Ripple (XRP) is suffering from bearish sentiments due to the correction in the cryptocurrency market. Traders are waiting for the XRP price bottom, so a new rally could reduce the strain on their portfolios. Though Ripple has performed impressively in the past, the emerging DeFi – DTX Exchange can outpace it as analysts predict a 200x price rise.
The platform has generated headlines in the crypto world, with its revolutionary platform bridging the gap between conventional and digital finance. The DTX presale has readily generated $10.5 million and is available on CoinMarketCap for price tracking transparency.
Not every coin performs in every bull swing. So, it is possible that the XRP price may be in a trading range bound for 2025. However, small-cap altcoins like DTX Exchange are performing better with an up-trending price trajectory.
XRP Price Declines 17% Intraday; What’s the Next Major Support?
The XRP price saw another bloodbath day, dropping nearly 17% in the last 24 hours. After a bearish breakdown of the pennant triangle pattern, the XRP price signaled bears’ dominance. It is the biggest drop since the start of the rally in November. On the Fibonacci retracement from the November low to the recent high, Ripple has dropped to $0.382, describing a significant correction in the price.
The first half of December has been a rollercoaster for Ripple’s XRP, but it started strong. At the beginning of the month, the XRP price soared past a high of $2.90 and held steady above $2.30 early this week. However, the price dropped sharply on Wednesday, dropping below $2.30 and continuing to slide to under $2.
Despite this steep drop, many analysts remain confident about the XRP price’s bullish potential. Popular analyst Peter claims that the recent dip is at the local bottom and predicts a possible surge in the coming weeks. Still, he suggests being cautious about further decline. In the short term, the immediate support level is between $1.85 and $1.90. If this level fails, the next support is around $1.70.
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Presale Sensation DTX Exchange Roars with $10.45 Million in Round 6
The DTX Exchange’s presale round has 85% completed, raising nearly $10.50 million. As this presale stage is approaching its end, demand has skyrocketed. DTX has raised over $750,000 from the Ripple whales in the last two days. DTX Exchange DTX follows a revolutionary approach to trading that is creating waves in the investor community.
It is the only exchange that offers forex, stocks, crypto, and CFDs on a single unified platform with life-changing features like 1,000x leverage. This platform’s primary goal is to improve and enhance trading methods with high-speed blockchain and cutting-edge technology.
Community and security have been the main focus in developing DTX Exchange platforms. It provides many programs for community members to generate passive income. Also, features like staking add an advantage for a conservative investor as it is a low-risk investment with up to 42% APY.
Conclusion
Ripple has experienced a sharp downtrend in the last three days and has yet to form a bottom for reversal. Once it hits major exchanges, analysts think that DTX Exchange (DTX) can replicate Ripple’s remarkable gains. DTX seems poised to surge 200X and provide insane ROI for investors.
Find out more information about DTX Exchange (DTX) by visiting the links below:
