Has the Crypto Market Had Enough of Ripple (XRP)? Why Rexas Finance (RXS) Is Becoming the Go-To Alternative in March
The post Has the Crypto Market Had Enough of Ripple (XRP)? Why Rexas Finance (RXS) Is Becoming the Go-To Alternative in March appeared on BitcoinEthereumNews.com.
The cryptocurrency market continues to shift as new projects challenge established digital assets. Ripple (XRP) has long been a dominant force in blockchain-based financial transactions. However, recent developments suggest that investors are exploring alternatives. Rexas Finance (RXS) is gaining momentum as a strong contender in the growing tokenized asset sector. Ripple (XRP) has struggled to maintain upward momentum despite positive news, including an executive order from the U.S. government supporting digital asset reserves. The price of XRP is currently trading around $2.50, marking a 1.8% decline over the past 24 hours. Trading volume has also decreased by 7.5%, signaling lower investor enthusiasm. Technical analysis indicates that XRP is facing resistance between $2.65 and $2.80. Analysts have pointed to bearish divergence signals, where price increases are not matched by momentum indicators. The Relative Strength Index (RSI) has dropped below 55, indicating weakening bullish momentum. If XRP fails to break past resistance, it may continue trading sideways or decline toward the $2.25 support level. A further drop below this level could push the price toward $2.00. Despite these price challenges, whale accumulation has increased. Wallets holding 100 million to 1 billion XRP have added over 2 billion tokens in the past week. Additionally, 99 million XRP was withdrawn from exchanges at an average price of $2.30, a 94.12% increase from the previous day. Market analysts suggest that this could indicate long-term confidence in the asset. However, short-term traders remain cautious due to continued resistance at key price levels and an overall 12% drop in network activity over the past month. Rexas Finance (RXS) is an emerging capital that is beginning to take its position in this market. It has disclosed the presale that the project has obtained more than 47 million dollars, and, it has sold 90% of tokens. Currently, RXS is…
Filed under: News - @ March 25, 2025 7:26 pm