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The XRP price has plummeted 19% over the last 24 hours and recorded 352% to $ 25.5 billion, trading at $ 2.21 at 11:18 pm.
There is a report that Ripple Labs has moved 700 million XRP tokens to ESCROW, which means that the token is temporarily locked and cannot be used for transactions.
This movement is a strategic shield on the potential reduction of XRP value as the entire Cryptocurrency market is lowered down.
700m+ $ XRP It is locked. 500m+ $ XRP Unlock. @ripple Do not play around. This feels like a fluid test before it becomes a big disturbance. Do we try to witness history? đź‘€
-Hunter (@theteapartier) February 2, 2025
XRP price of continuous decline
The XRP price analysis of the four -hour chart shows a clear weakness in a long -term integration period with a low wedge pattern.
After failing to exceed the top resistance line near $ 3.10, the XRP price began to raise a low increase, and eventually the SMA of the 50-period of the four-hour chart and the 200 dollar SMA fell to $ 2.7918. According to GeckoterMinal data.
The price of XRP has now collapsed at $ 2.2171, recording a significant loss in a short time, and a large amount of spikes have confirmed the strong sales pressure.
Moreover, the relative robbery index (RSI) is 11.12, which is deeply overproduced (<30). These extreme overpower conditions often lead to short -term bounce, but wider weakness can limit the attempt to recover.
The moving average convergence release (MACD) is in the negative area (-0.0758 for the MACD line and -0.1694 for the signal line) and shows a strong weak crossover. This suggests that momentum remains in favor of bears and no signs of reversal are yet present.
Ripple token price prediction
If the XRP price drops below the main support level, there may be additional disadvantages unless the buyer is actively developing. The next major support to watch is about $ 2.00, and if it is interrupted, the XRP will be less than $ 1.80 in the short term.
Given the extremely Hold RSI, a relief bounce can occur and potentially pushes the XRP to $ 2.50- $ 2.60 resistance. For true trend reversal, the Ripple token must recover the $ 2.80-$ 3.00 range and keep it on it.
As an XRP Price Plummets, investors are buying a new MEME COIN called MEME Index (MEMEX). According to YouTuber Jacob Bury, a Crypto analyst and more than 54.9K subscribers, MemEx is likely to be the next 10 times encryption.
MEME Index Presale raises more than $ 3.29 million
Finding promising opportunities during hundreds of weeks is a big challenge in encryption and Meme Coin Markets.
MEME INDEX solves this through a distributed index platform designed to categorize and group MEME COIN according to how dangerous the investment is. Since its launch in December 2024, Memex Token Presale has already raised almost $ 3.3 million.
The MEME index is vivid in the upcoming tokens! 🚨@memecoin_index We present the first various meme coin platforms $ MEMEXIt offers incomparable access to the $ 120 billion Meme Coin market.
MEME Index provides exclusive access to indexes that accommodate all risks. pic.twitter.com/gsibbuzozx
-The best wallet (@bestwallethq) December 27, 2024
This platform offers four investment baskets: Titan, MOONSHOT, MIDCAP and FRENZY for various dangerous appetite.
This basket is characterized by emerging, high satellite and high -risk memes, including existing tokens such as Dogecoin (Doge) and SHIBA INU (SHIB).
By maintaining the MEMEX token, investors simplify the process of investing in the MEME COIN sector by accessing these selective portfolios.
The noticeable feature of the MEME index is a stage King program and is currently offering annual yield of about 692%.
You can buy Memex tokens for pre -sale on the official website for $ 0.0158443.
Buy MEMEX here to lock the best transaction before the price rises within 44 hours.
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