In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Against Bitcoin, the Ripple price is also trading bullishly above the 9-day and 21-day moving averages. After bottoming out around the 700 SAT a few days ago, the price began to ascend slowly, and it is currently trading around the 981 SAT. However, the Ripple price is now moving to cross above the upper boundary of the channel as the buyers dominate the market. From a technical perspective, $0.915 emerges as the next significant resistance level, aligning with historical price action where XRP faced repeated rejections.
What is the price prediction for Tap in 2024?
Nonetheless, @Washigorira shared on X (formerly Twitter) that $XRP is breaking above the monthly Kijun 🔵, with a target of $1 🎯. However, caution is advised as the Kumo Cloud could present resistance at this level. 🤝 If $XRP successfully clears the cloud, it might rapidly ascend toward its previous all-time high. Tap produces its own wallet software that is available for download on its website, which allows you to store Tap on your computer. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Tap.
Just like with any other asset, the price action of tap is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of XTP.
Crypto market is currently experiencing Extreme Greed
As the name suggests, a moving average provides the average closing price for XTP over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for XTP is a sum of XTP’s closing prices over the last 12 days which is then divided by 12. Meanwhile, the Ripple price hovers around $0.894, with a strong bullish movement above the moving averages. If the bulls put more pressure, XRP/USD may cross above the channel’s upper boundary to hit the resistance levels at $1.150, $1.200, and $1.250. Meanwhile, the bulls may continue to dominate the market if a larger divergence to the upside is noticed.
How much money should I invest in Tap?
- From above, if the bulls can push the coin above the upper boundary of the channel, traders may expect initial resistance to be located at 1115 SAT.
- With a Tier-1 exchange listing imminent and a rapidly growing social presence, Pepe Unchained is poised for exponential growth.
- The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 33.23% in the same time period.
- The daily timeframe indicates that the bulls have regained control after indecision, pushing prices into a new higher trading range.
- Currently in its presale phase, the project has already raised over $35 million and is projected to surpass a $100 million market cap at launch.
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for XRP is at 88.47, suggesting that XRP is currently overbought. The table above shows the price and ROI of tap today and previous years on the same date (Nov 18). This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools. Tap’s current circulating supply is 1.23B XTP out of max supply of 10.00B XTP.
Meanwhile, Pepe Unchained continues to gain traction in the meme coin space, leveraging an innovative Layer 2 blockchain for speed, low fees, and security. Currently in its presale phase, the project has already raised over $35 million and is projected to surpass a $100 million market cap at launch. The daily chart for XRP/USD shows a notable bullish breakout above the $0.75 level, a key resistance-turned-support zone that has historically been a critical pivot point. This upward move follows a sustained period of consolidation between $0.65 and $0.67, where buyers consistently defended the range, establishing a firm foundation for the current rally. The daily timeframe indicates that the bulls have regained control after indecision, pushing prices into a new higher trading range.
Will tap reach $100?
This feature bridges the gap between digital and traditional finance, making xtp coin price prediction it easier for users to utilize their crypto assets in the real world. The technology behind Tap (XTP) is a fascinating blend of traditional banking services and cryptocurrency, creating a hybrid approach that caters to a wide range of financial needs. This integration is achieved through a partnership with TapiX, which enhances the platform’s capabilities and ensures a seamless user experience. Tap’s blockchain technology is designed to provide a secure and efficient environment for transactions, leveraging the strengths of both traditional and digital financial systems. The tap price prediction on CoinCodex is calculated using the historical tap price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years.