The XRP price pumped more than 2% in the last 24 hours to trade at $1.42 as of 4:36 a.m. EST as investors slowly start to accumulate the crypto.
This uptick in the Ripple price comes as the fintech’s CEO, Brad Garlinghouse, announces that the firm will donate an additional $25 million to the crypto-focused Fairshake PAC (Political Action Committee).
XRP Price Rejected By The $1.4810 Resistance Level
4-hour chart for XRP/USD (Source: GeckoTerminal)
The XRP price was rejected by the $1.4810 resistance level in the last 24 hours. As a result, a negative trend line has emerged on the crypto’s 4-hour chart. If the remittance token does not break above this technical barrier within the next 12 hours, it could be at risk of testing the $1.2805 support level soon. Continued sell pressure might then lead to XRP falling to $1.0085.
In the event that the XRP price manages to rise above the negative trend line, it could establish a position above the $1.4810 resistance level. This might then give it the space needed to keep climbing in the following few hours. Traders could subsequently push the XRP price up to the next major mark at $1.6242 in the short term.
XRP Price About To Trigger A Bullish Technical Flag
Technical indicators on XRP’s 4-hour chart suggest the crypto’s price could enter into a bullish move in the coming 24 hours. In addition to the Relative Strength Index (RSI) breaking above the 50 benchmark, the Moving Average Convergence Divergence (MACD) indicator is on the verge of triggering a major bullish technical flag as well.
The jump in the RSI’s value above 50 in the last couple of hours suggests that buyers have gained control of the XRP price. If bulls choose to capitalize on this advantage, they could have the strength needed to push the crypto’s value up in the next few hours.
Recently, the MACD line has also started to rise toward the MACD Signal line. If there is an intersection between these two technical indicators, it might be interpreted as a sign that XRP has entered a new bullish cycle.
As the XRP price attempts to break above the negative trend line that has emerged on its charts, investors are flocking to the presale of new PolitiFi token FreeDum Fighters (DUM) for post-election gains.
Could FreeDum Fighters Become The Next Big PolitiFi Token?
Following the US presidential election, interest around many political meme coins has faded. This temporary drop in interest gives the new PolitiFi token, FreedDum Fighters (DUM), the opportunity to climb the political crypto ranks to potentially become one of the leading projects in this subset of the crypto market.
Unlike the tsunami of meme coins that were created in the build up to the election with the hopes of quick gains, FreeDum Fighters intends on staying around for the long run.
Although the project entered the market during this political meme coin frenzy, offering investors a light-hearted and gamified take on the elections, its sole focus now is to expand its ecosystem.
At the heart of the project is a clash between two fictional political figures. In one corner is the mechanized version of Donald Trump called Magatron, while Kamala Harris is represented in the other corner by Kamacop.
Each of these characters has their own staking pool, offering their supporters attractive passive rewards. Magatron offers his backers a 242.29% staking APY, while Kamacop offers her supporters 348%.
With the US election now over and Trump coming out on top, FreeDum Fighters will continue to develop its ecosystem with the addition of new political characters.
Among the upcoming figures is DOGE, which is the personification of Trump’s proposed Department of Government Efficiency. Another character called Dark MAGA, aka Elon Musk, has already made its way onto DUM’s website.
Given its aim to become a sustainable PolitiFi token, it’s no wonder popular YouTuber Jacob Bury told his more than 44.5K subscribers that DUM could surge 10X after its launch.
Time Is Running Out For Investors To Buy DUM At Presale Prices
So far, DUM has raised over $647K through its ICO. With just 10 days left until its presale ends, the project’s total raise is surging toward $1 million as investors try to get in on the ground stage of the token before it’s too late.
To acquire the meme coin, investors can use the simple buy widget embedded on the project’s website. Selling for $0.0001, DUM can be bought with either ETH, BNB, BASE, SOL, USDT or USDC.
Once purchased, the tokens can then be locked up in either Magatron’s or Kamacop’s staking pool for high passive rewards.
Purchase DUM here.
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