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New Memecoin Shiba on Cocaine (SHIBCOC) to Skyrocket 18,000% As KuCoin Listing Announced, As Shib...
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Bitcoin (BTC) Price Will Eventually Pump, and These Altcoins Will Benefit the Most
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$USDP $BTC $BNB In recent weeks,Ā XRPĀ has increasingly consolidated around the $0.5 mark asĀ investorsĀ await a possible breakout.Ā Notably, amid the dormancy in XRPās price, new on-chainĀ dataĀ indicates that whale investors have been accumulating the token, possibly in anticipation of a rally. Particularly, addresses with at least 100 million coins have been buying more XRP tokens during the dip in the first ten days of June. Adding weight to this observation is the Mean Dollar Invested Age (MDIA) metric, which provides further insight into investor behavior. As of June 1, the 90-day MDIA for XRP stood at 1,812, indicating investors prefer to hold onto their XRP holdings rather than engage in activeĀ trading. XRPās next price movementĀ When looking at the next XRP price target,Ā cryptoĀ analystĀ Dark DefenderĀ has suggested that the token might be lining up for a possible rally. In anĀ XĀ postĀ on June 12, the analyst noted that theĀ cryptocurrencyĀ had formed a familiar pattern from 2017. The analyst observed that on the weekly time frame, XRP had positioned itself above a criticalĀ supportĀ level, echoing past instances where the token demonstrated resilience amid market turbulence.Ā Moreover, indicators suggest the possibility of a forthcoming reversal, with sentiment teetering on the brink of oversold territory. According to the analyst, crossing above $0.6640 and breaching the $1Ā resistanceĀ mark are pinpointed as pivotal moments that could pave the way for a sustained uptrend. āThe other side of the orange line, the resistance stands around $1. It will be easy above $0.6640 and $1,ā the expert said.Ā At the same time, the expert provided a chart indicating that the price is testing the support line of the ascending channel, an area that has historically provided a good entry point forĀ bullishĀ positions
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