Best Altcoin to Cut Your Losses: XRP Holders Turn To Viral $0.12 Altcoin Before Listing For 3,300% Rally

DTX Exchange (DTX) has regained momentum after a slight dip in the XRP network diverted the massive flow of investors to its fiery presale.

As of December 20, DTX’s presale stage 6 has raised over $10.44 million, with more whale activity anticipated by expert analysts in the coming weeks. While Ripple’s price retraction has sparked a panic, it could rebound shortly.

This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.

Ripple (XRP) Retests Historic Support After Retraction

After consecutive weeks of continuous rallies and significant gains, the crypto market has witnessed a flash crash. CoinMarketCap’s data shows that Ripple’s XRP plunged to a weekly low of $2.05 from a high of $2.8. While XRP has bounced off this support level, some investors have raised concerns over the recent price drop.

Similarly, several analysts have said that the Ripple coin merely retested historical support. According to the Charting Guy, Ripple (XRP) only retested the 2021 high in the latest dip. He further explained that the Ripple token still has the exact same structure as it did during its explosive rally in 2017.

According to his analysis, the bull market for XRP, one of the top crypto coins, is still “on track perfectly.” CryptoKnight890 shared a Ripple price chart that affirms the position of the Charting Guy. According to CryptoKnight890, the altcoin price could pump as high as $3.5168, representing an increase of more than 60% from the current price range of XRP.

Saeed Zaman, popularly known as TraderSZ on Twitter, has confirmed this stance as well. However, he sets his Ripple (XRP) price target a bit lower for this bull run. In his opinion, the XRP bull run could cap off at around $3.3308, which is just short of XRP’s ATH.

Ripple vs. SEC Update: Conflict Nears Critical Point

On Thursday, December 19, Fox Business journalist Eleanor Terrett shared the details of a meeting between staffers for SEC Commissioners Hester Peirce and Mark Uyeda and the Digital Chamber. The Digital Chamber reportedly set priorities for the SEC divisions by considering the incoming administration’s pro-crypto agenda.

In August 2024, Judge Analisa Torres ordered Ripple to pay a $125 million penalty for violating US securities laws. The penalty amount fell well short of the SEC’s demand for a punitive $2 billion penalty. The court noted that investors did not suffer pecuniary harm because of the violations, nor did Ripple commit fraud.

A stay on the Ripple case may prompt the SEC to withdraw its appeal, setting the Programmatic Sales of XRP ruling as a crucial legal precedent for the US digital asset market. An end to the Ripple case would be a boon for XRP, plagued with uncertainty about the SEC’s appeal plans.

Invest In This Emerging Hybrid Platform Before It Breaks Out

DTX Exchange (DTX) is a trading exchange that allows users to trade cryptos, forex, equities, and contract-for-differences (CFDs). The platform features cutting-edge infrastructure and unprecedented trading features to provide unparalleled opportunities. The platform offers access to over 120,000+ assets across crypto, stocks & bonds, forex, and commodities.

Key Features:

• Up to 1,000X leverage
• Distributed liquidity pools
• Non-custodial wallets
• No KYC requirements

This next-generation hybrid platform enables traders to skyrocket their trading potential with up to 1,000x leverage on select assets. Investors can potentially 25x their gains and minimize risks by controlling large positions with minimal capital, unlocking a world of profit potential in the volatile crypto market.

This $0.12 AI Crypto Could Make You Reassess Your Portfolio

DTX Exchange’s cutting-edge L1 blockchain technology enables it to offer insane trading protocols for users. Investors can trade free from limitations and explore endless possibilities with the platform’s diverse range of trading instruments. Whether it’s an experienced investor or a new trader, DTX Exchange offers something for everyone.

This deFi project enables savvy investors to utilize the most robust trading reference material at their fingertips. DTX offers a wealth of charts, graphs, and analytical tools, empowering traders to make the best possible decisions and stay ahead of the curve. As the market nears the end of 2024, DTX Exchange (DTX) is poised to become the next big thing in the market. Join now!

Learn more:

Buy Presale

Visit DTX Website

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Relevant links:

• https://www.cryptotimes.io/2024/12/20/at-one-point-we-made-20-of-all-usdc-ripple-ceo/

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Alexander Zdravkov