XRP Faces Unbreakable Sell Wall At $0.60, DOGE Millionaire Recommend to Add New Altcoins Instead
The post XRP Faces Unbreakable Sell Wall At $0.60, DOGE Millionaire Recommend to Add New Altcoins Instead appeared first on Coinpedia Fintech News
Ripple (XRO) is encountering intense selling pressure amid the downtrend, with a large number of sell orders placed around the $0.6 psychological zone. Last week, XRP faced rejection from the same level and decreased by 15%. Meanwhile, DTX Exchange (DTX) displays a strong bullish signal based on analysis from Dogecoin experts. Based on its growth prospects, one of the early investors of Dogecoin has already made a large position in the coin.
Weakness in large caps like Ripple is directing investors towards strong coins with sound fundamentals. DTX Exchange has attracted investors looking for long-term growth opportunities.
Ripple ETF Rumors Spread While Price Tumbles
The crypto community is really excited about the possibility of an XRP ETF being approved. Ripples CEO, Brad Garlinghouse, is convinced that an XRP ETF decision is inevitable, and he demonstrates how the recent Bitcoin ETF greenlights led to a dramatic price surge. An XRP ETF could also be the catalyst that will drive the prices higher, thus making it easier for more institutional players to join the markets.
Nonetheless, Ripples greatest hurdle remains its ongoing skirmish with the SEC. This legal dispute has caused some investors to falter, although Garlinghouse has not swayed in his drive. XRP is trading beneath its short-term moving averages and $0.55 support line. Overstepping these barriers could raise XRP to new levels, with an ETF announcement likely to absorb the vast majority of buyers and heighten the value even more.
Dogecoin Traders Books Profit Off The Rally Shifts DTX For Breakout Play
Dogecoin has been trending with price and volume surges breaking through the crucial resistance zones. After falling to $0.103, Dogecoin drew buyer interest, resulting in a price climb of over 40%. DOGE has entered a consolidation phase, forming a tight flag pattern. The $0.17 level is the major barrier to DOGEs price when looking at long-term prediction. Meanwhile, as in last month and early October, $0.10 has been a constant demand zone.
Recent market trends suggest DOGE buyers from the lower level have taken some profit from the table, moving funds to other technical opportunities. With an undervalued price of $0.08 and a projected listing price of $0.2, DTX provides 150% upside potential for swing traders.
DTX Registers Over 100K Users Under Two Months
The major selling point of DTX Exchange has been its unmatchable approach to the industry; it is the first exchange with a hybrid nature and an execution speed of 0.4 milliseconds. DTX provides an unbeatable system with blockchain technology, which helps users control their privacy and regulate their trading independently. The 100K registration milestone shows that users choose the DTX platform over the traditional exchanges.
DTX recently took a major step forward by launching its Testnet, which showcases the networks capabilities in real-world conditions. Developers have been impressed, praising its strong performance and scalabilityso far, its exceeded expectations across the board.
Early investors in the presale are already enjoying a gain of 300%, and momentum continues as new users join rapidly. DTXs presale success shows its popularity among crypto enthusiasts who value high transaction speed and efficiency.
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