Is It Too Late To Buy BABYXRP? Baby Ripple Price Soars 25% Amid Upcoming Airdrop And This Might Be The Next Crypto To Explode
The Baby Ripple price surged 25% in the last 24 hours to trade at $0.002822 as of 02:29 a.m. EST on trading volume that surged 32% to $10.14 million.
This comes as the team plans a $3,000 airdrop in collaboration with Biconomy.
Baby Ripple Price To Continue Soaring
The BABYXRP/USD chart analysis shows that the Baby Ripple price is currently displaying a bullish trend within a rising channel. The price of Baby Ripple has been respecting both the upper and lower bounds of the channel, creating higher highs and higher lows. This indicates a steady upward momentum, according to data from GeckoTerminal .
Moreover, the 50-day moving average (currently at $0.002391) is trending upwards, confirming the short-term bullish momentum. The price is trading well above the SMA, which typically signifies continued upward momentum.
The Relative Strength Index (RSI) is in the neutral-to-bullish zone, currently at 59, just below the overbought threshold (70). This suggests that while there is buying pressure, the BABYXRP price has room to grow further before becoming overextended.
The bullish sentiment is further supported by the Moving Average Convergence Divergence (MACD), as the blue MACD line crosses above the orange signal line, representing a bullish crossover.
The price of Baby Ripple is likely to retest the upper boundary of the rising channel ($0.003000) in the short term if the rising channel continues, as the bulls target $0.00350.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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