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XRP has exceeded expectations with a significant 10% increase in its Relative Strength Index (RSI) and price. This rise indicates strong, bullish sentiment around XRP.
With a market capitalization of $28 billion, the fifth-ranked cryptocurrency is trading at $0.5245 as of 14:21 pm EST on October 21, 2023. Additionally, it has seen a 7% price rise. last week.
XRP Seeks Higher Gains on Wings of SEC Lawsuit Dismissal
The increase came after the Securities and Exchange Commission (SEC) dropped its legal charges against Ripple Labs executives.
XRP has remained above the 200-day and 50-day moving averages on the 4-hour chart, further reinforcing the bullish narrative.
The key support levels for XRP are $0.467, $0.446 and $0.420, while significant resistance levels are at $0.514, $0.541 and $0.564.
XRP must overcome the overhead resistance between $0.56 and $0.58 to reach the $1 mark. The asset has been in an ascending channel since May 2022, repeatedly testing the ups and downs of the channel.
A breakout of this channel should trigger a massive XRP bull run that surpasses the 2017 all-time highs.
XRP’s RSI (14) is also showing signs of being bullish. Located at level 55, the RSI has been trending up since September. When both the price action and the RSI are moving in the same direction, it is a sign that bullish momentum is building.
XRP is expected to make another +11.06% price jump to the $0.57 level and try to break out of the consolidation zone. If successful, another rally of +10.60% to $0.630 is expected as XRP tests the upper boundary of the channel.
XRP is expected to rise by at least +22% over the next few weeks before reaching the decision-making zone.
The XRP chart shows an anomaly: a region where price aggressively broke out of the channel, resulting in a +54% move in less than 24 hours. This is a taste of what will happen if XRP makes a successful breakout of this channel in the future.
While XRP takes over from the SEC’s partial defeat, bitcoin Minetrix is making waves in cryptocurrencies by providing an easy and affordable btc mining alternative.
bitcoin Minetrix, one day left until the price rises
bitcoin Minetrix, a cutting-edge tokenized cloud mining platform, aims to enable everyday people to participate in bitcoin mining, one of the most sought-after activities in the crypto space. bitcoin Minetrix offers a low cost of entry, democratizes the process, and makes it simpler for newcomers.
In just a few days since its launch, the pre-sale of BTCMTX has secured an impressive sum of over $1.8 million during its current phase. Currently, the tokens are offered at the attractive price of $0.011 per unit.
#BitcoinMinetrix It has surpassed the $1,800,000 mark! pic.twitter.com/mBNdn4syU7
—Bitcoinminetrix (@bitcoinminetrix) October 20, 2023
However, it is worth noting that as the pre-sale progresses into its next phases, the price of the token is expected to gradually increase.
Stake BTCMTX to Earn Passive Income and Win $30,000
As bitcoin Minetrix holds a $30,000 token giveaway, early supporters stand to win big. The project follows a well-defined roadmap with phases such as pre-sales, development, public launch and adoption.
The key to bitcoin Minetrix’s approach is its “stake-to-mine” system. Users can earn mining credits by staking BTCMTX Tokens, increasing your bitcoin mining power. This decentralized and secure method eliminates the need for expensive hardware and complex maintenance, while giving users greater control over their mining activities.
Joe Parys crypto, a YouTube crypto influencer with over 380,000 subscribers, talks more about BTCMTX with his audience. He labels it “Great Potential.”
You can buy BTCMTX by connecting your wallet to your Official site and purchasing tokens worth as little as $10. bitcoin Minetrix accepts eth, USDT, and bank cards as purchase modes.
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