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

The
XRP
price
dropped
3%
in
the
last
24
hours


to
trade
at
$0.6047

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?

XRP
Price
To
Continue
Rallying

The
XRP
price
dropped
from
the
$0.65
resistance
to
the
$0.47
support
from
Aug.
1
to
Aug.
6,
according
to
data
from


GeckoTerminal.
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.

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. 

While
the
XRP
price
looks
to
continue
its
rally,
investors
are
piling
into
the
new
Ethereum
Layer-2
meme
token


Pepe
Unchained
(PEPU),
which
has
just
blasted
past
$7.8
million
in
funds
raised
in
its
presale.

Pepe
Unchained:
The
New
Meme
Coin
Joining
Ethereum’s
Layer-2
Ecosystem

Pepe
Unchained
(PEPU)
is
quickly
becoming
a
hot
topic
in
the
cryptocurrency
world,
with
its
presale
surging
past
$7.8
million. 

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.

Pepe
is
gearing
up
to
surf
his
own
Layer
2
blockchain
–
the
first
of
its
kind!
????????

pic.twitter.com/T41V8wNDBh

—
Pepe
Unchained
(@pepe_unchained)

August
8,
2024

Unlike
its
predecessor,
which
struggles
with
rising
gas
fees
and
network
delays,
Pepe
Unchained
promises
a
more
efficient
and
cost-effective
version
of
PEPE. 

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.

If
this
interests
you
and
you
want
to
participate,
$PEPU
tokens
are
available
at
$0.0089461
each. With
a
price
hike
coming
in
less
than
four
hours,
buy
immediately
to
lock
in
the
best
deal.

Purchase
$PEPU
from
its
official
website
here

using
ETH,
USDT,
or
a
bank
card.

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