To The Moon

Shiba Inu

Gains

The XRP price dropped 3% in the last 24 hours <a href="https://www.geckoterminal.com/bsc/pools/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac">to trade at $0.6047</a> as of 03:49 a.m. EST on trading volume that plunged 50% to $2.6 billion. 
This comes as the U.S. Securities and Exchange Commission (SEC) hints at a looming appeal after District Judge Analisa Torres ordered Ripple to pay a $125 million fine, while the SEC had sought a much larger penalty of $2 billion. The SEC may still be considering appealing certain aspects of the case. 
After a sustained surge this week, XRP now trades within the $0.60 range. Can XRP surge above the currency resistance? 
<h2 id="xrp-price-to-continue-rallying">XRP Price To Continue Rallying</h2> 
The XRP price dropped from the $0.65 resistance to the $0.47 support from Aug. 1 to Aug. 6, according to data from <a href="https://www.geckoterminal.com/bsc/pools/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac">GeckoTerminal</a>. Bulls, however, capitalized on this support to push the token back to the resistance zone, forming a complete rounding bottom pattern. 
Now, the XRP price aims for a rally above the pattern, with the remittance token trading above both the 50-day and 200-day Simple Moving Averages (SMAs). 
Additionally, the Relative Strength Index (RSI) rose from the 50-midline level to the current level at 62, an indication of sustained buying pressure from optimistic investors. 
The Moving Average Convergence Divergence (MACD) also crossed above the neutral line recently, indicating that the XRP price is currently on an uptrend. 
The green bars on the histogram also extend above the zero line, signaling that XRP is moving with positive momentum. 
If this bullish momentum continues, the price of XRP could soar above the current resistance and aim for $0.80. 
<figure id="attachment_562890" aria-describedby="caption-attachment-562890" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-562890" src="https://insidebitcoins.com/wp-content/uploads/2024/08/XRP_2024-08-09_10-49-36.png" alt="XRP Price Chart Analysis Source: GeckoTerminal.com" width="1254" height="473" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/XRP_2024-08-09_10-49-36.png 1254w, https://insidebitcoins.com/wp-content/uploads/2024/08/XRP_2024-08-09_10-49-36-300x113.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/XRP_2024-08-09_10-49-36-1024x386.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/XRP_2024-08-09_10-49-36-768x290.png 768w" sizes="(max-width: 1254px) 100vw, 1254px">
 <figcaption id="caption-attachment-562890" class="wp-caption-text">
 XRP Price Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure> 
However, if bears take control of the price at this level, the XRP price could go through a correction, with the $0.50 level acting as the immediate support level.&nbsp; 
While the XRP price looks to continue its rally, investors are piling into the new Ethereum Layer-2 meme token <a href="https://insidebitcoins.com/visit/pepeunchained" rel="nofollow">Pepe Unchained (PEPU)</a>, which has just blasted past $7.8 million in funds raised in its presale. 
<h2 id="pepe-unchained-the-new-meme-coin-joining-ethereum-s-layer-2-ecosystem">Pepe Unchained: The New Meme Coin Joining Ethereum’s Layer-2 Ecosystem</h2> 
Pepe Unchained (PEPU) is quickly becoming a hot topic in the cryptocurrency world, with its presale surging past $7.8 million.&nbsp; 
This new meme token, a successor to the original PEPE, operates within the layer-2 ecosystem, aiming to address the scalability, speed, and efficiency issues that often plague layer-1 blockchains like Ethereum. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Pepe is gearing up to surf his own Layer 2 blockchain – the first of its kind! 🐸🌊 <a href="https://t.co/T41V8wNDBh">pic.twitter.com/T41V8wNDBh</a> 
 — Pepe Unchained (@pepe_unchained) <a href="https://twitter.com/pepe_unchained/status/1821533869050638431?ref_src=twsrc%5Etfw">August 8, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Unlike its predecessor, which struggles with rising gas fees and network delays, Pepe Unchained promises a more efficient and cost-effective version of PEPE.&nbsp; 
This shift to layer-2 technology is a significant draw for investors, who are also enticed by the token’s staking program, offering a substantial 258% annual reward. 
Prominent crypto analysts, like those at 99Bitcoins, suggest that $PEPU could see a 100X increase post-launch, further fueling the buzz. 
<iframe title="Next 3 100X Potential Crypto to Buy Now?! (BIG POTENTIAL!)" width="640" height="360" src="https://www.youtube.com/embed/nY8nlmVJiww?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
If this interests you and you want to participate, $PEPU tokens are available at $0.0089461 each.&nbsp;With a price hike coming in less than four hours, buy immediately to lock in the best deal. 
<a href="https://insidebitcoins.com/visit/pepeunchained" rel="nofollow">Purchase $PEPU from its official website here using ETH, USDT, or a bank card.</a> 
<h2 id="related-news">Related News</h2> 
<ul> 
 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/shiba-inu-price-prediction-2024-moon-crash-landing-calsona-caibe/">🐕📈 Shiba Inu Price Prediction 2024: 🚀 To The Moon Or 📉 Crash Landing?</a></li> 
 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/best-crypto-icos-2024-top-picks-big-returns-juliana-clarisse-calsona-zcxqe/">🚀🤑💰 Best Crypto ICOs of 2024: Top Picks for Big Returns 💰🤑🚀</a></li> 
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-presales/">Best Crypto Presales to Invest in Now for 10x Gains in 2024</a></li> 
</ul>

XRP Price Stalls At $0.6 As SEC Appeal Looms, But Here’s A Crypto Top Traders Are Buying For Exponential Gains

Table of Contents

Inside Bitcoins

Other articles published on Aug 9, 2024

RWA Tokenization Revolutionizes Homeownership with Blockchain Breakthrough

Analysts Said "This Situation Is Rarely Seen in Bitcoin", Pointed to Next Week for Rise!

August Market Predictions; Which 3 Altcoins You Can Buy to Turn $100 Into $10,000

Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027

ZKX Protocol Closes, Triggering Over 50% Drop in ZKX Token Value

Solana Liquid Staking Guide and Top Platforms – Part 2

Join our free newsletter for daily crypto updates!