Join us cable A channel to stay in view of the coverage of urgent news
The price of XRP has decreased by 19 % in the past 24 hours of trading at $ 2.21 from 11:18 pm EST on the trading volume, which increased by 352 % to $ 25.5 billion.
This comes at a time when reports have arisen that Ripple Labs has transferred 700 million XRP to the guarantee, which means that distinctive symbols are temporarily closed and cannot be used for trading.
This step is a strategic shield against the potential decreases in the value of XRP, as the coded currency market increases down.
700m+ $ Xrp closed. 500 m+ $ Xrp to open. @ripple Not playing. This looks like a liquidity test before something large drops. Are we about to witness history? 👀
The Titapaartier February 2, 2025
XRP price on the continuous declining direction
The XRP price analysis on the graph for 4 hours shows a clear, clear collapse after a long period of inclusion in the falling spoiler style.
After failing to fracture over the upper resistance trend line near $ 3.10, the price of XRP began to decline, eventually less than both SMA (SMA) on the graph for 4 hours at $ 2.9872 and 200 SMA periods At $ 2.7918, according to Geckoterminal data.
The XRP price has now collapsed to $ 2.2171, which represents a significant loss in a short time, with a significant rise in size confirming the power of strong sale.
Moreover, the RSI is at 11.12, which is a deep depth (<30). Such extremely excessive conditions often lead to a short -term bounce, but the broader landing momentum may limit any recovery attempts.
The average divergence of the moving medium rapprochement (MACD) in the negative lands (-0.0758 for the MACD and -0.1694 signal line), indicating a strong landing cross. This indicates that the momentum remains in favor of the bears, and there are no signs of reflection that exists yet.
Coofness predicts the distinctive symbol price
With the XRP price broken lower than the main support levels, the additional downside is likely to be unless buyers are vigorously. The next main support level is about 2.00 dollars, and if this is disrupted, XRP may see $ 1.80 or even less in the short term.
Looking at the very excessive RSI, it can occur relief, which may push XRP back towards the resistance area from 2.50 to $ 2.60. For the real direction reflection, the wavy code should be recovered and maintained and maintained over it.
With the low price of XRP, investors also purchase a new Mimi currency called Meme Index (Memex). According to the Crypto and YouTube Jacob Bury analyst, which has more than 54.9 km subscribed, Memex has the ability to be the next 10x encryption.
The MEME index raised more than $ 3.29 million
Finding promising opportunities between hundreds of weekly launches remain a major challenge in Crypto and Meme Coin markets.
This Meme index is dealt with through the decentralized index platform, designed to classify the Meme coins and collects it based on the danger of investment. Since its launch in December 2024, Memex Token Presale has already raised about $ 3.3 million.
🚨 Mimi index live in the upcoming symbols! 🚨memecoin_index It offers the first various Meme Coin platform ever, supported by $ MemexGiving unparalleled access to the Mimi currency market of $ 120 billion.
Meme Index provides exclusive access to indexes that meet every risk … pic.twitter.com/gsibbuzozx
– Best Wallet (Bestwallethq) December 27, 2024
The platform offers four distinct investment baskets – Titan, Moonshot, MidCAP and Frenzy – which are different procedures of risk.
These baskets include the inclusion of symbols in force such as Dogecoin (Doge) and Shiba Inu (SHIB) to emerging currencies, high capabilities and high risk.
By keeping Memex symbols, investors can access this coordinated portfolio, which simplifies the investment process in the Meme currency sector.
The prominent feature of the MEME index is the stokeing program, which currently offers a percentage of annual percentage of about 692 %.
You can buy Memex Tokens on the official website for $ 0.0158443 only to participate in the pre -diamond period.
Buy Memex here to lock the best deal before increasing prices in 44 hours.
Related news:
The latest Mimi ICO – Wall Street Baby
- Review by coins
- Pre -early arrival tour
- Alpha Special Trading for WEPE Army $
- Swimming pool – APY high dynamic
Join us cable A channel to stay in view of the coverage of urgent news
