Macro Turns Bearish For XRP After Negative FOMC Outcome, But DTX Exchange Price Could Pump 440% On Christmas
Ripple has shown a massive bullish trajectory in the recent bull run; however, the XRP token has taken a bearish turn recently. This happened as the macros turned bearish for the Ripple network after a negative FOMC.
On the contrary, DTX Exchange emerges as the rising star in the DeFi space, with its presale grabbing huge attention. DTXs trajectory remains untouched with unwavering support from its community.
Ripple's XRP Struggles Near $2.40 Resistance
Ripple (XRP) is down by 5% after sustaining nearly $26 million in liquidations in the past 24 hours, per Coinglass data. The total amount of liquidated long positions accounted for $12.74 million, and short liquidations reached $13.22 million.
XRP continued validating a flag pattern after testing the resistance level near $2.40. The remittance-based token has established the upper boundary of the flag channel as a key support level. The current session witnesses a major slump in Ripples price actions.
If XRP manages to overcome the resistance level at $2.40 and $2.58 with a high volume move, it could smash its all-time high resistance and rally to $4.75. The Relative Strength Index (RSI) and Stochastic Oscillator are near their overbought regions, indicating prices are getting overheated.
The Ripple token- XRP- is currently witnessing a major downtrend, with bears taking hold of the daily price actions. The Ripple coin started the day at $2.51 and then started slumping down, reaching the current trading value of $2.38 with a huge red candle dominating the daily chart.
DTX Exchange Brings Massive Utility And Fairness To A Needy Market
DTX Exchange is a new trading platform that is set to launch soon. It aims to bring fairness and utility to a deprived market with a fair launch system in place. Namely, most new projects are typically backed by whales and VCs.
This allows whales and VCs to get in very early, right before everyone else does. Also, it enables them to destroy the project when they sell for a profit. So, in this case, everyone but regular investors will make money.
DTX Exchange is the exact opposite. It has an incremental price system in place. This allows everyone to get an equal opportunity to invest. Also, DTX Exchange isnt backed by VCs and whales. Furthermore, the incremental system will make sure DTXs price rises steadily throughout its lifetime. So, no one can nuke the price even if they want to!
Such a fair launch hasnt been seen for a while in the market. So, its no wonder why so many investors are excited about this project. But thats not all. DTX Exchange also brings incredible utility that will be very beneficial to investors.
Namely, it allows the trade of many different assets with huge leverage. This will help make massive profits with all trades. Also, DTX Exchange makes asset management much easier than it is now. This is possible through its Phoenix Wallet. It gives a unified view of everything. So, traders can manage everything with a few taps on the screen.
Whats more, DTX Exchange brings unprecedented speeds. Namely, the VulcanX blockchain provides you with 100,000 TPS! This is a massive increase from Solanas 600 TPS!
The DTX Presale: A Gateway to Financial Freedom!
Investing in a project like DTX early is a once-in-a-lifetime opportunity. And you have it now! Thats because DTX is currently in Stage 6 of its presale. At this stage, you can buy your DTX tokens for $0.12. This price will increase steadily, reaching $0.20 at launch.
So far, the DTX presale has raised over $10.42 million! It has attracted more than 300,000 wallets, which shows that the distribution is more than fair. Once DTX launches, experts see it embarking on a massive rally. The rally will be fueled by the altcoin season and DTXs huge utility. With that in mind, experts see DTXs price rising by 100x in just a few months!
Key Takeaways
With a consistent struggle to surpass a key resistance level, Ripple is under bearish control as XRP is slumping on the daily charts. DTX Exchange grabs the limelight with its massive presale raise and unique features.
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Text source: Crypto Daily™
