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The XRP price soared 7% in the last 24 hours to trade at $3.34 as of 02:25 a.m. EST on trading volume that surged 20% to $23.9 billion.
The surge propelled the Ripple token to a seven-year high above $3.3, which saw XRP reclaim its position as the third-largest cryptocurrency by market capitalization.
XRP whales have accumulated over $3.8 billion worth of tokens over the past two months, which indicates strong institutional interest.
XRP Price To Continue Soaring
The XRP price chart reveals a clear bullish breakout after months of sideways movement and consolidation. XRP traded within a tight range between $2.00 and $2.772 for a significant period. This range served as a strong accumulation zone.
The breakout above the $2.772 resistance level is a significant development, marking a new local high at $3.35 and signaling continued buying pressure, according to data from GeckoTerminal.
As a result of the breakout above the sideways movement, the Ripple token price has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs).
Meanwhile, the Relative Strength Index (RSI) is currently at 77.48, indicating overbought conditions. This suggests that while the uptrend is strong, a short-term correction or consolidation might occur before further upside.
The Moving Average Convergence Divergence (MACD) line (blue) is well above the signal line (orange) and in positive territory. This alignment signals strong bullish momentum. The histogram’s continued increase further confirms that buying pressure remains intact.
Ripple Token Aims For A New ATH
Given the current market structure, the XRP price appears poised for further upside, although short-term overbought conditions may cause minor corrections.
If the price of the Ripple token holds above the $3.00 breakout level, the next key resistance lies at $3.50.
A successful breach of $3.50 could open the door to $4.00 and beyond in the coming weeks, above XRP’s all-time high (ATH) of $3.40.
If selling pressure emerges due to the overbought RSI, a pullback to the $3.00 support zone (previous resistance) is likely. The 50-day SMA at $2.39 serves as critical support and would likely limit any significant downside.
As the Ripple token price soars, investors are also snapping up a new AI agent token called Mind of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 721k subscribers, says MIND has the potential to soar 20X on launch.
Mind of Pepe Presale Races Toward $2 Million—Best Crypto To Buy Now?
Launched less than 3 days ago, the Mind of Pepe presale has amassed over $1.8 million. It’s a project that combines the PEPE meme brand with an AI agent to change how investors interact with the market.
Its main feature is an AI agent designed to do more than crunch numbers.In simpler terms, take it as a digital crypto guru who can analyze market trends and actively participate in online discussions.
This AI agent sifts through social media chatter and blockchain data to spot trends even before they hit the mainstream. In this way, investors can have an upper hand, helping them profit early.
🚨 $MIND is Now Live in Upcoming Tokens! 🚨@MINDofPepe leverages the power of AI to help users identify new trends and exciting opportunities. The self-evolving AI agent interacts across platforms to deliver real-time updates.
Built on Ethereum, $MIND offers holders exclusive… pic.twitter.com/uyXFpYka5p
— Best Wallet (@BestWalletHQ) January 14, 2025
Token holders also have the opportunity to stake their MIND tokens for a stratospheric 1,069% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0031384. Interested investors should buy before a price hike in slightly more than 1 day.
Visit the official MIND website here.
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