The XRP price soared to $3.40 on Thursday, following reports of Donald Trump being receptive to the idea of an XRP Strategic Reserve.
Reports that Trump’s SEC could pause crypto enforcement actions further fueled the rally, considering it essentially means the Ripple-SEC legal battle would be over.
However, an overbought RSI, profit-taking from smart money investors and Elliot Wave counts suggest XRP could see a considerable pullback.
XRP Price Prediction – Is It Time To Sell XRP?
The XRP price is currently trading at $3.25 at press time, down nearly 5% from Thursday’s high of $3.40.
Yet, its daily Relative Strength Index (RSI-14) is hovering at 76, a level that typically suggests an asset is overbought. Its weekly and monthly RSI has also entered the overbought territory, standing at 83 and 85, respectively.
Prominent trader Crypto Tony, who is extremely bullish on XRP in the long term, also revealed he has shed some profits, suggesting that a pullback could be imminent. However, his Elliot Wave counts do suggest that XRP could rally to $3.80 before the correction.
Another popular analyst Crypto Prime, who accurately predicted the XRP bull rally, now suggests that a local top could form at $3.44. He also highlights that XRP/BTC — which is currently hovering at 0.00003204 — could see a significant pullback and test the 0.00003063 breakout level.
Elliot wave analysis of XRP’s daily chart signals the start of a corrective period as well, considering the 3rd impulsive wave might be in the books. Considering the XRP price fell nearly 30% between its first and second waves, a similar pullback could see it dipping to $2.38, which is a key support level.
However, XRP is still an excellent long-term investment, considering Ripple’s close relationship with President Donald Trump.
The altcoin could be one of the few assets that is equally popular among retailers as well as institutional investors, the former preferring it for its popularity and the latter for its regulatory clarity.
The latest XRP price analysis from prominent analyst Ali Martinez reveals a breakout from a symmetrical triangle on the monthly chart, which has a price target of $15 in 2025.
However, sidelined investors would do well to wait for a pullback before buying XRP or scaling into long positions.
AI Meme Coins – Next Best Crypto to Buy Now?
AI meme coins, including AI16Z, Fartcoin and AIXBT, are being viewed as the best cryptos to buy now and next big ‘meta’ for the market.
During the recent post-CPI broad-based market rally, AI coins were the top performers, suggesting they have the highest latent demand and could therefore continue to see outsized returns in the coming months.
Similarly, a new AI meme coin Mind of Pepe (MIND) is in high demand and has raised over $1.7 million in just two days of its ICO.
At its core, Mind of Pepe is a self-evolving, self-sovereign AI agent, designed to provide real-time market intelligence and hive-mind analysis to $MIND holders.
Similar to the popular ai16z agent, it will have its self-managed X and Telegram accounts. Besides being an excellent marketing tactic, the agent can collect reliable alpha from trusted experts on social media, do sentiment analysis and provide actionable intelligence to $MIND holders, who will no longer need to scour social media for hours.
Furthermore, Mind of Pepe has its own crypto wallet which it can use to launch meme coins of its own.
Considering the strong demand for low-cap AI meme coins, it is no surprise that prominent influencers like Nass Crypto — who has over 1 million subscribers — are bullish on Mind of Pepe’s upside potential.
Others are eyeing up to 10x returns from MIND, partly due to its staking platform which is currently offering a yield percentage of over 1000% per annum.
