly uptrend of 3%, bringing the current price to $0.000008335. The sell-off has contributed to a 37% decline for PEPE over the past 30 days. Technically, PEPE failed to sustain above the MA-100 resistance of $0.000009930 on July 11, 2024. It is currently testing the EMA-200 ($0.000007786) as potential support, having reached it on July 5 and 8, 2024. The MACD indicator also does not suggest an imminent bullish crossover yet.
Furrever Token Presale Nears Completion
In other crypto news, the Furrever Token presale is approaching its final stage, with batch 9 currently underway. This marks the culmination of the token sale process before FURR launches and becomes available for trading on crypto exchanges. The FURR presale has reportedly raised $1.6 million, with the Telegram community growing to 4,800 members. Furrever Token is a new cryptocurrency project in the meme coin sector, featuring a cat-themed concept with collectible NFTs. The presale concludes on July 15, 2024, with a 150% bonus still available using the code LAUNCHFURR150. FURR is expected to list on Pancakeswap on July 16, 2024, at $0.0009. The project has stated that team tokens will be locked for a year and that liquidity pools will be locked for two years.