Can Ripple (XRP) Break Into Top 5 On CMC? As New ERC 20 Token Makes Waves On The ETH Network And Crypto Enthusiasts Hoard Cardano
The post Can Ripple (XRP) Break Into Top 5 On CMC? As New ERC 20 Token Makes Waves On The ETH Network And Crypto Enthusiasts Hoard Cardano appeared on BitcoinEthereumNews.com.
Ripple (XRP) is unburdened by what has been and continues to see massive surges as it’s gaining unstoppable momentum. Meanwhile, Cardano (ADA) continues to surprise the crypto community after months of radio silence, reclaiming a crucial level that cements its bullish thesis, prompting investors to take action and bolster their ADA positions. A newcomer in the meme coin space is also making waves with the viral presale of its utility token —$CUTO. Cutoshi could rewrite the entire meme coin script with its unique premise that boasts a functional DeFi ecosystem backed by pure meme energy. Ripple’s Domination Continues With 170% Monthly Gains After falling to the wayside for years due to excruciating legal battles with the SEC, things are finally turning around for Ripple (XRP). The pivotal point was Donald Trump winning the US presidential election, which sent ripples (pun intended) across the entire crypto realm, galvanized the community and flooded the Ripple chart with green candles. Trump’s victory started a chain of events that have led to Ripple experiencing a near-vertical breakout after ranging for months around the $0.51 mark. Shortly after, Ripple’s arch-nemesis and head of SEC, Gary Gensler announced his departure from the agency, which sent Ripple holders into a frenzy. After reclaiming the crucial $1 level, Ripple went on to establish a new yearly peak of $1.60, a level not seen since 2021. Predictably, selling pressure intensified and Ripple retraced, settling around the $1.40 price point. Ripple’s rally is still far from over. However, as per the monthly RSI indicator, it could enter a short-term cool-off phase, as it has entered overbought territory at 71 points. Source: TradingView Cardano Consolidating Above $1, What’s Next? Cardano (ADA) took a backseat for most of 2024 with its price moving in a narrow trading channel around the $0.32 mark.…
Filed under: News - @ November 27, 2024 8:22 am