The post Wall Street Analyst Predicts Swift Recovery for XRP But Predicts SUI and DTX Exchange Are Next Top 10 Cryptos appeared on BitcoinEthereumNews.com.

Ripple’s XRP is poised to make a successful recovery in the near term after facing minor corrections in the network. Meanwhile, DTX Exchange (DTX) and SUI are attracting the majority of investors with impressive performance indicators and the potential for a strong rally soon. Leading the pack, DTX Exchange is on the verge of a breakout with a $10.5 million presale. Ripple (XRP) Rides High on a Stablecoin Surge Ripple’s (XRP) recent performance has brought investors, with the launch of its RLUSD stablecoin sparking a parabolic rally. Marketed as a secure, use-based, and regulation-compliant asset, RLUSD has given it a new energy. XRP’s price climbed from $0.55 to a peak of $2.72 before stabilizing around $2.25. Approval from the New York Department of Financial Services (NYDFS) on December 10 for RLUSD’s launch has bolstered investor confidence and set the stage for further gains. If Ripple keeps its current trajectory, it could challenge its ATH of $3 and reach new heights, with analysts looking at a target of $5. The combination of strong fundamentals and market momentum makes XRP one to watch closely. SUI Current Price Movements & Future Outlook Sui (SUI) dipped below the 20-day EMA ($4.22) on Dec. 19, but the bears could not break the 50-day SMA ($3.61) support on Dec. 20. The strong bounce off the 50-day SMA signals aggressive buying at lower levels. The bulls tried to resume the uptrend on Dec. 21, but the bears held their ground. Although the rising moving averages indicate an advantage to buyers, the negative divergence on the RSI suggests a weakening momentum. If the price turns up from the current level, the bulls will again try to resume the uptrend. If the $5 level is crossed, the pair may rise to $5.50 and then to $6.50. On the other…

---

Filed under: News - @ December 24, 2024 6:26 pm