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The XRP price surged 8% in the last 24 hours to trade at $2.48 as of 08:08 p.m. EST on trading volume that plunged 36% to $13 billion, according to CoinGecko.
XRP Price To Continue Rising After The Rebound
The XRP price, since mid-November, went through a parabolic curve, rising through higher lows and higher highs, to as high as $2.85. The price then went through a slight correction that pushed XRP back to the $2.20 support on the dotted horizontal line.
However, the price of XRP then capitalized on the $2.20 support to push XRP back up through a rebound, as the bulls aim to still push the price even higher.
The Ripple token now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish trend.
Meanwhile, the Relative Strength Index (RSI) seems to be rebounding from the neutral zone as it soars past the 50-midline level, currently at 57. This shows that buying pressure is picking up at the current level.
If the bulls push the price of XRP towards a sustained recovery above the $2.20 level, the Ripple token could soar, as they target $3.0.
XRP/USDT Chart Analysis (Source: Tradingview)
Conversely, if the bears take charge of the asset, XRP could plunge back to the previous support level at $1.88.
As the XRP price soars, investors are also sending cash to a new meme coin presale called Crypto All-Stars (STARS), which ClayBro, a popular crypto YouTuber with over 130K subscribers, says could soar 10X after its launch.
Last Chance To Buy Crypto All-Stars: Presale Ends In 13 Days
With more than $9.8 million raised so far, Crypto All-Stars is quickly becoming one of the top-performing crypto ICOs of the year.
The token has been gaining traction in the meme coin space as traders buy into the idea of a platform that allows investors the opportunity to stake all their meme coins on one platform for the first time.
It makes that possible via its innovative MemeVault protocol, which from launch will enable the staking of 11 top meme coins: Dogecoin, Shiba Inu, Pepe, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk.
More meme coins will be added in the coming months.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
You can also earn passively through the project’s native staking mechanism, which offers a huge 239% annual percentage yield (APY).
You can buy the STARS token now for $0.0016782.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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