- XRP struggles to hold above-key support as investors look to load up
- PEPE continues to win more debate as the next paradigm to change the memecoin story
XRP and PEPE continue to struggle as Bitcoin, Ethereum, and Binance Coin suffered many losses, with other smaller altcoins like Ripple (XRP) and the famous memecoin PEPE that has won the hearts of many traders in the past weeks.
Ripple (XRP) and PEPE continue to be a target for many traders and investors looking to load up for the coming bull run, as many believe these two tokens will attract much interest from many.
Other Reading: Top 10 reasons why PEPE meme coin will outperform DOGE and SHIB
Despite the crypto market suffering a nosedive in prices recently, it still holds many prospects as its altcoin season and bull run looms.
Let’s see how XRP and PEPE continue to perform in the crypto market and how traders aim to buy into these assets ahead of the coming months.
PEPE Technical Analysis On the Daily (1D) Chart
PEPE has suffered more price decline in recent weeks as price has struggled to replicate the strength it showed leading up to exchanges listing this great token on the platform and traders dreaming of making thousands of dollars.
The price of PEPE retested the high of $0.00000195 and was quickly rejected by bears from breaking the high above to a high of $0.00000200 as the price continued to nosedive to a region of $0.00000094 as the price could retest $0.00000083.
The region of $0.00000083 remains a key region of interest and demand zone for bulls as many traders and investors would be looking to buy more into PEPE for a small price recovery.
If the price of $0.00000083 acting as support for PEPE fails to hold, we could see new lows for this meme coin, but if bulls buy up the price, we could see the price of PEPE retesting the highs of $0.00000100.
Other Reading: Top 10 reasons why PEPE meme coin will outperform DOGE and SHIB
Ripple (XRP) Price Chart Analysis On the Daily (1D) Chart
Ripple (XRP) winning its lawsuit was a great catalyst for its price as the price of XRP rallied to a high of $0.95 but was unable to sustain its rally as the price suffered rejection to a low of $0.65, struggling to hold bears off.
The price of XRP could not hold off sell-off orders as the price currently trades below its 50-day and 200-day Exponential Moving Average (EMAs), indicating the price could be headed for a downtrend.
The support at $0.45 remains a key area of interest for XRP as traders and investors could be eyeing potential buys around that region for a quick profit.
