XRP Price Forms Bullish Pattern, DTX Prepares For 2x Debut On Binance

5 months ago 23

After the recent news about the inclusion of Ripple (XRP) in the US Strategic Crypto Reserve, bulls entered the market, causing an increase in buying pressure, which caused the XRP price to soar. Additionally, Ripple’s big win against the SEC lawsuit has sparked bullish sentiment as it has provided a clearer view of the regulatory status of digital assets.

Due to this positive change in the crypto world, emerging projects like the DTX Exchange have also seen a tremendous boost. The DTX Exchange presale has launched a bonus round since it has witnessed a considerable increase in demand from retail investors.

This bonus round offers a last chance to participate in the DTX presale and get the token at an undervalued price of $0.18 before its listing on Binance at $0.36, double the current value. Let’s examine the XRP price action and analyze DTX Exchange’s growth potential to determine which could offer more returns in the next bull run.

The XRP Price Surges As Ripple Is Added To Reserve

Many Ripple holders made remarkable gains in the November 2024 rally, during which the XRP price surged by 480%. After this rally, it faced significant rejection from $2.9 and entered a triangular consolidation due to declined demand. Ripple surged again in January and got close to its All-Time High (ATH) at $3.4, but it reversed before it could cross this level.

The XRP price continued to fall for over a month, reaching the $1.9 support last Friday. On Sunday, demand for Ripple skyrocketed after Trump’s announcement about the Strategic Crypto Reserve, and the price shot up 34%, ending the downtrend. However, the profit booking on the following day caused a deep 18% correction.

AD 4nXclii7k6oRRLDqsVz9B6TaTkceCBgDdNku pcK1CAjtS0VCZS45Orn06rEreAz sTigououaQ73LgCaHqR4tH asdOe1YSto Ik2AAUiIhrcz BcBV0eACT3sGUvZahx4s704 kObeysJvCgpyiDUI?key=zZ7wI 6zyMTcoUgziQB8jY8
Courtesy: CoinMarketCap

At press time, the XRP price is $2.50 after a 6.9% intraday surge. It is trading close to its 100-day SMA and currently facing resistance from it. If bulls regain control and Ripple breaks out from the immediate resistance at $2.54, it may continue with another massive rally and surpass $4, reaching new peaks.

DTX Exchange: The Fastest-Selling Presale Project

While the XRP price shows potential for another significant surge, analysts suggest the DTX Exchange presale can provide better returns. DTX has been the most successful presale of the year, after raising over $15.9 million. Over 850,000 active holders are in anticipation of making a 2x gain by the end of the bonus round.

The primary reason for DTX Exchange’s popularity is that it is the first to bring TradFi and DeFi under the same platform. This hybrid exchange has multi-asset trading functionality, offering over 120,000 financial instruments including stocks, bonds, crypto, forex, and many more.

It provides a hefty 1000x leverage, helping retail traders take up large positions and make enormous profits. DTX also offers advanced tools such as real-time on-chain analytics, trading bots, and social trading to help users gain an edge over conventional investors.

Users can also earn a passive income with the VIP rebate scheme, which offers up to 3% revenue generated by DTX Exchange from trading fees.

Final Thoughts

While Ripple shows potential for continuing the surge, DTX Exchange could be more promising in making bags in this year’s bull run. This early-stage project has explosive growth potential, suggesting it can outshine the XRP price performance.

The DTX presale has provided a 9x return from the stage one price of $0.02. Now, those who missed out are acquiring the token at $0.18 in the bonus round to capture a final surge to $0.36, which will double the current investment.

Find out more information about DTX Exchange (DTX) by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community

Read Entire Article