The price of XRP has dropped throughout the Ripple vs SEC case. However, more people are holding XRP and waiting for the price to rise after the case. In contrast, Dogecoin has a downtrend that extends to the current period without a reversal.
However, the presale of DTX Exchange also confirms the possibility of it being the next big crypto.
But why are experts backing this new crypto? Find the details below!
Ripple (XRP) Set for Major Upswing
The XRP price has dropped 3.94 % within the last 24 hours because of the changes in the regulations. The Ripple-SEC case that impacted the price of XRP might soon be flipped. This is because the recent bias of the judge towards Ripple means that the verdict will be in Ripple’s favour, which is good for the XRP price.
The XRP chart looks rather powerful, and the signals are pointing up. This coin has been trading above the short-term resistance since early August, and the RSI of 60 points to further upside. Also, demand has been fabricated because people are holding XRP and intend to sell it after the SEC case ends and the price goes up.
Some analysts are very bullish on XRP. Once the SEC-Ripple case is over, this may be a catalyst for XRP to rise further. With the Federal Reserve’s expectations of rate cuts in September, the whole market, including XRP, may surge.
Dogecoin (DOGE) Downward Spiral Continues
While Ripple is demonstrating another possible price surge, Dogecoin (DOGE) has been moving in the opposite direction. Its price has gone below $0.08 is a far cry from its recent high of $0.14, reached only two weeks ago.
The technical signals are bearish, with the MACD below the zero line and the RSI showing that the security is oversold. Therefore, Dogecoin might remain under pressure without an increase in buying pressure in the short run. The figures could be more precise for Dogecoin as well.
This stock is below the 200-day simple moving average and has had only 12 positive days in the last 30 days. The price of Dogecoin has dropped by 87% from its ATH and is 11.6% drop in the last seven days showing it has more challenges than the rising XRP price and DTX Exchange.
DTX Exchange (DTX): Next Crypto to Explode
DTX Exchange is the next crypto to blow as the community demand for this exchange’s native token, DTX, grows. This rise comes when the crypto market focuses on DTX Exchange through its stage 2 presale, where tokens are currently being sold at just $0.4, possibly reaching 1000 percent of the ROI.
However, owning DTX tokens also comes with many advantages in the DTX Exchange platform, apart from the low cost. It is the perfect opportunity for investors to gain privileges such as governance rights, zero-commission trading, and fast trades without going through the KYC procedure.
The platform has strong security and privacy features like two-factor authentication to ensure users’ security. It complies with blockchain security protocols, and its smart contracts are audited consistently to guarantee a secure trading platform.
DTX Exchange is a reliable, centralised, and decentralised trading platform that uses a combination of blockchain and a user-friendly interface. It provides investors with a smooth trading platform to trade cryptocurrencies and CFDs.
It is not a secret that there is always the next big crypto that is about to blow up. Sign up for the DTX Exchange presale now and get a bonus of $1000 through the current referral program.
Key Takeaways
XRP price will likely increase as the case between Ripple and the SEC nears its conclusion. As Dogecoin goes down, DTX Exchange becomes the next cryptocurrency to blow with a 1000% return on investment.
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