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XRP Price At $0.40, Can It Hold Onto Its Bullish Revival?

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Xrp Price
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At the time of writing, the XRP price noticed upward movement on its chart. After the asset consolidated for a few days, it finally travelled north.

Over the last 24 hours, the XRP price registered a 6% appreciation. In the past week, the coin has rallied by over 20%.

Buyers were attempting to push the price up, and they finally succeeded over the last 24 hours.

XRP was stuck at the $0.38 price mark for a considerably long period of time, but buyers rescued the altcoin despite broader market weakness.

Continued pressure from the buyers could make XRP move past its immediate resistance, which would make it invalidate its bearish thesis.

On the other hand, if the bulls fail to defend the present price level, then the sellers will take over.

If the sellers take over, then XRP could be pushed close to the $0.30 price mark. At the current moment, XRP rests in a crucial support zone.

XRP Price Analysis: One Day Chart

XRP was priced at $0.40 on the one-day chart | Source: XRPUSD on TradingView

The altcoin was trading at $0.40 at the time of writing. The XRP price had witnessed weeks of consolidation on its chart. Finally, buyers pushed the price above the next resistance mark.

Over the past week, XRP has broken past many resistance lines.

The immediate price ceiling for the coin rests at $0.44 as the altcoin has had difficulty moving past that price level for multiple months now.

On the flip side, the closest support to XRP was at $0.38, and a fall from that level would bring XRP to $0.30.

If buyers remain steady, then XRP could push past $0.42 with a chance of toppling above the tough resistance of $0.44.

The amount of XRP traded in the last session declined slightly, indicating that the number of buyers also dropped to a small extent.

Technical Analysis

Xrp Price
XRP witnessed a surge in buying strength on the one-day chart | Source: XRPUSD on TradingView

Buying strength recovered considerably over the last week, which slowly helped XRP travel upwards on its chart.

The Relative Strength Index was almost about to touch the overbought zone but it noted a downtick. Despite the downtick, buyers have substantially outnumbered sellers in the market.

Usually, an increased number of buyers creates a price pullback. In the event of that, XRP could rest at $0.38 before it picks up momentum again.

The XRP price was above the 20-SMA line, which signalled that buyers were driving the price momentum in the market.

Xrp Price
XRP registered buy signal on the one day chart | Source: XRPUSD on TradingView

The altcoin seems to be registering an increased buy signal on the one-day chart. Moving Average Convergence Divergence depicts the market momentum and the price action of the altcoin.

The MACD underwent a bullish crossover and formed green signal bars, which were buy signal for the coin. The increase in the size of the signal bars indicates that XRP will travel up on its chart.

The Parabolic SAR also determines the overall market direction, and the dotted lines below the price candlestick signify bullish momentum.

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Open Community Aggregation Game Platform HAM Launches Web3.0 Developer Aggregation Tool

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Open Community Aggregation Game Platform Ham Launches Web3.0 Developer Aggregation Tool
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OTTAWA, Ontario–(BUSINESS WIRE)–HAM, a Web3.0 blockchain game aggregation platform led by Canadian blockchain company INS LABS, recently announced that they would launch a developer ecology aggregation tool, allowing developers to freely customize the blockchain game ecology, and players to put forward their own needs to make NFT elements such as equipment, characters, scenes, etc. Meanwhile, HAM also supports existing game ecologies, such as RPG, APRG, SIM EDU, SRPG, building a metaverse platform with a win-win situation for the platform, developers and players, and is committed to building the first scene of the virtual world of the metaverse.

Meanwhile, MIR LIST, the first GameFi project of HAM, will launch on HAM platform on 4th, October, opening the win-win ecology of HAM and MIR LIST

At present, HAM has launched a metaverse ecosystem integrating functions of game library, launchpad, NFT MarketPlace and Swap, combined with Web3.0 marketing tools and embedded new social elements to link players directly with projects, relying on HAM’s huge user traffic pool to empower game ecology.

HAM abandoned the traditional centralized governance model and introduced DAO community autonomy, returning the ownership of the HAM platform back to the community. Only one week after the official launch of HAM, its players have spread across 30 countries, including the UK, France, Russia, and Japan, radiating 200,000 users worldwide.

In the design of the token economy, HAM has launched the platform’s only token HAM, 100% all returned to the market. As the core medium of the HAM ecosystem, it participates in transactions such as NFT, Swap, voting, and in the exchange of game assets with digital assets. At the same time, HAM deploys the first Direct Acyclic Graph (DAG) based minable Mainnet coin XDAG as a special award, forming a unique P2E model that enables seamless exchange of assets between the HAM gaming platform and other cryptocurrencies in other blockchains.

HAM helps users transition from the Web2.0 era to the Web3.0 era, creating the underlying infrastructure of the Web3.0 gaming ecosystem. In the future, HAM will link the game ecology and metaverse scene, allowing game assets to get infinite possible development, returning the value of community rewards and data assets to the users, and building a metaverse game platform that accommodates millions of users.

Contacts

Media:

Company: HAM

Contact Person: John Liu

Email: [email protected]
Website: http://hamgame.world
Address: Ottawa, Canada

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Whale Alert: 150 Billion Shiba Inu (SHIB) Bought by Anon Whale

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Whale Alert: 150 Billion Shiba Inu (Shib) Bought By Anon Whale
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