XRP Price Pumps 5% to Trade at $1.50 as Flockerz (FLOCK) Raises Over $3.2 Million In Blockbuster Presale

The XRP price pumped 5% in the last 24 hours to trade at $1.50 as of 04:44 a.m. EST on trading volume that plunged 13% to $12.3 billion

The XRP price continued its bullish trend on Monday, rising 5% in the last 24 hours to trade at $1.50 as of 04:44 a.m. EST, according to CoinGecko. However, trading volume dropped 13% to $12.3 billion.

A closer look at the XRP/USD chart reveals a sustained bullish move. After breaking out of a consolidation phase, the XRP price began a strong uptrend.

Notably, XRP is trading well above both the 50-day (blue line) and 200-day (light blue line) moving averages, indicating strong upward momentum.

After a parabolic rise, the XRP price cooled off, causing it to drop from the $1.56 resistance to the $1.28 support zone. But bulls used this support to lift the token, forming a rounding bottom pattern.

The rounding bottom pattern is typically a bullish reversal formation that could propel the XRP price even higher.

The Relative Strength Index (RSI) recovered from overbought territory (>70) during the parabolic move and is now in the upper neutral range at 63. This suggests that there is still potential for upside without becoming overbought again.

If the bulls continue the bullish trend reversal, the XRP price could rise further, breaching the psychological resistance at $1.60. This could lead to another rally, with the next possible target being around the $2.0 level.

However, if the bears take charge, the Ripple token price could drop, with the 50-day SMA acting as dynamic support at $1.25.

As the XRP price aims for a continued surge, some investors are turning to presale meme coins like the newly launched Flockerz (FLOCK) for more explosive upside potential.

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK could rise 100X after its launch.

Flockerz Raises Over $3.2 Million In Blockbuster Presale

Flockerz is a community-controlled meme coin powered by its unique Vote-to-Earn (V2E) incentive mechanism. By holding $FLOCK, you can earn additional tokens just by voting on decisions that will shape the project’s future.

The underlying framework of Flockerz is a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.

In this way, $FLOCK holders get to have a say in critical decisions such as protocol changes, budget allocations, adjustments to tokenomics, grant approvals, investment strategies, and more.

To participate in the voting process, users are required to purchase $FLOCK tokens. The more tokens you hold, the greater your voting influence. When a new proposal is introduced, members of The Flock cast their votes to decide its outcome.

Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 689%.

Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0061259 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.

Buy before a price hike in about one day to secure the best deal.