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XRP price fell 4% over the past seven days to trade at $0.5011 as of 2:32 a.m. EST.
Over the past 24 hours, the Ripple token has fallen slightly, with trading volume jumping 10%.
XRP Price Prediction
Ripple price is consolidating sideways as part of a horizontal cut. It is stuck below the 50% Fibonacci placeholder of $0.5665. The market is leaning towards a decline, with several momentum indicators suggesting a possible decline.
For starters, the Relative Strength Index (RSI) is below the average level of 50. This has been compounded by the Awesome Oscillator (AO) being in negative territory. With this, it is likely that XRP price could extend the decline before a possible recovery.
Based on the Fibonacci retracement indicator, XRP price could provide another buying opportunity at $0.4228.
GeckoTerminal: XRP/USDT 1-day chart
A closer look at the RSI reveals that the momentum indicator has managed to record a consistent series of higher lows since April. This indicates a growing bullish sentiment which could bode well for the Ripple token.
If the bulls increase their buying strength, XRP price could recover. A move above the 50% Fibonacci placeholder of $0.5665 should encourage more buy orders. In a very bullish case, Ripple price could extend its rise above the $0.7102 level.
In the meantime, eTukTuk (TUK) is turning heads as this green AI crypto presale heads towards the $4 million mark in its ICO. Crypto YouTuber DCA Crypto says the project is “changing the world” and believes anyone interested should sign up early.
Promising alternative to XRP
TUK powers the eTukTuk ecosystem which is committed to helping Tuk Tuk drivers adopt a more energy efficient mode of transport. It leverages the $TUK token to establish electric Tuk Tuks and electric vehicle charging stations (EVSE) in regions such as South Asia and Africa, starting with Sri Lanka.
Cilinix Crypto claims to have great long-term potential.
One of the main distinguishing factors of the project is that it presents a robust use case. It has a well-defined concept, meeting users where blockchain technology and sustainability intersect.
The team is committed to establishing an ecosystem dedicated to tackling carbon emissions through the integration of blockchain technology and AI advancements. The goal: to propel the global transition to electric vehicles.
Ready to lead change? 🌍
Accelerate towards a sustainable future with eTukTuk! 🚗💨
Participate in the $TUK sell tokens now and be part of the green mobility revolution.https://t.co/XIXcperneW
– eTukTuk (@eTukTukio) December 27, 2023
Token holders can stake their TUK for an annual percentage yield (APY) of 84%.
TUK tokens are selling for $0.0315 each, but a price increase is expected in about five days.
Visit the eTuktuk website to buy TUK here.
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- Staking Rewards – 42% APY
- 10% OTC Discount – smogtoken.com
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