Key Takeaways
- TRUMP coin, a Solana-based memecoin, rallies over 1,500% in two hours as XRP investors get interested.
- XRP price remains bullish despite minor price retracement as the price competes with the TRUMP coin for the top trending token.
- The XRP price has gained much whale activity in the past few days, as it has the potential to hit $5 before the end of January 2025.
A few days to Donald Trump’s Inauguration, the crypto market is buzzing with so much excitement with the release of Donald Trump’s memecoin called TRUMP with the price of this memecoin hitting over $3 billion market cap in less than 3 hours of listing on the Solana network.
This is a glimpse of what the market could experience as the price of XRP and other crypto tokens rallies to unimaginable heights in the coming months.
Despite suffering a minor retracement to grab liquidity the price of XRP remains bullish, trading above key support of $2.9 as the price could enjoy significant gains ahead of the close of the year with crypto traders and experts believe the price of XRP has the potential to hit $500B market cap which could be $5 or more from its current price.
With whale activities increasing for XRP tokens and more investor interest mounting for the past few weeks heading into a full-blown crypto bull market, XRP still has much potential to rally high.
Technical Analysis – XRP Price Prediction
Source – 4HR XRP Price Chart From TradingView
The price action of XRP from a region of $0.55 to a high of $3.3 remains a mystery to many, as many never saw such price action. However, with the current price looking extremely bullish and having more room to rally to the upside, investors and traders are willing to jump on the XRP price rally as the price has the potential to create a new price history in the coming weeks.
Despite hitting a new 7-year high, as many expected the price to retrace a little into its $3 demand zone, the price of XRP quickly bounced from this support region as the price looks set for more upside potential, holding its price above its 50-day and 200-day EMAs with strong dominance by bulls.
If the price of XRP continues to hold above $3, then the current price action remains a strong bull. Retailers would be looking for an opportunity to buy XRP, targeting a $5 high, which would be a new record all-time high for price.
While XRP continues to rally, attention will be placed on TRUMP memecoin as this could continue to gain more attention in the coming days, heading into Donald Trump’s inaugural ceremony.
What Is TRUMP memecoin
On his X account, President-elect Donald Trump announced an official Solana memecoin called TRUMP. The Solana-based memecoin rallied by over 1,500%, hitting over $3B market cap less than 3 hours after launch.
Is TRUMP Coin Legit
Yes it is, TRUMP coin is the hottest memecoin presently and traded on the Solana network using the Phantom wallet or Raydium platform.
