XRP Price Jumps 2% As Rumors For XRP ETFs Resurface, But Bullish Traders Are Flocking To This Crypto For Its 226% APY
Release: 2024/08/14 20:14 Reading: 851
XRP Price Analysis
Over the past 24 hours, XRP has experienced a jump of 2%, trading at $0.5755 as of 03:34 a.m. EST. The trading volume has slightly decreased to $1.2 billion.
XRP ETF Speculation
XRP ETFs have garnered attention following Bitnomial Exchange's disclosure to the CFTC about plans to introduce XRP/USD futures contracts. This has led to speculation about a potential XRP ETF launch as regulatory clarity surrounding XRP continues to improve.
XRP Price Technicals
According to GeckoTerminal data, XRP has invalidated its rounding bottom pattern, falling from a resistance of $0.64 within a falling channel pattern. The price is now attempting to ascend above the channel, trading above both the 50-day and 200-day Simple Moving Averages (SMAs). This suggests an uptrend for XRP.
Further, the Relative Strength Index (RSI) is also recovering from the 50-midline level, currently at 51. This indicates that XRP is balancing at the moment but is showing signs of rebounding as buying increases.
The Moving Average Convergence Divergence (MACD) also trades above the neutral line, confirming XRP's bullish trend.
If the uptrend continues, XRP could reach $0.70.
Pepe Unchained (PEPU)
As XRP anticipates a potential bull rally, investors are purchasing the new upgrade, Pepe Unchained (PEPU). This project has already secured over $8.6 million in early funding.
According to 99Bitcoins, a well-known crypto channel on YouTube, $PEPU is one of the most promising cryptocurrencies to invest in currently, with a potential return of 100x.
Pepe Unchained intends to emulate the success of its predecessor, PEPE, which has provided exceptional returns to early investors. The project strives to free Pepe from the confines of his old Layer-1 server room and will operate on its own Ethereum Layer 2 blockchain.
By addressing the scalability, speed, and efficiency issues that frequently affect meme coins built on the Ethereum Layer-1 blockchain, Pepe Unchained seeks to innovate in this space.
Token holders can also generate passive income through the platform's staking system, which offers an annual percentage yield (APY) of 226%.
Presently, $PEPU tokens can be purchased for $0.0090539 each. A price increase is expected in less than nineteen hours, so seize the opportunity to secure the best deal.
To participate in the presale, visit the official website src="/uploads/20240814/172364085166bcac1378639.png">.
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