The XRP Community encountered a quiet Saturday with no noteworthy updates on the SEC vs Ripple case to sway sentiments. The absence of court rulings, coupled with the anticipation of a new week, tested the resilience of investors. Judge Torres’s silence regarding Ripple’s Summary Judgment Reply Brief might be perceived as negative by some investors. However, the primary driving forces remained external market factors, with concerns over the US debt ceiling impasse weighing on XRP and the broader cryptocurrency market. Another blow came when Binance stopped trading two XRP leveraged tokens. It is plausible that investors have yet to fully incorporate the risks associated with investing in XRP. However a new meme coin PAT WARS (PAWS) has come up as a ray of hope for crypto enthusiasts.
XRP’s Bearish Sentiment Continues
Experiencing bearish sentiment throughout the trading session, XRP opened at $0.43032 and declined to an early afternoon low of $0.42352. Fortunately, it managed to avoid breaching the First Major Support Level (S1) at $0.4166 and briefly revisited the $0.4275 range before retracing.
Looking ahead, it is expected to be a calm day for XRP, devoid of significant US economic indicators. However, developments related to the US debt ceiling and discussions surrounding the SEC v Ripple case will likely influence market sentiment.
Binance Discontinues Two XRP Leveraged Tokens
Binance has officially halted trading for two XRP leveraged tokens, namely XRPUP and XRPDOWN. The prominent cryptocurrency exchange previously declared its intention to discontinue trading for these leveraged tokens against USDT, with the implementation set for May 12. Prior to the delisting of XRPUP and XRPDOWN tokens, Binance had recommended users to exchange their holdings for alternative assets.
The exchange provided guidance to customers, encouraging them to trade their XRPUP and XRPDOWN tokens for different cryptocurrencies or assets before the delisting was implemented. This advisory aimed to ensure that users were aware of the upcoming changes and could manage their holdings accordingly.
At present, these tokens are no longer available on the Binance platform. However, Binance has provided a redemption service for customers who still hold these tokens after the delisting event. Users can redeem the leveraged tokens for USDT through the dedicated Leveraged Tokens page or the wallet function.
PAT WARS’ Soaring Presale Attracts Crypto Investors
PAT WARS (PAWS) has emerged as another notable and exhilarating meme coin in the cryptocurrency world, generating significant buzz. With a focus on fun and playfulness, PAT WARS shares similarities with BEN and operates on the same supply and demand model as Dogecoin (DOGE) and Shiba Inu (SHIB). Currently in its presale phase, the meme coin has attracted enthusiastic investors eager to participate.
The strength of community plays a pivotal role in the success of meme coins, and Pat Wars recognizes this by prioritising community empowerment. Through the implementation of a DAO, the new meme coin enables decentralised decision-making and governance, giving its community a voice. Additionally, the NFT collection fosters a sense of unity among community members, granting them exclusive access to events, content, and unique opportunities.
PAT WARS boasts its own iconic symbol—the PAT WARS Clan of Jedi cat warriors. These feline warriors possess exceptional speed, strength, and irresistible cuteness, making them ideal mascots for an emerging meme coin. The appeal of such mascots, alongside potential celebrity endorsements, greatly influences the success of projects like PAT WARS.
Click here to join PAT WARS:
Presale: https://www.patwars.com/how-to-buy
Website: https://www.patwars.com/
Twitter: https://twitter.com/PATWARSOfficial
Telegram: https://t.me/PATWARSOfficial
