{"id":552708,"date":"2024-07-17T14:52:06","date_gmt":"2024-07-17T14:52:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=552708"},"modified":"2024-07-17T14:52:06","modified_gmt":"2024-07-17T14:52:06","slug":"next-cryptocurrency-to-explode-wednesday-july-17-xrp-arweave-ponke-constitutiondao","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-wednesday-july-17-xrp-arweave-ponke-constitutiondao","title":{"rendered":"Next Cryptocurrency to Explode Wednesday, July 17 \u2014 XRP, Arweave, Ponke, ConstitutionDAO"},"content":{"rendered":"

Many altcoins are trying to make a comeback as they record significant gains. Bitcoin (BTC) is still slowly making its way back to $70,000, hoping to find support for its next big move. Investors need to stay alert during this consolidation phase as it could be a chance to catch a ride on a rising trend.<\/span><\/p>\n

Prices of these various assets are climbing, even before the market takes off entirely. That is why today’s article is dedicated to identifying the <\/span>next cryptocurrencies to explode<\/a> and inform investors and traders about each token.<\/span><\/p>\n

Next Cryptocurrency To Explode<\/b><\/h2>\n

Smart investors are moving to capitalize on the boom in the altcoin market and taking positions in upcoming tokens like the Shiba Shootout. The project features a unique Wild West design, combining this popular period from American history with the crypto frontier. This post covers the details of its presale.<\/span><\/p>\n

1. XRP (XRP)<\/b><\/h3>\n

XRP (XRP) has outperformed the broader crypto market in the past 24 hours, reaching a three-month high. This surge is due to its relatively underbought status on yearly timeframes and renewed interest from large investors. The bulls have become aggressive, with XRP’s 24-hour volume surpassing Solana’s by over a billion. This significant breakout could signal the start of a new upward trend, pushing prices close to the $1 mark.<\/span><\/p>\n

The long-term price chart shows a bullish trend, reclaiming levels within a bullish pattern. XRP has entered an ascending parallel channel, rising over 45% in just two days. Additionally, the weekly on-balance volume has shown a bullish divergence, indicating the rally is under bullish control. As a result, XRP’s price is expected to maintain a healthy upswing in the coming weeks and reach the average levels of the channel.<\/span><\/p>\n

\"XRP<\/p>\n

XRP’s price has increased by nearly 15% to $0.6221, its highest in three months, despite concerns about the ongoing Mt. Gox reimbursement. The XRP\/USD pair has climbed around 62.20% from its local low of $0.381 on July 5. Interestingly, while the overall crypto market capitalization has risen by about 24.50% in the same period, XRP’s rebound has been much stronger.<\/span><\/p>\n

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Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum. Coming later this year. <\/p>\n

Sign up to receive the latest stablecoin news, content and availability: https:\/\/t.co\/ifguG77bO6<\/a><\/p>\n

— Ripple (@Ripple) June 12, 2024<\/a><\/p><\/blockquote>\n