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XRP has exceeded expectations with a significant 10% surge in its Relative Strength Index (RSI) and price. This surge signals robust and bullish sentiment surrounding XRP.
With a market cap of $28 billion, the fifth-ranked cryptocurrency is trading at $0.5245 as of 14:21 p.m. EST on October 21, 2023. Additionally, it has seen a 7% hike in price in the past week.
XRP Eyes Bigger Gains on the Wings of the SEC Lawsuit Dismissal
The surge came after the Securities and Exchange Commission (SEC) dropped its legal charges against Ripple Labs executives.
XRP has sustained itself above the 200 and 50-day moving averages on the 4-hour chart, further bolstering the bullish narrative.
Key support levels for XRP are $0.467, $0.446, and $0.420, while significant resistance levels lie at $0.514, $0.541, and $0.564.
XRP must break above the overhead resistance around $0.56–$0.58 to reach the $1 mark. The asset has been in a rising channel since May 2022, repeatedly testing the highs and lows of the channel.
A breakout of this channel should spark a massive XRP bull run past 2017 all-time highs.
XRP’s RSI (14) is also showing signs of being bullish. Sitting at the 55 level, the RSI has been trending upward since September. When both price action and RSI move in the same direction, it is a sign that bullish momentum is building.
It is expected that XRP will make another +11.06% price jump to the $0.57 level and try to break out of the consolidation zone. If successful, another +10.60% rally to $0.630 is expected as XRP tests the channel’s upper boundary.
XRP is expected to rise by at least +22% over the next few weeks before it reaches the decision-making zone.
The XRP chart displays an anomaly—a region where price broke out of the channel aggressively, resulting in a +54% move in less than 24 hours. This is a taste of what will happen if XRP scores a successful breakout of this channel in the future.
While XRP banks the check on the SEC’s partial defeat, Bitcoin Minetrix is making waves in crypto by providing an affordable and easy BTC mining alternative.
Bitcoin Minetrix, One Day Remains Until Price Hike
Bitcoin Minetrix, a cutting-edge tokenized cloud mining platform, aims to allow everyday individuals to participate in Bitcoin mining, one of the most sought-after activities in the crypto space. Bitcoin Minetrix provides a low entry cost, democratizes the process, and simplifies it for newcomers.
In just a few days since its launch, the BTCMTX presale has secured an impressive sum of over $1.8 million during its ongoing phase. Currently, tokens are being offered at the attractive price of $0.011 per unit.
#BitcoinMinetrix has passed the $1,800,000 mark!🚀 pic.twitter.com/mBNdn4syU7
— Bitcoinminetrix (@bitcoinminetrix) October 20, 2023
However, it’s worth noting that as the presale progresses through its upcoming phases, the token price is expected to rise incrementally.
Stake BTCMTX to Earn Passive Income and Win $30,000
As Bitcoin Minetrix runs a $30,000 token giveaway, early supporters can win big. The project follows a well-defined roadmap with phases such as pre-sale, 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 their Bitcoin mining power. This decentralized and secure method eliminates the need for expensive hardware and complex maintenance while granting 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 tags it as “Big Potential.”
You can buy BTCMTX by connecting your wallet to their official site and purchasing as little as $10 worth of tokens. Bitcoin Minetrix accepts ETH, USDT, and bank cards as modes of purchase.
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