Market Cap: $3.1761T 0.670%
Volume(24h): $130.2447B -33.060%
  • Market Cap: $3.1761T 0.670%
  • Volume(24h): $130.2447B -33.060%
  • Fear & Greed Index:
  • Market Cap: $3.1761T 0.670%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$97547.497462 USD

-1.83%

ethereum
ethereum

$2738.851370 USD

0.16%

xrp
xrp

$2.497104 USD

-2.81%

tether
tether

$1.000278 USD

-0.03%

solana
solana

$204.709543 USD

-0.81%

bnb
bnb

$572.155036 USD

-1.67%

usd-coin
usd-coin

$0.999985 USD

0.02%

dogecoin
dogecoin

$0.264189 USD

0.00%

cardano
cardano

$0.745883 USD

-0.73%

tron
tron

$0.224059 USD

1.20%

chainlink
chainlink

$19.509713 USD

-2.88%

sui
sui

$3.575762 USD

5.78%

avalanche
avalanche

$26.584614 USD

0.99%

stellar
stellar

$0.339104 USD

-2.13%

shiba-inu
shiba-inu

$0.000016 USD

5.06%

Cryptocurrency News Articles

What to Expect After the XRP Rally?

Feb 06, 2025 at 02:15 am

The XRP price as of right now has risen 9% to $2.61 in the past 24 hours, according to CoinMarketCap data. This movement seems good, but closer analysis reveals concerns.

What to Expect After the XRP Rally?

XRP price has seen a 9% increment to reach $2.61 in the past 24 hours, as per CoinMarketCap data. While this movement seems promising, a closer look at the chart raises some concerns. Trading volume has seen a significant 41% decrease over the past 24 hours, indicating less buying interest in the market. As an asset's price rises and trading volume decreases, it could suggest a lack of demand, increasing the likelihood of a pullback.

XRP 24-Hours Price Chart, Feb. 4, 2025 | Source: CoinMarketCap

The Balance of Power (BoP) also hints at a bearish scenario. Despite XRP's price increase, the BoP remains stagnant at -0.57, indicating that sellers are still dominating the market. Historically, a negative BoP reading after a strong price rally has often preceded market corrections, which traders should watch out for. Moreover, on-chain metrics reveal that investor sentiment and external factors, such as regulatory clarity and macroeconomic developments, are heavily influencing the XRP price movements. While Donald Trump's proposed tariffs on Canada and Mexico have been temporarily delayed, boosting market confidence, XRP may face renewed selling pressure as the rally fizzles out.

On the technical front, XRP is in a precarious position. If demand remains weak, analysts anticipate a decline towards $2.13, the nearest critical support level. Should XRP break below this level, it could return to $1.48, last touched in November 2024. However, if buying momentum returns, XRP might attempt to reach $2.94, the next resistance level.

As short-term prospects for XRP appear mixed, the token's long-term fundamentals remain strong. The increasing utilization of XRP Ledger (XRPL) for cross-border payments and the institutional interest in spot XRP ETFs suggest that the token is poised for appreciation in the coming years. Crypto analyst Ergag has even projected a potential $70 XRP price. While XRP approaches a potential turning point, investors are also seeking alternatives that offer both short- and long-term potential. One such project is Rexas Finance, a new project that is dominating the asset management industry. With its ongoing presale nearing completion, savvy investors are jumping on this $0.20 coin. Here is why.

Rexas Finance (RXS): Crypto Market Next Big Thing?

Rexas Finance is spearheading real-world asset (RWA) tokenization, a rapidly growing market that is anticipated to reach $16 trillion by 2030. In contrast to XRP, which focuses on facilitating cross-border payments, Rexas Finance is transforming asset ownership by enabling the tokenization of real estate, commodities, and collectibles on the blockchain. This allows users to fractionally own high-value assets, making illiquid markets accessible to the average investor. Through Rexas, people can buy tokenized shares of houses, luxury goods, and rare artwork without having to spend millions on prime real estate, making investing easier, cheaper, more liquid, transparent, and eliminating middlemen.

Complementing its decentralized finance ecosystem, Rexas Finance has integrated various functionalities to support its mission. The Rexas Token Builder makes the process of creating asset-backed tokens seamless for individuals and organizations, while the Rexas QuickMint Bot simplifies the launching and management of tokenized assets via Telegram and Discord.

Another key highlight is Rexas Estate, which combines blockchain with real estate on a grand scale. The platform will enable the tokenization and trading of property-backed digital assets, changing the face of global real estate investment. Additionally, startup owners can utilize the Rexas Launchpad to fund their new projects and gain access to a worldwide audience. Furthermore, security and transparency are at the forefront of Rexas Finance. Investors are protected from exploits through real-time smart contract security audits by the Rexas AI Shield, and the Rexas Treasury automates yield optimization across multiple blockchains to maximize investment returns.

Ongoing RXS Presale: Experts Project a 10,000% Post-Listing Price Surge

The success of Rexas Finance in the presale has been outstanding. The project has raised $45 million and sold 445 million RXS tokens. The token is currently in the final stage of its presale, with each RXS priced at $0.20. The rapid progress of the presale signifies increasing momentum and anticipation for the imminent exchange debut. The Rexas Finance team has also announced that RXS will be listed on at least three major crypto exchanges on June 19. Experts are predicting a significant price spike following the listing, with RXS poised for a 10,000% rally before the year ends. This upside potential, coupled with the growing RWA market trend, positions Rexas Finance to outshine XRP in 2025.

Conclusion: Why Join Rexas Finance Now

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 06, 2025