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The price of XRP increased by 3 % over the past 24 hours of trading at $ 2.38 from 11:45 pm EST on a 9 % jump in trading volume to $ 9.2 billion.
The increase in the price of the ripple code comes amid speculation that Elon Musk may turn his attention to the encrypted currency. The viral Wallstreeetbets tweet proposed the Musk’s increasing interest in XRP, drawing comparisons with its previous approvals on Dogecoin (Doga) and Bitcoin (BTC).
The last crushing Elon Musk $ Xrp The world of encryption may reduce upside $ Xrp Queen of the dancing party
– Wallstreetbets (Wallstreetbets) February 6, 2025
With the construction of excitement, investors see a possible “ELON Musk Effect”, which looks like what Dogecoin pays into enormous gains.
The price of XRP can continue to decline
XRP is currently trading at $ 2.3987, which reflects a modest profit of 0.08 % for this day. The price opened at $ 2.3969, reached $ 2.4277, and decreased to the lowest level at 2.3757 dollars. Despite this simple progressive movement, XRP is still near a critical support zone of about $ 2.00, which served as a strong demand in the previous price procedures. This level is important because it is historically prevented from declines, and the collapse below may lead to a sharp sale.
The graph shows a descending triangular style, from which XRP erupted at the beginning, which led to a strong upward step. However, after reaching a local peak, the price was again recovered towards the support area of $ 2.00, indicating the re -test of the buyer’s strength.
XRPUSDT Source: TradingView
XRP price in decisive support such as Bulls Recovery Eye Recovery
If Bulls succeed in defending this level, we may see a large recovery about $ 2.50 and $ 2.60, with the next main resistance at $ 3.26. This resistance level is in line with the previous high, which is a decisive point in a possible possible gathering. A strong batch over $ 3.26 can continue to rise, which is likely to lead XRP towards new levels.
XRP at a decisive turning point, with support level $ 2.00 under pressure from sellers. Failure to keep this level may lead to a decrease in a decrease, which may push the price about $ 1.50 or even 0.6223 dollars, which is historically low. Such a collapse will indicate the loss of bullish momentum and increased negative risks.
On the other hand, technical indicators indicate a possible reflection. The RSI is currently 37.22, indicating excessive sale conditions. This indicates that the pressure pressure was dominant, but it also raises the possibility of a recovery if buyers intervened. The step exceeding 48.19 will indicate a transformation in momentum towards bulls while crossing 50 can confirm the renewal of interest in purchase and the way to determine the gathering.
If XRP is able to defend $ 2.00 support, the recovery will remain about $ 2.50 and $ 3.26 possible. However, the rest that is less than this main level can accelerate the pressure pressure, leaving the cryptocurrency vulnerable to deeper losses. Investors and merchants must closely monitor the price of XRP, as the coming days can determine the next main step for the original.
Meme Index Presale Zooms about $ 4 million – Crypto Next Bang?
Since XRP is preparing to get a bullish reflection, Pressale continues the meme (Memex) index to get traction, exceeding $ 3.4 million in financing.
Memex is the first Lamczi project to offer a variety of Mimi currency investment. It provides four coordinated indexes: Meme Titan, Meme Moonshot, Meme MidCAP and Meme Frenzy, all food for different risk appetite.
Alert
: This is the first Mimi index in the market $ Memex It remained for 17 hours, and it has already raised $ 2.8 million
Mimi popular currencies like $ Doge $ Pepe $ wif $ Shib And many others, even large metal currencies !!! What a wonderful idea to join their link memecoin_index pic.twitter.com/cpsxgnxjs7
– Exoticz (yhwexotez) January 23, 2025
For those looking for high risks and rewards, the Meme Frenzy Index focuses on emerging and volatile coins with huge growth capabilities.
At the same time, the Meme Titan index includes the higher coins by the market value, such as Dogecoin, Shiba Inu and Pepe, providing a safer option for investment. These indexes adjust dynamically based on market trends and community sounds, ensuring their adaptation to market conditions.
The famous YouTube Claybro, which includes more than 135,000 subscribers, expects that Memex can rise 26x after launch.
Investors can also share Memex Tokens to earn a huge annual return of 666 %.
Currently, the distinctive memex symbols are priced at 0.0159713 dollars and can be purchased using ETH, USDT, BNB or banking card.
Investors who are interested should buy before raising prices in about 20 hours.
Buy Memex icons on the official website here.
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