XRP is one of the most promising cryptocurrencies, and Ripple has gained much attention as it will be part of the US national crypto reserve. The XRP price responded to this news by leaping 40% on Sunday and returning unexpectedly to near-2 levels yesterday. The XRP price plummeted, perhaps because there are doubts about the reserve coming to fruition.
The declining XRP price shows how crypto tokens and other volatile assets typically behave. Investors seeking stability are shifting their capital to tokens backed by real-world utility like DTX Exchange. This DeFi project is attracting attention for its innovative hybrid trading platform, offering users over 120,000 different fiat and crypto assets.
XRP Price Falls and Ripple Loses Position as 3rd Most Valuable Crypto Asset
Ripple is now valued at $137 billion after losing 9% of its value. Many analysts claim the drop in the XRP price can be attributed to President Trump’s tariffs on China, Canada, and Mexico. This saw significant liquidation in the derivatives market, followed by a sharp decline in the XRP price, showing that the Ripple token is facing intense selling pressure.
The XRP price has failed to maintain psychological support at $2.4 and is trading around $2.35 at the time of writing. If the slump continues, the next target for the Ripple price is $1.8, and then it will find support at $1.5. If the bearish pressure eases, Ripple must turn resistance at $2.5 to support so the bulls can help bounce the price to $3.
A Ripple ETF would surely turn things around. After its legal victory against the SEC, regulatory certainty would be endorsed if the SEC approves a Ripple ETF soon. This would help improve institutional and retail investment as many could gain exposure to the Ripple token without participating in the crypto trade.
DTX Viral Presale to Outpace Top Altcoins after $15M Funding
DTX is making waves for its mission to transform the trillion-dollar trading markets through blockchain tech. Its non-custodial model will allow users to retain control of their assets. Their funds will be stored in their crypto wallets, minimizing the risk associated with centralized custody solutions.
DTX Exchange will also allow users to trade directly from their wallets. They will not need bank accounts, and this approach will remove barriers to entry for the unbanked population and those with limited access to formal banking systems. DTX promotes financial inclusion and aims to empower millions by giving them the tools to participate in the global economy.
It builds real utility into its platform by leveraging chain analytics and trading signals and incorporating social trading and copy trading features. With DTX, traders can access advanced trading tools like trading bots and portfolio management tools to help them make data-driven decisions.
Key Takeaways
While the XRP price continues its downtrend, DTX Exchange is making news for its potential listing price almost doubling. This means that even if you participate in the presale at this late stage, you stand to make worthwhile profits from a DeFi project with solid fundamentals and a roadmap that will ensure long-term success.
DTX is the best crypto token to buy this year. Given its incredible use case, it is primed for success. Once the token is listed, a 100% profit is guaranteed, and experts are confident that the road from $0.36 to $1 will be short and hurdle-free.
To know more about the DTX Exchange ecosystem, check out:
