XRP has experienced a 1.5% drop in the past 24 hours, currently trading at $0.5886 as the overall crypto market sees a 3% decrease. While XRP is down by 3% in a week, it still maintains a 2.5% gain in the past two weeks, although it is down by 2.5% in a month. Analysts predict that XRP is poised for a breakout soon, with some setting a target of $1 for the coin in the coming year. Despite being up only 11% in the past year, XRP may be due for a significant push, potentially signaling the beginning of a rally in the near future.
The current chart for XRP shows the altcoin trading within a rising range, pushing its resistance and support levels upwards. Despite a recent dip, the relative strength index indicates a potential bounce back up in the short term. Additionally, XRP’s 30-period moving average recently fell below the 200-period average, suggesting the altcoin may be primed for a rebound. While whales have been moving XRP to exchanges in recent days, indicating a possible delay in recovery, analysts remain optimistic about XRP’s future performance, with $1 seen as a realistic target for 2025.
Ripple recently concluded its case with the SEC, receiving a penalty much lower than the original demand, giving the company a clean legal slate to continue developing its business without significant obstacles. As the market potentially enters a more bullish period driven by anticipated rate cuts by the Federal Reserve next month, XRP’s price could see an increase to $0.75 by Q4 and $0.90 by year-end. For traders seeking faster returns, newer meme coins such as PlayDoge offer high potential, with presale tokens like PLAY showing promising growth and utility.
PLAY, an Ethereum-based play-to-earn crypto, has raised $6.3 million in its ongoing presale and is set to list on exchanges. With gameplay inspired by Tamagotchi games, PLAY users can earn rewards by breeding and completing missions with 8-bit Shiba Inu pets, trading pets and other items using the native token PLAY. The token has a cap of 9.4 billion, with 50% allocated for sale, and holders can stake it to earn passive income. Despite the current price of $0.00532, which is the final sale price, PLAY’s popularity suggests it could see significant growth once listed on exchanges.
Investors interested in participating in the PlayDoge presale can visit the official website to purchase tokens before the sale ends. Although cryptocurrency is a high-risk asset class, with the potential for investors to lose all their capital, those looking for alternative investments such as newer meme coins like PLAY may find opportunities for high returns. PlayDoge’s unique combination of utility, gameplay, and fundamental features positions it as a promising token with the potential for significant growth in the short term.
