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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected
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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected

3 Giant Whales Who Recently Exited Their Ripple (XRP) Positions Are Back, Spotted Buying Rival Coin Under $0.08

Bitcoinist
by Bitcoinist
Last Updated: October 2, 2024 6:20 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

While the market continues reacting to the developments surrounding these releases, several large investors known as ‘whales’ have made their moves. Three giant whales, who just recently exited their Ripple (XRP) positions after profiting, are however back in the market, this time around targeting a new token Rexas Finance (RXS), which is currently valued below $0.08.

Ripple’s Struggles and Investor Pessimism

Ripple (XRP), which was quite popular in the past, has been losing the faith of investors over time. Particularly in the last couple of months, XRP has revealed weak activity inside a falling trend which makes many investors more inclined to pessimism. Such pricing movement has been subdued, with the corresponding support at $0.49 and resistance at $0.65, thus, the outlook appears to be negative for the period under regard. It has been evident how Ripple has fared in the crypto market over the past few months. The token is on a downward trend and there has been continued downward tendency which means that there is still little confidence from the investors. As much as XRP remains in the set channel, the general temperature of the token indicates that it will not grow much in the medium period. As a result, major investors have begun to distance themselves from Ripple, with three prominent whales exiting their positions after taking profits.

Click Here To Buy Rexas Finance (RXS) Presale

Rexas Finance (RXS): The New XRP Rival

Rexas Finance (RXS) has managed to garner considerable investor interest recently and positioning itself as an alternative to investors, particularly those that want to move away from low-investment return assets like Ripple. The token calculated at the moment to be less than $0.08 has always fascinated the investor’s eyes specifically the three whales who had already invested in Ripple earlier. Rexas Finance’s idea has not only made the process of real estate investment available to everyone; it has also added a level of efficiency and availability that was previously unreal. Individuals have been able to invest in real estate projects, as most of the hard work associated with property purchases is unnecessary. Real estate investments have recently made things easy, RXS has thus captured major attention with bull patterns depicting early signs in the token.

The Bullish Case for Rexas Finance (RXS)

The presale of Rexas Finance was quite a bustle, raising more than $1,650,000 so far RXS stage 3 is currently in the token price of $0.05 and is running out. Such a pace achieved in the presale has caused more and more investors to think that RXS is gearing up for a monster breakout. Such high and optimistic projections by the end of 2025 suggest that the token might increase by 75x and this opportunity has not escaped the notice of the market participants. The whales that sold their ripple positions seem to be part of the whale class that understood the potential of Rexas Finance. Investing again in RXS at a period when the presale is getting warm and traction is gained, their faith in the prospects of the token is very high.

What Does This Mean for Ripple?

The movement of these three whales from Ripple to Rexas Finance speaks to the present conditions of affairs within the crypto market. Ripple, which used to be one of the most promising solutions within the world of cryptocurrencies, is now being pressed by newer projects, such as Rexas Finance. Given the current situation and Ripple’s forecasts in the long run, more and more investors are trying to search somewhere else for good profit.

Conclusion

Although Ripple (XRP) remains within the descending trend channel, Rexas Finance (RXS) appears to be a more active and attractive fight against this trend. RXS is rapidly establishing itself as a true competitor to Ripple with a strong ambition to disrupt the real estate market as well as an oversubscribed presale. The closure by these three behemoth whales to back RXS points to a change in attitude in the cryptocurrency space, and could point to a future trend of investors moving away from XRP to relatively new and innovative projects. Don’t miss out on these Whales market entries.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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