Analyst Warns XRP Holders of Next Price Move, Pepe Unchained Eyes $80 Million Raised in Presale
After being the hottest story in crypto this past few weeks, XRP faced its first big correction during the pump.
As a reminder, the XRP price was trading around $0.5 before the US elections and pumped all the way to $2.84 before facing a pullback to the current levels – $2.3.
As always, many analysts try to predict where the XRP price is headed next, and EGRAG CRYPTO, who has almost 70k followers on X, weighed in with an intriguing analysis. We’ll also explore one altcoin alternative that’s about to conclude a successful presale – Pepe Unchained.
XRP’s Price Dynamics – ‘Double Digits’ Coming?
The analyst’s chart reveals a complex narrative about XRP’s recent price movement. By examining the Relative Strength Index (RSI), some interesting patterns emerge. The RSI has formed a distinctive “double tops” pattern, which typically signals potential market shifts.
When the RSI reaches similar high levels twice, it often indicates the end of a bullish run or the final stages of a price rally. In XRP’s case, this pattern suggests the market might be preparing for a consolidation phase or a potential pullback.
The first RSI peak corresponded with XRP’s dramatic rise to $2.84, followed by a sharp correction. The second peak might be signaling the concluding stages of the current bullish momentum. This doesn’t necessarily mean a dramatic downturn, but rather a potential period of price stabilization or modest correction.
The analyst’s cryptic message, “Double Tops, Double Digits!” implies an optimistic long-term view, suggesting that while short-term corrections are possible, the overall trajectory could remain positive.
PEPU Smashes Past $70 Million in Viral Meme Coin Presale
Pepe Unchained (PEPU) has emerged as one of the most successful meme coin presales ever having now raised over $72 million. Now, the team is preparing for launch while eyeing an unprecedented $80 million raised. According to the project’s website, the presale is set to conclude in 8 days, creating a sense of urgency for potential investors.
What’s driving millions into this new altcoin? Its unique fundamentals set it apart from typical meme coins. Pepe Unchained operates on its own dedicated blockchain, called the Pepe Chain, which allows for independent transaction processing. This reduces the congestion and high gas fees associated with Ethereum-based tokens.
The native token $PEPU powers an ecosystem capable of processing transactions up to 100 times faster than Ethereum. This technical advantage makes it an attractive proposition for crypto enthusiasts seeking efficiency.
Adding to its credibility, the popular YouTube channel 99Bitcoins, with over 700k subscribers, posted a viral video yesterday in which they marked PEPU as a potentially big meme coin for the upcoming period.
Moreover, the project introduces a few innovative features. One of them is Pump Pad, a user-friendly platform enabling users to create and trade meme coins with just two clicks. Additionally, the “Frens With Benefits Program” supports ecosystem development by providing funding for developers creating decentralized applications, NFTs, and new meme coins.
This program is overseen by the “Pepe Council” to ensure alignment with community goals. It offers attractive staking rewards, with an estimated APY of up to 53%. Notably, 30% of tokenomics is reserved for staking, while 47.5% is allocated for project development.
To sum it up, PEPU is a meme coin potentially worth adding to your portfolios as we head into the presale conclusion and exchange listings in a few days.
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