XRP Price Prediction: XRP’s DEX Hits $17M Daily Volume – Could This Push XRP Finally to $20?

Ripple (XRP) has been stealing the spotlight in recent months, captivating the crypto world with its wild and unpredictable market swings.

Just a month ago, it hit a staggering $17 million in daily trading volume – a record that ignited speculation: could XRP soar to $20 this year? Though volumes have since eased amid a broader market dip, analysts remain bullish, fueling ongoing excitement.

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At the same time, the new PlutoChain ($PLUTO) might create significant buzz thanks to its hybrid Layer-2 solution that could expand Bitcoin’s capabilities and case uses.

Let’s check out the details.

XRP’s Potential for $20 Analyzed – Deep Dive Into This Bullish Prediction

Ripple (XRP) remains a focal point in crypto discussions, with analysts debating its potential to surge to $20.

Currently trading at $2.67, the token has stabilized after peaking at $3.40 in mid-January. The recent pullback has led to a consolidation phase, with traders closely watching key technical levels.

XRP 7-day chart, Source: CoinGecko

Holding above the 200-day EMA at $2.40 signals strong long-term bullish sentiment, while the 50-day EMA at $2.65 presents immediate resistance. A decisive break above $3.00, a historically significant level, could pave the way for further upside.

Momentum indicators like the RSI, hovering between 45-55, suggest neutrality with room for growth. Meanwhile, daily trading volume has declined to $4.5-$5 billion from January’s $10 billion highs, indicating a period of quiet accumulation.

A bullish pennant pattern is emerging, often a precursor to explosive price action if resistance at $3.00 is breached. Analysts are weighing in with bold projections. Davinci Jeremie, a former skeptic turned bull, now predicts $20-$24, citing shifting sentiment.

Peter Brandt estimates an $8-$10 range if XRP reaches a $500 billion market cap. Some even speculate on a “Bitcoin moment,” with ambitious forecasts reaching $70. However, most see $20 as a more immediate target.

For XRP to achieve this milestone, key catalysts like an SEC resolution or ETF approval could be game-changers. With the token testing major resistance levels, a surge in buying pressure may determine whether this bullish prediction becomes reality.

PlutoChain ($PLUTO) Could Bring Bitcoin Closer to a Bigger DeFi Dominance With Its Highly Scalable Layer-2 Blockchain

PlutoChain ($PLUTO) is a hybrid Layer-2 blockchain aiming to improve Bitcoin’s network. It’s not about flashy promises – it’s more about fixing some of Bitcoin’s practical headaches, like slow transactions and high fees, while keeping its core strengths.

It aims to make Bitcoin faster by enabling 2-second block time on its own L2 chain instead of BTC’s standard 10 minutes. This upgrade could make Bitcoin more useful without changing what makes it Bitcoin

PlutoChain adds smart contracts to the mix, so you can build things like decentralized apps on Bitcoin, kind of like what Ethereum’s been doing for years.

It’s also Ethereum Virtual Machine (EVM) compatible, so devs can port Ethereum projects over easily, saving time and possibly sparking new ideas.

For users, it means faster, cheaper transactions and a shot at DeFi—like staking or lending—tied to Bitcoin.

DeFi is where it could shine. Bitcoin’s DeFi scene is tiny compared to Ethereum’s billions or Solana’s speedy network. PlutoChain might close that gap, blending Bitcoin’s security with more usable features, and offering a solid alternative.

Security-wise, they’ve covered their bases with audits from SolidProof, QuillAudits, and Assure DeFi. Plus, there’s a decentralized governance system – community members vote on changes via Discord, keeping things transparent and inclusive.

This project could give Bitcoin a new layer of usefulness – making it a blockchain that can do more for both developers and users.

Conclusion

XRP’s path to $20 remains a hot topic, with technical signals and bullish projections fueling speculation. While resistance at $3.00 is a key hurdle, catalysts like an SEC resolution or ETF approval could drive momentum.

Meanwhile, PlutoChain’s hybrid Layer-2 approach could offer a practical upgrade for Bitcoin, enhancing its speed, scalability, and DeFi potential.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.