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The XRP price jumped 2% in the last 24 hours to trade at $0.5755 as of 03:34 a.m. EST on trading volume that dropped by a fraction of a percentage to $1.2 billion.
XRP ETFs have come into the spotlight once again after the Bitnomial Exchange informed the CFTC of its plans to introduce XRP/USD futures contracts.
The listing has fueled speculation about a potential XRP ETF launch for the crypto as regulatory clarity around XRP continues to develop.
XRP Price Aims For A Rebound
The XRP price has invalidated the rounding bottom pattern in the last week, dropping from the $0.64 resistance within a falling channel pattern, according to data from GeckoTerminal.
XRP now aims to soar over the channel, as it trades above both the 50 and 200 Simple Moving Averages (SMAs), indicating that the price of XRP is on an uptrend.
The Relative Strength Index (RSI) is also rebounding from the 50-midline level, and currently stands at 51, which shows that XRP is trading in equilibrium but showing signs of rebounding as buying pressure starts to build.
Meanwhile, the Moving Average Convergence Divergence (MACD) also trades up above the neutral line, which shows that XRP is currently on a bullish trend.
If the price of XRP continues with its bullish trend, bulls could push the price of XRP up to $0.70.
Conversely, if the bears take control of the price, XRP could plunge back to the major support at around $0.50.
As the XRP price prepares for a possible bullish rally, PEPE lovers are buying the new upgrade Pepe Unchained ($PEPU), which has already raised over $8.6 million in early funding.
99Bitcoins, a prominent crypto channel on YouTube, says $PEPU is one of the best cryptos to buy now with 100x potential.
Pepe Unchained Raises Over $8.6 Million– Best Meme Coin To Buy Now?
Pepe Unchained is set to follow the success seen by its predecessor, PEPE, which has delivered mind-blowing returns to early investors and continues to rule the charts, despite other meme coins being created.
As its name suggests, Pepe Unchained aims to set PEPE free. Up until now, the meme has been a prisoner chained to the old, clunky layer-1 Ethereum mainnet. The project will run on its own proprietary Ethereum layer-2 blockchain.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
Pepe Unchained aims to tackle the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum blockchain.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 226%.
You can buy $PEPU tokens for $0.0090539 each. With a price hike coming in less than nineteen hours, buy soon to lock in the best deal.
Purchase $PEPU from the official website here
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