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The XRP price is down 4% over the past seven days and is trading at $0.5011 as of 2:32 a.m. EST.
Over the past 24 hours, the Ripple token has fallen fractionally, while trading volume increased by 10%.
XRP Price Prediction
Ripple price is consolidating sideways as part of a horizontal chop. It is stuck below the 50% Fibonacci placeholder at $0.5665. The market is trending towards the downtrend, with multiple momentum indicators pointing to a possible downtrend.
For starters, the Relative Strength Index (RSI) is below the average level of 50. This was further exacerbated by the position of the Awesome Oscillator (AO) in negative territory. This makes it likely that the XRP price could extend its decline before a possible recovery.
Based on the Fibonacci retracement indicator, XRP price could present a new buying opportunity at $0.4228.
GeckoTerminal: XRP/USDT 1-day chart
A closer look at the RSI shows that the momentum indicator has recorded a steady streak of higher lows since April. This indicates growing bullish sentiment that could bode well for the Ripple token.
If the bulls increase their purchasing power, the XRP price may recover. A move above the 50% Fibonacci placeholder at $0.5665 is expected to encourage more buy orders. In a very bullish case, Ripple price could extend the climb above the USD 0.7102 level.
Meanwhile, eTukTuk (TUK) is turning heads as this green AI crypto presale races towards the $4 million mark in its ICO. Crypto YouTuber DCA Crypto says the project is ‘changing the world’ and believes anyone interested should get in early.
Promising alternative to XRP
TUK is the driving force behind the eTukTuk ecosystem which is committed to helping Tuk Tuk drivers adopt a more energy efficient mode of transport. It uses the $TUK token to establish electric Tuk-Tuks and electric vehicle charging stations (EVSEs) in regions such as South Asia and Africa, starting with Sri Lanka.
Cilinix Crypto says it has great long-term potential.
One of the key differentiators of the project is that it presents a robust use case. It has a well-defined concept and meets users at the intersection of blockchain technology and sustainability.
The team is committed to building an ecosystem dedicated to combating carbon emissions through the integration of blockchain technology and AI developments. The goal: to stimulate the global transition to electric vehicles.
Ready to make change happen? 🌍
Accelerate towards a sustainable future with eTukTuk! 🚗💨
Participate in the $TUK sell token now and become part of the green mobility revolution.https://t.co/XIXcperneW
— eTukTuk (@eTukTukio) December 27, 2023
Token holders can stake their TUK for an annualized return (APY) of 84%.
TUK tokens are sold individually for $0.0315, but a price increase is planned in about five days.
Visit the eTuktuk website to buy TUK here.
Also read:
Smog (SMOG) – Meme coin with rewards
- Airdrop season one now live
- Earn XP to qualify for a share of $1 million
- Featured on Cointelegraph
- Staking Rewards – 42% APY
- 10% OTC Discount – smogtoken.com
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