The price of XRP went up by a little bit, around 0.5%, on the last day. It’s now at $0.5030. The whole cryptocurrency market also dropped by 0.17% on the same day.
XRP increased by around 1% over the last week. But in the last month, it went down by 23%. This happened because of recent issues in the market, like delays in Bitcoin ETFs. These problems took away some of the gains XRP had after Ripple’s legal win against the SEC in July.
Still, if we look at the whole year, XRP is up by 44%. This year has been about XRP getting better. XRP is starting to look strong again, so its price might increase even more soon.
XRP Price Bounces Back Above $0.50 Support – Is the Sell-Off Finally Over?
XRP had a small increase in its price today, but its indicators still show that it’s not doing very well. This suggests there has been too much selling of XRP, but this might change soon.
For example, one indicator called the relative strength index has been low since August, indicating a lot of selling. However, another indicator, the 30-day moving average, hasn’t fallen much below the 200-day average.
Even though these indicators aren’t great right now, XRP’s price has fallen below the 200-day average, and its support level is starting to go up after a long time of going down. This means XRP might start doing better in the next few weeks or even days.
XRP has been struggling recently because of problems in the whole cryptocurrency market, like delays in Bitcoin ETFs and issues in the Chinese economy. But XRP is still strong, just like in July when it reached $0.91.
The SEC is trying to appeal a decision about XRP, but it’s unclear whether they will succeed. So, XRP is still considered safe to trade on exchanges.
As expected, Ripple demonstrates that an interlocutory appeal here is simply not warranted. The SEC has always maintained Howey is a fact specific inquiry and for an interlocutory appeal to be warranted the 2nd Circuit should not have to review the extensive factual record.… https://t.co/13szg3Aw8Z pic.twitter.com/95hnkjBZkj
— John E Deaton (@JohnEDeaton1) September 1, 2023
Ripple, the company behind XRP, is also growing steadily. They recently partnered with Mastercard for a project, showing they are doing well.
With all these positive signs, XRP will likely make a big comeback and return to $0.60 in the next few weeks.
- XRP’s Price – $0.5030
- XRP market cap – $27.4 Billion
- XRP circulating supply – 53,083,046,512 XRP
- XRP total supply – 99,988,441,546 XRP
- XRP CoinMarketCap ranking – 5
Promising Alternative to Ripple (XRP)
You can still buy Wall Street Memes at its current price of $0.0337, and it will be listed on a top-tier exchange in 18 days. People think its price will go up fast when it gets on the big exchanges because the project looks good, and there’s good news about it.
WSM Token Hype: A Glimpse into the Future of Cryptocurrency
The Wall Street Memes project has done well in raising money, getting around $28 million from the crypto community before it even started. It will have about 1.4 to 1.5 billion tokens available to trade when it launches.
Many people are excited about the WSM token being listed on big exchanges. This excitement might bring in more investors and make more people want WSM tokens. Because of all this, there are some other crypto projects you might want to think about investing in.
You can stake your tokens if you want to be part of Wall Street Memes. Currently, there are 288 million tokens staked, and you can earn a good yearly interest rate (APY) of 69%. Many people are interested in staking, and it’s a good sign for the project’s future.
Staking is a way to keep people involved for a long time and ensure the tokens’ price doesn’t drop suddenly when it launches.
Join the Wall Street Memes Presale for Exciting Rewards!
Participating in the Wall Street Memes presale is easy. You can buy Wall Street Memes tokens using Ethereum, USDT, a credit card, or BNB. But you need a popular crypto wallet like Metamask.
Here’s what you do: Download the Metamask wallet from the App Store or Google Play, put your chosen cryptocurrency in it, and prepare for the presale. If you want to know more about getting $WSM, check out our detailed guide.
As the launch date gets closer, the project uses its resources wisely. WSM spends 50% on marketing to get more attention. Wall Street Meme also set aside 30% for community rewards to get users more involved. The remaining 20% helps with trading on different exchanges and supports media streaming projects.
Wall Street Memes is doing a lot of marketing. Famous YouTubers like Elon Musk and crypto experts are talking about it, making people excited.
Just a casual loan of $1 billion, no biggie pic.twitter.com/UJ1KqlJsZr
— Wall Street Memes (@wallstmemes) September 6, 2023
The project has big goals, like reaching a market value of $1 billion before going on a top-level exchange. If they achieve this, the price might go up. Wall Street Meme has a clear plan to reach these goals, which attracts investors.
Wall Street Memes is giving away $10,000 in an airdrop to make it even better. You can join by following Wall Street Memes on social media and visiting their website. The more you participate, the higher your chances of winning.
Wall Street Memes – Next Big Crypto
- Early Access Presale Live Now
- Established Community of Stocks & Crypto Traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rated Best Crypto to Buy Now In Meme Coin Sector
- Team Behind OpenSea NFT Collection – Wall St Bulls
- Tweets Replied to by Elon Musk