The crypto market has not been in the memecoin community’s favor lately, and this bearish sentiment has also dragged Ripple (XRP) in its turbulent wave. While the Ripple (XRP) and PEPE investors can be seen flocking from these altcoins, the DTX Exchange is onboarding a rich volume of traders with 13,000 new members added to the exchange recently.
Ripple (XRP) Might Rebound With Stable Support Levels
Trading at $0.57 today, Ripple (XRP) has been dealing within a vast range, experiencing pushback in the resistance level near $0.75 and a support level around $0.38. The recent movement shown by Ripple (XRP) has caused a back-and-forth movement between these levels.
Given the steep low price performance lately, the analysts are predicting a potential breakout by Ripple (XRP). According to the renowned commentator EGRAG, the Ripple (XRP) chart shows a bullish sentiment. He noted that the short-term bearish momentum has not affected the Ripple (XRP) price as the longer-term moving averages have remained firm.
Ripple’s Relative Strength Index (RSI) also supports the altcoin’s potential rebound based upon its recent price movements. Its current RSI value shows Ripple (XRP) in the oversold territory. The 11.17 low-level RSI indicates Ripple (XRP) might be approaching a bottom. EGRAG highlighted that Ripple (XRP) has the ability to recover soon given its strong support level.
PEPE Loses Investor Confidence Amid Major Sellout
PEPE is currently trading, approaching a critical support level, displaying a bearish outlook amid the market instability. In order to avoid further 22% decline, PEPE must hold above this level and steer away from this turbulent wave. PEPE is poised for a bearish sentiment as retail traders and whales have turned their back on the memecoin.
While the market is recovering from Bitcoin’s major crash, PEPE is hovering around the critical support area. Given the ongoing PEPE price performance, the trader’s analysis suggests a potential slump if market conditions don’t recover. This puts the survival of the PEPE coin in grave danger as it nears a risky situation.
According to IntoTheBlock, the majority of PEPE coin holders have frequently unloaded their assets in the last few days. Yesterday, there was a huge outflow of $8.96 million, equivalent to 1.16 trillion PEPE coins. On August 28, there was a net outflow of 1.16 trillion ($8.96 million) from their wallets.
Investors Take Shelter In DTX Exchange Amid Market Volatility
While Ripple (XRP) and PEPE investors are cornered by their recent performances, DTX Exchange (DTX) token holders celebrate its recent presale round 2 success. The renowned DeFi hybrid trading platform has successfully completed its second presale phase and entered the third round at $0.06 per DTX token, with $2 million already raised in record time.
Even though the ongoing market sentiment has not been very supportive lately, the DTX Exchange’s cutting-edge blockchain technology has backed the platform to keep up with the rough grounds for optimal performance. DTX’s recent presale celebration also goes to its strong community support that has been intact since day 1 of its launch.
The DTX Exchange is breaking out in the market as the best investment opportunity in 2024 with its state-of-the-art trading options and premium features and benefits for its holders. The platform is also said to deploy advanced technological upgrades, including a VulcanX upgrade, an upcoming all-in-one DTX wallet, and much more.
XRP And PEPE Investors Buy DTX To Recover From The Major Crash
The DTX Exchange has recently reported an influx of interest and purchases from investors belonging to the Ripple (XRP) and PEPE communities. The investors switching from these established altcoins to the emerging DeFi sensation DTX Exchange signals its widespread adoption and impressive performance amid the market downturn.
While investors offload Ripple (XRP) and PEPE assets, DTX Exchange is poised to outshine the status quo with its strong performance in Q3. The project also features eye-catching trading benefits like 1,000X Leverage, Distributed Liquidity Pools, Non-Custodial Wallet, and No KYC Requirements, making it among the best crypto opportunities right now.
As DTX Exchange gears up to hit all-time highs in the ongoing presale round 3, investors and retail traders are increasingly investing in this skyrocketing crypto opportunity for maximum gains and enticing benefits.
Learn more:
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