Ripple Price Rallies, New Coin Takes Front Seat As Interest in Memecoins Like Dogecoin Wane
Ripple (XRP) shows positive movement after a breakout from an ascending triangle. Analysts say the altcoin could soar to $3 if the uptrend continues. Meanwhile, investors are seeking practical projects as top memecoins like Dogecoin fade from the spotlight.
This innovative DeFi platform, DTX Exchange (DTX), has caught their attention through its revolutionary TradFi+DeFi model that provides users with an opportunity to trade stocks, forex, and cryptocurrencies in one place. DTX has increased in value by 800%, making it the ideal investment for traders who want to grow their portfolios.
Ripple (XRP) Price Rallies As Whales Buy 150M XRP
According to Ali Martinez, the XRP price has broken out of an ascending triangle on the lower timeframes. CoinMarketCap data shows the XRP price has risen by 10.0% on the weekly timeframe and 14.2% on the biweekly level. The recent price surge comes after whale accumulation resumed.
Santiment data indicates that whales have accumulated over 150 million XRP in the last 48 hours. Moreover, the potential of a Ripple ETF approval remains very high in 2025. Polymarkets odds of approval stand at 75%. Looking ahead, XRP price prediction from analysts is bullish. Niels says the XRP price might rise to $3.5 in the coming months.
If successful, the XRP price could climb higher in the coming months. Based on technical analysis, the sentiment surrounding the XRP price is bearish. The relative strength index is below the midline, which shows that the XRP price is under selling pressure. Also, the Fear and Greed Index flashes fear, signifying poor interest from investors.
Dogecoin (DOGE) Eyes Potential Breakout From Falling Channel
Bitcoin Meraklsi, a crypto enthusiast, has weighed in on DOGE price movement in the coming weeks. According to him, the DOGE price has been trading in a downward channel that has been visible since November. If an uptrend should occur, the analyst says the DOGE price would target the upper part of the channel, which corresponds with the $0.4 resistance.
If the DOGE price breaks out of the channel, the memecoins value might rally to $0.71. While this Dogecoin price prediction seems bullish, Bitcoin Meraklsi told his followers to exercise patience, as this might take time. In the meantime, the DOGE price has fallen by 2.8% and 26.0% on the weekly and monthly timeframes.
Per CoinMarketCap, the DOGE price has been consolidating between $0.2437 and $0.2836 on the weekly level. The Dogecoin crypto has been attempting to break out of this range but has failed. More buyers would have to enter the market to kickstart a DOGE price rally.
DTX Exchange (DTX) VulcanX Blockchain Outperforms Top Exchanges
DTX Exchange (DTX) is a modern platform that mixes the features of centralized and decentralized trading, which will be suitable for traders. At its center is VulcanX, a Layer-1 hybrid blockchain that solves most of the problems associated with both public and private blockchains. In the testnet phase, the VulcanX has demonstrated a high processing speed of more than 200,000 TPS, which puts it in the category of high-speed players in the blockchain market.
The trading platform also offers more than 120,000 asset classes including forex, metals, cryptocurrencies, stocks, CFDs, and ETFs to help traders diversify their portfolios. This vast list is suitable for both the new investor and the professional trader since they can easily switch from one market to another and try out different opportunities.
DTX Exchange has already managed to attract more than $14.8 million during the presale stage, which proves the interest of investors. Also, the DTX token price has reached $0.18 in the ninth stage. Based on the features above, DTX Exchange is perfect for active traders who need a flexible and smooth trading experience.
The Next DeFi Project Poised For Growth
While the era of memecoins could be coming to an end, new DeFi projects like DTX Exchange are taking over the market. With its current presale figures, DTX might be the next big thing after Bitcoin. Those who want to join the next badge of crypto millionaires can look forward to DTX Exchange.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Text source: TronWeekly
