XRP Price Jumps 2% As Rumors Of An XRP ETF Resurface, But Bullish Traders Are Flocking To This Crypto For Its 226% APY

Insidebitcoin2024/08/14 13:15

By:Insidebitcoin

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

The XRP price jumped 2% in the last 24 hours to trade at $0.5755 as of 03:34 a.m. EST on trading volume that dropped by a fraction of a percentage to $1.2 billion.

XRP ETFs have come into the spotlight once again after the Bitnomial Exchange informed the CFTC of its plans to introduce XRP/USD futures contracts.

The listing has fueled speculation about a potential XRP ETF launch for the crypto as regulatory clarity around XRP continues to develop.

XRP Price Aims For A Rebound

The XRP price has invalidated the rounding bottom pattern in the last week, dropping from the $0.64 resistance within a falling channel pattern, according to data from GeckoTerminal .

XRP now aims to soar over the channel, as it trades above both the 50 and 200 Simple Moving Averages (SMAs), indicating that the price of XRP is on an uptrend.

The Relative Strength Index (RSI) is also rebounding from the 50-midline level, and currently stands at 51, which shows that XRP is trading in equilibrium but showing signs of rebounding as buying pressure starts to build.

Meanwhile, the Moving Average Convergence Divergence (MACD) also trades up above the neutral line, which shows that XRP is currently on a bullish trend.

If the price of XRP continues with its bullish trend, bulls could push the price of XRP up to $0.70.

XRP Price Jumps 2% As Rumors Of An XRP ETF Resurface, But Bullish Traders Are Flocking To This Crypto For Its 226% APY image 0

XRP Price Jumps 2% As Rumors Of An XRP ETF Resurface, But Bullish Traders Are Flocking To This Crypto For Its 226% APY image 1

XRP Price Chart Analysis Source: GeckoTerminal.com

Conversely, if the bears take control of the price, XRP could plunge back to the major support at around $0.50.

As the XRP price prepares for a possible bullish rally, PEPE lovers are buying the new upgrade Pepe Unchained ($PEPU) , which has already raised over $8.6 million in early funding.

99Bitcoins, a prominent crypto channel on YouTube, says $PEPU is one of the best cryptos to buy now with 100x potential.

Pepe Unchained Raises Over $8.6 Million– Best Meme Coin To Buy Now?

Pepe Unchained is set to follow the success seen by its predecessor, PEPE, which has delivered mind-blowing returns to early investors and continues to rule the charts, despite other meme coins being created.

As its name suggests, Pepe Unchained aims to set PEPE free. Up until now, the meme has been a prisoner chained to the old, clunky layer-1 Ethereum mainnet. The project will run on its own proprietary Ethereum layer-2 blockchain.

Pepe Unchained aims to tackle the scalability, speed, and efficiency issues that often plague meme coins built on the Ethereum blockchain.

Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 226%.

You can buy $PEPU tokens for $0.0090539 each. With a price hike coming in less than nineteen hours, buy soon to lock in the best deal.

Purchase $PEPU from the official website here

Related News

🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔
🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰
Best Cheap Crypto to Buy Now In 2024 – Low Cost Coins

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Gold fell below $4,000 this week, hitting a three-month low, diverging from US Treasury yields despite heightened global risk aversion. Analysts attribute gold's weakness to the fading speculative sentiment over the past year and rising expectations of interest rate hikes. Meanwhile, the yen, with its 40% undervaluation, has become Goldman Sachs' top choice as a hedging tool, quietly reshaping the landscape of traditional safe-haven assets.

华尔街见闻•2026/10/24 01:21

A respite after a week of crisis! France temporarily escapes Moody's downgrade

Moody's has maintained France's rating, the second-largest economy in the Eurozone, at Aa3, which is seven notches above "junk" status and on par with the UK's rating; the outlook remains negative.

智通财经•2026/10/24 00:51

No Downgrade! Moody's Didn't "Add Fuel to the Fire", France "Dodged a Bullet"

Moody's announced it will maintain France's Aa3 rating, stating that France's diversified economic structure and robust public institutions support the current rating. However, the outlook remains negative because political instability will continue to constrain fiscal consolidation efforts. Moody's added that the maintenance of the Aa3 rating is based on the assumption that France will ultimately implement a deficit reduction plan, and expects "financing costs and social tensions will ease in the coming months."

华尔街见闻•2026/10/24 00:46

No Downgrade! Moody's Didn't "Add Fuel to the Fire", France "Dodged a Bullet"

The U.S. repo market faces a major test with new clearing regulations in 2027! CIBC warns: Insufficient market preparation may trigger interest rate volatility

Strategists at the Canadian Imperial Bank of Commerce have warned that as the deadline for mandatory central clearing of U.S. Treasury repo transactions approaches, market participants' preparation progress remains sluggish. This could lead financial institutions to concentrate their compliance adjustments by the end of June 2027, potentially disrupting market pricing and financing capacity, and driving repo rates to rise temporarily.

智通财经•2026/10/24 00:02