XRP Price Prediction: Ripple Token Surges 9% As Pepe Unchained Presale Raises Almost $22 Million In A Week Amid A FOMO Frenzy
Release: 2024/12/01 20:14 Reading: 348
XRP Price Prediction: XRP Sustains Bullish Momentum
The XRP price surged by 9% over the past 24 hours, reaching $1.886 as of 7:56 p.m. EST. However, trading volume declined by 6% to $16.7 billion, according to CoinGecko.
Technical Analysis
The XRP/USD chart on the 12-hour timeframe reveals a strong bullish trend, with a parabolic price movement since mid-November. Key resistance levels have been broken, indicating positive momentum.
The 50-day and 200-day Simple Moving Averages (SMAs) remain below the current price, suggesting sustained bullish sentiment.
The Relative Strength Index (RSI) is well into the overbought zone at 76, indicating high bullish momentum but also a potential for short-term setbacks as buyers may withdraw profits.
The Moving Average Convergence Divergence (MACD) displays strong bullish momentum, with the MACD line above the signal line and increasing divergence. However, the overbought RSI suggests a possible pause or deceleration in price gains.
Target and Support Levels
If the bullish momentum continues, XRP could potentially cross the psychological level of $2.00 and aim for $2.20.
Key support levels include $1.32 and $1.05, which may act as temporary shelters if the price corrects.
Pepe Unchained Presale
While XRP gains traction, investors are also exploring src="/uploads/20241201/1733058006674c5dd6df8ce.png">. Pepe Unchained ($PEPU) is a presale offering a potential 100x return after launch, according to 99Bitcoins.
Pepe Unchained has raised over $61.98 million and is close to listing on major exchanges like Coinbase and Binance. The project aims to "unchain" Pepe from Ethereum's Layer-1 blockchain by launching on its proprietary Layer 2 chain.
Token holders can earn passively through staking, with an annual percentage yield (APY) of 57%. To participate in the presale, visit the website and purchase $PEPU tokens for $0.1295 each using ETH, USDT, or a bank card.
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