XRP price up 1% in the last 24 hours to trade at $0.5295 at 00:37 am EST on trading volume which increased by 29% to $1 billion.
The XRP price surge comes as Jack Straw, a top influencer on With the new XRP AMM, users will be able to donate liquidity to AMMs, creating a staking pool for XRP holders.
XRP Ledger – #XRP Staking comes
XLS 30D pic.twitter.com/lUuJlMS3TH
– Jack Straw (@JackStr42679640) January 16, 2024
As a result, people will receive a proportional amount of profits and at the same time share the accompanying currency risk. Will this be positive for the price of XRP?
XRP Price Trends in a Bullish Ascending Triangle Pattern
XRP price has been in a consolidation phase this month after facing a downtrend from the $0.54 resistance level. The slight downward trend in price caused the price to use the $0.50 mark as a support zone.
Furthermore, XRP price is trading above the 50-day SMA, supporting the current bullish momentum. If the bullish momentum continues, the price will be able to overcome the 200-day SMA hurdle, which coincides with the nearest resistance at $0.5358.
The Relative Strength Index (RSI) indicates a bounce from the oversold regions to trade above the mid-50 level at 57. If the current bullish momentum sustains, the RSI could rise to the overbought region of 70.
Additionally, the Moving Average Convergence Divergence (MACD) line (blue) appears to be bouncing to trade within the same level as the signal line (orange), further supporting a likely breakout to the upside. The red bars further support this as they are narrowing and heading higher.
Furthermore, the Average Directional Index (ADX) is trading above the 25-30 level, which shows that the current trend is very strong.
XRP Price Prediction
XRP price is indicating a probable reversal towards the bullish side as it is trading within the upper boundary of the ascending triangle pattern. With this, the bulls can push the price higher, with a target of $0.56.
In a reverse scenario, the bears could exert some pressure, pushing the price towards the critical support zone of $0.51.
As XRP price bulls seek some clarity, meme coins in the Solana ecosystem have been generating some excitement among investors. SMOG is standing out, and investors are talking about its potential as the next BONK, HONK, MYRO or WIF, particularly as they await the release of their long-awaited supercharged airdrop.
Solana Meme Coin SMOG Sparks Investor Excitement With Huge Airdrop Plan
solana meme coin SMOG has quickly risen among the ranks of the top-performing altcoins in the Solana ecosystem. It aims to emulate the past successes of other Solana-based meme coins such as MYRO and BONK.
Currently trending among the most popular coins, analysts believe that SMOG has the potential to surpass other meme coin stars Solana.
Markets are currently on the rise, attributed in part to Bitcoin surpassing $50,000 and in part to the Chinese Lunar New Year of the Dragon celebrations. The two-week festival is known to attract investors seeking to take advantage of the season’s fortunate inferences.
SMOG is well positioned to take advantage of these festive celebrations happening globally as the token has a dragon theme.
Buy $SMOG and receive the biggest airdrop ever
The SMOG team has allocated a whopping 35% of its 1.4 billion token supply for the supercharged airdrop. The other offer goes to marketing (50%), future stock market listings (10%) and liquidity (5%).
Jupiter airdropped a monumental $700 million to investors, generating substantial returns. The $SMOG token promises an even bigger and more attractive airdrop opportunity that you won’t want to miss.
To join the airdrop, all you have to do is buy and hold $SMOG. You may also be eligible for airdrop by following SMOG social media pages and performing simple daily tasks. The enticing airdrop campaign has already attracted a large number of followers, significantly increasing the popularity of the token.
Jacob Bury, a YouTube crypto analyst, says SMOG is a project that has the potential to generate a 1,000x return on investment after launch.
You can buy the SMOG token on their official website to be eligible for the historic airdrop soon. You can also buy directly from JUP DEX.
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