XRP Price: Further Price Increase Envisaged, Massive Gains on TAMA

Join Our Telegram channel to stay up to date on breaking news coverage

XRP under buyers’ control

The breakup of the resistance level of $0.36 by the Bulls will make the XRP rally towards $0.37 price level. In case the Bears break down the support level of $0.35, it may decrease the price to $0.33 and $0.32 levels.

XRPUSD Price Analysis – September 12

Key Levels:

Supply levels: $0.36, $0.37, $0.38

Demand levels: $0.35, $0.33, $0.32

XRP/USD Price Medium-term Trend: Bullish

XRP/USD is bullish on the medium-term outlook. The bearish movement that commenced when the coin reached the resistance level of $0.38 has made the coin to test the support level of $0.32 on September 07. The Bears’ momentum could not break down the just mentioned support level. The Bullish engulfing candle formed and this triggered a bullish movement.  The price is currently trading above $0.35 targeting $0.36 level.

XRP has crossed the two EMAs upside, it is trading above the 9 periods EMA and 21 periods EMA. The price is moving farther from the EMAs which is an indication that bulls are dominating the market. The Relative Strength Index period 14 is at 56 levels with the signal lines bending upside which connotes buy signal. The breakup of the resistance level of $0.36 by the Bulls will make the coin rally towards $0.37 price level. In case the Bears break down the support level of $0.35, it may decrease the price to $0.33 and $0.32 levels.

Buy Ripple Now

 Your capital is at risk

Punt Crypto Casino Banner

XRP/USD Price short-term Trend: Bullish, the outlook on Tamadoge is bullish

On the short-term outlook, XRPUSD is bullish. The Bears could not break down $0.30 level. The Bulls gained more pressure and push up the price towards north. The former resistance level of $0.34 and $0.35 has turned to support levels. At the moment, the price is ranging within $0.35 and $0.35 level.

XRP price is trading around the 21 periods EMA and 9 periods EMA which indicates a ranging movement in XRP market. The relative Strength index period 14 is at 59 levels with the signal lines pointing up to indicate a buy signal.

During the TAMA presale, 1 billion tokens will be sold. This number equates to 50% of the entire TAMA supply. The solid tokenomics of TAMA is one of the reasons why the presale has become very popular. Unlike other memecoins with trillions and quadrillions of coins in supply, TAMA’s supply is capped at 2 billion. TAMA has also been securing new partnerships that make the memecoin popular in the crypto community. To make it easier for traders to invest in the memecoin, the Tamadoge team has announced Fiat On-Ramp support allowing users to buy Ether with a card or using local payment methods such as Transak and then convert the ETH into TAMA.

Related

  • How to Buy Tamadoge
  • Visit Tamadoge Website

Tamadoge - Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • NFT-Based Metaverse Game
  • Presale Live Now - tamadoge.io
Tamadoge logo
Visit Site

Join Our Telegram channel to stay up to date on breaking news coverage

Comments

Post a Comment

Popular posts from this blog

DeFi CEO Says ‘No One Cares’ to Deutsche Bank Entry into BTC Custody

Deutsche Bank to offer bitcoin custody solution for institutional clients. Cake Group CEO believes the move will not substantially increase capital inflow or attract new participants. Deutsche Bank’s Paul Maley projects the digital asset sector to grow to trillions of dollars. Julian Hosp, the CEO of DeFi business Cake Group, has shared a skeptical reaction to Deutsche Bank’s newly-launched bitcoin custody services for institutional clients. Responding to a post on X (Twitter) by Bitcoin Magazine announcing the bank’s new services, Hosp wrote “Sadly, no one cares”. In full, his response read, And guess what… sadly no one cares… because everyone in Germany can already buy #bitcoin either with an ETF (that has literally ZERO volume) or on an exchange. All these banks entering the space, are not bringing in extra money or people. They are just re-routing existing… https://t.co/MMZHSbGB9U — Dr. Julian Hosp (@julianhosp) September 15, 2023 T...
Read more

MATIC Price Plunges, Have the Bulls Finally Lost Control?

Image
MATIC witnessed a decline in bullish momentum and has lost hold of the $0.74 psychological support. Buying pressure was weak as the CMF hovered around the zero line. Traders might likely short/sell MATIC in the near term since the 50 EMA crossed over the 20 EMA. Polygon (MATIC) brief dip below $0.78 has turned out to be an event that has lasted a whopping five days. Over the last 24 hours, the altcoin had lost 2.32% of its value. But its last 30 days’ performance was controlled by the bulls where MATIC increased by 6.61%. Currently, the MATIC/USD 4-Hour chart shows that the altcoin was hovering around a tight support zone at $0.71. Due to decreased demand, MATIC’s buying strength has been cut off. This indicates bearish dominance around $0.72. For MATIC to regain bullish momentum, the price must rise above the $0.74 psychological level. But if selling pressure outweighs demand, then the recovery attempt could be quenched. Furthermore, bears have ...
Read more

Crypto Analyst: PEPE Will Outperform DOGE in Next Bull Cycle

Image
Miles Deutscher predicts PEPE will outperform DOGE in the next bull cycle. Deutscher noted that fewer PEPE holders are underwater compared to DOGE holders. PEPE has more multiples to reach its previous all-time high (ATH) compared to DOGE. PEPE will outperform DOGE in the next bull cycle, predicts Miles Deutscher, a renowned cryptocurrency analyst. In a Twitter post, Deutscher highlighted the reasons behind his prediction. I think $PEPE outperforms $DOGE next cycle. Why? • The Underwater Thesis: Less PEPE holders underwater vs DOGE, meaning less sell pressure on the way up + lower multiples to reach previous ATH (2.8x vs 12x). • People are more fatigued with the DOGE meme, Pepe feels fresher… — Miles Deutscher (@milesdeutscher) June 23, 2023 Deutscher’s first reason for supporting PEPE to outperform DOGE in the next cycle is what he called “The Underwater Thesis.” He noted fewer PEPE holders are “underwater” compared to DOGE holders. By that, he me...
Read more