4 hours ago
Ripple is navigating a pivotal range between $1.8 and $3, with recent price action highlighting the likelihood of a consolidation phase. A breakout from this range will likely determine its next significant trend. XRP Price Analysis By Shayan The Daily Chart XRP recently faced rejection at the critical $3 resistance, triggering increased volatility and initiating a sideways consolidation phase. After that, the price found support at the $1.8 level, a key zone filled with demand and buying pressure. This support region can limit further downward movement and maintain the cryptocurrency within the $1.8-$3 range. As the price consolidates, a bullish or bearish breakout will determine Ripple’s upcoming trajectory. While this could lead to a sustained uptrend, an unexpected bearish breakdown might trigger a significant liquidation event, causing the price to plummet toward lower levels. Source: TradingView The 4-Hour Chart During the 4-hour timeframe, XRP consolidates within a descending wedge pattern, which often signals a potential bullish breakout if breached upward. Currently, the price is testing the wedge’s lower boundary near the $1.8 support level, where increased buying activity is expected. In the mid-term, Ripple seems likely to continue fluctuating within this pattern, with a bullish breakout aiming to reclaim higher levels near $3. Conversely, a bearish breakdown below the wedge’s lower boundary could initiate a decline, potentially driving the price toward the $1.5 threshold, a crucial support level. Source: TradingView The post Why is the XRP Price Down Today? (Ripple Price Analysis) appeared first on CryptoPotato .
Crypto Potato
You can visit the page to read the article.
Source: Crypto Potato
Tags :
Crypto News XRP Analysis XRPBTC XRPUSD Ripple (XRP) Price
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Binance Invests in USUAL Coin as BTC Prices Dip
Binance announces a new investment in USUAL Coin. The cryptocurrency market shows mixed sentiments despite USUAL`s surge. Continue Reading: Binance Invests in USUAL Coin as BTC Prices Dip The post Binance Invests in USUAL Coin as BTC Prices Dip appeared first on COINTURK NEWS . Crypto Potato
Dawgz AI Crosses $500,000 in Presale: A New AI-Powered Meme Coin for Crypto Enthusiasts
London, United Kingdom, December 23rd, 2024, Chainwire Dawgz AI , a blockchain-based project offering a unique AI-powered meme coin, has raised over $500 thousand of its initial $960 thousand presale goal. This milestone demonstrates investors’ confidence and Dawgz AI’s growing presence and influence in the meme coin industry. Built on the Ethereum blockchain, Dawgz AI combines innovative technology with an engaged community, positioning it as a unique entrant in the meme coin market. Dawgz AI and Its AI-Powered Approach Dawgz AI aims to be more than just a meme coin. It represents the combination of blockchain technology and AI-powered trading algorithms. Dawgz AI’s primary goal is to offer opportunities for users to gain rewards for investors through its Blackbox AI technology. This technology allows its participants to benefit from AI-driven returns without the need for active or even passive trading. Moreover, the Dawgz AI team aims to reduce risk and enhance profit potential, making it a compelling option for crypto enthusiasts and investors. Tokenomics and Key Fundraising Milestones Dawgz AI’s tokenomics reflects a strategy focused on both growth and community engagement. The current token price is $0.00211, a scheduled increase to $0.00231 is coming in a few days. Early investors have already contributed over $500 thousand toward the project’s presale goal. With a total token supply of 8,888,888,888 $DAGZ, Dawgz AI demonstrates growth potential. The presale allocation of 30% and staking rewards of up to 1700% may appeal to those looking to invest at the early stage. Dawgz AI Gains Visibility Dawgz AI has received attention in the crypto community. Discussions on platforms like Reddit, social media, and crypto forums have increased the Dawgz AI’s visibility, while mentions in Google News and coverage by major crypto media outlets reflect growing market interest. The project has raised $500,000 to date, with continued interest as it highlights its unique value proposition. Audit and Security Measures for Investor Confidence Security and transparency are essential factors in today’s crypto landscape. Dawgz AI has taken proactive steps to ensure both. The project’s smart contracts have been audited by SolidProof, a reputable blockchain auditing firm, providing investors with confidence in the integrity and security of the platform. Opportunities for Early Investors With the presale price set to increase in the coming days, early adopters stand to benefit from future growth. The combination of a unique value proposition, a strong AI-driven foundation, and a growing community makes Dawgz AI a noteworthy entrant in the meme coin space. About Dawgz AI Dawgz AI is an innovative cryptocurrency project built on the Ethereum blockchain, leveraging AI-powered algorithms to create a unique meme coin that offers both community engagement and opportunities to get rewards. The project aims to combine the fun and culture of meme coins with the sophistication of advanced AI technologies to provide long-term value for investors and participants. Official Website: https://dawgz.ai Social Media: X (Twitter): https://x.com/Dawgz_AI Telegram: https://t.me/DawgzAI_Official Instagram: https://www.instagram.com/dawgzaiofficial/ Contact Aaron Wyatt https://dawgz.ai pr@dawgz.ai Crypto Potato
See Also
12 dakika önce
SCENE`s 2024 Person of the Year: Iggy Azalea
EXCHANGE
BUSINESS
-
DOGE and SHIB Price Prediction for December 23
1 saat önce
