The post Ripple (XRP) Bounces Back After Briefly Falling Below $2.50 as This Crypto Presale Grows Like Wildfire appeared on BitcoinEthereumNews.com.

Ripple (XRP) rebounding to above $2.50 after a turbulent week marked by a 40% price plunge within 13 hours sparked concerns among traders. The token now faces daily losses exceeding 15% and weekly declines nearing 20%, erasing $32.96 billion from its market cap. Whale activity has further intensified the pressure, with over 130 million XRP dumped in 24 hours. Meanwhile, anticipation continues to build around a potential Securities and Exchange Commission (SEC) decision on Ripple’s legal case and an XRP exchange-traded fund (ETF) application. As XRP traders navigate this uncertainty, a new contender, Mutuum Finance (MUTM), surges in its presale phase, drawing attention with rapid fundraising and promises of high returns.   Ripple (XRP) Volatility Dominates Market Sentiment   XRP’s price swings highlight its fragile position in the crypto market. After briefly crashing below $2.50, the token has struggled to stabilize, with technical indicators pointing to further risks. Analysts note critical support levels at $1.98 and $1.87—zones that could determine XRP’s next move. A drop below these thresholds might push prices toward $1.30, while holding could signal a rebound. The Fear & Greed Index reflects widespread caution, scoring 44 as investors weigh regulatory developments.   Notably, whales’ accelerating sell-offs add pressure, coinciding with Ripple’s release of 1 billion XRP from escrow. While long-term optimism persists, fueled by hopes of SEC case resolution and ETF approval, short-term hurdles keep traders on edge. The 50-day simple moving average at $2.58 underscores bearish momentum, contrasting with the 200-day average at $1.25, which hints at eventual recovery. For now, XRP’s path remains tied to regulatory clarity and market sentiment shifts.   Mutuum Finance (MUTM) Presale Captures Investor Interest   As XRP wobbles, Mutuum Finance (MUTM) has emerged as a strong alternative for investors seeking high-growth opportunities. The project’s Phase 1 presale has advanced rapidly, raising over $65,000 with 175…

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Filed under: News - @ February 6, 2025 1:26 pm