XRP accumulation awaits explosion, while the presale of Snorter Token raises over 1.2 million USD

XRP has experienced over 200 consecutive days of trading within a narrow price zone, which has drawn attention from both analysts and investors in the market. During this period, the coin has maintained a crucial support level near the 2 USD threshold, while repeatedly failing to sustain breakouts above the resistance zone around 2.90 USD. As a result, the price has followed an accumulation wedge pattern, with a horizontal support line and a downward-sloping resistance line, indicating a balance between buying and selling pressure.

This prolonged accumulation phase occurs after the explosive price increase of XRP at the end of 2024, when this coin surged more than 500%, from a price level of about 0.48 USD to a peak of nearly 2.80 USD before experiencing a pullback. Despite several attempts to break out successfully from the current price zone, the price of XRP continues to fluctuate within a narrow range, reflecting the uncertainty and cautious sentiment of the cryptocurrency market in general, as well as those holding XRP.

Notably, the price level of 2 USD currently also aligns almost exactly with the 200-day EMA moving average, a significant technical indicator that many traders monitor to assess long-term trends. This similarity further adds to the weight and importance of this support level, making it an important price zone that many believe if broken, could lead to stronger fluctuations in the future.

XRP Price Prediction - Accumulation Waiting for Explosion

Market analysts currently have mixed opinions about the future prospects of XRP. Some experts base their predictions on the historical bullish model of 2017 as a guiding map, predicting that the target price could rise in the range of 3.70 to 10 USD, and even in the most optimistic scenarios, the price of XRP could break out strongly to reach 25 USD.

This positive outlook is reinforced by several factors, first being the increasingly narrowing accumulation wedge pattern indicating that buying pressure may strengthen in the near future, followed by a few factors that have occurred in the past and are showing signs of repeating strong growth. We can mention the possibility that central banks will lower interest rates, the trend of asset accumulation from large institutions, and inflation data showing signs of improvement.

However, the negative scenario cannot be overlooked. If XRP cannot hold the important support level at the 2 USD threshold and breaks below the 200 EMA average line, many forecasts suggest that the price could adjust downwards significantly to the zone around 1.30 USD. Most of the current uncertainty depends on unpredictable external factors, such as the policy decisions of the Federal Reserve (FED) and changes in legal regulations regarding the cryptocurrency market.

XRP investors shift focus to Snorter Token

Overall, the sentiment of the cryptocurrency market remains positive, especially for tokens with high practical applications such as XRP. Therefore, many traders continue to accumulate XRP with the belief that a breakout is just a matter of time.

In addition, another token that is also drawing strong attention is Snorter Token ($SNORT). This is a new meme coin that has emerged on the Solana network and immediately attracted interest due to its unique combination of humor and practical application through a trading bot based on the Telegram platform.

The first point of attention is that Snorter Token is designed to operate on both major blockchains, Solana and Ethereum, which will help it reach a larger user base and thus make it easier to become more popular. At its core, Snorter Token functions as a powerful assistant in cryptocurrency trading, providing features such as executing fast swap transactions, automatically searching for orders, placing limit orders, and even having the ability to identify potential scams – helping traders enhance safety and efficiency in the trading process.

In particular, Snorter Token integrates features to protect against front-running and MEV (Miner Extractable Value), helping users gain a competitive advantage in trading meme coins that are very fast-paced and highly volatile. The mascot of the project is a humorous and adventurous piggy bank, bringing a unique personality to the project, while also emphasizing the main function of the token — to "sniff" out potential tokens before they surge.

The presale of Snorter Token is currently very active.

The presale of Snorter Token has drawn significant attention from the community, with funds raised exceeding 1.1 million USD. Currently, each $SNORT token is priced at approximately 0.0957 USD, and with less than 48 hours remaining in the presale, many early investors are quickly seizing the opportunity to acquire a limited amount of tokens.

The project developer also emphasized the compatibility of Snorter Token with multi-chain wallets like Best Wallet, while facilitating easy access for users without requiring KYC, and supporting the purchase of tokens using various popular cryptocurrencies such as Solana (SOL), Ethereum (ETH), USDT or USDC.

The development roadmap of Snorter Token after the token creation event includes many important features such as exclusive access, copying transactions from the highest performing wallets (copy trading), along with the lowest transaction fees on Solana, at only about 0.8%. All of these characteristics make Snorter Token a strong candidate for the most promising meme coin projects in 2025.

In addition, the project also focuses on marketing activities with regular updates on social networks such as X (formerly Twitter), aimed at boosting community interaction and maintaining transparency. With the Solana ecosystem showing many signs of preparing for a price breakout, Snorter Token is expected to benefit from the overall market growth.

Based on a solid application platform, a focus on community, and strong fundamentals, Snorter Token is not just a media effect phenomenon but also has the potential to deliver significant profits for early participants. To join the $SNORT presale before it ends, you can visit the official website at snortertoken.com.

Join Snorter Presale now