Ripple is currently gaining investors’ attention with current news surrounding its lawsuit with the US Securities and Exchange Commission. The debut memecoin, Raboo, is also drawing interest as it aims to challenge or even surpass the popularity and market value of existing meme coins like Pepe. What does the future hold for XRP and is Raboo ($RABT) really capable of outperforming top crypto coins like PEPE? Let’s find out

Experts forecast XRP recovery following SEC ruling

CoinMarketCap currently tracks the price of XRP to  $0.57, which is about a 4.6% weekly decline. XRP has also lost about 5% of its value on the monthly chart. However, participation in the XRP network is continuously increasing, and experts credit it to the recent court ruling between the SEC and Ripple.

According to the ruling, the judge and the SEC did not prove that any investors were harmed by Ripple’s sales of XRP. This ruling also rejected the SEC's claim for disgorgement, which sought to recover profits from Ripple. Due to the potential positive impacts of this ruling, experts expect XRP to recover its weekly losses soon, with the altcoin price trading above $0.60.

Analysts warn of Pepe price crash if resistance is not broken

Pepe has been relatively stable over the week. However, a closer look at PEPE’s price movement reveals that it has struggled to break through the crucial 200-day Exponential Moving Average (EMA), which is a key indicator used by traders to assess an asset's long-term trend.

 Pepe ‘s price, now at $0.0000007857, is currently situated below both its 50-day and 100-day EMAs on the daily chart, indicating potential bearish sentiment. There’s currently a resistance level of $0.0000095 in view for Pepe, and analysts warn that if PEPE fails to overcome the level, the altcoin price may plunge further to $0.0000077 soon. 

Raboo's Rabooscan development progress and Social-Fi component captivates investors

As one of the first platforms dedicated to offering investors a diverse array of opportunities in the meme sector, Raboo is capturing significant attention with its ongoing presale. Currently selling at $0.0048 per token, Raboo’s presale promises about 100x gains–and an ROI which could potentially outperform top crypto coins like PEPE.

One of the things that makes experts see Raboo as one of the top altcoins to watch is its Rabooscan feature. Recently, the development team released a report detailing its progress, noting the successful completion of the initial development phase, which involved data compilation, cleaning, and labeling. This groundwork sets the stage for the next technology’s development phase–Model Development.

Another key feature of Raboo’s ecosystem is its Social-Fi component, which invites investors to participate in meme-generating competitions. This fosters community engagement while encouraging creativity and humor. The stakes of participating in this activity are high as you can win attractive prizes based on the popularity and quality of the memes you create.

Conclusion

In summary, Ripple's recent court ruling has sparked optimism for XRP's recovery, while investors are closely monitoring Pepe's potential vulnerabilities. Furthermore, Raboo's innovative approach and strong presale performance position it as a formidable contender in the meme coin sector. As the developments surrounding these assets unfold, both XRP and Raboo are set to continue attracting significant attention.

You can participate in the Raboo presale here:

Telegram | Twitter

_{Disclaimer: This is a paid press release. BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $300. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.}