Recent events, such as the launch of the RLUSD stablecoin and the regulatory relief following the resignation of the SEC chairman, have sent the XRP price on a parabolic rally, surging over 400% in a single leg. Currently, it is experiencing a profit booking correction, which could end with the much-awaited news of Ripple ETF approval. In the meantime, momentum traders are adding DTX Exchange (DTX) to their portfolios, as price action experts believe it can replicate the XRP price trajectory in the coming weeks.
XRP Price Target: Optimistic In the New Cycle
The forecasts for the XRP price target have been optimistic in the new year because of the massive long participation at the end of 2024. Ripple’s resurgence after years of correction signals growth driven by strategic partnerships with international banking systems. Analysts say the clearance of SEC regulatory challenges can easily propel the XRP price to the near target of $5.
In the daily timeframe, the XRP price has steadily risen above the 50-day Exponential Moving Average (EMA), indicating a short-term positive trend. After the recent bounce, the Relative Strength Index (RSI) sloped up to 50; for Ripple to end the correction, the RSI level must shoot above 60.
Source: CoinMarketCap
According to Bloomberg’s senior ETF analyst, Eric Balchunas, a surge of crypto ETFs is expected in 2025. The SEC’s lawsuit against Ripple, filed in December 2020, directly targets the XRP price. Balchunas noted that these legal challenges will delay the approval of XRP ETFs, explaining that unresolved issues about their status as securities may prolong the process.
Furthermore, the decreasing number of active wallet addresses is a significant concern for investors, as selling can increase due to fewer wallets holding the coin. In the last 30 days, the XRP price has decreased by 8.79%, with the circulating supply at 57,410,227,039 Ripple.
DTX Exchange (DTX) To Hit $20 Before Ripple
DTX Exchange, a Defi debutant, has emerged as a high-growth utility altcoin with a solid foundation and exceptional technology in the crypto ecosystem. Experts believe this coin can achieve the $20 target before Ripple. DTX is the first trading exchange that allows tokenized ETF trading along with both traditional and digital assets, including stocks, cryptocurrencies, forex, and bonds.
The project is powered by the VulcanX blockchain, which integrates traditional and digital finance into the DTX unified platform. The blockchain recently went live on the testnet and obtained tremendous results, achieving 100,000 Transactions per Second (TPS). This proprietary blockchain also reduces trading fees and unlocks global asset access.
Furthermore, the platform prioritizes security with the newly launched non-custodial Phoenix Wallet. The wallet’s multi-layer security and private keys allow users to fully control their assets. With the security of funds, the no-KYC policy protects users from identity theft.
The DTX token presale has been nothing short of amazing. Since its inception, DTX Exchange has raised $11.20 million by selling 135 million tokens, or approximately 64% of its total supply. Starting at $0.02, the token is priced at $0.14 in the seventh stage of the presale.
DTX Exchange is a modern-age trading platform that might completely rethink asset trading and investing going forward. In the currently underpriced situation, it is the ideal time to analyze the token and be an early participant in the long-term profit journey.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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