XRP Price Prediction: As Ripple Token Pumps 5%, Traders Rush To Buy This Meme Coin Presale With 689% Staking APY
The XRP price pumped 5% in the last 24 hours to trade at $1.50 as of 04:44 a.m. EST on trading volume that plunged 13% to $12.3 billion, according to CoinGecko. XRP Price On A Sustained Bullish Rally This XRP/USD chart shows a significant bullish trend for the XRP price, with a clear breakout from a consolidation phase followed by a strong uptrend. Meanwhile, the price of XRP is trading well above both the 50-day (blue line) and 200-day (light blue line) moving averages. This indicates strong upward momentum. After a parabolic rise, the price of XRP then went through some cooling off, which caused XRP to plunge from the $1.56 resistance to the $1.28 support zone. However, the bulls have used this support to propel the token up, forming a rounding bottom pattern. The rounding bottom pattern is a bullish reversal pattern, which could see the price of XRP soar even higher. The Relative Strength Index (RSI) has recovered from overbought territory (>70) during the parabolic move a...
