With high volatility still persisting in the cryptocurrency market, altcoins such as XRP, Cardano (ADA), and Rexas Finance (RXS) are holding up well. Due to the bullish patterns displayed on the charts and the enhanced interest in investing, these tokens remain on the analysts’ radar as strong contenders for the next altcoin season.
XRP Consolidates with Potential for a Breakout
It has been priced at approximately $2.32 XRP and outperforms the other counterparts that are in the market. Additionally, on-chain data showed that exchange associated wallets transferred $73 Million worth of XRP to other wallets, which is considered bullish since coins held by investors signal positive sentiment. The trading volume also increased by 20% within the past 24 hours which is a clear sign of increased market activity from various participants. Technical analysis shows support levels for XRP at $2.19 of the 200 EMA. XRP has always risen each time it holds above this level in the past. Some analysts put the next barrier at $2.50, and if it is to be conquered, a bullish breakout toward $3.30 and above may occur. Nevertheless, failure to defend the $2.19 support may lead to a breakdown towards $1.96.
Cardano Drops Below $1 But Holds Key Support
ADA has dipped below the $1 mark and is currently trading at $0.991, which is a 12.39% drop in the past 24 hours. This decline has taken ADA to the 100-EMA, and it is noteworthy that this EMA is currently serving as an ideal short-term support. Nonetheless, the 200-EMA at $0.968 is a significant level, and its penetration could cause the downtrend to continue towards $0.94 or $0.85. On-chain information shows signs of bullishness despite the sell-off. Evaluating the popularity of the asset, it is worth noting that major investors, or “whales”, have recently purchased more than 20 million ADA. It is believed that if ADA recovers above $1.044, a bullish trend might be achieved with possible resistance at $1.117 and $1.130 levels. The consolidation phase may even be crucial in shaping its new agenda as it moves forward.
Rexas Finance (RXS) Gains Traction Amid Presale Success
The most famous newcomer is therefore Rexas Finance (RXS), which asserts that it engages in the process of grounding tangible assets into block chain. However, it should be noted that RXS started its presale only in September 2024, while during this period, the rate of RXS was rise by 483%, starting at $ 0.03 and reaching $ 0.175. The project has been able to achieve and raise over 37.7 Million dollars and has sold more than 406 Million tokens to the investors that includes the small scale investors and the large scale investors.
⭐️ Milestone Alert! ⭐️
Rexas Finance has successfully raised $37.7 Million! 🚀
Thank you for your support! 👍
Buy Now: https://t.co/tNJAsvAL8G#rexas $RXS #RexasFinance #crypto pic.twitter.com/yaznIa5YXj
— Rexas Finance (@rexasfinance) January 8, 2025
Rexas Finance creates an opportunity for tokenization of various real-world assets like real estate and commodities, thus opening up previously unavailable markets for users. Analysts predict that the token could reach $20 by the end of 2025. The project’s community-driven approach and a successful CertiK audit add to its credibility, making RXS a promising contender in the altcoin space.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
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