Amid the broad market rally, XRP’s price has rallied 30% in the past week following increased buying pressure among whales. This steady ascent has fueled fresh momentum towards the $2.58 level if the XRP token breaks above a critical channel it has been trading within in the past week after a recent sideways movement near the $1.35 level.
On the other hand, Lunex Network (LNEX) continues to pick up steam due to its recent developments. Notably, the project has an ongoing $500K giveaway, giving 80 lucky community members the chance to win life-changing cash prizes. Meanwhile, its presale has raised over $3.6 million as investors anticipate more gains.
Lunex Network Price Surge Attracts Investors
Lunex Network poses all the signs of an industry disruptor. For starters, the project will allow for easy swapping of over 50K assets across 40+ blockchains at a lower rate, a move that has seen the project attract global investors as its presale revenue hits the over $3.5M mark, targeting over $4M by mid-December.
This multi-currency staking mechanism offers returns that surpass those in traditional debt markets. Unlike conventional financial systems, DeFi protocols offer flexible lending terms and durations, allowing users to maximize their assets’ utility perfectly. The Lunex platform, therefore, ensures that all investors minimize their capital by offering the best staking rates and durations for their holdings.
Given its strategic positioning and innovative offerings, Lunex Network is set to redefine how institutions will interact with the crypto market. Through its advanced DeFi tools and superior accessibility, the platform has created a framework for institutional traders to thrive within the evolving blockchain ecosystem. This has also seen the LNEX token surge to $0.0033.
XRP Price Targets Its Three-Year Resistance Level
The XRP token has seen an uptrend after Donald Trump won the U.S. election. Since then, the token has stretched its monthly gains above 179%. Thanks to its trading activity and investor confidence, XRP’s price is pushing its value towards near the $0.50 level. The recent breakout highlights that traders are confident there is more room for upside.
While XRP experiences an upswing, its trading volume is a little weak, which might make the momentum less dramatic than anticipated. Its technical indicators highlight that the altcoin has recovered support above the $1.40 level, which will be a solid foundation for its upcoming bull run. Previously, the token encountered selling pressure at the $1.70 level.
This is the next significant resistance level. XRP bulls are probably targeting new highs around the $2.00 psychological level. A high-volume move above the upper trendline resistance of its key channel will see the XRP coin surge above its three-year resistance of $1.96 to a high of $2.58. However, a move below the lower trendline of this channel could spark a 30% decline to $0.93.
Will LNEX Follow the XRP Price Movement?
Ripple has been enjoying significant price performance and recording new highs. Similarly, Lunex Network is also looking to mirror such movements, with the next target being $0.0038, which will represent an over 216% rally. Its ongoing $500K will attract more investors looking to win the grand prize.
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
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