Ripple has started a fresh increase from its $2.65 zone, which saw the XRP price surge above the $2.85 and $3.00 resistance levels surpassing even the $3.10 level. A high was formed at $3.21, where Ripple’s price collected some gains. Dogecoin could also see significant gains as its ETF approval closes in with the latest Bitwise submission of an S-1 filing to the SEC for spot Dogecoin ETF.
The approval of Dogecoin ETFs will have a massive impact on the price of DOGE, which has seen a weekly dip of over 8%. Moreover, the big gap between TradeFi and DeFi is quickly being bridged, and DTX Exchange (DTX) is leading the charge. This novel hybrid trading protocol will combine the best elements of DEX and CEX to offer a one-stop platform that will meet the constantly evolving trader’s needs. This has already seen the project attract massive attention, with over $13.2M raised in presale revenue.
Ripple Price Regains Momentum
The price of Ripple is looking to regain upward momentum after days of a dipping trend. Recent momentum has seen the XRP token surge above $3.05, with a high forming at $3.21 before correcting to below the $3.15 level. There was also a break below the connecting bullish trend line, with support around $3.15 on the hourly chart.
Ripple’s price is now trading above $3.00 and the 100-day SMA. On the upside, the XRP price could face resistance near the $3.08 level. However, the first significant resistance lies near the $3.15 level. After this, the next resistance is at $3,20. A clear rally past the $3.30 resistance could send the price of Ripple toward the $3.22 resistance.
More gains will lead towards the $3.25 resistance or even the $3.35 in the short term, with the next major hurdle for the bulls being $3.450. However, if XRP fails to clear the $3.08 resistance level, it could dip toward $3.00, where its initial support lies.
Dogecoin ETF Moves Closer With Bitwise S-1 Filing With The SEC
Bloomberg ETF analyst James Seyffart has confirmed Bitwise’s submission of a spot Dogecoin ETF filing to the SEC. While the filing had been anticipated, this step officially made the proposal official with the SEC. Bitwise is also not the only asset manager that filed for the DOGE ETF.
On January 21, Rex Shares and Osprey Funds, a company focusing on ETNs and ETFs, filed Form N1-A for Dogecoin and other cryptos, including Solana, Ripple, and Bitcoin. A DOGE ETF will expose investors to Dogecoin’s price movement within a regulated environment without the need for crypto exchanges or wallets.
Despite the recent Dogecoin pullback, crypto analyst Javon Marks believes that Dogecoin’s price could surge by over 600% to around $2.28. His DOGE price prediction aligns with Ali’s 900% rally, similar to what the DOGE token did in 2021. However, in the short term, Dogecoin’s price could still dip to as low as $0.26 before it records any parabolic rally to the upside.
DTX Exchange (DTX): The New DeFi Hybrid Trading Protocol
DTX Exchange (DTX) offers a new shift in common norms for several reasons. Standing out, the project will combine key elements of decentralized and centralized exchanges to help solve some of the major issues within the DeFi sector. Some key challenges within the trading scene include inaccessibility to assets and markets, little liquidity, complex user interface, and financial exclusion.
Instead of overlooking, DTX’s wallet-based trading will ensure players can seamlessly participate in the financial markets without relying on formal banking systems. Its non-custodial storage solution also guarantees that funds and assets are securely stored, with holders having full ownership. Equally important are the distributed liquidity pools, which aggregate liquidity from internal and external pools.
In addition to blending the best features of DEX and CEX, the DTX Exchange also aims to bridge the gap between TradFi and DeFi. By beating this competition, DTX Exchange will become the first crypto-native platform to offer traditional assets like stocks, forex, ETFs, and many currency pairs as it seeks to reshape the ever-growing global trading scene. This has seen the DTX price surge significantly, with a current price of $0.16.
Does DTX Exchange Have A Higher Growth Prospect Compared to Ripple and Dogecoin?
Ripple price movement has regained an upward momentum as it seeks to break past key resistance levels, which could help the token target more gains. The short-term target for XRP is $3.35, as Dogecoin’s price is set to dip toward the $0.26 level before any parabolic rally. Despite not being as popular as some top altcoins, including Ripple and Dogecoin, DTX Exchange’s upside potential remains astounding. As a new project, the DTX token has plenty of room for more growth, with the current price of $0.16 set at 100x in the coming months.
Find out more information about DTX Exchange (DTX) by visiting the links below:
