XRP Price Prediction: Top Influencer Says XRP AMM Will Bring Staking To Ripple, But Investors Turn To Solana Meme Coin Smog And Huge Airdrop.

XRP price is up 1% in the last 24 hours. Traded for $0.5295 As of 0:37 AM EST, trading volume had increased 29% to $1 billion.

The XRP price increase occurred when Jack Straw, a top influencer on The new XRP AMM allows users to contribute liquidity to the AMM to create a staking pool for XRP holders.

XRP Ledger – #XRP Staking scheduled

XLS30D pic.twitter.com/lUuJlMS3TH

— Jack Straw (@JackStr42679640) January 16, 2024

As a result, individuals earn proportional profits while sharing the corresponding exchange rate risk. Will this be positive for XRP price?

XRP price trend in bullish ascending triangle pattern

XRP price has been in a consolidation phase this month after facing a downward trend at the $0.54 resistance level. Due to a slight downward price trend, the price used the $0.50 mark as a support area.

Additionally, XRP price is trading above the 50-day simple moving average (SMA), supporting the current bullish momentum. If the bullish momentum continues, the price could overcome the 200-day SMA hurdle matching the nearest resistance at $0.5358.

The Relative Strength Index (RSI) indicates a bounce from oversold territory to trade at 57, which is around the 50 midline level. If the current bullish momentum continues, RSI could rebound towards the 70 overbought area.

Moreover, the Moving Average Convergence Divergence (MACD) line (blue) appears to have bounced and is trading within the same level as the signal line (orange), further supporting the possibility of a bullish breakout. The red bar shows a downward trend and an upward trend, further supporting this.

Moreover, the Average Directional Index (ADX) is trading above the 30 to 25 range, showing that the current trend is very strong.

XRP price prediction

XRP price is trading within the upper boundary of the ascending triangle pattern, indicating a possible reversal to the bullish side. This could allow the bulls to push the price higher, targeting $0.56.

In the opposite scenario, the bears could exert some pressure and push the price down to the important support at $0.51.

As the XRP price rally seeks some clarity, meme coins in the Solana ecosystem are generating some interest among investors. SMOG stands out as investors talk about its potential as the next BONK, HONK, MYRO or WIF, especially as we await the launch of the highly anticipated Supercharged Airdrop.

Solana Meme Coin SMOG Stirs Investor Expectations with Massive Airdrop Plan

Solana Meme Coin smog It has quickly risen to become one of the best-performing altcoins in the Solana ecosystem. It aims to emulate the past success 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 Solana meme coin stars.

The market is currently surging partly due to Bitcoin surpassing $50,000 and partly due to Chinese New Year celebrations. The two-week festival is known to attract investors looking to capitalize on the season’s good fortune.

SMOG is well-positioned to capitalize on these festive celebrations taking place around the world as its tokens have a dragon theme.

Buy $SMOG and receive the largest airdrop ever

The SMOG team allocated a whopping 35% of the 1.4 billion token supply to the Supercharge airdrop. Other supply will be used for marketing (50%), future exchange listings (10%) and liquidity (5%).

Jupiter airdropped a whopping $700 million to investors, earning a handsome return. The $SMOG token promises a much bigger and more attractive airdrop opportunity that you won’t want to miss.

Here’s what you need to do to participate in the airdrop: Buy and Hold $SMOG. You can also receive airdrops by following SMOG’s social media pages and performing simple daily tasks. The attractive airdrop campaign has already attracted a huge number of followers, significantly increasing the popularity of the token.

YouTube cryptocurrency analyst Jacob Bury says SMOG is a project with the potential to deliver a 1000x return on investment after launch.

You can purchase SMOG tokens. official website You can soon receive a historic airdrop. You can also purchase directly from JUP DEX.

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