Rexas Finance (RXS) Outpaces Cardano and Ripple, Turning Heads with a 580% Presale Surge

The crypto market buzzes with debates over Cardano (ADA) and Ripple (XRP), both eyeing a $7 price target.

The crypto market is abuzz with discussion regarding Cardano (ADA) and Ripple (XRP), both aiming for a $7 price target.

According to a report by Benzinga, analysts are keeping a close eye on ADA, which might be forming an inverse head-and-shoulders pattern on the four-hour chart. This pattern could lead to a 153% rally from the cycle low of $0.50 towards $7.10.

However, recent activity from large Cardano holders, or whales, could be a setback for the bulls. Data from blockchain analytics firm, Chainmonsters, shows that major Cardano whales have been dumping ADA over the past few months. For instance, in March alone, they unloaded 280 million ADA, which might have contributed to the token’s price drops.

Moreover, despite a 170% surge in Google searches for "Cardano price prediction" following the year’s beginning, interest in the token has declined alongside ADA’s March decline. This suggests that while there’s interest in Cardano, it might not be enough to support a strong and sustained rally.

On the other hand, Ripple’s XRP is facing a bearish head-and-shoulders setup on the seven-day chart, as per Brant Elliott, a market analyst known as "Brandt P.,” on X (formerly Twitter).

A breakdown of the neckline support at $1.90 could open the door for a continuation of the recent bearish trend, potentially leading to a drop towards $1.07, the report highlights.

However, if the bulls manage to push the price above the key resistance level at $3, it could invalidate the bearish pattern and set the stage for a rally towards the Fib 1.618 extension level at around $15.

Despite the recent price decline, XRP is still trading above the 200-week simple moving average (SMA) at $1.04, a level that bulls might use as support.

But, in the context of the 20-day EMA at $2.36, which serves as a short-term average, XRP is trading below this level, indicating weak upward momentum.

As Ripple continues to battle the U.S. Securities and Exchange Commission (SEC) in court, investors are juggling high volatility and legal uncertainty. For risk-averse investors, this combination might be less appealing, especially when compared to other cryptocurrencies that offer lower volatility and less legal risk.

As XRP approaches a crucial moment of reckoning, it remains to be seen whether the bulls can manage to claim the $3 level and salvage the situation, or if the bears will ultimately prevail, pushing the price towards the Fib 0.382 level at $1.07.

However, a third crypto contender is now entering the scene, garnering attention with its unique use case and presale success.

Rexas Finance (RXS) is a cryptocurrency that aims to tokenize real-world assets, merging the trillions in global assets with the efficiency of blockchain technology.

Available for purchase at $0.20 in its final presale stage ahead of a planned launch price of $0.25, Rexas is already being touted by experts as a token that could soar to $10 or more after it hits exchanges.

Here’s a closer look at why Rexas Finance is dominating the conversation.

Cardano’s Path To $7 Faces Hurdles As Interest Spikes 170%

The report highlights that Cardano’s potential rally depends on breaking the $2 resistance. Analysts are keeping an eye on a bullish inverse head-and-shoulders pattern forming on the four-hour chart.

This pattern, if completed, could lead to a 153% rally from the cycle low of $0.50 towards $7.10. However, recent activity from large Cardano holders, or whales, might be a setback for the bulls.

According to Chainmonsters, major Cardano whales have been dumping ADA over the past few months. For instance, in March alone, they unloaded 280 million ADA, which might have contributed to the token’s price drops.

Moreover, despite a 170% surge in Google searches for "Cardano price prediction" following the year’s beginning, interest in the token has declined alongside ADA’s March decline. This suggests that while there’s interest in Cardano, it might not be enough to support a strong and sustained rally.

XRP Teeters At $2, Facing Make-Or-Break Moment

According to the report, Ripple’s XRP is currently trading at $2.16, pressured by a bearish head-and-shoulder setup on the seven-day chart.

A breakdown of the neckline support at $1.90 could open