XRP Soars 27%, Becoming Third-Largest Cryptocurrency
XRP's price has surged 27% in the last 24 hours to $2.3816, with a 94% increase in trading volume to $30.8 billion. The Ripple token has experienced a remarkable 368% surge in the past month, propelling it to the position of the third-largest cryptocurrency after Bitcoin and Ethereum.
Technical Analysis
XRP's upward trend is characterized by higher highs and lows, indicating a strong bullish momentum. Support levels have been established at $1.8 and $1.5. The price has maintained its trajectory above the 50-day and 200-day SMAs.
The RSI is in overbought territory, suggesting that the asset is overextended in the short term. However, the MACD indicates continued bullish momentum. The histogram bars are rising, showing increasing bullish strength.
Price Prediction
If buyers maintain control, XRP's price could target psychological levels of $2.50 and $3.00. However, overbought RSI and extended MACD suggest potential pullbacks or consolidation phases. Support levels to watch are $2.00 and the 50-day SMA at $1.62.
Other News
Pepe Unchained (PEPU), a Pepe alternative, has raised over $63.8 million in its presale. YouTube channel 99Bitcoins predicts it has the potential for a 100X surge. There are 11 days left before Pepe Unchained's listing, with speculation of a potential listing on Coinbase or Binance.
Token holders can earn passively through PEPU's staking system, which offers an APY of 56%. Investors can purchase PEPU tokens for $0.01295 each from the official website using ETH, USDT, or a bank card.