Ripple Investors Exit as XRP Fails to Rally Above $0.65

The XRP price has faced repeated rejections at the $0.65 mark, causing panic among investors and prompting them to seek opportunities elsewhere.

This article will provide an analysis of XRP’s current price trends and look to see whether an innovative new meme coin represents a more promising investment opportunity at this time.

Despite localized rejection from $0.65, zoomed-out XRP holder sentiment remains persistently bullish despite traders across the space crying out at holders to rotate their capital into stronger plays.

XRP Price Analysis: Ripple Price is Giving Way, and Holders Should Target This Strategic Moon Shot

As the XRP price tumbles locally, Ripple is currently trading at a market price of $0.60 (representing a 24-hour change of -0.95%).

This comes following rejection from an overhead resistance layer at $0.65 – which stopped upside movements in their tracks at $0.623 – before XRP price tumbled down below 20DMA support.

Now fighting to consolidate a foothold, the 20DMA forms a second layer of upside resistance, leaving Ripple holders targeting a move up to $0.61 on the short-time frame.

Yet, the question remains whether Ripple price has the strength to push up once more, as the RSI indicator flags struggling momentum – with an increasingly bearish reading even before testing 20DMA resistance.

This indicates a lower trip is likely, with XRP price likely to touch down at $0.575 – a disappointing move for loyal holders.

Yet, despite XRP souring on the short-time frame, an incredibly strategic play has emerged in the Pepe Unchained (PEPU) presale – which is rapidly gaining traction in what many are labeling as the biggest meme coin play of 2024.

Discover a Hidden Gem: The Viral New Meme Coin Presale

Already standing strong at a jaw-dropping $6m raised , this viral beta play is all the more impressive, considering the team only launched the PEPU presale a week or so ago.

However, this is no ordinary spinoff token; in fact, Pepe Unchained could be the exact revolution that PEPE needs in the 2024 market environment.

At the heart of this is the fact that Pepe is an ERC-20 token, a token standard, and chain that is not only increasingly unpopular but also slow and expensive.

Other top-shelf meme coins, such as Shiba Inu, have responded dynamically to these scalability challenges surrounding Ethereum, with Shiba Inu developer Shytoshi deploying a layer-2 scaling solution named Shibarium last year.

Yet, the same cannot be said of Pepe, which has been slow to respond to challenges, which has led to Pepe Unchained’s creation .

Positioned as a community-fuelled Layer-2 solution, PEPU is positioned as Pepe 2.0.

Indeed, the $32M needed for PEPU to produce a 10x is just a raindrop in the ocean of the $39,373,097,994 that PEPE would require to produce the same returns.

So don’t miss out – engage with the Pepe Unchained community on X and Telegram .

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