XRP Price Soars 6% After Grayscale XRP Trust Opens Route For XRP ETFs And Whales Snap Up This New Meme Coin Casino ICO

The
XRP
price
rose
6%
in
the
last
24
hours


to
trade
at
$0.5673

as
of
03:23
a.m.
EST
on
trading
volume
that
skyrocketed
112%
to
$1.8
billion.

This
comes
after
Grayscale
announced
the
launch
of
a
new
trust
that
gives
accredited
investors
direct
exposure
to
the
XRP
token.
Unlike
an
exchange-traded
fund
(ETF),
the
trust
will
primarily
trade
over
the
counter.

However,
the
XRP
Trust
is
seen
by
some
analysts
as
another
step
along
the
route
to
the
eventual
launch
of
XRP
ETFs.

Do
people
understand
now
why
I’ve
been
telling
everyone
that

$XRP
has
institutional
interest
now
and

$ADA
simply
doesn’t?

This
is
just
the
beginning
for
big

@Ripple
moves.
The

#XRPArmy
will
prevail.https://t.co/FnjxsLgNiN

—
BitBoy
(@BenArmstrongsX)

September
12,
2024

XRP
Price
To
Continue
Soaring

The
XRP
price
movements
from
September
5
formed
a
rounding
bottom
pattern,
as
the
bulls
retried
the
$0.57
resistance,
according
to
data
from
GeckoTerminal.

The
token
now
trades
above
the
50-day
Simple
Moving
Average
(SMA),
which
is
a
confirmation
of
the
uptrend,
with
the
200-day
SMA
acting
as
the
immediate
resistance
at
$0.5673.

Moreover,
the
Relative
Strength
Index
(RSI)
is
also
trading
within
the
70-overbought
zone,
currently
at
71,
which
now
shows
that
the
price
of
XRP
is
currently
under
intense
buying
pressure,
and
that
the
token
is
now
overvalued.

The
XRP
price
analysis,
with
the
asset
now
undervalued,
shows
that
bulls
could
take
control
of
the
price,
buying
more
to
push
the
price
of
XRP
to
$0.62.

However,
if
the
price
of
XRP
experiences
some
pressure
from
the
bears,
it
could
plunge
back
to
the
$0.53
support,
coinciding
with
the
50-day
SMA. 

Meanwhile,
investors
are
rushing
to
buy
the
newly
launched
ICO


Memebet
Casino
(MEMEBET
Token),
which
has
blasted
past
$217k
raised
in
just
3
days
after
a

whale
bought
$50,000
worth
of
the
token
on
Sept.
12.

Cryptonews,
a
popular
YouTube
channel
with
over
10K
subscribers,
says
that
$MEMEBET
Token
could
soar
100X
after
its
launch. 

Memebet
Casino
Raises
Over
$217K
–
Next
Crypto
To
Explode?

Memebet
Casino
($MEMEBET
Token)

is
off
to
a
strong
start,
raising
over
$217K
for
this
new
Telegram-based
betting
platform
that
allows
wagering
with
meme
coins
for
the
first
time.

Launching
soon,
Memebet
Casino
(MEMEBET
Token)
seeks
to
revolutionize
the
decentralized
crypto
casino
space
by
utilizing
$MEMEBET
tokens
and
popular
meme
coins.

Not
the
casino
we
deserve
but
the
casino
we
need
????

#MemeBet

#Presale
&

#Airdrop
coming
soon!
????

#Memecoins,

#Crypto
gaming
and
more!
????????

$COIN

$DOG

$PEPE

#SOL

#RNDR

pic.twitter.com/oR2xja6JFK

—
MemeBet
(@Memebetcasino)

May
23,
2024

There
is
also
an
innovative
play-to-earn
initiative
incorporated
by
the
platform
that
rewards
Memebet
Casino
users
who
wager
their
tokens.
This
means
that
even
if
bets
don’t
go
investors’
way,
they
can
still
walk
away
with
something.

The
more
you
bet
with
the
MEMEBET
Token,
the
bigger
your
rewards.
Early
adopters
can
also
benefit
from
an
airdrop
campaign
by
purchasing
tokens
during
the
presale
and
using
them
once
the
casino
is
live.

To
join
the
presale,
you
can


buy
$MEMEBET
Token
on
the
official
website
here
for
$0.025

using
USDT,
ETH,
or
a
bank
card.
With
a
price
hike
coming
in
just
minutes,
buy
now
to
lock
in
the
best
deal.

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