DTX Exchange (DTX) Surges as XRP (XRP) Price Loses Momentum Falls to $2

While investors were waiting for the next swing of the bull market, the sell-off has continued, leading to significant losses. Experts believe this bull cycle’s next leg can start around Christmas.

While investors anticipated the next bull market swing, the sell-off continued, leading to substantial losses. However, experts believe that the next leg of this bull cycle could begin around Christmas.

As the previous leader during the last bull cycle, Ripple (XRP) is being evaluated by crypto enthusiasts for its strength in another rally. Among the large-cap coins, XRP is a candidate for a price surge. But having already experienced its biggest upswing — nearly 500% in the last two months — XRP may still have growth potential, but the momentum will likely differ from the previous rally. In contrast, undervalued potential coins, such as DTX Exchange, are poised to benefit from fresh bull swings.

Being the first hybrid exchange in the Web3 space, DTX Exchange is rapidly increasing its market share. This DeFi platform is positioned to transform traditional finance by bridging the gap with digital assets. With this anticipated leadership in the exchange industry, it makes for a solid altcoin to consider for investment.

XRP Price Loses Momentum, Drops to $2

XRP price has been trading in a range-bound price action for the last 17 days after making a monthly high of $2.90. From the peak, it has dropped 29% and is currently trading around the crucial $2 support. In this range-bound momentum, the 20-period moving average acted as constant support for XRP price; however, the recent decline has seen a breach of this key support.

On weekly charts, Ripple is trading in the negative with a decline of 10.53%; this sell-off can be attributed to the broader market correction and profit booking. XRP price could still reverse direction to the upside, but a solid catalyst is needed to shift the narrative.

In the Ripple SEC case, the SEC acknowledged in August that investors didn't face financial harm due to the violations, and also that Ripple did not commit fraud. A stay in the Ripple case might lead the SEC to drop its appeal, solidifying the ruling on XRP’s Programmatic Sales as a key legal precedent for the U.S. digital asset market. Resolving the case could bring much-needed clarity to the XRP price, which has been weighed down by uncertainty over the SEC’s next steps.

Another development that could impact the XRP price is Ripple’s new dollar-backed stablecoin, RLUSD. Recently launched on several global crypto exchanges, Ripple plans to integrate RLUSD into its payments business next year. This move aims to streamline international transactions for its partner banks and institutional clients.

DTX Exchange Crosses Another Milestone After $10 Million Presale

As the leading emerging DeFi trading platform, DTX Exchange (DTX) is consistently achieving milestone after milestone. Last week, DTX Exchange became the biggest ICO of 2024, with massive demand in presale, reaching the $10 million mark. On Thursday, it created another milestone with DTX Phoenix Wallet, crossing 300,000 wallets. This scalability and rapidly growing user base demonstrates the high demand for the coin.

Due to its hybrid platform and 100,000 TPS, which could revolutionize trading paradigms, DTX Exchange is one of the biggest innovations in the crypto world. For quality standards and security measures, SolidProof, which is among the best audit firms, has inspected DTX Exchange, increasing the platform’s credibility and investors’ confidence.

In the sixth stage, one DTX is priced at just $0.12, surging 500% from the initial price of $0.02. The listing price of the token is fixed at $0.20, which gives current investors a margin of safety. The projected future price of $8 has the potential to generate significant wealth for investors.

For more information on DTX Exchange (DTX), follow the links below:

Buy Presale

Visit DTX Website

Join The DTX Community