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 The XRP price dropped 1% in the last 24 hours to trade at $0.5223 as of 02:57 a.m. EST on trading volume that skyrocketed 104% to $2.2 billion.
 This comes despite there being speculation over whether an XRP ETF (exchange-traded fund) might be next after the U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum ETFs yesterday.
 Ripple’s CEO, Brad Garlinghouse, said in February that a spot XRP ETF ”simply makes sense.”
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ripple CEO Brad Garlinghouse has expressed optimism about an XRP ETF, stating he would 'certainly welcome' it.
 Is an $XRP ETF next in line? 🤔#Ripple #XRP @bgarlinghouse @Ripple pic.twitter.com/ed25Vc0G2e
 — TheNewsCrypto (@The_NewsCrypto) February 21, 2024
 </blockquote>
 
 He called this week’s events momentous for the crypto community, and said the ETH ETF approvals and the passing of the FIT21 crypto bill ”feels like hell has frozen over!!”
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Big momentum in crypto this week – ETH ETF passed and bipartisan support on crypto legislation…
 Feels like hell has frozen over!! 🥶 https://t.co/70T0qLt1FH
 — Brad Garlinghouse (@bgarlinghouse) May 24, 2024
 </blockquote>
 
 Despite a bullish uptick last week, the XRP price has been on a downtrend, but still trades within the consolidation channel, between $0.55 and $0.50, data from GeckoTerminal shows.
 <h2 id="strong-xrp-price-set-to-soar-over-the-consolidation-channel-strong">XRP Price Set To Soar Over The Consolidation Channel</h2>
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 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201113%20488'%3E%3C/svg%3E" alt="XRPUSD price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 1113w, https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 300w, https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 1024w, https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 768w" data-lazy-sizes="(max-width: 1113px) 100vw, 1113px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp"> 
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 <img decoding="async" src="https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp" alt="XRPUSD price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 1113w, https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 300w, https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 1024w, https://cdn.thebittimes.com/images/2024/05/24/762cadb3fd27ef17279100653e87174f.webp 768w" sizes="(max-width: 1113px) 100vw, 1113px"> 
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 <figcaption id="caption-attachment-525038" class="wp-caption-text">
 XRPUSD Chart <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> Source: GeckoTerminal.com
 </figcaption>
 </figure>
 XRP trades above the 200-day Simple Moving Average (SMA), an indication that XRP could soar in the long term. The 200-day SMA also acts as a support level, encouraging the bulls to win the struggle, which may push XRP beyond the 50-day SMA at $0.5251.
 The Relative Strength Index (RSI) currently coincides with the current retrace, as the RSI nosedives from the 70-overbought region to 44 and continues to move down, hurtling towards the 30-oversold level.
 <h2 id="strong-xrp-price-prediction-strong">XRP Price Prediction</h2>
 The XRP price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> on the 4-hour chart shows that XRP is currently on a downtrend, trading below the critical resistance zone at $0.549. Moreover, the 50-day SMA trades below the 200-day SMA, forming a death cross around $0.52.
 However, the bulls remain resilient within the consolidation channel, which may lead to a rally towards a breakout above, as the bulls target $0.65.
 If the bears continue exerting more pressure, XRP could breach the lower boundary of the consolidation channel, as the bulls retreat to the support level of around $0.47.
 Meanwhile, as the XRP bulls aim for a breakout, some investors are turning to the WienerAI token, $WAI. The token is set to emulate other dog-themed tokens like SHIB and DOGE as it leverages its AI capabilities.
 <h2 id="strong-wienerai-presale-blasts-past-2-5-million-best-ai-trading-bot-meme-coin-companion-to-buy-strong">WienerAI Presale Blasts Past $2.5 Million – Best AI Trading Bot Meme Coin Companion To Buy</h2>
 Investors are piling into WienerAI (WAI) by the minute, with the crypto sector’s cybernetic sausage dog sensation already garnering over $2.5 million in presale, as it hurtles towards the $3 million interim target.
 The project combines two of the hottest niches in crypto: AI and meme coins.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Don't be left out in the cold.
 GET IT WHILE IT'S HOT
 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/I69IUJanLC
 — WienerAI (@WienerDogAI) May 8, 2024
 </blockquote>
 
 Aiming to provide a unique level of utility not typically seen in other meme coins, WienerAI <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> an advanced AI trading bot that provides investors with a smart, user-friendly, on-chain assistant to enhance their trading experience.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 WienerAI is more than a trading bot
 It's your AI trading companion!
 More details coming SOON! pic.twitter.com/HG5C0tE6Rk
 — WienerAI (@WienerDogAI) May 14, 2024
 </blockquote>
 
 WienerAI is set to follow in the footsteps of another successful recent token launch, canine meme coin, and AI security token Scotty the AI ($SCOTTY), which netted close to $10 million in a recent presale.
 $WAI holders can also earn passively through the project’s staking function, which provides an annual percentage yield (APY) of 366%.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 CONGRATS!
 WEENIES ARE BEING STAKED AND STACKED AT RECORD SPEED!
 Get yours here: https://t.co/k7IFimoTWr
 🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/WCVGZRODer
 — WienerAI (@WienerDogAI) May 11, 2024
 </blockquote>
 
 According to Crypto Boy, a prominent crypto analyst on YouTube with more than 40K subscribers, $WAI has the potential to soar 100X after launch.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/5EAbluxUP18" data-id="5EAbluxUP18" data-query="feature=oembed" data-alt="This AI can give 100X Return | Wiener AI Presale is Live | AI Presale Season Starts"></div>
 <noscript><iframe title="This AI can give 100X Return | Wiener AI Presale is Live | AI Presale Season Starts" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/5EAbluxUP18?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>
 </noscript>
 
 If you are interested in participating in the presale, you can buy the token for $0.00071. But hurry as the price will increase in less than two days.
 You can buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
 <h2 id="strong-related-news-strong">Related News</h2>
 <ul>
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 <li style="font-weight: 400;">🚀🤑💰 Best Crypto ICOs of 2024: Top Picks for Big Returns 💰🤑🚀</li>
 <li style="font-weight: 400;">🚀🤖 Best AI Crypto Coin Projects: Top Picks for 2023 🤑💰</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-price-prediction-ripple-token-slumps-as-analysts-ask-if-an-xrp-etf-is-next-and-this-ai-meme-coin-might-be-the-best-crypto-to-buy-now-tbt89589.html">https://thebittimes.com/xrp-price-prediction-ripple-token-slumps-as-analysts-ask-if-an-xrp-etf-is-next-and-this-ai-meme-coin-might-be-the-best-crypto-to-buy-now-tbt89589.html</a>
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XRP Price Prediction: Ripple Token Slumps As Analysts Ask If An XRP ETF Is Next, And This AI Meme Coin Might Be The Best Crypto To Buy Now

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