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17 11, 2024

Dogecoin (DOGE) Price Prediction: Future Looks Promising with a 100% Rally in Sight but Not as This Cheaper $0.07 DOGE Alternative Hits $2

By |2024-11-17T17:54:18+02:00November 17, 2024|Crypto News, News|0 Comments

The cryptocurrency market is now spinning energetically and two new tokens Dogecoin and Rexas Finance are receiving boosting attention from investors. Dogecoin which is one of the most well-known meme coins has recently seen an increase in its price after the massive involvement of well-known investors while Rexas Finance which is the new platform with real-world asset-backed tokenization is also having an extraordinary presale campaign.Both tokens have growth potential, with some forecasts proposing that owning these tokens could turn the initial investors into millionaires. However, Analysts have predicted Dogecoin could grow up to 100%, while Rexas Finance could reach up to 8,407%, as it becomes popular among investors.

Dogecoin’s Recent Rally Fueled by Whale Accumulation and Political Influence

Dogecoin has once again risen in popularity and recent statistics provide evidence pointing to large investors purchasing over 2.1 billion DOGE tokens within the past week. This level of whale activity, the highest in two months, usually indicates market bullishness. DOGE is currently priced at $0.2641, 78.3% up in the last 7 days, and peaked at a price that it was at in November 2021. However, Major traders are showing renewed interest in DOGE due to their cyclicality in the price movements which has been attributed by analysts to suggest that DOGE could be in a long-term bullish run. A major component of Dogecoin’s recent gains is attributed to celebrities and influencers. Tesla and SpaceX CEO Elon Musk has endorsed Dogecoin repeatedly in recent months, even using his presence on Twitter to improve its value. Furthermore, following the recent election of Donald Trump as US President, Dogecoin has brought a new variable to the development of the coin. A proposal made by Trump to create a new ministry of government efficiency (D.O.G.E.) for Musk to lead, has aroused interest among investors of Dogecoin. According to some analysts, the emergence of this department can trigger a sane hike in DOGE prices.

Rexas Finance (RXS) to Soar 8,407% Amidst Rising Demand for Tokenized Real Assets

Speculation is also high on Rexas Finance, which operates in tokenizing Real World Assets such as real estate. In the presale stages currently in stage 5, the price for RXS tokens has risen to $0.07 with 73% of tokens sold in presale round 5. Bullish stakes are taken early to make a fortune as the presale advances towards the final listing price of $0.20. The value proposition of Rexas Finance is based on its distinction as a platform focused on real estate, commodities, and Intellectual Property assets tokenization. Tokenization of real assets increases both its liquidity and accessibility it becomes more appealing to the average investor. It can be estimated that the RXS token could jump in price by up to 8,407% when it enters mainstream exchanges since asset-backed tokens are considered to be in great demand now along with innovative approaches to the development of decentralized finance.

CertiK Audit Approval Boosts Investor Confidence in RXS Token’s Security

Rexas Finance has gained credibility in terms of its security and trust as a result of a recent CertiK Audit. RXS tokens were verified by CertiK, a top blockchain security auditing firm, as high security that makes transactions of investors safe. This independently verified becomes an extra layer of trust, confirming there are no vulnerabilities in the RXS token system. Rexas Finance has taken a huge step toward establishing this security milestone, the times when Rexas Finance eases the traders to invest in tokenized assets securely. The assurance of RXS token’s safety has increased its demand further as a CertiK-certified platform. With the platform added to CoinMarketCap and CoinGecko, Rexas Finance is definitely on an upward trend toward gaining credibility and going the distance in the cryptocurrency industry.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

 

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17 11, 2024

XRP Still Down 69% After Recent Gains

By |2024-11-17T15:53:25+02:00November 17, 2024|Crypto News, News|0 Comments

Ripple-affiliated cryptocurrency XRP extended its stunning rally during the weekend, surging to a new 2024 peak of $1.26 on the Bitstamp exchange.

This is the highest level that the cryptocurrency has hit since November 2021.

In fact, the rally was so intense that Binance, the leading cryptocurrency exchange by global trading volume, temporarily stopped processing withdrawals.

The controversial token has surged by more than 110% during this November, outperforming most other major altcoins.

As reported by U.Today, the rally intensified earlier this week amid rumors about the imminent resignation of SEC Chair Gary Gensler and expectations of more accommodating cryptocurrency regulations.

XRP is still down 69%

While XRP has secured rather impressive short-term gains, it is still down roughly 69% from its record peak that was recorded almost seven years ago.

According to data provided by CoinGecko, XRP remains one of the worst-performing tokens. For comparison, Bitcoin and Ethereum (ETH) are down 3% and 36% from their respective lifetime peaks. Dogecoin (DOGE), the most valuable meme coin, is down 51%.

There are still some major altcoins that managed to underperform XRP. Cardano (ADA), for instance, is down 76% from the peak that was achieved in September 2021. Shiba Inu (SHIB) and Avalanche (AVAX) are also in the same boat, with both coins losing more than 70% of their peak value.

Ripple co-founder transferring XRP

Meanwhile, Arthur Britto, one of the Ripple co-founders, has started transferring XRP tokens amid the blistering rally. Britto recently transferred 80 million XRP, with 10 million tokens moving to the Binance exchange.

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17 11, 2024

DOGE Price Prediction for November 17

By |2024-11-17T13:52:18+02:00November 17, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Buyers keep controlling the situation on the market on the last day of the week, according to CoinMarketCap.

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Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has declined by 4.30% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of DOGE is testing the local resistance of $0.3679. If bulls’ pressure continues and the daily candle closes near that mark or above, the breakout may lead to a test of the $0.38 area.

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Image by TradingView

On the daily time frame, the rate of DOGE has made a false breakout of the resistance of $0.3513. If the bar closes far from it, the growth may continue to the important zone of $0.40. Such a scenario is relevant for the upcoming week.

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Image by TradingView

From the midterm point of view, the price of the meme coin is far from the key levels. In this case, one should focus on the weekly candle closure in terms of its peak.

Related

Bitcoin (BTC) Price Prediction for November 16

If it happens near $0.40, the upward move is likely to continue. In another case, there is a possibility of a correction to the $0.30 range.

DOGE is trading at $0.3662 at press time.

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17 11, 2024

Cardano (ADA) Price Prediction, Solana (SOL) & Lunex Network (LNEX) See Massive Inflow of Investors

By |2024-11-17T11:51:10+02:00November 17, 2024|Crypto News, News|0 Comments

Lunex Network (LNEX) is making a lot of noise in the crypto space. It has already given early buyers a +100% return – a percentage that rises every three days. Plus, this DeFi project could disrupt the entire market by connecting all isolated blockchains and launching a non-custodial trading platform.

On it, people will easily trade many crypto coins across different blockchains. Furthermore, Lunex Network will not require any sign-up KYC checks, meaning traders will remain anonymous. With millions of traders becoming more privacy-conscious thanks to data leaks, Lunex Network could become a fan favorite for millions.

The LNEX native token will fuel this platform. By holding it, people will get discounts on trading fees, passive income via staking, and more. Currently, one LNEX costs just $0.0026; however, its price will rise as the presale advances. Its expected launch price is $0.0216, which means a potential 900% return for all those who buy it now.

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17 11, 2024

BTC Slips to $90K, XRP Rally, Meme Coins Fall

By |2024-11-17T07:49:19+02:00November 17, 2024|Crypto News, News|0 Comments

Cryptocurrency Prices Today: Bitcoin fell below $90K, trading within the range of $87,500 to $93,000 for the past four days. Meanwhile, XRP price broke above $1 after a more than 25% upside in a day, hitting a two-year high. The Meme coins sector saw massive selloffs, with PNUT price dropping by 15%. NEIRO, MOG and POPCAT, PEPE prices tumbled 6-13%.

The global crypto market cap jumped 0.28% to $3.04 trillion, but total crypto market volume dropped by 10% amid selling by traders.

Here’s a brief overview of some of the top cryptocurrencies by market cap and their price movements on November 17.

Cryptocurrency Prices Today: BTC and XRP Hold Market Gains

Bitcoin is trading at $90,416, maintaining its recent strength, While Ethereum (ETH) has declined by 1.81% from yesterday, Solana (SOL) surged, gaining 5.27% and diverging from ETH’s movement.

XRP became the top performer among the leading cryptocurrencies, rising by 12.43%. This boost added to the overall bullish market sentiment.

Bitcoin Price Today

Bitcoin (BTC) is trading at $90,416, reflecting a 0.80% decrease from the previous day. Over the past 24 hours, BTC low and high ranged between $89,417 and $91,763, respectively. Bitcoin market cap stands at $1.79 trillion, with a market dominance of 59.19% and a trading volume of $44 billion.

In an interesting development, a Satoshi-era Bitcoin whale has earned $180 million after holding BTC for 14 years. This impressive gain underscores the remarkable returns that early adopters of Bitcoin have achieved over time.

Ethereum Price Today

Ethereum (ETH) has declined by 1% and is currently trading at $3,122. Its 24-hour low and high ranged between $3,039 and $3,218. Ethereum’s market cap now stands at $371 billion, with a market dominance of 12.31%, and a trading volume of $28 billion in the past 24 hours.

Analysts expect Ethereum price to break through the $4,000 mark, as it remains tightly bound below this critical resistance level.

Solana Price Today

Solana (SOL) has increased by 5.61% over the last 24 hours, with its price now at $233. The coin’s daily low and high have been $212 and $235, respectively. With a current market cap of $110 billion, Solana ranks as the fourth-largest cryptocurrency by market capitalization.

Technical indicators suggest a positive outlook for Solana, with many analysts forecasting a potential rise toward the $1,000 mark in the near future. The coin’s strong performance is seen as a signal of growing investor confidence and interest in Solana’s long-term potential.

XRP Price Today

XRP has rallied impressively, surging 12.3% in the past 24 hours and currently trading at $1.02. The token’s daily low and high were $0.94 and $1.256, respectively, with a substantial 24-hour trading volume reaching $24.05 billion. The price jump today has ranked it as the sixth-largest cryptocurrency by market cap, holding a 2.3% market dominance.

This surge in XRP value comes as the U.S. embraces a more crypto-friendly stance, with plans to support American-origin cryptocurrencies. Additionally, Ripple whales are actively buying after a strong breakout amid a favorable outlook.

Meme Crypto Prices Today

Dogecoin (DOGE) is down by 6.95% and trading at $0.351 with a 24-hour range of $0.341 to $0.389. DOGE has surged 54% over the past week and has gained an impressive 164% over the past month, making it the seventh-largest cryptocurrency by market cap. This surge is reflective of increased investor interest, with meme coins seeing a resurgence in popularity.

Similarly, Shiba Inu (SHIB) has declined by 5.17% and is currently trading at $0.00002408. Over the past week, SHIB is up by 7%. SHIB’s performance over the last quarter, with an 82.61% increase, signals renewed optimism around this popular token, particularly as interest in meme coins remains high.

Other meme coins have also recorded loss over the past 24 hours. Pepe Coin, WIF and BONK are each down between 3-6%, while SLERF token stands out with a significant 42% increase. These price movements underline the broad interest across meme coins, as they continue to capture the attention of the crypto market.

Top Cryptocurrency Gainers Prices Today

Mantra Price Today

Mantra (OM) token has seen a 35% increase in the past 24 hours, now trading at $2.224. The coin’s 24-hour trading range was between $1.660 and $2.723, showing significant volatility. The continued rise suggests growing demand for Mantra’s platform and services.

Sandbox Price Today

Sandbox (SAND) witnessed a 23% surge in the last 24 hours. The coin is currently trading at $0.3606, with a 24-hour low of $0.2957 and a high of $0.3984. The trading volume saw a 450% jump in the last 24 hours.

Stellar Price Today

Stellar (XLM) is trading at $0.19, reflecting a massive gain with a 24-hour low of $0.133 and a high of $0.2010. The 27% change indicates some volatility, but the coin remained steady.

Top Cryptocurrency Losers Prices Today

Peanut the Squirrel

Peanut the Squirrel (PNUT) has dropped by 15% in the last 24 hours, currently trading at $1.59. Its 24-hour low and high were $1.63 and $1.93, indicating some selling pressure over the past day.

Neiro (First Neiro on Ethereum)

Neiro (NEIRO), the first Neiro coin on Ethereum, is trading at $0.002, down by 2.5% in the last 24 hours. The coin’s range for the day has been between $0.002 and $0.0024.

Dogecoin (DOGE)

Dogecoin (DOGE) has seen a 6% decrease in the last 24 hours, trading at $0.3541. The coin’s 24-hour range is $0.3417 to $0.3899, showing volatility compared to some other assets in the market.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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17 11, 2024

How high will Bitcoin go? Here’s what prediction markets say

By |2024-11-17T05:47:25+02:00November 17, 2024|Crypto News, News|0 Comments

Prediction markets had a breakout moment during the presidential election, when they proved to be more accurate than most opinion polls.

So with various cryptocurrencies soaring since Donald Trump won the election, maybe prediction markets can accurately answer the question, “How high will Bitcoin go?”

On the crypto-based Polymarket, where the so-called French whale netted a massive post-election windfall, bettors have various options for Bitcoin, which is currently trading at about $91,000.

For a contract on what price Bitcoin will hit in November, the odds are 72% that it will reach $95,000. The price with the next highest odds is $105,000 at 23%, then $110,000 at 14%.

A separate contract that asks if Bitcoin will be above $90,000 on Nov. 22 shows 60% odds, while yet another contract asking if Bitcoin will reach $100,000 in November only has a 42% chance.

On the prediction market Kalshi, a contract that asks how high Bitcoin will get before 2026 shows 52% odds for $125,000 or above and 44% odds for $150,000 and above.

If prediction markets aren’t your thing, and you prefer a forecast from a more conventional Wall Street analyst, there’s Fundstrat Global Advisors cofounder Tom Lee.

Among the forecasters surveyed by Bloomberg, his stock market call in 2023 turned out to be the most accurate.

As for Bitcoin, he said in March that it could hit $150,000 by year-end. While that looks less likely now with just a month and a half left in the year, Lee told CNBC last week that “six figures” is still possible before the end of the year with more gains in 2025 in 2026.

“I think now because post-halving, Bitcoin is becoming a lot more relevant, and I think maybe the regulatory overhang is diminishing, there’s a lot of upside from here,” he explained.

Bitcoin has already soared 32% so far in November alone and has more than doubled this year. To get to $100,000, it would have to climb another 10%.

But there are signs that the post-election rally is stalling as the stock market notched a losing week. Still, key components of the “Trump trade” are riding high, like Tesla stock, Treasury yields, and the dollar.

Meanwhile, Quinn Thompson, the founder of the crypto hedge fund Lekker Capital, told Fortune this past week that he’s optimistic Bitcoin will attain the $100,000 milestone soon.

“I feel good that we hit it by year-end,” he said. “Very possible by end of month, but we’ll see.”



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17 11, 2024

Ripple Whales’ Massive Buying Indicates Breakout Ahead

By |2024-11-17T03:46:26+02:00November 17, 2024|Crypto News, News|0 Comments

XRP News: Ripple’s XRP token has surged past $1 rising over 30% and reaching its highest level since November 2021,, sparking optimism in the broader market. Notably, the rally comes as Ripple whales have continued their accumulating, signaling growing interest in the crypto.  Also, the rise was fueled by speculation about a potential meeting between President-elect Donald Trump and Ripple CEO Brad Garlinghouse.

XRP News: XRP Surges Past $1 on Whale Activity, Trump Meeting Rumors, and Regulatory Hopes

In a recent interview with FOX, CEO Brad Garlighouse highlighted the growing trend of the crypto issued by US firms like Solana, Cardano, and others. It’s been furthered with the certainty of a meeting between Ripple CEO Brad Garlinghouse and President-elect Donald Trump, as he seemed to have liked a post by a source close to the matter, Zach Rector, who claimed such a meeting took place.

Although Garlinghouse did not confirm the meeting, his like on the post was considered an endorsement of the claim. Adding drama, an interview with Garlinghouse on FOX Business regarding this supposedly impending meeting caused him to crack a joke and avoid speaking on the details, anchoring an implication of his affirmation.

This rumor comes when expectations of friendly regulation from the Trump administration keep increasing, which could boost Ripple and its XRP token, among other cryptocurrencies. Speculation is heightened by the prospect that Trump’s recapture of office may change regulatory positions to be more friendly towards blockchain and crypto innovation.

Also, in the other developments, Judge Torres has released new documents, officially clearing the way for all U.S. banks and institutions to process payments using XRP.`

Trump’s win has not only fueled domestic interest but, as Garlinghouse highlighted, has also spurred international players, such as the UK, to accelerate their own crypto regulatory strategies in an effort to counterbalance America’s growing influence in the blockchain and digital asset space. This competition among nations underscores the escalating global race to establish dominance in the crypto market.

Ripple Whale Buying Sparks Market Optimism

The crypto market noted a strong rally over the last few days, led by a Bitcoin price surge, especially after Donald Trump’s election win. Additionally, in XRP news, Ripple whales have accumulated millions of tokens over the last few days, sparking a rally in XRP.

Prominent crypto market expert Ali Martinez said that Ripple whales have accumulated 320 million XRP in the last 72 hours. This also reflects the growing market interest in crypto amid positive market trends.

XRP News Riplle Whale
Source: Ali Martinez, X

Besides, in a recent interview with FOX, CEO Brad Garlighouse highlighted the growing trend of the crypto issued by US firms like Solana, Cardano, and others. Besides, he has also described the post-election sentiment as a transformative opportunity for the digital assets space, expecting pro-crypto policies to further boost market confidence.

Meanwhile, he also said that XRP, SOL, and ADA, among others, have recently outperformed other crypto due to anticipation over clear regulations in the US. Donald Trump’s win has fueled the US appeal for the global crypto market enthusiasts, with many like the UK also moving ahead with their plan to counter the soaring influence of the country.

XRP Rally To Continue?

XRP price was up over 31.3% during writing and exchanged hands at $1.15, marking its highest level since 2021, sparking market optimism. Its trading volume soared 60% to $21.44 billion.

In addition, popular crypto market analyst EGRAG CRYPTO said that the next target for XRP is $2. This has also sparked the confidence of the market participants over further rallies in the coming days for the crypto. Besides, the clear regulatory path in the US could also bring XRP ETF into reality, which the market has waited for a long time.

XRP price chartXRP price chart
Source: EGRAG CRYPTO, X

Besides, in another analysis, EGRAG CRYPTO said that the XRP price might rally to $6.4 next, if it closes maintains above the $1.10 resistance. Besides, the analyst also said that post $6.4, the next target for the crypto would be at $13, bolstering market confidence.

XRP ChartXRP Chart
Source: EGRAG CRYPTO, X

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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17 11, 2024

Bitcoin (BTC) Price Prediction for November 16 — TradingView News

By |2024-11-17T01:45:52+02:00November 17, 2024|Crypto News, News|0 Comments

The weekend has started positively for most of the top 10 coins, according to CoinMarketCap.CoinMarketCap”>

BTCUSD

The price of Bitcoin BTCUSD has risen by 0.71% over the last 24 hours.TradingView”>

On the hourly chart, the rate of BTC is breaking the local support of $90,900. If the daily bar closes below this level or near it, the drop may continue to the $90,000 range tomorrow.TradingView”>

On the bigger time frame, the price of the main crypto has once again bounced off the resistance of $91,846. If sellers’ pressure continues, there is a possibility of a correction to the $89,000-$90,000 range soon.TradingView”>

A better picture is on the weekly chart. At the moment, there are no reversal signals yet.

If the candle closes near its peak, traders may witness a test of a new all-time high shortly.

Bitcoin is trading at $91,011 at press time.

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16 11, 2024

Here’s How High XRP Price Could Rise After Crossing $1

By |2024-11-16T23:44:23+02:00November 16, 2024|Crypto News, News|0 Comments

Crypto analyst Egrag Crypto has provided insights into how high the XRP price could rise following its rally above $1. XRP’s rally above $1 marked a two-year high for the crypto, which had before now remained stagnant even while the broader crypto market enjoyed significant gains.

XRP Price To Rally To $4 After Breakout Above $1

In an X post, Egrag Crypto predicted that the XRP price could rally to as high as $4.96 following the breakout above $1. This came as he analyzed XRP’s market cap and explained why it could reach $1.83 trillion. He noted that the market cap is closing above Fib 0.07 ($51.35 billion) and has reached Fib 0.786 ($60.06 billion).

The analyst also revealed that XRP is breaking through a multi-year ascending trendline that goes back to 2017. He remarked that this is super bullish for the crypto. Egrag Crypto said that a monthly candle close above the Fib 0.786 would lead to a confirmed market cap of $283.42 billion (Fib 1.618), which would be next for the XRP price. A market cap of $283.42 billion would put XRP at $4.96.

In the short term, Egrag Crypto said that the goal for this week is for XRP to close the partial weekly candle above $1.10. His accompanying chart showed that a close above this candle could further confirm the rally to $4.96 and even higher.

Here’s How High XRP Price Could Rise After Crossing

Amid this price prediction, it is worth mentioning that XRP whales are actively accumulating the coin, which presents a bullish outlook since these whales could also contribute to a sustained price rally. These XRP whales have bought over 320 million XRP in the last 72 hours.

Meanwhile, in an X post, crypto analyst Javon Mark predicted that another $190% rally to XRP’s current all-time high (ATH) was loading. He indicated that the crypto would break well above $3.3 once it reaches its current ATH.

A Repeat Of The 2017 Bull Run

Crypto analyst Charting Guy suggested that the XRP price could replicate its 2017 bull run. In an X post, the analyst stated that the XRP monthly Bollinger bands are finally expanding and giving the 2017 vibes. In 2017, the crypto rallied by over 61,000%, eventually hitting its current ATH the following year.

Crypto analyst Mikybull Crypto also suggested that the XRP price could replicate its 20217 bull run. He stated that his technical analysis instinct was telling him that XRP would pull a hated rally like 2017. His accompanying chart shows that XRP could rally above $5 when this hated rally occurs.

Ripple CEO Brad Garlinghouse recently cited the imminent pro-crypto policies under Donald Trump as one of the reasons for XRP’s recent rally. The crypto is up over 100% in the last seven days amid rumors that the US SEC Chair could resign soon enough, a development which further presents a bullish outlook for XRP.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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16 11, 2024

XRP Price Prediction: XRP Jumps 70% to $1.07 Amid Driven by SEC Win

By |2024-11-16T21:43:54+02:00November 16, 2024|Crypto News, News|0 Comments

XRP has surged 70% this week, trading at $1.07 after a significant breakout from a multi-year symmetrical triangle pattern on the daily chart.

Ripple CEO Brad Garlinghouse attributes the rally to optimism surrounding pro-crypto policies under President-elect Donald Trump and a potential easing of regulatory pressures from the U.S. Securities and Exchange Commission (SEC).

In a recent FOX interview, Garlinghouse referred to Trump as a “crypto president,” emphasizing his openness to blockchain innovation. “The U.S.-linked assets, such as XRP, SOL, and ADA, are thriving due to reduced SEC constraints,” Garlinghouse stated, further hinting at a more favorable regulatory environment ahead.

https://twitter.com/BintikEth/status/1857724274678599879

Key Price Levels to Monitor

XRP’s rally is supported by strong technical indicators and increased market participation. Here are the critical levels to watch:

  • Pivot Point: $1.02
  • Immediate Resistance: $1.16
  • Next Resistance Levels: $1.23 and $1.34
  • Immediate Support: $0.95
  • Next Support Levels: $0.76 and $0.62

The breakout above the psychological $1 mark, coupled with a bullish engulfing candle, indicates sustained upward momentum. A move past $1.16 could pave the way for XRP to test $1.23 and $1.34. However, support at $0.95 serves as a crucial safety net in case of retracements.

Bullish Market Indicators Back XRP Momentum

Technical indicators confirm the bullish outlook for XRP:

  • RSI (Relative Strength Index): At 76, the RSI reflects strong buying activity, though it’s nearing overbought territory.
  • 50 EMA (Exponential Moving Average): At $0.60, this EMA serves as a robust support for the ongoing uptrend.
  • 200 EMA: Positioned at $0.56, it further validates the strength of XRP’s breakout.

https://twitter.com/pcri2021/status/1857593706951721250c

Additionally, trading volume has exceeded $15 billion in the past 24 hours, highlighting heightened interest from both institutional and retail investors. The derivatives market also shows a 13% rise in open interest, suggesting a growing appetite for speculative trades.

XRP Price Chart - Source: Tradingview

Conclusion: What’s Next for XRP?

XRP’s breakout above $1 and its symmetrical triangle pattern suggest further bullish potential. Should the $1.16 resistance level be cleared, XRP could target $1.34 and $1.50 in the coming weeks. However, investors should remain cautious of potential consolidations due to overbought conditions.

Ripple’s legal progress, coupled with a shifting regulatory landscape, positions XRP for sustained growth, making it a focal point for both traders and long-term investors.



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