Ripple’s XRP is hinting at a bullish trend that might lead to its whopping 100% growth as experts say the launch of the RLUSD stablecoin could be imminent. Recently XRP has been attempting to overcome price resistance levels amidst a turbulent market. The announcement of the new XRP based stable coin could be enough to tip Ripple price into a breakout. Meanwhile, the new altcoin JetBolt is stealing the spotlight, with crypto whales showing keen interest in this newcomer as it garners presale momentum.
With XRP battling against bearish trends and JetBolt steadily climbing in recognition, crypto pundits are watching these latest developments unfold. Read on for detailed updates.
Is Ripple’s XRP Price Bound for a Bullish Surge?
This year has sent Ripple’s XRP on a whirlwind ride, facing sudden surges and sharp declines and leaving its token holders in suspense at every turn. After oscillating between $0.45 and $0.60, the price of the cross-border payments innovator has faced a few hurdles, particularly with the looming regulatory clouds, particularly the SEC’s last-minute appeal against Ripple.
Despite this, XRP recently showed a glimmer of hope for token holders with a modest climb of less than 10%. At press time, XRP is sitting at $0.5842. This data demonstrates XRP’s minor 8.7% uptick over the past two weeks. With the anticipated launch of RLUSD on the Ripple blockchain, many analysts are rethinking their price predictions for XRP.
According to the latest analysis, XRP has been struggling to maintain its position above the $0.60 resistance level, indicating persistent selling during price rallies. The bears are relentless, attempting to drive the price below the moving averages. Should they succeed, observers might see XRP descend to the critical uptrend line, a significant support level that could lead to a dip down to $0.50.
However, if XRP can turn upward from its current position or the moving averages, the bulls will once again try to breach the $0.60 barrier. If they do, this could set the stage for a rally toward the next resistance at $0.64. This comes as a nail-biting moment for XRP holders. With a spike in demand for RLUSD, we could see a massive inflow of XRP purchases and positive price pressure.
Analysts now predict XRP’s price will move upward and reach $0.698126 by October 2024. While XRP’s 100% growth may not seem likely yet, analysts see a notable 19.71% price surge.
Despite signs of a bullish trend on the horizon, XRP whales continue to diversify portfolios with fresh entrants like JetBolt, amassing JBOLT tokens as this new altcoin continues to gain massive traction.
XRP Whales Flock to New Coin JetBolt
An interesting trend is emerging as XRP whales start accumulating JBOLT tokens. This comes after JetBolt reportedly exceeded $190,000 in sales roughly one month after its presale launch in August 2024.
JetBolt offers zero gas fees, harnessing the power of the Skale network. This cutting-edge feature allows users and developers to carry out transactions without the headaches of paying for hefty gas fees that plague most blockchains.
As XRP whales begin to snag JBOLT tokens before the next price increase, they’re clearly eyeing the next big thing while staying connected to their XRP roots. Analysts see that XRP whales pivoting to JetBolt could be a sign of confidence in the new coin’s future prospects, especially as the JetBolt gains traction with its ongoing presale.
Conclusion — Ripple Shows Bullish Trend and JetBolt Growth Continues
With possible resistance levels to break and XRP whales making strategic moves as the last-ditch SEC appeal looms, the coming days will be crucial for the XRP price trajectory. Meanwhile, JetBolt continues to garner the interest of large traders who are accumulating JBOLT tokens and taking advantage of its attractive presale pricing and early perks.
For those who want to join the presale and are interested to know more about JetBolt (JBOLT)’s features, check out the links below:
Visit the Official Website: jetbolt.io
Join the Telegram Channel: https://jetbolt.io/telegram
Follow JetBolt’s Official Account on X (Twitter): https://x.com/JetBoltOfficial
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