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XRP price has increased by 3% in the last 24 hours trading at $0.699724 at 5:45 a.m. EST, contributing to a weekly gain of 15.2%.
After experiencing price spikes following its court victory over the Securities and Exchange Commission, Historically, btc is known to have improved the fortunes of almost all cryptocurrencies.
Although XRP’s trading volume has fallen -8.9%, the altcoin’s weekly performance is generating optimism about a prolonged bullish rally in its price.
XRP Price: Bulls Prepare to Break Above $0.75 Resistance
The price of XRP did not see the expected increase the previous day despite the start of the Ripple developer conference at this time.
$XRP it pumps before Ripple Swell and then stops once the conference is held as usual. It always makes us think that maybe this time will be different
-XRPcryptowolf (@XRPcryptowolf) November 8, 2023
Although the event lasts only two days, the expected impact on the altcoin is still substantial.
XRPUSD chart analysis. Source: Tradingview.com
XRP encounters the hurdle of breaking the resistance zone around $0.75. The bulls find stability at the $0.47 support level, which provides the momentum to push the price past the crucial resistance point of $0.54, aligning with the 200-day SMA.
A breakout above $0.75 could validate the bullish outlook, initiating a substantial rise for XRP that could surpass all-time highs seen in 2017.
With a crossover above the 200-day and 50-day moving averages on the daily chart, the price solidifies the bullish sentiment as these moving averages now act as immediate support levels.
Although the Relative Strength Index (RSI) has declined slightly, it remains above the overbought threshold of 70 and currently stands at 77. This signifies increased momentum and buying pressure compared to its previous performance.
XRP Price Expected to Rise 24%
XRP is expected to see a 24% price surge, targeting the $0.92 mark in hopes of a breakthrough. If successful, this could trigger a subsequent rally, pushing the price past the $1 mark, an increase of 42%.
On the other hand, if the resistance at the $0.75 level holds firm, it could lead to bearish sentiment, leading to a downward correction towards the $0.61 support zone.
Despite the good prospects for
BTCETF token: innovating the future of cryptocurrencies
The BTCETF token distinguishes itself as more than just another cryptocurrency; It is presented as a forward-thinking initiative that foresees the imminent arrival of spot bitcoin ETFs.
Get ready for the next revolution in the crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto and #Stock Exchange world like bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETFs strive to make digital assets more accessible to all traders.
With the support of influential figures such as @BlackRockthe future of #BitcoinETF looks promising! crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto #web3 pic.twitter.com/LtkZyoAmUp
– BTCETF_Token (@BTCETF_Token) November 8, 2023
It works as an ERC-20 token on the ethereum blockchain, taking advantage of the early approval and introduction of bitcoin ETFs.
BTCETF also offers its community a distinctive opportunity to benefit from these substantial developments in the cryptocurrency domain. You also have the option to stake the BTCETF token, with the most lucrative rewards reserved for the first participants. So far, a total of 15,527,613 tokens have been staked.
Testifying #BitcoinETFthe innovative initiative ready to transform the crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto sphere with its forward-thinking approach towards the next bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF.
Experience the unique mechanics and tactics that distinguish #BTCETF in the field of virtual assets. pic.twitter.com/quNPJ28EsV
– BTCETF_Token (@BTCETF_Token) November 9, 2023
Stakers will receive annual percentage yields (APY) reaching 1954%, with rewards distributed at 119 per ethereum block. Staked tokens and accumulated rewards can be claimed seven days after BTCETF is officially available on exchanges.
Get BTCETF Now – Pre-Sale Has Exceeded $100,000
You can now take the opportunity to purchase bitcoin ETF tokens at their most affordable price and position yourself as a BTCETF HODLer in anticipation of the imminent approval of the initial bitcoin ETFs.
BTCETF pre-sale has quickly racked up an impressive $131,531 with a target of $420,000. The project currently offers a single BTCETF token at $0.005.
#BitcoinETF You’ve reached your first big milestone!
Raising over $100K! pic.twitter.com/od7N5lhaM2
– BTCETF_Token (@BTCETF_Token) November 9, 2023
The bitcoin ETF Token It is set to progress through ten stages, each with specific objectives. The first stage is aimed at reaching $420,000, and the tenth stage has a target of $571,200. In between these stages, there are five milestones, and the first milestone is achieved when BTCETF’s trading volume reaches $100 million.
Explaining the first milestone for #BTCETF! 1⃣
Trading volume of $100 million – the first recognition of BTCETF’s market presence!
When total trading reaches $100 million, 5% of the token supply will be burned.
The transaction tax also falls from 5% to 4%.
Powerful times are ahead for #BitcoinETF. pic.twitter.com/fu2YWaGiEI
– BTCETF_Token (@BTCETF_Token) November 5, 2023
In one of his videos, Jacob Bury, a prominent YouTuber, reviewed the BTCETF token and explained how it can be purchased and staked for lucrative returns.
Investors can obtain the token via the ethereum (eth) or Tether (USDT) stablecoin by linking their web3 wallets to the official website of the BTCETF. Alternatively, you can purchase the tokens directly using a bank card.
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