XRP Price Prediction: As Ripple CTO Warns Of FOMO Risk ON RLUSD Shortage At Launch, Traders FOMO Buy This Pepe ICO
Release: 2024/12/16 17:54 Reading: 997
src="/uploads/20241216/17343450066760012ec4aa8.png">
The XRP price has experienced a slight decline over the past 24 hours, currently trading at $2.39 as of 3:46 a.m. EST, indicating a decrease in investor interest in the cryptocurrency. In parallel, RLUSD, a new dollar-pegged stablecoin from Ripple Labs, is poised to launch, raising concerns about potential supply shortages during the initial stages of its release.
Technical Analysis of XRP
The XRP price has been consolidating within a range between $2.1179 and $2.4347 over the past few days. Currently, it hovers near the upper boundary of this range, attempting to break out to the upside. A 4-hour candle close above $2.4347 could signal a breakout and potential upside movement towards $2.6532 or even $2.8936 in the near term.
On the downside, a rejection at $2.4347 could lead to a correction, with prices potentially falling back to the lower boundary of the consolidation channel at $2.1179. Continued selling pressure could then result in a decline towards $1.8448.
Technical indicators on the 4-hour chart suggest a potential correction for XRP. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicator point to bearish conditions. The MACD line has crossed below the MACD signal line, indicating a shift towards bearish momentum. The negative slope of the RSI line further supports this bearish sentiment.
Based on these technical signals, XRP could potentially test the $2.1179 support in the near term.
While Ripple Labs anticipates the launch of RLUSD and XRP attempts to break out of consolidation, investors are also关注 a new PEPE spinoff called Wall Street Pepe (WEPE), which has garnered significant attention during its presale, raising nearly $25 million in the past 12 days.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com