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Ripple shows bullish potential with a possible breakout, while DTX Exchange offers 800% returns for early investors.
Ripple has seen incredible volatility lately, but the outlook has generally remained bullish. The XRp price is trading within a symmetrical triangle, which signals a potential breakout soon. The SEC has also acknowledged a spot Ripple ETF (exchange-traded fund), and there is news that approval is in the cards.
In other altcoin news, DTX Exchange continues to make waves as a high investment potential DeFi project that will revamp the current financial trading markets while ensuring generational wealth for its investors. Early investors in the project have already enjoyed a hefty 800% rate of return on their initial investment.
XRP price holds a symmetrical triangle support
The XRP price has declined nearly 10% in the last 3 days, and it has seen a rejection near the upper boundary of a symmetrical triangle pattern. The lower boundary of this triangle offers support for the XRP price, and it could initiate a bounce from here to tackle the $2.72 resistance. Falling below this support could mean dominant bearish momentum for the XRP Price.
Currently, there is a temporary equilibrium between Ripple buyers and sellers. Experts expect the Ripple price to break above resistance to confirm market confidence and pave the way for a retest of the $2.8-$3 resistance zone. If bullish momentum continues, the XRP price could definitely extend toward a new local high of $3.86.
The US Securities and Exchange Commission (SEC) has acknowledged a filing by the Cboe Bx Exchange to list a spot Ripple ETF. With the acknowledgment, the SEC’s review process has been initiated, and there are rumors that the ETF will be approved soon. This will allow retail and institutional investors to gain exposure to the Ripple token without participating in crypto trades. The Ripple ledger will find that the XRP ETF will hopefully help stabilize the XRP price.
The ongoing legal proceedings involving Ripple Labs and the SEC have also not ended and the outcome of these deliberations could significantly impact the XRP price.
DTX Exchange outperforms top altcoins
DTX Exchange is threatening the top altcoins with its performance as an investment. Its utility-based token has grown 800% since the start of its outstanding presale, and even more astounding growth is expected once it lists on mainstream exchanges. DTX Exchange is reshaping the crypto space and traditional finance by solving real-world financial challenges. It will help traders trade fiat assets and crypto derivatives on one seamless platform.
DTX Exchange will offer 120,000 asset pairs like stocks, gold, bonds, forex, ETFs, commodities, NFTs, cryptocurrencies, and tokenized real-world assets. It also supports a digital noncustodial wallet, the Phoenix Wallet, allowing users to safely custody all these assets in one secure place. With the Phoenix Wallet, users can trade and manage a diverse range of assets securely. The Phoenix Wallet has seen over 600,000 downloads, which will grow exponentially once the DTX platform goes mainstream.
DTX users will benefit from crypto anonymity as it has no-KYC policy. Solid Proof has also audited the DTX Exchange. The DTX Exchange platform offers 1000x leverage to its users, which means that, with an investment of $100, they can access liquidity worth 100,000. Not to mention the Rebate Program, where large DTX holders participate in profit sharing to earn a passive income.
Key takeaways
The DTX presale is in its bonus stage because of overwhelming demand. It still draws significant investor interest as early adopters see its potential to challenge established centralized and decentralized exchanges.
The presale has raised almost $15m because of its potential to deliver solutions to essential pain points of traders, and this positions the platform as a leader in the crypto space.
For more information, visit the DTX Exchange presale website and join the online community.
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