Ripple (XRP) Preparing For Next Upswing to $5, But DTX Exchange (DTX) Could Be the Next Underdog With 200,000 Users
The post Ripple (XRP) Preparing For Next Upswing to $5, But DTX Exchange (DTX) Could Be the Next Underdog With 200,000 Users appeared on BitcoinEthereumNews.com.
Last week, the cryptocurrency market created another high with blue-chip cryptocurrencies like Ripple. XRP continued its vertical momentum starting on 10 November. Since the breakout, XRP has increased by over 180%, reaching nearly a four-year high. Meanwhile, DTX Exchange (DTX) has attracted large players as its user base rapidly increases. According to experts, DTX Exchange is fully prepared to lead the DeFi market with its unique positioning and high growth fundamentals. Ripple Eyes Breakout Above 2021 High: Will It Keep The Momentum? Looking at the XRP chart history, the current spike is the third one after 2017 and 2021. In April 2021, Ripple created a high of $1.966, and the current breakout has created a high of $1.63. If Ripple continues the momentum for a week or two, it can probably break out of the 2021 resistance. $1.8 and $2 are the next two major resistances that can hinder the XRP price going forward. XRP’s price experienced an increase of 42% over the last week, during which the investors showed strong interest after it broke out of consolidation. The purchase of approximately $526 million worth of the token by XRP Whales indicates that it may experience another appreciable price increase. The anticipation of updates in the SEC vs. XRP lawsuit has also triggered excitement, with the opinion of many market observers being that the future development of the cryptocurrency sector may be promising. Ripple Labs Inc. has sped up the testing of RLUSD, its stablecoin aimed at the US dollar, on its mainnet. The Ripple Stablecoin Tracker suggests that the company recently minted 10,500,000 RLUSD by the token. Ripple has been testing its stablecoins for months, and executives have been assessing their likely impact on the ecosystem. An important player in the payments field has already been Ripple Labs, and…
Filed under: News - @ November 27, 2024 4:25 am