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The XRP worth surged 10% within the final 24 hours to commerce at $2.82 as of 09:27 p.m. EST on buying and selling quantity that soared 60% to $7.8 billion, in line with CoinGecko.
This got here after the US Securities and Alternate Fee (SEC) acknowledged 21Shares’ utility to launch a spot XRP ETF (exchange-traded fund).
BOOOOOOOOOOOOOOOOOM!!!!
The SEC has formally acknowledged submitting for 21Shares spot #XRP ETF! 👀💥 pic.twitter.com/xzD2Zb3Fdf
— JackTheRippler ©️ (@RippleXrpie) February 14, 2025
The acknowledgement is a crucial a part of the approval course of, indicating a assessment of the proposed product will get underway.
Ripple Token Worth On An Uptrend
The XRP worth chart shows a transparent upward worth development since October 2024, marked by a pointy worth rally from the $0.50 vary to a excessive of $3.40.
XRP’s worth motion is contained inside an ascending channel, highlighted by two purple trendlines, indicating that the asset is respecting this bullish construction.
Lately, XRP discovered help close to the decrease boundary of the channel and is now trying to push greater after a short correction. The worth of the Ripple token additionally bounced off the 50-day Easy Transferring Common (SMA), an indication that patrons are stepping in at dynamic help ranges.
The higher trendline of the channel, round $3.40, acts as a key resistance, whereas the decrease trendline close to $2.3 serves as essential help.
In the meantime, the 200-day SMA, positioned at $1.3958, is properly beneath the present worth, confirming that XRP is in a robust uptrend from a broader perspective.
The Relative Power Index (RSI) stands at 57.40, barely above the impartial 50 degree. This means a average bullish momentum with out being within the overbought zone. The RSI lately bounced from close to 40, exhibiting that the correction section is perhaps over and patrons are regaining management.
XRP/USDT Chart Evaluation (Tradingview)
XRP Worth Prediction
Given the present technical setup, XRP seems to be in a bullish consolidation section inside an ascending channel. If the worth continues to carry above the 50-day SMA and the decrease channel help, it’s prone to retest the $3.40 resistance within the close to time period.
A profitable breakout above this degree may push the worth of XRP in direction of the $4.00 mark.
Nonetheless, failure to take care of help on the 50-day SMA may result in a retest of the $2.33 zone, with a extra vital correction probably bringing the worth all the way down to the $2.00 area.
Because the XRP worth surges, buyers are additionally snapping up a brand new AI company crypto ICO referred to as MIND of Pepe (MIND). 99Bitcoins, a well-liked crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 10X after its launch.
MIND Of Pepe Presale Hurtles Towards $7 Million – Subsequent Large Crypto?
Buyers have already pumped $6.2 million into the MIND Of Pepe mission in simply its first month.
Its AI agent analyzes social media tendencies on platforms like X, Discord and Telegram in actual time and identifies market tendencies earlier than they change into mainstream. It then shares these insights completely with token holders, giving them a key edge.
Worship. $MIND pic.twitter.com/c4gO6NP5ft
— MIND of Pepe (@MINDofPepe) February 15, 2025
It’s additionally the primary AI agent crypto to have the highly effective branding of the meme coin titan PEPE. Buyers also can stake their MIND tokens for an enormous annual return of 373%.
Presently, MIND tokens are priced at $0.003332. buyers can purchase earlier than a worth hike in lower than 2 days to safe the perfect deal.
Go to MIND of Pepe.
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