XRP price struggles as bears take control while Bitcoin Pepe continues to rise
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XRP price has hit a rough patch, grappling with a bearish market testing its investors’ resilience.
At press time, XRP traded at $2.12, reflecting a sharp 11.54% drop in one week.
Meanwhile, a different story unfolds in the crypto space with Bitcoin Pepe, a Bitcoin-based meme-driven project that’s gaining traction in its ongoing token presale.
With the presale surging past $5.6 million, Bitcoin Pepe’s rise contrasts sharply with XRP’s struggles, highlighting an alternative investment opportunity.
Bears take control as XRP price continues to fall
XRP’s journey since November 2024 has been a rollercoaster, climbing from a modest $0.5040 to a staggering $2.4660 by early January 2025, a 389% leap fueled by optimism.
However, the tide seems to have turned, and the price now teeters within a descending triangle, facing resistance at $2.3882 and clinging to support at $2.
Technical indicators paint a grim picture, with the Relative Strength Index hovering at 39.54, flirting with oversold territory, while the MACD signals bearish dominance with a value of -0.0375 against a signal line of -0.0221.
If the support at $2 crumbles, analysts warn of a potential slide to $1.50404, a level that could shake investor confidence further.
The liquidation heatmap adds another layer of tension, revealing a flurry of long liquidation, a sign that bears hold the reins despite traders hoping for a bullish surge.
However, a sudden bullish surge could trigger a short squeeze, pushing XRP toward $2.31682. Without that momentum, selling pressure might drag it lower, testing the critical $1.93870 threshold.
Analyst Ali Martinez suggests that surpassing $3 could dismantle the current head-and-shoulders pattern, flipping sentiment to bullish, but for now, caution reigns as XRP balances on a knife’s edge.
Bitcoin Pepe sees 40% gain in presale
In stark contrast to XRP’s drop, Bitcoin Pepe is riding a wave of enthusiasm, currently in its presale stage which is the “World’s Only Bitcoin Meme ICO.”
Built on the promise of a Meme Layer-2 for Bitcoin, Bitcoin Pepe boasts instant transactions and ultra-low fees through its innovative PEP-20 standard, aiming to bring memecoin creation to the enduring Bitcoin blockchain.
Currently in Stage 8 of 30, the Bitcoin Pepe (BPEP) token is priced at $0.0295, and it is set to rise to $0.031 in the next stage as the price continues to progressively rise through the presale stages.
Having raised $5,683,682, it reflects the growing community’s faith in Bitcoin Pepe’s vision of “Solana on Bitcoin.”
Adding the Bitcoin Pepe’s appeal is the tokenomics, which allocates 50% to the community, 15% to staking and rewards, and the rest to liquidity, development, marketing, and treasury.
Once the presale comes to an end, the project will also feature weekly giveaways of 1,000,000 $BPEP tokens to keep community engagement high.
Post-presale Bitcoin Pepe’s roadmap signals an ambitious project with DEX and CEX Listing scheduled for immediately after the presale, a bridge launch and a Bitcoin Pepe DEX launch later.
Backed by a team including web3 veterans like Nate Sherrod and Collin Ford, and audited by SolidProof, Bitcoin Pepe blends meme culture with technical promise, offering investors an alternative to XRP.
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