XRP Price Prediction: Ripple Token Plunges 5% As Traders Rush To Buy Crypto All-Stars Presale – Less Than 2 Days Left

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Insidebitcoin2024/12/18 19:11

By:Insidebitcoin

The XRP price has plunged 5% in the last 24 hours to trade at $2.56 as of 8:50 a.m. EST on a 27% drop in trading volume to $14.5 billion.

XRP Price May Continue The Uptrend Above The Triangle

The XRP/USD pair shows a bullish momentum in the 1-day timeframe. Currently trading at $2.52 , XRP has experienced a slight decline of 1.68% for the day, with a high of $2.56 and a low of $2.4686. After a prolonged period of consolidation between August and October in the $0.50–$0.80 zone, the price broke out in early November, entering a parabolic upward curve that pushed it to the current levels.

XRP Price Prediction: Ripple Token Plunges 5% As Traders Rush To Buy Crypto All-Stars Presale – Less Than 2 Days Left image 0

XRPUSD Analysis Source: Tradingview

XRP is now forming a symmetrical triangle pattern, a continuation formation that often precedes a breakout in the direction of the prevailing trend. The upper boundary of the triangle stands around $2.60–$2.70, while the lower boundary sits near $2.40. A confirmed breakout above the triangle’s resistance could see XRP surge toward the $3.00–$3.50 zone, which is the next psychological and technical target.

The 200-day simple moving average (SMA) is at $1.4944, and the 50-day SMA is at $0.7802. Both lag behind the price and reflect a strong market structure. These levels also act as key support zones in the event of a pullback.

However, the Relative Strength Index (RSI) at 65.56 indicates the price is nearing overbought territory, with a slight bearish divergence suggesting some caution. If XRP fails to break out upward, a drop to the $2.00 support level or even the 200-day MA at $1.4944 could occur.

The XRP’s trend remains bullish, with the symmetrical triangle likely paving the way for the next leg higher. Traders should monitor volume closely, as an increase in buying activity during the breakout will confirm a strong upward move. Conversely, a breakdown from the triangle could signal a pause in the rally and a revisit to lower support levels.

Crypto All-Stars Surges Past $21.6 Million – Less Than 2 Days Left!

As traders eagerly anticipate a bullish breakout for XRP, investors are flocking to buy Crypto All-Stars (STARS) , an innovative meme coin staking project that has quickly become one of the most successful presales this year after raising over $21.6 million.

With less than two days remaining in its presale, a surge in FOMO-driven buying activity has seen it add an impressive $1.2 million in the past 24 hours alone.

ClayBro, a popular YouTuber with over 134K subscribers, says that STARS has the potential to soar 10X after launch.

A major driver of STARS’s growing popularity is its innovative staking platform, MemeVault, which enables investors to stake a range of top-tier meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), all in one place.

In addition to these leading tokens, MemeVault will support staking for other popular meme coins such as FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, TURBO, and the project’s native STARS token. By locking up any of these supported tokens, investors can earn passive crypto rewards paid out in STARS.

This innovative staking model, combined with the presale’s success, positions Crypto All-Stars as a highly anticipated project in the meme coin sector. The platform will continue expanding its offerings in the coming months by adding support for more meme coins. This move is expected to accelerate Crypto All-Stars’ market adoption and increase its traction.

Investors can also stake STARS tokens for a huge 150% annual yield.

Currently priced at $0.0016782, STARS can be purchased using ETH, USDT, BNB, FLOKI, SHIB, DOGE, PEPE, or bank card.

The STARS presale concludes on Friday, with the official launch expected early next week.

Visit STARS token here.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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