Altcoin
Ripple (XRP) Investors Hold Out For Price To Hit $0.60 Whilst This New ICO Attracts PEPE Whales
As Ripple (XRP) investors eagerly anticipate a price surge to $0.60, a new player in the cryptocurrency market is capturing significant attention: Mpeppe (MPEPE). This emerging ICO is quickly drawing interest from notable Pepecoin (PEPE) whales, and here’s why the buzz around Mpeppe (MPEPE) is worth watching.
Ripple (XRP)’s Current Trajectory: Awaiting the $0.60 Milestone
Investor Sentiment and Market Analysis
Ripple (XRP) has long been a favorite among cryptocurrency investors, with many holding out for a price breakthrough to $0.60. The anticipation is driven by various factors including market trends, regulatory developments, and Ripple’s ongoing legal battles. Despite recent fluctuations, Ripple (XRP) remains a key asset in many portfolios, with investors keenly watching for any signs of a price increase.
Technical Indicators and Future Prospects
Technical analysis of Ripple (XRP) suggests that the path to $0.60 is plausible, provided certain market conditions are met. Indicators such as moving averages and support levels are being monitored closely by traders and analysts. A sustained upward trend could see Ripple (XRP) reaching the anticipated price point, potentially spurring further investment.
Mpeppe (MPEPE): The New ICO Capturing Attention
A Fresh Contender in the Crypto Space
Amidst the ongoing excitement around Ripple (XRP), Mpeppe (MPEPE) has emerged as a promising new ICO. Built on the Ethereum blockchain, Mpeppe (MPEPE) combines the viral nature of meme culture with innovative features in decentralized finance (DeFi). This blend of humor and practicality has piqued the interest of various investors, including those who have previously invested in Pepecoin (PEPE).
Features That Appeal to PEPE Whales
Mpeppe (MPEPE)’s unique appeal lies in its integration of DeFi elements such as yield farming and liquidity mining. For PEPE whales looking for new opportunities, Mpeppe (MPEPE) offers a compelling proposition with its potential for high returns and community-driven initiatives. The token’s design aims to provide both entertainment and financial benefits, making it an attractive option for seasoned investors.
The Intersection of PEPE and Mpeppe (MPEPE)
From PEPE to Mpeppe (MPEPE): A Natural Transition
For investors who have experienced success with Pepecoin (PEPE), transitioning to Mpeppe (MPEPE) seems like a natural next step. Mpeppe (MPEPE)’s foundations in meme culture and its innovative approach to DeFi mirror the appeal of PEPE, but with added functionalities. This connection has facilitated a smooth transition for many investors seeking new avenues for growth.
Why PEPE Whales Are Moving to Mpeppe (MPEPE)
The shift from PEPE to Mpeppe (MPEPE) can be attributed to several factors. Mpeppe (MPEPE)’s advanced DeFi features offer additional layers of investment opportunities that PEPE does not. Moreover, the growing popularity of Mpeppe (MPEPE) among the crypto community enhances its appeal, creating a sense of excitement and urgency among investors.
Conclusion: Balancing Ripple (XRP) Expectations with Mpeppe (MPEPE) Opportunities
While Ripple (XRP) investors remain hopeful for a price increase to $0.60, Mpeppe (MPEPE) is carving out its space in the crypto market. With its unique blend of meme culture and DeFi features, Mpeppe (MPEPE) offers a fresh opportunity for those looking to diversify their investments. As the crypto landscape continues to evolve, staying informed and strategically balancing investments will be key to achieving success.
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Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.
Expert Reveals Time For XRP Price To Hit $27
In an X post, Egrag Crypto asserted that the XRP price can hit $27 in 60 days. The expert remarked that historical patterns indicate that the altcoin can reach this target within this timeframe.
Based on this price prediction, XRP could reach this $27 target by June, marking a 1,250% gain for Ripple’s native crypto. The expert’s accompanying chart showed that he was alluding to the 2017 bull run as to why the altcoin could record such a parabolic rally.
In 2017, XRP recorded a historic gain of over 60,000% as it rallied to its current all-time high (ATH) of $3.8 the following year. As such, based on history, a 1,250% increase is nothing for the altcoin.
In the meantime, the XRP price still boasts a bearish outlook thanks to the sentiment in the broader crypto market. As CoinGape reported, Ripple’s coin could drop to the next major support levels at $1.79 and $1.56 if it fails to hold above $2.03.
Decision Time For The Altcoin
In an X post, crypto analyst CasiTrades stated that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce right back to the first key test at $2.17. She added that this is the resistance level she wants to see flip into support, as it might be the “most important price of the week.”
The analyst stated that XRP must reclaim this level to build momentum. She added that the $2 level remains a valid target if the $2.17 level rejects. Meanwhile, CasiTrades revealed that $2.70, $3.05, and $3.80 are the major resistance zones once the upward trend is confirmed.
The analyst also mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for and that all signs point to a macro wave.
CasiTrades affirmed that the structure is clean. The RSI divergence has confirmed the bottom, while the subwaves are aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, she claimed that market participants may finally see obvious signs of Wave 3. Interestingly, the analyst added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension.
For now, investors may remain cautious, especially seeing how XRP fell after the PMI and JOLTS data release earlier today. Donald Trump is also set to announce reciprocal tariffs tomorrow, which could spark a massive price crash.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A recent Binance update has triggered massive liquidations while sending Solana memecoin ACT into a steep correction. At first, pundits blamed market maker Wintermute for the jarring declines but Binance’s update to leverage and margin tiers appears to be the culprit.
Several Altcoins on Binance Suffer Massive Corrections
According to an X post, several altcoins listed on Binance took a major hit, dropping by double-digit percentages. The hardest hit of the lot was Solana memecoin ACT, experiencing a sudden drop of over 50% in 30 minutes.
Other altcoins including DEXE and DF equally recorded steep declines of 23% and 16% respectively in the same window. The price slump left traders scratching their heads but a consensus formed that sizable sell orders were behind the declines.
“The sudden dips were triggered by large sell orders executed in a short time frame, leading to a significant surge in spot trading volume,” said one pundit.
Others turned to market maker Wintermute as the trigger for the selloff. However, Wintermute CEO Evgeny Gaevoy denied responsibility while noting that the market maker reacted “post move.”
The decline comes amid a broader market recovery with several cryptocurrencies including Compound (COMP) gaining 70%.
What Triggered The 50% Decline For Solana Meme Coin
A Binance update on leverage and margin tiers on specific tokens like ACT triggered the massive declines. According to an April 1 announcement, the top exchange has updated the margin tiers of several perpetual contracts, noting that existing positions will be affected.
Following the move, one ACT whale got liquidated for $3.79 million at $0.1877, triggering a broad selloff. Former FTX community manager Benson Sun noted that traders had less than 3 hours to respond to the change, criticizing Binance for the move.
“Before changing the rules, Binance should have evaluated how many positions would be closed,” said Sun. “If there are market makers with large positions, they should have notified them in advance.”
Within hours of MUBARAK’s listing, the memecoin tumbled by 40% with Binance CEO Changpeng Zhao downplaying the impact of a listing on prices. Binance has drawn criticism in recent days following its exclusion of Pi Network from its Vote To List initiative.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A crypto market crash looks imminent, with Bitcoin, Ethereum, XRP, and Dogecoin witnessing notable declines. This price crash happened following the release of weak manufacturing PMI and JOLTS data, which provides a bearish outlook for the market.
Crypto Market Crash: BTC, ETH, XRP, & DOGE Decline
CoinMarketCap data shows that a crypto market crash could be on the horizon, with the Bitcoin price sharply dropping below $83,000 from a daily high of around $84,400. Altcoins such as Ethereum, XRP, and DOGE also witnessed sharp declines.
This market crash occurred following the release of weak ISM manufacturing PMI and JOLTS data. The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February.
The US JOLTS job openings for February came in at 7.568 million, below the expected 7.690 million and lower than the 7.762 million recorded in January. These data add to several macro fundamentals that paint a bearish outlook for the market.
This crypto market crash could persist, with China, Japan, and South Korea agreeing to respond to Donald Trump’s proposed tariffs. Trump is set to announce a number of reciprocal tariffs tomorrow, which could significantly harm the market as it sets off a trade war between the US and other nations.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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