The post Is XRP On Track for Massive 300x Breakout JetBolt Presale Skyrockets appeared on BitcoinEthereumNews.com.

This week, XRP is fighting to hold above the $0.50 line, with Ripple’s SEC battles still casting a shadow over its performance. October’s close saw XRP down by 16.74%, leaving whales and traders questioning if the token’s next move is up—or further down. On the other hand, JetBolt (JBOLT) entered the crypto market with a presale surge that’s hard to ignore. With zero-gas technology and a fully functioning ecosystem ready to go, JetBolt’s early momentum has turned heads across the crypto space. Is XRP ready for a breakthrough—or is JetBolt’s ascent the next real story here? Let’s explore what XRP’s future trajectory could be, and why JetBolt’s presale success is making waves. XRP’s 300x Breakout: Far-Fetched or Possible Reality? Is Ripple’s XRP really on the verge of a jaw-dropping 300x breakout? Let’s set the record straight: while some are optimistic about a meteoric rise, this prediction is, by all accounts, a stretch given current market and regulatory conditions. At the time of writing, XRP trades at $0.5077, holding barely above its key support level of $0.50—a critical point where further declines could be on the horizon. Technical analysis also shows that if XRP falls below $0.488, it could trigger a slide of up to 12%, possibly revisiting its August 5 low of $0.431. The daily RSI is also sitting below the neutral 50 mark at 41, signaling growing bearish momentum. Meanwhile, XRP’s price faces resistance around the 200-day EMA at $0.548. Over the past week, XRP has faced a turbulent ride, struggling to hold above $0.51 as it dips below key support levels. For those looking for a breakout, XRP needs to close above this level to trigger a possible 13% rally, targeting the $0.626 resistance. Still, even a move of that magnitude would only scratch the surface of a…

---

Filed under: News - @ November 4, 2024 11:26 am