Meanwhile, Pepe Unchained continues to gain traction in the meme coin space, leveraging an innovative Layer 2 blockchain for speed, low fees, and security. Currently in its presale phase, the project has already raised over $35 million and is projected to surpass a $100 million market cap at launch. The daily chart for XRP/USD shows a notable bullish breakout above the $0.75 level, a key resistance-turned-support zone that has historically been a critical pivot point. This upward move follows a sustained period of consolidation between $0.65 and $0.67, where buyers consistently defended the range, establishing a firm foundation for the current rally. The daily timeframe indicates that the bulls have regained control after indecision, pushing prices into a new higher trading range.
What key events have there been for Tap?
This feature bridges the gap between digital and traditional finance, making it easier for users to utilize their crypto assets in the real world. The technology behind Tap (XTP) is a fascinating blend of traditional banking services and cryptocurrency, creating a hybrid approach that caters to a wide range of financial needs. This integration is achieved through a partnership with TapiX, which enhances the platform’s capabilities and ensures a seamless user experience. Tap’s blockchain technology is designed to provide a secure and efficient environment for transactions, leveraging the strengths of both traditional and digital financial systems. The tap price prediction on CoinCodex is calculated using the historical tap price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years.
Terms & Info
- As the name suggests, a moving average provides the average closing price for XTP over a selected time frame, which is divided into a number of periods of the same length.
- The 200-day SMA is calculated by taking tap’s closing prices in the last 200 days, adding them together, and dividing the total by 200.
- Tap (XTP) is a multifaceted cryptocurrency platform designed to streamline the management of both fiat and digital currencies.
- Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the XTP price.
- Its secure multi-currency wallet, regulatory compliance, and innovative features make it a comprehensive platform for managing both fiat and digital assets.
- However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility.
Additionally, the app allows users to send any crypto asset to anyone in the world for free, with the recipient able to use the asset instantly. By integrating traditional banking services with cryptocurrency, Tap offers a unique solution that caters to a diverse range of financial needs. Its secure multi-currency wallet, regulatory compliance, and innovative features make it a comprehensive platform for managing both fiat and digital assets. One of Tap’s standout features is its multi-currency account, which supports global money transfers, instant top-ups, bill payments, and favorable exchange rates for international spending. Additionally, Tap facilitates crypto trading and management, allowing users to trade various cryptocurrencies across multiple exchanges through a single app and KYC process.
In addition to these financial services, Tap has ventured into the gaming industry with tap-to-earn games and airdrops. These features allow users to earn cryptocurrency through xtp coin price prediction gameplay and promotional events, adding an interactive dimension to the platform. Tap’s commitment to regulatory compliance is evident in its claim of holding a DLT license from the GFSC, positioning it as the only company in its sector regulated to hold both fiat and crypto. The platform also offers a Mastercard to EU and UK residents, further bridging the gap between traditional finance and the crypto world. The 200-day SMA is calculated by taking tap’s closing prices in the last 200 days, adding them together, and dividing the total by 200. According to our historical data, it is currently profitable to invest in tap.
XRP price is expected to rise by 14.40% in the next 5 days according to our XRP price prediction
Nonetheless, @Washigorira shared on X (formerly Twitter) that $XRP is breaking above the monthly Kijun 🔵, with a target of $1 🎯. However, caution is advised as the Kumo Cloud could present resistance at this level. 🤝 If $XRP successfully clears the cloud, it might rapidly ascend toward its previous all-time high. Tap produces its own wallet software that is available for download on its website, which allows you to store Tap on your computer. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Tap.
Just like with any other asset, the price action of tap is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of XTP.
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for XRP is at 88.47, suggesting that XRP is currently overbought. The table above shows the price and ROI of tap today and previous years on the same date (Nov 18). This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools. Tap’s current circulating supply is 1.23B XTP out of max supply of 10.00B XTP.
However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy tap or not. In , () is anticipated to change hands in a trading channel between and , leading to an average annualized price of . This could result in a potential return on investment of compared to the current rates. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
Users can send any crypto asset to anyone in the world through the Tap app for free, with the recipient able to use the asset instantly. This feature enhances the global reach of cryptocurrencies, making them more practical for everyday use. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XRP closing price for the last 200 days. XRP is now trading below the SMA 200, signaling that the market is currently bearish.