Ripple (XRO) is experiencing intense selling pressure during the downtrend, with a large number of sell orders placed around the $0.6 psychological zone. Last week, XRP was rejected at the same level and fell 15%. In the meantime, DTX Exchange (DTX) shows a strong bullish signal based on analysis from Dogecoin experts. Based on its growth prospects, one of Dogecoin’s earliest investors has already taken a large position in the coin.
The weakness in large caps like Ripple is leading investors to strong coins with healthy fundamentals. DTX Exchange has attracted investors looking for long-term growth opportunities.
Ripple ETF Rumors Spread as Price Plummets
The crypto community is very excited about the possibility of an XRP ETF being approved. Ripple CEO Brad Garlinghouse is convinced that a XRP An ETF decision is ‘inevitable’, and he shows how the recent approval of the Bitcoin ETF has led to a dramatic price increase. An XRP ETF could also be the catalyst that will push prices higher, making it easier for more institutional players to enter the markets.
Nevertheless, Ripple’s biggest hurdle remains its ongoing skirmish with the SEC. This legal dispute has caused some investors to waver, although Garlinghouse has not wavered. XRP is trading below the short-term moving averages and the $0.55 support line. Breaking these barriers could take XRP to a new level, with an ETF announcement likely to absorb the vast majority of buyers and boost its value even further.
Dogecoin Traders books benefit from the Rally Shifts DTX for Breakout Play
Dogecoin is trending, with price and volume increases breaking through the crucial resistance zones. After falling to $0.103, Dogecoin attracted the interest of buyers, resulting in a price increase of more than 40%. DOGE has entered a consolidation phase and is forming a tight flag pattern. The $0.17 level is the biggest barrier for DOGE’s price when looking at long-term forecasts. Meanwhile, like last month and early October, $0.10 was a steady demand zone.
Recent market trends suggest that lower-tier DOGE buyers have taken some profits off the table, shifting funds to other technical options. With an undervalued price of $0.08 and an expected listing price of $0.2, DTX offers 150% upside potential for swing traders.
DTX registers more than 100,000 users within two months
DTX Exchange’s main selling point is its unparalleled approach to the industry; it is the first exchange with a hybrid nature and an execution speed of 0.4 milliseconds. DTX offers an unbeatable system with blockchain technology, which allows users to control their privacy and regulate their trading independently. The milestone of 100,000 registrations shows that users prefer the DTX platform over traditional exchanges.
DTX recently took a big step forward by launching its Testnet, which demonstrates the network’s capabilities in real-world conditions. Developers are impressed and praise its strong performance and scalability. So far it has exceeded expectations across the board.
Early pre-sale investors are already enjoying a 300% gain, and the momentum continues as new users join rapidly. DTX’s pre-sale success shows its popularity among crypto enthusiasts who value high transaction speed and efficiency.
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