XRP reached a seven-year high this month after peaking at $2.82 on November 3. The incredible rise also pushed its total market cap above $140 billion, leapfrogging Solana and Tether into the top three. With optimism rising, investors are watching XRP approach its all-time high of $3.40, achieved in 2018. The question is, how close is the top?
XRP: Nearing Its All-Time High
Over the past week, Ripple-linked XRP has risen to $2.82, a level not seen since January 2018. This increase occurred after regulatory conflicts with the SEC were nearing their final days. Experts believe XRP is back on track, rising more than 370% in the previous month, showing that the token’s strong surge is far from over. US politics, including SEC Chair Gary Gensler’s expected resignation and a crypto-friendly administration, have driven the recent spike. Regulatory clarity for Ripple Labs, which makes XRP, has revived interest in the asset. Further, rumors of an XRP exchange-traded fund (ETF) have boosted prices. Top asset managers, including Bitwise, Canary Capitals, 21Shares, and WisdomTree Funds, have filed for an XRP. Analysts believe that both Solana and XRP ETF might see faster acceptance from the SEC as they expect a less rigid approach to crypto regulations in the incoming administration. Also, in recent weeks, wallets possessing 1 million to 10 million XRP coins have bought approximately 679 million XRP worth $1.66 billion. These whales’ actions coincided with a first increase in non-empty XRP wallets to over 5.5 million. Meanwhile, despite the positive on-chain activities, XRP is approaching resistance. If the current momentum continues, analysts expect XRP to surpass $2.85 and retest its ATH of $3.40. How near is XRP’s peak?
How Close Is XRP to Its Top?
As of this report, XRP is trading at $2.41, 28.6% from its 2018 ATH. Investors and analysts wonder if XRP’s climb will endure or peak. Analysts expect XRP to break $2.85 and hit new highs. An XRP breakout above this level might complete the rounded bottom pattern on the chart and take it to $3.57. XRP futures contract open interest is rising, signaling more capital entering the market, helping the price rise. ETF filings and increased investor interest suggest demand will remain strong despite Ripple’s escrow release of 500 million XRP coins. Many are optimistic about XRP’s rise, but investors should expect pullbacks. Though profit-taking and market volatility may affect XRP’s price in the short term, the outlook is bright.
One Crypto to Watch: Rexas Finance (RXS) Presale Nearing New High
Since September 8, Rexas Finance’s presale has been amazing. The project’s fast presale reflects a growing interest in real-world asset (RWA) tokenization. In the ninth stage of the presale, RXS tokens cost $0.125. Through 305 million RXS token sales, Rexas Finance has raised $22.7 million and shows no signs of slowing. The token price has appreciated 316% from its stage 1 price of $0.03. A further gain is expected as the presale nears stage ten.
Rexas Finance, a blockchain platform, permits fractional ownership to democratize access to real estate, commodities, and art. With blockchain technology, Rexas Finance aims to increase asset management liquidity, transparency, and security. It allows both institutional and retail investors to buy shares of high-priced RWAs like real estate, gold, and artworks. A major feature of Rexas Finance is its innovative ecosystem. The platform’s Rexas Token Builder lets non-coders create and launch tokens. Previously excluded individuals, corporations, and initiatives can now engage in tokenization. Rexas Launchpad, a decentralized blockchain application funding channel, supports ecosystem innovation. Meanwhile, RXS holders also earn compound interest on their staked tokens via Rexas Treasury.
Click Here To Buy Rexas Finance (RXS) Presale
For its recent placement on CoinMarketCap and CoinGecko, two of the most popular cryptocurrency tracking services, Rexas Finance has garnered attention. Transparency and investor confidence in the project’s expansion boost its reputation. To ensure security, Rexas Finance underwent a Certik audit, an industry standard. This audit verified Rexas Finance’s smart contracts and platform, reducing vulnerabilities and reassuring regular users and investors. The Certik audit adds trust to Rexas Finance’s security and compliance efforts. Avoiding venture capital funding for a public presale boosts Rexas Finance’s presale performance. Investors resonate with this because it shows the project’s commitment to community-driven growth and decentralization. Without VCs, Rexas Finance can focus on providing a transparent and inclusive platform for ecosystem members. What’s more? Investors have a chance to be among the top 20 participants in Rexas Finance’s ongoing $1 giveaway event and win $50,000 worth of RXS tokens. This strategy attracts investors and boosts project momentum. Once the ongoing presales are completed, RXS will list on at least 3 of the tier-1 crypto exchanges globally at $0.20. Such listings have a history of boosting coin price and market cap, with experts tipping RXS for a 5000% gain. Still selling for $0.125, the ongoing presale offers the perfect entry point into the next big thing in the crypto market.
Conclusion
XRP’s unexpected rise to a seven-year high has revived investors’ interest as it looks to break its record high soon. Although bullish, investors should be mindful of market corrections. Meanwhile, Rexas Finance’s presale has raised over $22 million in a record time and offers a unique RWA tokenization option. As its mega exchange listings near, Rexas Finance attracts investors looking to join a groundbreaking blockchain and cryptocurrency project.
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