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After the Ripple (XRP) lawsuit victory against the US SEC, the crypto market experienced a significant price surge, with XRP surging over 77% in the past week to reach a price of $0.940.
The token is now approaching a key resistance level at $0.85, indicating strong buying pressure and positive prospects for XRP in the medium term.
Recent Price Action of Ripple (XRP)
XRP’s recent price rally started after a successful lawsuit victory against the SEC, resulting in a bounce off the support level of $0.045 and a subsequent parabolic move reaching $0.094 on July 13.
The momentum and volume are building up as XRP aims to surpass the monthly high and potentially reach the $1 mark, a level not seen since December 2021.
With a live price of $0.811496 and a trading volume of over $3.6m in the last 24 hours, XRP currently holds the #4 ranking on CoinMarketCap with a market cap of over $42b.
Ripple’s Possible Breakout Above Monthly High
XRP aims to surpass its previous monthly high and reach the $1 mark as the chart indicates. Although the previous resistance level may not be revisited in the near term, positive market sentiment and high trading volume suggest a promising future for the Ripple ecosystem.
Factors that Could Affect Ripple (XRP) Price
XRP’s Insane Volume and Market Cap Inflow Post-Ripple Vs. SEC
XRP’s market capitalization has surged, attracting over $16 billion in inflows, pushing its market cap from $25 billion to $44 billion.
This increase was particularly notable following the outcome of the Ripple-SEC court case, and the prevailing market sentiment suggests a bullish outlook, increasing the likelihood of XRP surpassing its resistance levels.
Future Partnership with Gateway Payment Platforms
Ripple’s partnerships with gateway companies contribute to the increased adoption and accessibility of XRP, which can potentially drive its price higher by expanding the user base and demand for cross-border transactions with the cryptocurrency.
Wall Street Memes ($WSM) Could Be Good Alternative
Wall Street Memes (WSM) is a leading meme coin inspired by WallStreetBets (WSB) and the NFT market, aiming to replicate the camaraderie and influence witnessed in the GameStop short squeeze. With a focus on leveraging meme coins’ power and social media, WSM encourages investors to utilize memes to troll the stock market, while offering decentralized finance (DeFi) opportunities and a unique memetic appeal for its community.
Features of $WSM
$WSM is approachable and appealing to many investors and enthusiasts due to its cheerful and lighthearted memetic nature. Its memetic trait generates a lot of curiosity and attention.
- Decentralized Finance (DeFi)
The Blockchain-based $WSM is a decentralized financial (DeFi) platform. With $WSM, users can easily access numerous financial services and still be the actual owners of their money, and this involves borrowing, lending, and yield farming.
$WSM integrated NFT in its ecosystem due to the sector’s popularity gain. With this, there are chances for one-of-a-kind digital artwork, collectibles, and gaming experiences, adding value for token holders.
Presale Story of Wall Street Memes
Currently, Wall Street Memes have sold off tokens worth $16.2M in its final presales stage with a hard cap of $16.7M.
This reflects the increasing interest in the token and strong investor optimism for success. The $WSM token is live today, and 1 WSM equals $0.0319.
How to Invest in Wall Street Memes
Follow these instructions to purchase Wall Street Memes during the presale event. View the thorough guide for additional details.
You should obtain Ethereum (ETH) or Tether (USDT) to purchase $WSM tokens.
- Transfer Cryptos into Your Crypto Wallet
The cryptocurrencies must be transferred to a safe crypto wallet that works with the Wall Street Memes presale. MetaMask and Trust Wallet are authorized wallets popular for their dependability and interoperability with ERC-20 tokens.
- Link your wallet to the $WSM website.
Click on the ‘Buy now’ on the website’s home page. The option to select a wallet will be presented to you. Choose the wallet, and sign in verify the connection.
Verify all the swap information, including the cost and fees, and confirm the exchange to purchase Wall Street Memes tokens.
- After the presale, claim tokens
Go to the Wall Street Memes website and select “claim” to claim your tokens. After that, the tokens will be delivered to the wallet address you used to purchase.
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