Crypto Analyst Predicts Multiple ‘God Candles’ for XRP – Could Ripple Make It to €1?
With the cryptocurrency markets seeing a significant recovery, Ripple’s native token, XRP, is arguably the biggest winner of the past few days. XRP has gained over 39%, nearly four times more than Bitcoin. However, according to crypto analysts, the gains are not likely to stop anytime soon. Could Ripple Become a Euro? XRP has made an impressive recovery recently. After falling below $0.40 on July 5, the price has since risen above $0.60 this past Wednesday. In less than two weeks, the XRP price has now gained over 50%.
XRP Price Chart (7 days) – Source: CoinMarketCap
With a market cap of around $34 billion, XRP currently ranks 6th in the cryptocurrency market by market cap. With a trading volume of over $3.6 billion, XRP’s price is currently much more popular than other cryptocurrency majors such as BNB (BNB) and Solana (SOL).
XRP price still in deficit compared to a year ago. – Source: CoinMarketCap
Despite XRP already up more than 39% in the past week and more than 23% in the past month, the price is still slightly lower than it was a year ago. This is a sign that the recent uptrend could go much higher, and this is further supported by crypto analyst Dark Defender.
Crypto Analyst Predicts Multiple ‘God Candles’ for XRP
In a July 14 X-Post, a cryptocurrency analyst named Dark Defender provided a detailed explanation of technical indicators and resistance levels that could indicate a bullish trend in the XRP price.
According to this cryptocurrency analyst, XRP is experiencing a bullish trend due to the Fisher indicator on the price chart.
This indicator is a tool used to visualize trend reversals. Dark Defender believes that this indicator has allowed the XRP price to break through the resistance at $0.4623. From there, the FIB level at $0.5286 has been tested.
There, the crypto analyst made an accurate prediction that the price would continue its trend by closing above $0.53. He also stated that the price would test the resistance of $0.6044 next week, which seems to have come true as the current XRP price is close to $0.613.
According to Dark Defender, the XRP price could now go up to $0.6649. If the price can break above this level, multiple ‘god candles’ could form. These god candles represent a sharp rise in the XRP price, which could potentially push the price up to $1.
The XRP community prepares for the conclusion of Ripple vs. SEC lawsuit.
Of course, the recent rise in XRP prices cannot be viewed separately from the progress of the Ripple vs. SEC lawsuit. According to several experts, the lawsuit, which has been ongoing since 2020, appears to be entering its final stages.
For example, on July 17, 195 million XRP tokens were transferred to exchanges, 150 million of which came from Ripple.
According to several cryptocurrency analysts, this indicates that a settlement is in the works in the lawsuit with the SEC. The 150 million XRP tokens are currently worth about $90 million. A $90 million settlement would certainly not be the worst outcome in this long-running lawsuit.
If a deal is reached to allow Ripple to continue operating, there will be a significant price increase for XRP, regardless of whether or not there is a $90 million fine. A 60% increase, towards $1, is certainly unlikely.
Alternative cryptocurrencies to diversify your portfolio
However, at this point, no one is sure what the outcome of this complex lawsuit will be. A negative statement could easily reverse the recent rise in Ripple’s price.
It is therefore no surprise that more and more investors are diversifying their portfolios with other altcoins that appear to offer greater promise of significant profits in the short term.
In particular, new pre-sale tokens are still popular with these investors recently. For this reason, below we discuss two of the best new pre-sale tokens at the moment.
Pepe Unchained (PEPU) – The world’s first Pepe Layer 2 blockchain
Pepe Unchained is a new Pepe alternative that depicts a freed Pepe. This Pepe is no longer tied to the slow and expensive Ethereum blockchain, so he can work on his brain. This allowed him to develop his own layer 2 blockchain, the first Pepe layer 2 blockchain in existence.
The emergence of layer 2 blockchains is timely, as more and more meme coins are struggling with the low transaction speeds and high transaction costs of layer 1 blockchains. This is about to change with the introduction of Pepe Unchained’s layer 2 solution. The Pepe Unchained project aims to provide fast transactions with low interest rates, making it an ideal launchpad for new meme coins.
Not only will users benefit from a unique and highly meaningful layer 2 blockchain, but there will also be significant rewards to be earned through the native PEPU token. Users will benefit from dual staking rewards, meaning that users holding PEPU tokens will be able to earn returns in the range of 500% per year. More than 330 million PEPU tokens have already been staking, which is a sign that users are confident in the future of this promising project.
Pepe Unchained’s pre-sale has quickly become a huge success, already raising nearly $4 million in initial investment. The token will continue to rise with each stage of the pre-sale, and now that the pre-sale is close to its next target, there is little time left to take advantage of the current low price. Tokens can be purchased via ETH, BNB, USDT, and credit cards.
Visit the Pepe Unchained pre-sale
The Meme Games (MGMES) – Compete with meme characters for the gold medal
A new cryptocurrency game has entered the market with The Meme Games, which has quickly gained much-needed attention. The game is based on the 2024 Paris Olympics, where users will choose their favorite meme character to compete for the gold medal. The project combines the excitement of the Olympic Games with the fun of meme characters.
In The Meme Games, users can choose from five well-known meme characters: PEPE, DOGE, BRETT, TURBO, and WIF. When users purchase MGMES tokens, they must also choose a meme character. The moment the meme character they choose wins, investors will receive a 25% bonus. Users can purchase as many MGMES tokens as they want, meaning they can receive the 25% bonus indefinitely.
https://twitter.com/MemeGames2024/status/1811406340952355185
Not only can users earn great bonuses by playing crypto games, but they can also earn significant bonuses by staking their native MGMES tokens. The current APY that can be earned is over 4,000%. This APY will decrease as more tokens are staked, but users who purchase and stake MGMES tokens now can realize significant returns.
The Meme Games pre-sale has only recently started, but has already raised over $120,000. This is a sign that the project has already created the traction it needs, so we can expect the pre-sale to run through several stages. This means that the current price of $0.009 will not last any longer, as the price will continue to rise with each new stage of the pre-sale. Tokens can be purchased via ETH, BNB, USDT, and credit cards.
Visit The Meme Games Pre-Sale