The recent XRP price action has sparked a broader bullish sentiment among crypto investors and analysts. The cryptocurrency’s 10% surge in the last week has driven the price above levels not seen in nearly a month, continuing its green performance in most long-term timeframes.

As a result, some market watchers have set their bullish targets for the cryptocurrency, claiming that the multi-year consolidation is coming soon to an end.

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XRP To Reclaim $0.75?

XRP’s price suffered a massive drop when the US Securities and Exchange Commission (SEC) filed its lawsuit against Ripple nearly four years ago. The SEC claimed that the company had illegally sold the cryptocurrency as an “unregistered security.”

The crypto crackdown drove investors away from the token as uncertainty about the token’s status and the lawsuit’s resolution grew. However, Ripple’s victory against the SEC has sparked a bullish sentiment among users, reflecting on its recent price action.

Investor and analyst CredibleCrypto deemed that XRP’s trajectory to a new all-time high (ATH) is a matter of “when” and not “if” after the court’s ruling.

The analyst noted that the cryptocurrency has moved between the $0.40-$0.75 price range since March’s highs, only registering a “deviation” from this level in July.

According to the investor, the deviation “forcibly pushed below the range low to trick breakout traders into buying/selling before price moves right back into the range and heads in the opposite direction.”

Following the August ruling, the token has hovered between the $0.55 to $0.64 mid-range level but recently registered another “deviation” during the early September market retrace. This could suggest that XRP’s price is poised to retest the accumulation’s upper level.

To the analyst, the token will retest the $0.75 resistance level before kickstarting its massive bull run. However, he noted that this scenario will likely only play out if Bitcoin (BTC) bounces to the $61,000-$62,000 price zone “relatively soon.”

A Massive Breakout Eyes Double-Digits

Credible Crypto also highlighted that XRP displays “The Mother” of all bullish patterns in the longer timeframes. Per the post, the token seemingly exhibits a multi-year bullish pennant pattern that could lead to a breakout.

To the analyst, this “near 7-year compression will be coming to an end soon,” which could result in a “legendary” rally for the cryptocurrency. Moreover, he added that the breakout’s possible targets will surpass the $3.4 mark as it is set to make a new ATH at a “minimum.”

After that goal, the trader stated that investors would be “looking at double digits” for the next targets. Similarly, Crypto Trader Mikybull noted XRP’s bullish pattern, asserting that it displays “one of the most bullish macro charts out there.”

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Another analyst also suggested that XRP will be one of the top performers during the upcoming bull run. As October approaches, Charlie.eth considers that a “significant recovery seems likely,” which could lead to the mid-term target of $2.5 before aiming for a long-term target between the $10-$12 mark.

At the time of writing, XRP’s price registers a 4% surge in the last 24 hours, trading at $0.58. The cryptocurrency also saw a 13.6% increase in its daily market activity, reaching a daily trading volume of $1.29 billion.

Featured Image from Unsplash.com, Chart from TradingView.com

Cryptocurrency prices remained on edge during the weekend as investors waited for the next catalyst. Bitcoin was trading at $66,800 on Sunday while most altcoins rose slightly. The market cap of all digital tokens remained at $2.6 trillion. This article will look at three cryptocurrencies like Poodlana, Mother Iggy, and Cat in a Dogs World.

Poodlana prediction

Poodlana, an upcoming Solana meme coin, has continued thriving in its token sale. The developers have raised over $1.9 million in less than two weeks, making it one of the fastest-growing token sales in the industry. 

Poodlana aims to be a better and bigger version of a dog-themed token than popular tokens like Shiba Inu and Dogecoin. It is based on Poodle, a popular Japanese dog breed.

The developers have selected Solana, which has become the most popular blockchain for meme coin creators. They love it because it is a significantly faster network and that its transaction costs are lower than other blockchains.

Poodlana’s token sale will run for just 30 days and the token price will continue rising gradually. This means that people who buy the token early will get more than those who buy near the end of the sale.

Additionally, Poodlana token will start trading just 30 minutes after the token sale finishes. That will be a different situation than most token sales when they take weeks or months before starting to trade. 

Analysts we talked to believe that Poodlana token could rise after starting to trade in August. Most of this will depend on the overall market trends when this happens. If cryptocurrencies are rising, there are chances that the token will also follow the trend. You can buy the Poodlana token here.

Cat in a Dogs World (MEW) price forecast

The daily chart shows that the Cat in a Dogs World price has gone parabolic in the past few days. It has risen for four straight days, reaching its highest swing since April 24th. The token has recently crossed the important resistance point at $0.00064, its highest level on June 7th.

The MEW token has moved slightly above the 50-day moving average while the Relative Strength Index (RSI) has tilted upwards. History shows that such parabolic moves are followed by a big drop as profit-taking starts.

Therefore, there is a likelihood that the token will retreat and retest the crucial support level at $0.0060. 

Mother Iggy price forecast

The MOTHER token, which is being promoted by Rapper Iggy Azelia, went vertical on Sunday as demand for the token continued. It also rose as Azelia continued promoting it on social media platforms. 

https://x.com/IGGYAZALEA/status/1815105024462409925

On the four-hour chart, we see that the MOTHER token rose sharply as demand rose. It flipped the important resistance point at $0.047, its highest point on July 11th. The token has remained above the 50-period moving average. 

However, it has formed a standard doji pattern, which is a popular reversal sign. Therefore, the token will likely resume a bearish trend and then retest the key support at $0.050.

 

Australian rapper Iggy Azalea and her cryptocurrency venture, the Mother Iggy (MOTHER) token, have garnered significant attention in the crypto industry due to its rapid popularity and a more than 140% spike in its first week of trading. 

However, after its initial surge, the token experienced a substantial price correction, leading to a decline from its record price of $0.2490, reached on June 6. On Friday, the token retraced to as low as $0.1155 after reaching its record high.

In a recent social media post on Sunday, Iggy Azalea revealed plans to revive a co-founded telecommunications company, triggering a 27% surge in the MOTHER token’s price and potentially signaling a continuation of the recent uptrend.

Iggy Azalea MOTHER Tokens Accepted For Phone Purchases 

In her social media post, Azalea revealed plans to resurrect a co-founded telecommunications company, allowing MOTHER and Solana (SOL) token holders to utilize their tokens for purchasing phones or monthly cell plans. 

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Azalea also revealed that technology company Sphere Labs will handle the payment infrastructure for these transactions, while Unreal Mobile will provide the phone services. 

Azalea mentioned that users will have access to a selection of phones for purchase. She also revealed that the company will have an advertising campaign and a launch later this week. Azalea further stated:

Roll out campaign and advertising, etc. all begin and continue throughout the week so you’ll see me posting more of that. But don’t forget this is just a convenient side mission for me and not my main vision for what will drive mother.

From Scam Threat To Crypto Vision

According to a report from Fortune Magazine, the launch of Mother Iggy’s token was accidental and strategic. Azalea took action after discovering a scammer on Telegram using her name to launch a memecoin. Determined to combat this fraudulent activity, she launched her token within a shorter time frame.

Per the report, Iggy Azalea has been observing the crypto industry since 2020 and recognized the potential in non-fungible tokens (NFTs) and Web3 art projects. Memecoins resonated with her as they aligned with her familiarity with viral content and memes throughout her career.

Contrary to the negative perception surrounding celebrity-backed coins, Iggy Azalea emphasized her intention to establish long-term utility for the MOTHER token. The Australian singer sees the “celebrity buzz” as an opportunity for the retail industry to engage with the Solana blockchain.

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In addition to integrating with her phone data provider startup, Azalea intends to integrate MOTHER tokens as a gifting and crowdfunding platform. Ultimately, her goal is to turn Mother Iggy into a stablecoin, which she considers the “holy grail” of accomplishments.

The MOTHER token is currently trading at $0.1897, indicating a 20% decline from its record levels. The token has observed a 25% trading volume in the past 24 hours, reflecting ongoing market activity and investor interest.

Featured image from Shutterstock, chart from TradingView.com

The official Twitter account of Canadian actor Will Sasso has been hacked in order to promote a Cardano (ADA) scam. 

Sasso’s picture has been replaced with that of Input Output CEO Charles Hoskinson. 

The hacked account is currently spamming a tweet, which falsely claims that the firm behind the Cardano blockchain has organized a massive giveaway following the successful launch of the Vasil hard fork that took place earlier this week. 

Of course, Input Output is not giving away 100 million ADA tokens, and Twitter users should be careful not to click the link in the tweet. Hackers are attempting to bait gullible and greedy users into going to a fraudulent website and parting ways with their crypto. 

Sasso’s account has not been recovered at press time. The Canadian actor is known for starring in the hit sitcom  “How I Met Your Mother,” the sketch comedy “Mad TV,” and other projects. 

Even though cryptocurrency scammers continue to use the same playbook, Twitter apparently finds it hard to crack down on them. Over the past few weeks, plenty of verified accounts have been hacked in order to impersonate prominent cryptocurrency personalities.

As reported by U.Today, the official Twitter account of Oman’s Indian embassy was hacked last week in order to promote an XRP scam by using the identity of Ripple CEO Brad Garlingouse.

There’s been a huge influx of compromised Twitter accounts impersonating Ethereum co-founder Vitalik Buterin on the cusp of the recent Merge upgrade that went live on Sept. 15 and generated plenty of press coverage.