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XRP Hits New Low After $330M Liquidated By Holders, Community Finds Comfort in New Meme Defying Bearish Sentiment

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The rollercoaster ride for Ripple’s XRP continues as the token hits a new low, following a massive $330 million liquidation by its holders. This major sell-off has sent shockwaves through the community, causing a sharp drop in XRP’s value as it teeters on a critical support level. However, amidst the bearish sentiment and panic selling, a new meme coin, Mpeppe (MPEPE), is emerging as a surprising beacon of hope for investors seeking to offset their losses.

Ripple’s Turmoil and the $330 Million Sell-Off

Ripple’s ongoing legal struggles with the U.S. Securities and Exchange Commission (SEC) have taken a toll on the cryptocurrency’s performance in 2024. Despite recent progress in the case, uncertainty still lingers, causing large holders to liquidate their XRP positions. This has led to a cascading effect on the market, with the token hitting new lows and facing significant resistance at key price points, except this new meme casino coin Mpeppe after rallying 150%. The $330 million liquidation represents a significant portion of XRP’s trading volume, and it’s a clear sign that some investors are losing faith in Ripple’s ability to recover in the short term.

XRP has been flirting with the 50-cent support level, and if it breaks below, analysts fear it could plunge further. As the bears tighten their grip on XRP, many holders are feeling uneasy, unsure if the worst is yet to come.

Mpeppe: A Meme Casino Coin Defying the Bear Market

While XRP struggles to regain its footing, the meme coin market is witnessing an exciting new contender—Mpeppe (MPEPE). Defying the overall bearish sentiment that has gripped much of the crypto space, Mpeppe is proving to be a bright spot for investors. Currently in Stage 4 of its presale, Mpeppe (MPEPE) has already raised nearly $2 million, with 66% of the tokens sold. Its presale success is a testament to the strong community support it has garnered, as well as its appeal as a meme coin that promises high returns.

Unlike XRP, which is weighed down by regulatory challenges, Mpeppe has been able to ride the wave of meme coin hype, similar to Dogecoin and Shiba Inu. Meme coins have historically performed well during market downturns, offering investors an opportunity for short-term gains even in the face of broader market declines. As more XRP holders liquidate their positions, many are redirecting their funds into Mpeppe (MPEPE), which they see as a potential 100x opportunity in the coming months.

Why Mpeppe Is Attracting Gobal Attention

Mpeppe’s rapid presale progress is one of the key reasons it has been able to capture the attention of the crypto community. With each presale stage, the token price increases, providing early investors with the potential for significant returns once it officially launches. The meme coin has managed to tap into the viral nature of internet culture, leveraging its meme status to create a dedicated and engaged community.

Another reason Mpeppe is attracting attention is its accessibility. Unlike more complex blockchain projects like XRP, which require a deep understanding of technology and regulatory landscapes, Mpeppe appeals to a broader audience of casual investors. Its simplicity and meme-driven marketing make it an attractive alternative for those looking for high-risk, high-reward opportunities.

Shift from XRP to Meme Sensation Mpeppe

The transition of funds from established cryptocurrencies like XRP to newer meme coins like Mpeppe (MPEPE) reflects a broader trend in the market. Investors, particularly retail traders, are increasingly seeking out opportunities with higher upside potential, even if they come with greater risk. Meme coins, with their ability to capture the imagination of the internet and generate viral hype, offer the possibility of quick gains, which is especially appealing in times of market uncertainty.

For XRP holders, the decision to liquidate and invest in Mpeppe (MPEPE) represents a shift in strategy. Instead of waiting for Ripple’s legal issues to resolve and for XRP to regain its former highs, many are opting for a more speculative play that could deliver outsized returns in a shorter time frame. With Mpeppe’s presale rapidly progressing and its community growing, it’s not surprising that XRP holders are finding comfort in this meme coin.

Mpeppe Emerges as a New Favorite Meme Coin

As XRP continues to struggle, weighed down by legal battles and a massive liquidation event, Mpeppe (MPEPE) is emerging as a favorite among investors looking to capitalize on meme coin hype. With its presale in full swing and strong community support, Mpeppe offers a promising alternative for those looking to escape the bearish sentiment surrounding XRP. Whether Mpeppe can sustain its momentum and deliver on its potential remains to be seen, but for now, it’s providing much-needed hope to a market in turmoil.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 



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Dogecoin Fractal Points To A Potential Breakout, Can It Reach A New ATH?

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The Dogecoin price has entered another stage of bullish momentum that has reignited inflows from traders. Notably, the DOGE price has surged by about 16.3% over the past 24 hours. This surge has brought into focus the possibility of the DOGE price reaching a new all-time high this year. 

Interestingly, a crypto analyst on the social media platform X has highlighted a bullish fractal that could push the Dogecoin price on a parabolic run.

Dogecoin Fractal Points To New ATH

Master Kenobi shared his analysis of the Dogecoin price action on X. In his post, Kenobi outlined a fractal setup, suggesting that DOGE is on the verge of a significant breakout. Kenobi attributed the fractal formation to the consolidation that began after the DOGE price reached $0.43

A bullish fractal is a pattern that suggests an upward reversal in price. This pattern, which occurs during price consolidations, is characterized by a middle bar that has the lowest low, flanked by higher lows on each side.

Kenobi’s analysis was accompanied by a DOGE chart on the four-hour candlestick timeframe. The chart revealed that a similar fractal had occurred during the first week of November. At that time, Dogecoin was consolidating after an initial surge past the $0.20 mark. This consolidation phase, much like the current one, was marked by low volatility and steady accumulation. However, the November fractal ultimately resolved with an explosive 115% rally over six days.

Drawing parallels with the November setup, Kenobi predicted that the Dogecoin price could replicate this outcome and create a new all-time high in the next three days. In terms of a price target, a breakout would see the DOGE price reaching the $0.74 mark, which would put it above its current all-time high of $0.7316.

Dogecoin
Source: X

What’s Next For The Dogecoin Price?

The prospect of a new all-time high for the Dogecoin price is gaining ground with each passing day, especially with the price action in the past 24 hours. At the time of the analysis, the DOGE price was trading at $0.41. Interestingly, the Dogecoin price has surged to $0.46 at the time of writing, which indicates that the bullish fractal breakout has happened. 

DOGE, which started November at $0.1616, is already up by about 230% in the past 30 days. Many on-chain data and price patterns point to a continued price increase, at least in the next few days and weeks. Ali Martinez, a popular crypto analyst, suggested that the Dogecoin price is in the middle of a bullish breakout to $0.82. If the price target is achieved, this would represent a further 78% gain from the current price.

Dogecoin price chart from Tradingview.com
DOGE price reclaims $0.47 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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BTC Continues To Soar, Ripple’s XRP Bullish

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The crypto universe has concluded yet another week, primarily with riveting developments unfolding across the broader sector. Bitcoin (BTC) continues to pump, hitting a new ATH this week. Simultaneously, Ripple’s XRP garnered significant market attention, recording considerable gains. The broader market continues to leverage investor optimism post-U.S. elections that saw Donald Trump reelected as the president.

Here’s a brief collection of some of the top cryptocurrency market headlines that have significantly impacted investor sentiment over the past seven days.

BTC Hits New ATH Amid Bull Crypto Market

BTC price hit a new ATH near the $100K level this week, echoing a buzz across the broader sector. Notably, the flagship coin gained roughly 10% over the past week to hit an ATH of $99,655. Attributable to this bullish movement post-U.S. elections, Rich Dad Poor Dad author Robert Kiyosaki shared a bold prediction for the coin, anticipating its price to hit $13 million.

Simultaneously, the crypto also saw heightened institutional interest amid its bullish movement, underscoring the potential for further gains. Aligning with this heightened market interest, biopharmaceutical firm Hoth Therapeutics forged ahead with BTC buying plans, sparking additional optimism surrounding the crypto.

Meanwhile, Bitcoin miner MARA completed its $1 billion private offering this week, with some of the proceeds set to be used to buy more BTC. Overall, the flagship coin leveraged significant buying pressure this week, paving a bullish path for future movements.

Ripple’s XRP Steals Attention

On the other hand, XRP’s price witnessed gains worth 40% over the past week, cementing investor optimism amid a bullish digital asset sector. Notably, XRP whales accumulated nearly $526M worth of the token this week, indicating that the Ripple-backed coin could pump higher. Veteran trader Peter Brandt predicted amid this bullish movement that a parabolic rally for the crypto also lies ahead.

Further, Ripple CEO Brad Garlinghouse conveyed bullish sentiments on XRP and a possible end to the SEC lawsuit, primarily attributable to the newly appointed U.S. Treasury Secretary Scott Bessent. Simultaneously, the Ripple vs. SEC lawsuit saw the regulator and FINRA trying to bring “digital asset securities” claims. This mover comes against the backdrop of XRP’s rally to $1, with speculations of a looming $2 target on SEC Chair Garu Gensler’s exit.

Overall, these market updates have sparked significant investor enthusiasm over the crypto realm’s future action, with market watchers being optimistic.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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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XRP Price To $28: Wave Analysis Reveals When It Will Reach Double-Digits

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Crypto analyst Behdark has predicted that the XRP price can reach $28. This prediction follows his Elliot Wave theory analysis, which also showed when the crypto will reach this double-digit price target. 

When XRP Price Will Reach Double Digits

In a TradingView post, Behdark’s Elliot Wave theory analysis showed that the XRP price can reach double digits by 2026. The analyst’s accompanying chart showed that the first double digits target for XRP will be $15, after which the crypto could eventually rally to $28. Behdark also provided more insights into XRP’s current price action and why this rally could happen. 

XRP Price 1
Source: X

First, the analyst mentioned that the XRP price looks to be currently within a running triangle. In line with this, Behdark remarked that wave D might complete its movement by hunting the all-time high (ATH) at $3.84. He mentioned that there could be a price correction for wave E afterward. 

Once that XRP price correction happens, Behdrak predicts the next move will be the post-pattern movement targeting a level above $15. This is where the price target of $28 comes into the picture, as the analyst’s accompanying chart shows it is a feasible target for the crypto, although it might not happen in this market cycle. 

An XRP price rally to $28 would mean that the crypto would have a market cap of $2.8 trillion. However, Behdrak suggested that this was still feasible. He noted that his focus was on chart analysis and not fundamentals, even though fundamentals are reflected in the chart itself. 

Meanwhile, the analyst told market participants that if a clear and identifiable pattern emerges when the XRP price reaches wave E of the triangle, they could position themselves for the main move to double digits. 

A Confirmation Of This Double Digit Target

Crypto analyst Dark Defender also recently shared an Elliot Wave theory analysis, which showed that the XRP price could indeed reach double digits. Specifically, the analyst’s accompanying chart showed that XRP could rally as high as $18 when the wave 5 impulsive move occurs. 

XRP Price 2
Source: X

Interestingly, unlike Behdark’s chart, which showed that the rally to double digits would happen in 2026, Dark Defender’s chart showed that the rally to $18 could happen as early as mid-2025. Meanwhile, the analyst said that the XRP price is currently in the third wave, with the crypto expected to rally to $5 when this next impulsive move occurs. 

Afterward, the XRP price is expected to witness a corrective move that will cause it to drop to as low as $4. The next impulsive move after this could send XRP to the $18 target. 

At the time of writing, the XRP price is trading at around $1.55, up over 10% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com
Token price moves above $1 | Source: XRPUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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