XRP Hits $1 for the First Time Since 2021 — Can It Climb to $2, $5, or Be Outshined by These Bullish New Cryptos

XRP has reached the $1 milestone for the first time since 2021, driven by a confluence of political developments, regulatory optimism, and institutional interest in the cryptocurrency space. This significant surge has caught the attention of investors, sparking discussions about whether XRP can continue its ascent to $2 or even $5.

However, with a new wave of bullish cryptocurrencies entering the market—such as XYZVerse, a unique memecoin uniting sports enthusiasts—there’s speculation that XRP might be overshadowed by these emerging contenders.

Score Big with XYZ: The New Meme Coin Heavyweight

xyzverse

While XRP is making headlines, XYZVerse is emerging as a formidable contender that could potentially outshine established cryptos. XYZVerse is the first sports-driven memecoin designed to captivate sports fans worldwide. Think of it as the MVP of the XYZVerse ecosystem, where enthusiasts can capitalize on the booming demand for prediction markets.

In 2024, meme coins are poised to be the reigning champions of the crypto space. Past successes like DOGE and SHIB have shown thousand-fold rallies. XYZVerse is set to outshine them all, targeting a staggering 19,900% increase by the end of its presale.

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As outlined in its presale plan, the starting price of $XYZ was just $0.0001, and by the final fifteenth stage, it will rise to $0.1. Early investors who bought in at the first stage secured an extraordinary 99% discount.

The fifth stage is currently underway, with $XYZ priced at $0.0005. When the seventh stage begins, $XYZ will break this resistance, and the price will jump by 33%, reaching $0.000667.

With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZVerse is already ahead of the game. The first-mover advantage is key here—get in before the crowd storms the field, and you’ll be sitting on way bigger returns!

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XRP (XRP)

XRP has experienced a significant surge recently. In the past week, its price jumped by 96.30%. Over the last month, it increased by 101.93%, and in the past six months, it climbed by 104.03%. The current price ranges between $0.52 and $0.64. This remarkable growth reflects growing interest and momentum in the market.

Technical indicators suggest potential for further gains. The Relative Strength Index (RSI) is at 54.55, indicating that XRP is neither overbought nor oversold. The Simple Moving Averages over 10 days and 100 days are $1.07 and $0.88 respectively, both above the current price. This could signal an upward trend. The MACD level is positive at 0.0131, hinting at bullish momentum. The Stochastic oscillator stands at 63.16, supporting the possibility of continued price increases.

XRP is approaching its nearest resistance level at $0.69. Breaking through this point could push the price toward the second resistance at $0.81, representing a potential gain of over 26%. On the downside, the nearest support is at $0.44. If the price dips to this level, it would mean a decrease of around 15% from the current range. Traders are watching these levels closely to gauge XRP’s next move.

MANTRA (OM)

MANTRA (OM) has experienced a remarkable surge over the past six months, with its price climbing by 379.05%. In the last month alone, the coin’s value increased by 129.80%, and just this past week, it soared by 154.00%. This significant upward trend highlights strong momentum and growing interest in the market.

Currently trading between $1.29 and $1.56, OM is approaching its nearest resistance level at $1.69. Breaking through this point could see the price aiming for the second resistance at $1.96, which is about 25% higher than the current upper range. On the downside, the nearest support level lies at $1.13, with a second support at $0.8568, indicating potential stabilization zones if the price dips.

Technical indicators present a mixed outlook. The Relative Strength Index (RSI) stands at 79.99, suggesting that the asset might be overbought and could face a correction. However, the Stochastic indicator is at 85.42, and the MACD level is positive at 0.3018, both pointing toward continued bullish momentum. The Simple Moving Averages over 10 and 100 days are $3.37 and $2.05 respectively, both above the current price. This gap indicates potential room for growth, and moving toward the 100-day SMA could represent an increase of over 30% from the current price range.

Ondo (ONDO)

Ondo (ONDO) has seen notable price movements recently. Over the past week, its price has risen by 23.33%. In the last month, it climbed by 32.52%. However, over the past six months, it experienced a slight decrease of 2.80%. Currently, ONDO is trading between $0.66 and $0.94.

Based on the data, ONDO shows signs of potential growth. Its nearest resistance level is at $1.05. Surpassing this could lead to the next resistance at $1.33. This would represent an increase of around 40% from current levels. On the downside, the nearest support level is at $0.48. Falling to this point would mean a decrease of about 27%.

Technical indicators provide mixed signals. The Simple Moving Average over 10 days is $0.96, slightly above the current price range. The 100-day SMA is $0.90. The Relative Strength Index is 47.08, indicating neutral momentum. The Stochastic value is 23.05, suggesting the coin is approaching oversold territory. The MACD level is positive at 0.0016, pointing to potential upward momentum.

Jupiter (JUP)

Jupiter (JUP) is currently trading between $0.95 and $1.42. Over the past week, its price decreased by 2.43%. In the last month, it surged by 44.62%. Over six months, the price is down by 6.21%. This shows recent positive momentum but some volatility over a longer period.

The simple moving average over 10 days is $1.24, and over 100 days is $1.14. The Relative Strength Index (RSI) is at 51.10, indicating a neutral market. The MACD Level is 0.0219, suggesting slight bullish momentum. The stochastic value is 45.06, which is also neutral.

Jupiter faces its nearest resistance level at $1.60. Breaking through this could lead to the next resistance at $2.07, representing potential gains of about 13% and 45% respectively from the current high of $1.42. On the downside, the nearest support level is at $0.66, about 30% below the current low. If the price falls past this, the next support is at $0.19.

Conclusion

XRP, OM, ONDO, and JUP are performing well, but XYZVerse (XYZ) pioneers by uniting sports fans in a memecoin aiming for 20,000% growth.

You can find more information about XYZVersus (XYZ) here:

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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article

Source: https://bravenewcoin.com/insights/xrp-hits-1-for-the-first-time-since-2021-can-it-climb-to-2-5-or-be-outshined-by-these-bullish-new-cryptos