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PEPE memecoin’s short-term price direction will depend on multiple factors.PEPE-1-1200x675.webp PEPE’s derivative data hinted at hike in traders’ optimism, but a break above $0.00000780 is necessary for a significant price rally While short-term technical indicators flashed ‘buy’, PEPE’s long-term bullish momentum remains questionable Popular memecoin PEPE may be poised for a bullish rally on the back of renewed trader optimism in the speculative memecoin market. With multiple Break of Structure (BOS) and Change of Character (CHoCH) confirmations, PEPE is now eyeing a break above a key resistance level. In fact, the memecoin’s price surged by 5.02%, with its trading volume gaining by 39.88% in the last 24 hours too. Hence, the question – Is PEPE ready for a bull rally?
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Crypto Market Today March 03 BTC & Altcoins Pump Hard Amid Trump’s Crypto Reserve Backing The crypto market today (March 3) has reignited bullish sentiments among traders and investors globally. Bitcoin (BTC) price tapped a $95K high intraday, whereas Ethereum (ETH), Solana (SOL), & XRP prices gained 9%-25%. Notably, the broader bullish action comes amid U.S. President Donald Trump’s recent backing for a strategic crypto reserve that includes XRP, SOL, and ADA. Crypto Market Today: BTC, ETH, XRP, & SOL Jump Amid Trump’s Crypto Reserve Saga The global crypto market cap rose substantially by over 8% in the past 24 hours, regaining a break above $3 trillion. Further, the total market volume also skyshot 141% over the past day, reaching $185.95 billion. Intriguingly, the broader market shows bullish actions primarily as the pro-crypto president is backing a crypto reserve in the U.S. As per a recent Forbes report, a crypto strategic reserve that includes XRP, SOL, and ADA is eagerly awaited nationwide, as indicated by Trump. Notably, this event emerged as potential buy-the-dip news for investors. BTC Touches $95K High As of press time, BTC price gained over 8% and exchanged hands at $92,759. The flagship coin hit a 24-hour low and high of $85,040.21 and $95,043.44 in the past 24 hours. Notably, BTC futures OI surged 7% to $54.74 billion today, signaling renewed market interest in the coin that triggered a bullish action. Nevertheless, Bitcoin’s dominance was down by 0.3% over the day, indicating altcoins gained harder. ETH Price Jumps 10% ETH price soared over 10% in the past 24 hours and closed in at $2,446. The coin hit a bottom and peak of $2,175.32 and $2,548.81 in the past 24 hours. Ethereum rises alongside a 6% surge in its futures OI to $21.17 billion, underscoring rising market interest. Nevertheless, Ethereum’s market dominance remained down to 9.6%. XRP Price Shoots Up 24% Ripple’s XRP led the broader market gains today, rallying 24% to $2.79. The coin’s intraday low and high were $2.23 and $2.97, respectively. XRP futures OI soared 38%
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XRP faces resistance at $2.4 – Will bulls overcome the barrier? XRP could perform well in the event of a Bitcoin rebound, since selling pressure has been lesser. A bounce to $2.4 was likely in the short term, and continued gains would flip short-term bias bullishly. Ripple [XRP] exhibited strength against Ethereum [ETH], the foremost among altcoins by market cap. CoinMarketCap data showed that XRP has gained 5.57% in 24 hours, compared to ETH’s 2.25%. Even otherwise, ETH has erased all its gains following the US Presidential election, while XRP was still up by 351% from the 4th of November’s low. Can XRP recover after the retest of the $2 support?$XRP
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Ripple Unlocks 1B XRP in First Escrow Release After XRP Enters US Strategic Reserve Ripple has unlocked the customary 1 billion XRP in its first escrow release after the U.S. government’s inclusion of XRP in a strategic reserve. As highlighted by on-chain tracking resource Whale Alert, Ripple observed the recent escrow release across three uneven transactions earlier this morning. The development came a few hours after the U.S. government confirmed that it plans to add XRP in its strategic crypto reserve. Ripple Re-locks 700M XRP Before Receiving 1B from Escrow Notably, the first transaction involved the release of 100 million XRP worth $279.8 million at the time to the Ripple address ‘rGK…Bdh’ today at 2:37 UTC. Eight minutes later, the escrow system released an additional 400 million XRP worth $1.12 billion to the same Ripple address. This brought the unlocked tokens to 500 million XRP.
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