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Ripple (XRP) has shaken the crypto community, reaching the $1 mark in a single move. From the start of the move, XRP’s price has increased by over 100% but is still nearly 75% away from the previous all-time high. Solana (SOL) is ahead in the race, trading near the all-time high, and it will probably beat Ripple in the ATH race.
Meanwhile, Solana and Ripple whales have profited from the recent rally and are diversifying into the DTX Exchange (DTX). DTX is an emerging DeFi player expected to rise 20X by the end of 2024.
XRP Price In Consolidation Mode, $1.20 Important Resistance Level
After doubling in the first half of November, Ripple has suffered from some profit taking. In the hourly timeframe, the XRP price formed a bull flag pattern, with a descending trendline as the resistance for the pattern. Also, the $1.20 resistance zone coincides with the descending trendline, making it the prime barrier for Ripple.
In the journey to ATH, $1.4 and $1.7 are the two major resistances ahead where the XRP price can build selling pressure. Despite the few consolidation days, Ripple’s relative strength index is trading above the 80 level, which tells that the XRP price can see selling pressure for a few more days.
Solana (SOL) Rejected From $250 While Open Interest Increases
Similar to the XRP price, Solana (SOL) has also faced some profit bookings in the last two sessions. On the weekend, Solana (SOL) broke out from the tight flag pattern and increased by over 10%; however, in the following, it was rejected from the $250 zone, which will work further as a local resistance.
Courtesy – TradingView
At the start of November, Solana (SOL)’s open interest was $2.7 billion. However, with rising speculation about memecoins and the potential approval of a Solana (SOL) ETF, it has surged by $2.88 billion, reaching $5.64 billion as of November 18. While Solana (SOL)’s price has risen by 47% since November, its open interest has grown by 96%.
DTX Exchange (DTX) Prepares To List In Top 10 Altcoins
Observing the growth trajectory of DTX Exchange (DTX), it seems that it won’t take much time to list itself in the top 10 coins in the market. According to experts, innovative projects like DTX Exchange will rule the market in 2025. The unified platform combining the features of centralized and decentralized exchanges has brought DTX Exchange into the limelight.
DTX Exchange is a one-stop solution for traders looking to engage in highly active trading with diverse asset options. DTX Exchange provides trading in different assets like stocks, cryptocurrencies, forex, commodities, and even digital assets like RWAs. Another major selling point of DTX is the 1,000x leverage, which makes small traders larger positions.
DTX Exchange wants to lead the DeFi space with community features and user benefits. DTX users can benefit from the VIP rebate program, which will disburse upto 3% of revenue to eligible users. Also, it will provide a staking service for passive investment, through which investors can earn upto 26% APY.
DTX Exchange is seeing rapid demand in the presale; it is currently in the fifth phase with a token priced at just $0.10. The massive growth from the launch has put DTX on the radar of large investors, which signals that it can see massive growth in the coming days.
Learn more:
Buy Presale
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