- Current XRP Price Analysis
- Pepe Unchained as a Promising Meme Coin
- Related News Information
Over the last 24 hours, the XRP price jumped by 2% to trade at $0.5755 with a trading volume of $1.2 billion. This article explores the reasons behind this rise and Bitnomial Exchange's plans to introduce XRP/USD futures.
Current XRP Price Analysis
In the past week, XRP invalidated the rounding bottom pattern, dropping from the $0.64 resistance within a falling channel pattern. However, currently, it trades above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating an uptrend. The RSI is rebounding from the 50-midline level to currently trade at 51, which shows signs of a rebound as buying intensifies. The MACD also trades above the neutral line, indicating a bullish trend. If this trend continues, XRP's price may target $0.70. Otherwise, a fallback to $0.50 is possible.
Pepe Unchained as a Promising Meme Coin
Pepe Unchained, a new project on Ethereum Layer-2, has already raised over $8.6 million in early funding. The project aims to solve scalability and speed issues that plague meme coins on the Ethereum Layer-1 blockchain. Token holders can also earn passively through a staking system with an annual percentage yield (APY) of 226%. The $PEPU token is priced at $0.0090539, with a price hike expected in less than 19 hours.
Related News Information
Related information includes Bitcoin price predictions for 2024 and an analysis of the pros and cons of participating in crypto presales. More details can be found in the following sources.
The XRP price shows signs of an uptrend thanks to the rise in RSI and surpassing the SMA levels. Attention also shifts to the promising meme coin Pepe Unchained, which could offer high returns and solve current scalability issues. Keep a close watch on further developments.
