Token

2024

The XRP price rose 6% in the last 24 hours <a href="https://www.geckoterminal.com/bsc/pools/0xd15b00e81f98a7db25f1dc1ba6e983a4316c4cac" rel="noopener noreferrer nofollow">to trade at $0.5673</a> as of 03:23 a.m. EST on trading volume that skyrocketed 112% to $1.8 billion.
This comes after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the XRP token. Unlike an exchange-traded fund (ETF), the trust will primarily trade over the counter.
However, the XRP Trust is seen by some analysts as another step along the route to the eventual launch of XRP ETFs.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Do people understand now why I've been telling everyone that <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> has institutional interest now and <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> simply doesn't?
 This is just the beginning for big <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> moves. The <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPArmy</a> will prevail.<a href="https://t.co/FnjxsLgNiN" rel="noopener noreferrer nofollow">https://t.co/FnjxsLgNiN</a>
 — BitBoy (@BenArmstrongsX) <a href="https://twitter.com/BenArmstrongsX/status/1834234923722371281?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 12, 2024</a>
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<h2 id="b-xrp-price-to-continue-soaring-b">XRP Price To Continue Soaring</h2>
The XRP price movements from September 5 formed a rounding bottom pattern, as the bulls retried the $0.57 resistance, according to data from GeckoTerminal.
The token now trades above the 50-day Simple Moving Average (SMA), which is a confirmation of the uptrend, with the 200-day SMA acting as the immediate resistance at $0.5673.
Moreover, the Relative Strength Index (RSI) is also trading within the 70-overbought zone, currently at 71, which now shows that the price of XRP is currently under intense buying pressure, and that the token is now overvalued.
<figure id="attachment_576380" aria-describedby="caption-attachment-576380" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-576380" src="https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2.png" alt="XRP Price Chart Analysis Source: GeckoTerminal.com" width="1254" height="508" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2.png 1254w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-300x122.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-1024x415.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/Pancakeswap-V3-BSC_GeckoTerminal.com_XRP_2024-09-13_10-23-24-2-768x311.png 768w" sizes="(max-width: 1254px) 100vw, 1254px">
 <figcaption id="caption-attachment-576380" class="wp-caption-text">
 XRPUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
The XRP price analysis, with the asset now undervalued, shows that bulls could take control of the price, buying more to push the price of XRP to $0.62.
However, if the price of XRP experiences some pressure from the bears, it could plunge back to the $0.53 support, coinciding with the 50-day SMA.&nbsp;
Meanwhile, investors are rushing to buy the newly launched ICO <a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">Memebet Casino (MEMEBET Token)</a>, which has blasted past $217k raised in just 3 days after a <a href="https://etherscan.io/tx/0xe54aeff279d2d6ab56b9d676cea86f1dcc1dd87ece04eaa5550b347f9efad285" rel="noopener noreferrer nofollow">whale bought $50,000</a> worth of the token on Sept. 12.
Cryptonews, a popular YouTube channel with over 10K subscribers, says that $MEMEBET Token could soar 100X after its launch.&nbsp;
<iframe title="NEW MEMEBET TOKEN WILL 100X!! MAKE BETS WITH MEME COINS?!" width="640" height="360" src="https://www.youtube.com/embed/dgqdweQeJVI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="memebet-casino-raises-over-217k-next-crypto-to-explode">Memebet Casino Raises Over $217K – Next Crypto To Explode?</h2>
<a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">Memebet Casino ($MEMEBET Token)</a> is off to a strong start, raising over $217K for this new Telegram-based betting platform that allows wagering with meme coins for the first time.
Launching soon, Memebet Casino (MEMEBET Token) seeks to revolutionize the decentralized crypto casino space by utilizing $MEMEBET tokens and popular meme coins.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Not the casino we deserve but the casino we need 🎰 <a href="https://twitter.com/hashtag/MemeBet?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MemeBet</a> <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> &amp; <a href="https://twitter.com/hashtag/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Airdrop</a> coming soon! 🚀 <a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoins</a>, <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> gaming and more! 🎮🏆 <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$COIN</a> <a href="https://twitter.com/search?q=%24DOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOG</a> <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> <a href="https://twitter.com/hashtag/RNDR?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RNDR</a> <a href="https://t.co/oR2xja6JFK" rel="noopener noreferrer nofollow">pic.twitter.com/oR2xja6JFK</a>
 — MemeBet (@Memebetcasino) <a href="https://twitter.com/Memebetcasino/status/1793673524747309446?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 23, 2024</a>
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There is also an innovative play-to-earn initiative incorporated by the platform that rewards Memebet Casino users who wager their tokens. This means that even if bets don’t go investors’ way, they can still walk away with something.
The more you bet with the MEMEBET Token, the bigger your rewards. Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live.
To join the presale, you can <a href="https://insidebitcoins.com/visit/memebet" rel="noopener noreferrer nofollow">buy $MEMEBET Token on the official website here for $0.025</a> using USDT, ETH, or a bank card. With a price hike coming in just minutes, buy now to lock in the best deal.
<h2 id="related-news">Related News</h2>
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XRP Price Soars 6% After Grayscale XRP Trust Opens Route For XRP ETFs And Whales Snap Up This New Meme Coin Casino ICO

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Inside Bitcoins

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