XRP Price Prediction: 10X Research Says The Age of 100X Returns May Be “Behind Us,” This World’s First AR/VR Cryptocurrency Presale Heads for $6 Million.

adminMay 17, 2024

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In the last 24 hours, the price of XRP has fallen by several percent. Traded at $0.5158 As of 11:47 PM ET, trading volume was down 8% to $1 billion.

This comes as Markus Thielen, head of research at 10X Research, said the era of 100X returns may already be behind us. Thielen says the high-risk, high-reward theory of altcoins could change as a result of the weak narrative driving the cryptocurrency market.

Nonetheless, according to Santiment, Ripple whales (addresses holding between 1 and 10 million XRP) increased their holdings by $60 million in May. This whale activity sometimes indicates bullish sentiment towards altcoins.

XRP price soars through integrated channels

XRP price is in a downward trend, breaking the $0.59 support on April 12 and falling further to the next support area around $0.47. gecko terminal It shows.

With XRP trading within the consolidated channel, there was a struggle for dominance between bulls and bears within the $0.47 and $0.54 range. The bulls are aiming for a breakout and pushing the price higher towards the upside.

The Ripple token is trading just above its 50-day and 200-day simple moving averages (SMA), suggesting a potential buying opportunity on the upside as the price is expected to rise. The 50-day SMA is trending upward and may soon cross the 200-day SMA, forming a golden cross that could lead to further price gains.

The Relative Strength Index (RSI) is currently at 56, rising from the 50-middle line, reinforcing bullish sentiment and indicating buyer dominance.

Additionally, MACD (Moving Average Convergence Divergence) shows a bullish crossover. The blue MACD line crosses above the orange signal line. The green bar in the histogram above the zero line further confirms the positive momentum of XRP.

XRP price prediction

XRP price analysis on the 4-hour chart shows a bullish bias. Market bulls are targeting a breakout from the consolidation channel to push XRP into the resistance zone around $0.6375.

However, if bears apply pressure and control the price from this level, XRP could break out towards a retracement. This could trigger a downtrend towards the next support area around $0.4711.

As XRP bulls prepare for a bullish rally, other investors are buying the 5SCAPE pre-sale, which has already secured over $5.95 million in funding as it races toward its $6.2 million target.

5th Scene: Next-generation 100x return on investment?

5SCAPE We promise to be a game-changer in virtual entertainment through innovative initiatives that combine VR, AR, and blockchain technologies to create a cohesive ecosystem.

With 5SCAPE, enter a world where your imagination is the only limit. Here’s what’s waiting for you:
FREE LIFETIME ACCESS 🎁: Say goodbye to subscriptions! Enjoy an endless library of curated VR content that evolves according to your tastes.
Exclusive in-game advantages 🔒:… pic.twitter.com/AiPTd6NWer
— 5th Scape (@5th_scape) May 9, 2024

The project aims to revolutionize VR gaming experiences by providing immersive gaming, VR hardware, and a utility token, $5SCAPE. The team’s dedication to creating immersive VR gaming experiences makes this an exciting project to watch.

🌟 Unlock new levels with 5th Scape! Dive into adrenaline-pumping combat, precision archery, and high-speed racing in an infinite virtual world. Holding 5SCAPE tokens grants you exclusive benefits such as free games, discounts and seamless intra-world transactions.
that much… pic.twitter.com/LNO30KXRPW
— 5th Scape (@5th_scape) April 20, 2024

In addition to VR games, 5th Sscape boasts a full suite of experiences including movies and educational content.

Cryptonews, a popular cryptocurrency YouTube channel, believes that $5SCAPE has the potential to skyrocket 100x after launch.

Since the listing price is pegged at $0.01, purchasing the token today at $0.00327 would net you a profit of almost 206% pre-launch.

If you are interested in participating in Scape’s 5th pre-sale, You can buy 5SCAPE tokens with ETH, MATIC, USDT or BNB on the official website here.. You can also make purchases directly with your bank card.