XRP About to Hit $2, Will BTC Price Hit $100,000 This Weekend?

The crypto space is a strong indication of a bull market, as evidenced by the surging prices of top altcoins and leading crypto Bitcoin. XRP, after years of legal battles and stagnation, also appears to have gained momentum, thanks to current market sentiment.

Along with speculations of a massive surge in XRP, investors are also patiently waiting for Bitcoin to finally cross the $100,000 mark. This anticipation has also led to an increase in the number of investors, with the majority looking for projects on which to make huge profits.

How long until XRP hits $2?

Market conditions are already bullish and XRP seems to have announced major developments one after another. The mixture of these elements may have contributed greatly to the pomp he has recorded thus far. The last two weeks have also seen a massive increase in whale activity, with the majority of major buyers restocking on more and more XRP tokens.

Santiment, the popular research company, had said in October that the number of XRP wallets had also suddenly increased. Its data also showed that in 7 days, whales managed to increase their holdings by over 700 million XRP tokens.

XRP has also been very active in various countries and appears to be in talks to be adopted as part of the countries’ digital stablecoins. India is an example: the Reserve Bank of India (RBI), the Indian central bank, recently confirmed a partnership with Ripple Labs for its Digital Rupee initiative. RBI will use Ripple’s XRP Ledger and the company’s expertise in blockchain technology and cross-border transactions to improve the efficiency and security of the digital rupee.

At the time of writing, the token’s price is around $1.7 and is in a continuous uptrend. The RSI shows that XRP is currently in severely overbought territory, currently sitting over 97 points.

A healthy correction can be expected, but if BTC’s dominance declines further, it may not be surprising to see altcoins as a whole gain strength and momentum, with XRP also among the pump tokens.

$XRP A historic escape ahead 📈

In all my years of trading crypto, I have NEVER seen a 7 year old bull pennant.

We may be about to witness one of the most significant breakthroughs in crypto history. pic.twitter.com/X4H5otlcAM

– Crypto Michael (@MichaelXBT) July 17, 2024

The token is yet to see an additional gain of more than 15% to reach the $2 mark, which would bring the token’s total market cap to over $110 billion from its current range of 97.5 billion dollars. Regardless, investors appear bullish on the token, with many analysts predicting a $2 target for the token before the end of 2024.

Will Bitcoin surpass $100,000 this week?

This is a question that is on every investor’s mind these days. After successfully breaching the $99,000 range last week, investors were confident that the $100,000 barrier would be breached. But instead, BTC saw a massive correction, falling as low as $90,000 in a matter of days. Since then, it has regained strength, but there still appears to be heavy trading activity affecting its movements.

The Bitcoin liquidation heatmap recorded significant clusters near $100,000 as well as $95,000. These levels represent areas where leveraged long and short positions are concentrated, attracting traders looking to trigger liquidations for profit. The chart shows a steady upward trend, with consolidation between $95,000 and $100,000. Both long and short positions are strongly present, but one barely outweighs the other. Bitcoin’s likelihood therefore appears to depend primarily on market sentiment.

Reaching $100,000 depends on market momentum overcoming current resistance. High liquidity at $100,000 could lead to either a breakout, fueled by bullish sentiment, or a pullback due to profit-taking and selling pressure. However, a breakdown below $95,000 could trigger a cascade of liquidations, driving the price lower.

It is possible that if Bitcoin maintains its upward trajectory, $100,000 could be tested in a matter of days, especially with strong macroeconomic or crypto market catalysts. Austin Hilton, a veteran crypto analyst, also shared in one of his YouTube videos that the possibility of Bitcoin seeing massive growth in the coming days is possible. He also speculated that XRP’s current momentum may remain intact and that it may break through the $2 range to explore higher territories in the coming weeks.

Investors are looking for small-cap gems

The possibility of a bull market has created a sense of anticipation among all citizen investors. This has led the majority of them to look for projects that could generate 10x or even 100x, which is often possible during a bull cycle.

Two trendy options that seem to be getting a lot of attention are:

Pepe unleashed

Pepe Unchained is an innovative crypto project that builds on the iconic Pepe meme, introducing an advanced ecosystem with its own blockchain. Designed to elevate the memecoin concept, Pepe Unchained incorporates Layer 2 (L2) capabilities for faster transactions and lower fees, solving common scalability issues in the space.

This improved iteration of Pepe brings a more utility-focused approach, leveraging its blockchain to support decentralized applications (dApps) and providing robust security through its infrastructure.

Several major crypto websites and YouTube channels, including 99Bitcoins, have picked up the project to promote it as one of the largest and perhaps most successful memecoin launches this year.

This is one of the most successful memecoin presales currently, having raised over $58 million in its presale which is almost about to end. With instant bridging capabilities, low transaction fees, and other features, this new way of being a Pepe enthusiast has struck a chord with many, leaving PEPU, its native token, as a highly sought-after token in the world. current time.

cat snap

Catslap is a hilarious and innovative cat-themed memecoin that captures attention with its playful “slap” concept. At its core is the Slapometer, a unique mechanism rewarding users for participating in “slaps”, creating an engaging and gamified experience. The developers have ambitious plans to improve this feature, bringing more interactive elements to the ecosystem. Cat-themed memecoins are all the rage and Catslap stands out for its humor and creativity.

Currently, in its low-cap stage, Catslap costs just $0.0028, making it an attractive entry point for investors. It gained popularity when it launched fairly without pre-sales, emphasizing transparency and inclusiveness.

Endorsed by popular crypto YouTubers like ClayBro and others, the project’s pumping probability is considered by many to be quite high. With its strong theme, rewards system, and future plans, Catslap positions itself as an exciting crypto worth exploring right now.

As XRP and Bitcoin appear to be gearing up to skyrocket and reach their nearest speculated targets, these memecoins could also be great additions to your portfolio, especially if looking to capitalize on early-stage projects with low market capitalizations.

Most Wanted Crypto Launch – Pepe Unchained

• Layer 2 Coin Ecosystem
• Featured in Cointelegraph
• SolidProof and Coinsult audited
• Faceoff Rewards – pepeunchained.com
• Over $40M Raised in ICO – Ends in December