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The XRP price appears poised for a bullish continuation after successfully defending key support levels earlier this week.
The third-largest cryptocurrency is currently trading at $2.43, with a market capitalization of $139 billion.
However, its bullish chart technicals signal a rally to a new all-time high of $4 is highly possible before the year’s end.
Aside from XRP, new meme coins continue to attract significant investment. For instance, Crypto All-Stars (STARS) is adding nearly half a million dollars to its presale daily and has now raised over $9.8 million.
Prominent crypto investors are bullish on STARS’ upside potential, with some even calling it the next 10x meme coin with the potential to offer 2x returns in December itself.
XRP Price Defends Key Support – Is It Time To Go All In On $XRP?
XRP continues to be one of the hottest assets in the cryptocurrency market.
After rallying by over 450% in a month and reaching a new 7-year high of $2.80, the XRP price saw a 22% correction and traded as low as $2.17 earlier this week.
However, it has successfully defended the $2.17–$2.24 support range, withstanding multiple breakdown attempts by the bears. Its price is up 10% following the latest attempt on Friday and is not attempting a break out from the upper trendline of its parallel channel.
XRP’s resilience isn’t surprising, considering whales are still viewing it as an excellent investment for the long term, treating every dip as a buying opportunity.
Crypto analyst Ali Martinez reveals that whale investors purchased over $288 million worth of XRP in its decline from $2.80 to $2.22.
While $XRP dropped from $2.90 to $2.22, whales bought the dip. They purchased over 120 million #XRP, totaling $288 million! pic.twitter.com/aF2L9dB6Ks
— Ali (@ali_charts) December 7, 2024Another analyst Crypto_Prime (@xrp_prime) also highlights that XRP is repeating the same bullish structure that resulted in strong upswings twice in November. If the trading volume picks up, the token could form a new all-time high, potentially hitting $4 by the end of the year.
However, the bulls still need to be cautious, considering that XRP is facing strong resistance levels above it. For instance, it will have to breach a $1.5 billion “sell wall” in the $2.45 – $2.79 range, in addition to a $111 million wall on Binance at $2.53.
XRP fighting to get over $2.45
Sell walls we are facing right now…
Coinbase:
$1.5B sell wall (massive sell orders all the way upto $2.79)
Binance:
$111M sell wall (major resistance at $2.53)
Let’s see how XRP manages to fight these pic.twitter.com/FAcM9Nb0u6
Could Crypto All-Stars Offer Big Returns in December?
As previously stated, the demand for new meme coins remains extremely high, particularly after the Bitcoin price hit $100k multiple times.
Crypto All-Stars is one such microcap meme token that has appealed to whales and retailers alike. The STARS presale has already raised over $9.8 million and is hours away from hitting the $10 million mark.
A TOAST TO THE ALL-STARS
The All-Stars have succeeded whereas many have failed!
We are blowing past all expectations with just 2 weeks left in the presale. We couldn't be more excited for the launch and for everyone to get a taste of the MemeVault. 
pic.twitter.com/PRT3W1jwiK
With its ICO closing in just under 13 days, the hype and FOMO surrounding the meme coin has skyrocketed and it is now adding over $500k to its presale tally daily.
Crypto All-Stars isn’t a run-of-the-mill token. While a few investors debate between meme coins and utility coins, STARS is a high-utility meme token that offers attractive monetary perks to its holders.
Its key selling point is MemeVault, the first-ever unified staking protocol. This multi-chain, multi-token platform will accept 11 of the top meme coins – 12 including STARS – and offer lucrative passive income to the stakers. STARS stakers will earn thrice the yields.
In fact, early STARS buyers can already earn passive income at an APY of over 230% using the presale staking platform.
With the investors’ meme coin holdings soaring ahead of the highly-anticipated supercycle, Crypto All-Stars’ MemeVault offers them a second income stream.
It is therefore no surprise that experts are bullish on its upside potential, with some calling it the next 10x meme coin, especially due to its microcap nature.
With its recent presale demand and the extreme bullish euphoria in the crypto market, it won’t be a surprise if STARS offers 2x returns immediately after its December launch.
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