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Cryptocurrency News Articles
Cardano and Ripple Tokens Wobble, While DTX Exchange Presale Tops $14.8M
Feb 21, 2025 at 02:00 am
Ripple price has struggled to hold above the 50-day simple moving averages and has reversed to lower levels to around the $2.50 level. This is right in the middle of the $2.00 and $3.00 range, reflecting the bullish or bearish sentiment. Similarly, the Cardano price pulled back below the $0.80 level, raising questions about whether it could reclaim the $1 psychological level.
Ripple and Cardano prices have stalled within key price ranges as both tokens continue to face resistance at critical technical levels.
While both crypto assets have seen some price movements, they largely remain within a holding pattern, impacting investor sentiment and shifting attention toward other opportunities in the market.
Ripple Price Stalls at 50-Day SMA, XRP Bulls Eye $3 Again
The Ripple price has seen a slight uptick in the past week, fueled by increased whale activity and growing optimism surrounding regulatory clarity in the U.S. The anticipated approval of exchange-traded funds (ETFs) and integration of real-world assets (RWA) into the XRP ledger have contributed to its bullish sentiments. However, the Ripple price has continued to trade within a confined range between $2.00 to $3.00.
Notably, the XRP bulls have attempted to break out of that range to propel its value to its all-time high. However, the resistance at the 50-day simple moving average (SMA) has proved too strong, leading to a downturn in the past few days.
The decline has accelerated, raising concerns about whether the Ripple price could revisit the $2 level before testing $3 again. While these regulatory shifts could theoretically be bullish for the Ripple price, the altcoin hasn’t yet reflected this optimism. Instead, XRP Bears have maintained control over the market, with the downtrend gaining momentum.
As XRP investors closely watch whether Ripple price could find support near $2 or if bullish momentum could drive a recovery toward $3 and beyond, many traders are shifting attention elsewhere.
Cardano Price Might Hit $0.92 by February End
Cardano’s price has been tumbling rapidly, and critical support levels are being tested. It has recorded lower highs and lower lows since its bullish rally in November.
The last significant Cardano price drop happened in January when the altcoin peaked at $1.13 before a sharp drop toward the $0.845 level. From there, the Cardano price failed to recover, and the overall market sentiment for the ADA token has been pointing toward the bearish side.
Notably, the decline in the Cardano price has brought its value closer to the $0.68 level, which has become critical support for the crypto asset. A breach below this level could suggest the downside pressure for ADA coin, potentially pulling back its value towards the $0.60 range in the coming weeks.
ADA traders are now focusing on critical price levels that will determine the next move for the crypto. However, some investors are shifting to more promising altcoins like DTX, which have high growth potential.
According to a recent analysis, the Cardano price could increase by more than 19% and reach $0.92 by the end of 2025. If the Cardano price could stabilize within this range, it may form a temporary consolidation. Conversely, if the Cardano price fails to hold gains above the $0.68 level, it could further its downside. The $0.74 and $0.59 levels are key levels where significant price action has occurred. They are considered high-volume nodes, which suggests they could act as vital areas of support or resistance.
DTX Exchange Presale Enters Bonus Stage at $0.18
The instantaneous success of DTX Exchange presale has revealed shifting priorities among crypto stakeholders. Most traders are shifting their focus away from most altcoins relying on speculation and shifting to promising tokens with real-world use cases. The project has already delivered an 800% return for early investors.
After selling out its presale, DTX entered a bonus round due to heightened demand. This gives traders one last chance to buy at $0.18 before listing.
Its hybrid model, combining decentralized and traditional finance tools, could redefine how traders interact with markets. Industry observers have suggested that DTX’s low market cap status and 1000x leverage feature have positioned the newcomer as a compelling alternative.
Unlike most tokens, where crypto whales control most of the supply, DTX has created an even playing field, enabling all kinds of investors to benefit from the project’s rise.
With an expected price surge to $0.20 upon listing, traders who enter now still have a chance for immediate upside once it goes live. Beyond its price metrics, DTX has delivered on its promises. The Phoenix Wallet went live, and the layer-1 blockchain, VulcanX testnet is also operational. Even more interesting, it has been listed on the CoinMarketCap. All these have occurred before its launch, proving the DTX Exchange isn’t just hype.
DTX Exchange Attracts ADA, XRP Investors as Prices Stall
As the Cardano and Ripple prices remain unstable, investors are shifting to projects blending innovation with practical use cases. The $14.80 million presale success of DTX indicates traders are moving
Disclaimer:info@kdj.com
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