Ripple (XRP) is back in the news again amid its ongoing downtrend. Despite its recent price drop to the $2 support level, analysts have forecasted that the altcoin price could touch $3 in the coming weeks.
While they are waiting for the breakout, Cardano (ADA) and DTX Exchange have captured investors’ attention. DTX Exchange (DTX) is a relatively new DeFi coin in the crypto market that has given holders up to 500% returns. Experts are expecting more price growth in the future.
Ripple (XRP) Predicted To Hit $3 As Indicators Remain Bullish
Ripple (XRP) has been on a downtrend since the beginning of December. The cryptocurrency rose to a peak of $2.82 in December before it began to fall gradually. Data from CoinMarketCap shows that the Ripple price dropped to retest the $2 level, losing over 22.9% on the weekly timeframe.
Despite the downtrend, the Ripple coin still has bullish indicators. Its 14-day RSI, for instance, is still in the overbought region which is a bullish signal. Also, the Stoch RSI (14) and Hull Moving Average (9) are flashing buy signals that support an uptrend. Follis predicts the price of the Ripple crypto could rise to $3 soon.
Another analyst called Johnny posted the same prediction of $3. Meanwhile, Donald Trump recently appointed Paul Atkins as the Chairman of the US SEC. Many believe this new regime could put an end to the ongoing Ripple vs. SEC lawsuit.
Cardano (ADA) Loses $1 Level But Analysts Stay Bullish
The price of the Cardano coin has plunged by 24.2% in the weekly timeframe, per CoinMarketCap. The altcoin which many expected to climb to $2 has now fallen below $1. Interestingly, this downtrend that Cardano (ADA) is facing started on December 3 when it met with resistance around the $1.30 range.
However, the daily chart shows the Cardano token has a strong support level at around $0.95. The cryptocurrency has bounced off the level twice. Meanwhile, the latest decline comes after the official X account of the Cardano Foundation was hacked. Looking ahead, bulls could pull the Cardano price above $1 and then aim for $1.2.
Ali Martinez had earlier forecasted the value of ADA could rise to $1.50 based on an ascending triangle. Despite the downtrend, Cardano’s (ADA) Stoch RSI (14) is still in the buying territory, hinting at a potential recovery. Also, the VWMA (10) is displaying a buy sign which is a bullish signal.
Why DTX Exchange (DTX) Will Be the Next Blue-Chip Crypto
The DTX Exchange (DTX) presale is the best crypto ICO in the market today. The DTX Exchange has raised over $10 million, which shows the growing interest from investors. The DTX coin has also been a top performer, rising by 500% to reach its current high of $0.12. One of the reasons why DTX Exchange is on track to become a blue-chip project is because of its multi-asset support.
On DTX Exchange, users can seamlessly trade stocks, options, forex, ETFs, and cryptocurrencies from a single account. Token holders get a lower trading fee which is especially appealing for active traders. Also, the holders of DTX tokens have the right to vote on platform decisions. In addition to its utility features, DTX Exchange has come up with a 3% VIP Rebate System for loyal and high trading volume customers.
This system enables token holders to receive rebates depending on the volume of trade within the platform. The presale success, high token use case, and VIP rebate system give DTX Exchange the potential to become one of the best DeFi projects in the market. It is building a trading platform that will serve all kinds of traders.
In Summary
Ripple (XRP) could pump to $3 in the coming weeks. Meanwhile, DTX Exchange’s bullish forecast has stirred up emotions in the market as investors seek to regain their losses. Moreover, the next wave could just be around the corner.
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