The crypto bull market has faced a halt over the last few weeks, causing the prices of top altcoins to plunge. Ripple (XRP) and Dogecoin (DOGE) are two altcoins that have been faced with strong bearish pressure. The XRP price has failed to break above the $2.5 resistance level over the last few weeks.
Similarly, the Dogecoin price has continued to trade under $0.30 despite Dogecoin ETF filings. The bearish outlook of these altcoins has pushed investors to DTX Exchange (DTX), a new altcoin that has pumped by 700%. With the growing momentum, experts believe that DTX could surge to $1 in the coming weeks.
Ripple (XRP) Remains in Consolidation Despite Growing Momentum
On February 1, the XRP price dropped from its monthly high of $3.1 to briefly trade as low as $1.8. While the XRP price has recovered back above the $2 support level, CoinMarketCap’s data shows the altcoin price remains under the key resistance level of $2.50.
The crypto analyst CoinVo has shared a concerning outlook for Ripple (XRP). According to CoinVo, the altcoin has formed a bearish RSI divergence on the 1W XRP price chart. Forming a bearish divergence could see the XRP price continue its decline over the next few weeks. If this trend plays out, the XRP price could drop under $2 once again.
On the flip side, a change in trend in the broader crypto market could cause the XRP price to break out of its current bearish outlook. Also, there is some recent Ripple news that could spark a trend change. Reports show increasing momentum with institutional interest rising as well. In addition, the Ripple RLUSD stablecoin has hit several milestones since its launch, driven by regulatory changes.
Dogecoin Price Remains Bearish Despite “DOGE Season”
The leading memecoin hasn’t been spared from the recent decline. In the 30D timeframe, the Dogecoin price has lost more than 22% of its value. As a result of the decline, the Dogecoin price has remained under the $0.300 resistance. Despite the current bearish outlook, analysts believe that the Dogecoin price is primed for a major breakout.
Trader Tardigrade has said that we are in the middle of another $DOGE season. About a month ago, HolaItsAk47 shared the same sentiment and now shares that the “conviction keeps getting stronger,” suggesting that a Dogecoin price rally is around the corner. Based on the Dogecoin price shared by Trader Tardigrade, the memecoin could trade as high as $2.2 at the peak of this $DOGE season.
DTX Exchange (DTX) Defies Bearish Trend With 700% Pump
Despite the crypto market decline, DTX Exchange (DTX) has continued to soar. Over the last few weeks, the DTX coin has surged by 700% to reach $0.16, outperforming the top crypto coins. As a result of the recent pump, DTX Exchange has onboarded over 600,000 investors while raising more than $13.8 in presale funding.
DTX Exchange has managed this feat because it is transforming the crypto trading space with its unique hybrid exchange. DTX Exchange is the first crypto trading platform that offers traders multiple asset classes. Traders can access over 120,000 assets ranging from cryptocurrencies, stocks, forex, commodities, ETFs, and bonds. DTX makes it easy for crypto traders to expand and maximize their portfolios.
Crypto traders can also make huge profits from DTX with very high leverage reaching up to 1000x. The platform is also non-custodial trading, allowing traders to regain full control over assets, and does not hold users’ private keys. DXT Exchange enables traders to accomplish their objectives through real-time data analytics and customizable bots that are included among its advanced trading tools.
The Best Crypto To Buy Now: XRP, DOGE, or DTX?
Given that the Dogecoin and XRP price movements have been predominantly bearish while DTX shines, it is the best crypto you can buy. In addition, as a one-of-a-kind project, experts believe the adoption of DTX Exchange will only keep rising. As it does, experts believe that DTX can surge above $1 in this quarter.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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