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The XRP price fell 19% in the last 24 hours to negotiate $ 2.21 at 11:18 p.m. in negotiation volume which jumped from $ 25.5 billion to 252%.
This occurs when reports happen that Ripple Labs has moved 700 million XRP tokens in the whole, which means that tokens are temporarily locked and cannot be used for trading.
This decision is a strategic shield against the potential decreases in the value of XRP, while the overall cryptocurrency market steals the decline.
700m + $ XRP farm. 500m + $ XRP unblocked. @Ripple Don’t play. It looks like a liquidity test before something big grave. Are we about to attend history? 👀
– Hunter (@theteapartier) February 2, 2025
XRP price on a sustained drop trend
The analysis of XRP prices on the 4 -hour graph shows a clear downstream break after a period of prolonged consolidation in a downward corner diagram.
After failing above the higher resistance trend line nearly $ 3.10, the XRP price started to be lower than the drop, possibly below the simple mobile average of 50 periods (SMA) on the graphic From 4 hours to $ 2,9872 and SMA from 200 periods to $ 2,79,18, according to geckoteral data.
The price of XRP has now collapsed at $ 2,2171, marking a significant loss in a short time, with an increase in a large volume confirming high sales pressure.
In addition, the relative resistance index (RSI) is 11.12, which is deeply occurring (<30). These extreme surolon conditions often lead to a short -term rebound, but the wider lower dynamic can limit any attempt at recovery.
The divergence of mobile average convergence (MacD) is in negative territory (-0.0758 for the MacD line and -0,1694 for the signal line), showing a strong lower crossroads. This suggests that the momentum remains in favor of bears, and no reversal sign is still present.
Price of the Ripple tokens prices
With the XRP price which breaks down the key support levels, further is likely unless buyers intervene aggressively. The next level of major support to monitor is around $ 2.00, and if it breaks, XRP could see $ 1.80 or even less in the short term.
Given the extremely occurred RSI, a rescue rebound could occur, potentially repulsive XRP to the resistance zone from 2.50 to $ 2.60. For a real trend reversal, the Ripple token must recover the range from $ 2.80 to $ 3.00 and maintain above.
As the XRP price drops, investors also buy a new piece of memes called even index (same). According to the Crypto and Youtuber Jacob Bury analyst, who has more than 54.9,000 subscribers, even has the potential to be the next 10x crypto.
The memes index presale increases more than $ 3.29 million
Finding promising opportunities among hundreds of weekly launches remains an important challenge in the markets of the crypto and the memes play.
The same index addresses this via its decentralized index index platform, designed to classify and group the parts even according to the way they are risky of an investment. Since its launch of December 2024, the pre -sale of Jex Even has already collected nearly $ 3.3 million.
🚨 The same index is live in the tokens to come! 🚨@memecoin_index presents the very first platform of diverse coin, fueled by $ SameGiving unparalleled access to the parts market even $ 120 billion.
Even index offers exclusive access to indexes that are aimed at all risks … pic.twitter.com/gsibbuzozx
– Best portfolio (@Bestwallethq) December 27, 2024
The platform offers four separate investment baskets – Titan, Moonshot, Midcap and Frenzy, occurring at various risky appetites.
These baskets range from the inclusion of established chips like Dogecoin (Doge) and Shiba Inu (Shib) to the presentation of pieces of emerging memes, at high potential and at high risk.
By holding the same tokens, investors have access to these organized portfolios, simplifying the investment process in the parts sector even.
A remarkable feature of the same index is its participation program, which currently offers an annual percentage of around 692%.
You can buy memex tokens on the official website for only 0.0158443 $ to participate in the presale.
Buy a same here to lock the best offer before increasing its prices in 44 hours.
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