The XRP price has seen a 0.6% increase in the last 24 hours, trading at $0.692 at 5:45am EST, contributing to a weekly gain of 15%.
XRP has emerged as the most popular cryptocurrency in the US in the past month, overtaking Ethereum and cryptocurrency as the most searched terms in the industry, according to Google Trends data. The surge in interest was spurred by the publicity surrounding its court battles with the Securities and Exchange Commission.
— Bitcoin.com News (@BTCTN) November 8, 2023
With the broader market showing signs of a potential year-end upswing, XRP has the potential for further growth in the immediate future. Currently, the coin is ranked fifth with a market capitalization of $36 billion.
XRP Price – Bulls Aim For $1 level
The XRP chart displays an unusual occurrence, marked by a significant price breakout from the support zone coinciding with the 200-day simple moving average (SMA) at $0.54. This incident shows what could transpire if XRP successfully breaks above the $0.7 resistance.
As the bulls target the $1 milestone, XRP must break through the resistance zone around $0.85. XRP has been consistently within an ascending channel since May 2022, regularly testing its upper and lower boundaries.
Breaking out of this channel is anticipated to initiate a substantial bullish surge for XRP, with the potential to exceed the record highs observed in 2017.
XRP has consistently stayed above the 200-day and 50-day moving averages on the daily chart, providing additional support for the bullish perspective. These moving averages now act as immediate support levels for the XRP price.
The Relative Strength Index (RSI) has slightly declined but remains above the overbought threshold of 70. At present, the RSI is at 74, signifying a greater degree of momentum and buying pressure in comparison to its previous performance.
There is an expectation of a 21% price increase for XRP, aiming to reach the $0.85 level and attempt to break through it. If this attempt succeeds, there is a further projected rally to $1.05.
XRP Price May Surge 38%
XRP may experience a minimum 38% increase in the coming weeks before it reaches a pivotal decision point.
On the other hand, bearish sentiment could come into play if the rejection occurs around the $0.70 level, potentially leading to a correction towards the support zone at $0.61.
As we wait to see how this unfolds, XRP investors should also consider participating in the TG Casino. This new project will disrupt the casino gambling arena and is rapidly approaching the $2 million funding milestone.
Final Call: Get TGC Tokens, Enjoy 25% Cashback
The TG.Casino presale has advanced to its third stage, with the token price at $0.15. The presale campaign has successfully raised $1.77 million in funding – approximately 70% of its initial target of $2.5 million.
We have just reached $1.7 million raised in presale for $TGC 🎊
LFG players! We have some exciting things coming this week🤫 pic.twitter.com/uSDU3XEkv9
— TG Casino (@TGCasino_) November 5, 2023
With only 3 days left until the current presale stage ends, the token price is expected to rise again. Therefore, it is advisable to secure tokens now at the discounted rate of $0.15.
So why is TG.Casino a great option for investors?
TGC has implemented a staking program, enabling users to lock up their TGC tokens, and in return, they can receive prizes and rewards. The platform also provides a generous 25% cashback on losses incurred from wagers placed using TGC tokens. Additionally, users can take advantage of an appealing Annual Percentage Yield (APY) of 292%.
When someone says TGC isn’t the greatest casino on Telegram🎰 pic.twitter.com/0rHCrxtMP4
— TG Casino (@TGCasino_) November 5, 2023
The token distribution is thoughtfully structured, encompassing liquidity, staking, pre-sale, play rewards, affiliates, and marketing, creating a well-balanced ecosystem.
TG.Casino Endorsed by Experts, Poised for 100X Increase
TG.Casino stands out due to its considerable growth potential, primarily attributed to its integration with a vast user base exceeding 1 billion on Telegram.
— TG Casino (@TGCasino_) November 7, 2023
Experts and analysts in the industry who have assessed the project believe that early investors have the potential to see their investments increase by a factor of 100X once the project gets listed on exchanges.
Alessandro De Crypto, a prominent YouTuber with more than 11.6k subscribers, has reviewed TG.Casino and expressed optimism and bullish sentiment by investing $350 in TGC tokens.
To participate, visit the official TG.Casino website, link your digital wallet and purchase $TGC tokens using a range of cryptocurrencies like ETH, BNB, and USDT.
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