XRP Price Prediction: Ripple Token Surges 9% As Pepe Unchained Presale Raises Almost $22 Million In A Week Amid A FOMO Frenzy
The XRP price surged 9% in the last 24 hours to trade at $1.886 as of 07:56 p.m. EST on trading volume that plunged 6% to $16.7 billion, according to CoinGecko. XRP Price Prediction: XRP On A Sustained Bullish Trend The XRP/USD chart on the 12-hour timeframe is displaying a strong bullish trend, evident from the parabolic price movement starting in mid-November. The XRP price has significantly broken above key resistance levels, signaling bullish momentum. XRP price has maintained its position above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a signal that the bulls have sustained the bullish stance. Meanwhile, the Relative Strength Index (RSI) is well into the overbought zone (76), indicating that the asset is experiencing high bullish momentum. However, this also suggests a potential for short-term corrections or consolidation as buyers may start to take profits. While overbought conditions don’t necessarily signal an immediate reversal, they warran...