Ripple Coin XRP Price Analysis and Potential Upside
Following Ripple Coin XRP’s massive price surge ignited by its partial win over the United States SEC, it has been trading sideways in the past couple of days approaching the $0.70 price level. At 5:30am EST, XRP price is down by 1% at $0.7092 with a 24-hour trading volume of more than $1.47 billion.
Main Breakdowns:
- XRP has had a very bullish month as the price increased by over 47% in the last 30 days. But the price is down by 10% in the last 7 days.
- The explosive price surge on July 13 after its partial lawsuit win moved the price from $0.47 to $0.94, indicating over a 73% gain, the most significant price surge for the token since 2021.
- Technical indicators show that XRP is trading above the 50-day and 200-day moving averages, suggesting an overall bullish trend.
- The MACD indicator and the relative strength index (RSI) both indicate that the market is still favorable for buyers and could likely push the price higher.
- The outcome of the final hearing on the lawsuit filed by the SEC against XRP could significantly affect the asset’s price performance in the coming weeks.
Investors and traders should consider other metrics before making investment decisions, as the crypto market is subject to high price volatility and constant market fluctuations.
Wall Street Memes (WSM) Emerges as an Alternative
Traders must explore other potential alternatives as Ripple Coin continues its sideways movement. Wall Street Memes (WSM) has rapidly gained popularity as the newest sensation among meme coins, achieving unparalleled success during its initial presale period.
Main Breakdowns:
- Wall Street Memes has caught the eye of numerous renowned analysts and tipsters, who now view it as the next token with immense growth potential.
- The presale has achieved an impressive $18.3 million, closing in on its $20 million hard cap.
- After the presale phase, WSM will be available on multiple exchanges, attracting a broader investor base and further expanding the community.
There are high expectations for a substantial increase in the value of Wall Street Memes in the near future.
Hot Take:
While Ripple Coin XRP may have experienced a temporary slowdown in price movement, the technical indicators suggest that it could still see moderate gains in the coming weeks. However, traders should also consider alternative options such as Wall Street Memes (WSM), which has gained significant popularity and is poised for growth. The outcome of the SEC lawsuit against XRP will also greatly impact its future performance. Overall, investors and traders need to carefully analyze the market and consider various factors before making any investment decisions.
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