The XRP price is set to soar in the current session with the experts revealing market optimism for the XRP token and investors awaiting a spot Ripple approval. While investors are abuzz with excitement for the XRP price surge and Ripple ETF approval, DTX Exchange steals the show with a staggering $13.2 million presale gain. The hybrid exchange could flip Cardano’s market position by replacing it. Though ADA price is also on an ascending path, DTX Exchange’s market frenzy helps it take a lead over Cardano.
XRP Price Analysis: Implications for Spot Ripple ETFs
On Saturday, XRP price gained 0.25%, partially reversing Friday’s 0.61% drop to close at $3.1078. XRP price moved within a tight range of $3.0772 and $3.1420 as investors awaited SEC appeal-related news. Meanwhile, the broader crypto market advanced by 0.12%, taking the total market cap to $3.53 trillion.
The SEC’s appeal strategy in the Ripple case remained the focal point on Saturday, January 25. On Thursday, January 23, the SEC held a closed meeting, likely discussing enforcement actions, including the Ripple case and the much-awaited Ripple ETF approval.
XRP price’s near-term trends hinge on the SEC’s appeal strategy and progress toward a Ripple ETF market. A withdrawal could drive the XRP price above its all-time high of $3.5505. Ripple could break above $4 if the SEC approves pending spot Ripple ETF applications. On the downside, pursuing the appeal and rejecting the spot Ripple ETF applications could drag the XRP price below $2.
ADA Price Analysis: Elliot Wave Predicts Cardano’s Surge To $2
A potential catalyst for the ADA price is that the Cardano network is seeing more developers. Santiment data shows that Cardano had the third-most development activity in the 30 days after Internet Computer and Hedera Hashgraph.
This trend is also evident on DeFi Llama, where developers have made almost 2,000 commits this month, a big increase from the 709 they made in December. This month’s commits are the highest since August last year. Core developers have also jumped to 40, the highest point in almost 3 months.
Cardano has some of the best technicals on the weekly chart. First, the ADA price formed a triple-bottom chart pattern around the $0.215 level. It failed to drop below that level in the last three years. Its neckline was at $0.810, its highest swing in March 2024. Cardano moved above that level in November last year and then retested it, a popular continuation sign.
Second, ADA price has also embarked on an impulse wave of the Elliot Wave Pattern. The first phase ended at $1.327, which coincided with the 38.2% Fibonacci Retracement level. It is now in the second wave, which will be followed by the third one, which is usually the longest. The third phase could push it to $2, which coincides with the 61.8% retracement point. Despite this, Cardano’s market performance seems nothing when compared to DTX’s ascent.
DTX Exchange (DTX) Sees A 700% Price Surge In Ongoing Presale
DTX Exchange (DTX) is a presale star that could change online trading forever. Those who bought into this crypto ICO event early on are now enjoying a 700% return. Since this presale is now in phase eight, more price pumps will come.
Interest in DTX Exchange is sky-high at the moment as it recently launched its hybrid trading platform. On it, traders can buy over 120,000 asset classes that include CFDs, FX, and crypto coins. Plus, transaction speeds as fast as 0.04 seconds and no-sign-up KYC checks have made over 300K users sign up for this platform so far.
The DTX native token will fuel this platform and its ecosystem which includes the Phoenix Wallet – a new secure custody solution for cryptos, stocks, etc. By holding this altcoin, users will get a part of the platform’s trading fee revenue and more. Currently, DTX costs just $0.16, but this price will rise to $0.20 after a Tier-1 crypto exchange like Uniswap lists it soon. This could make DTX one of the best crypto coins for fast returns this quarter.
Key Takeaways
DTX Exchange replaces Cardano as the best investment in this bull run, with the ADA price facing turbulence. The XRP price is expected to soar after the Ripple ETF is approved. Thus, XRP price gains and DTX’s rapid ascent are the talk of the town in this session.
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