Experienced cryptocurrency trader Dark Defender has pinpointed the key level of $0.6649 that Ripple (XRP) must cross to start a big ascent. This prediction has attracted the attention of XRP enthusiasts, as the altcoin has been under a bearish stint for long.
At the same time, top altcoins like Sui (SUI) and DTX Exchange (DTX) are also looking to ride the bullish wave further. Analysts say the prices of these altcoins could skyrocket to new highs in the coming weeks.
Ripple (XRP) could soar to $1.88 if it crosses major resistance
Crypto trader Dark Defender has shared a key level that Ripple (XRP) has to break to experience enhanced increases in its value. He has maintained that this level is currently at $0.6649. Dark Defender noted that the altcoin price has been dumped here severally.Â
Thus, this level is a pivotal point the Ripple coin must go past for the possibility of the rally to emerge. If the breakout occurs, the analyst gave three key targets of $1.88, $5.85, and $18.22 for the Ripple crypto. CoinMarketCap data shows that XRP has been struggling, losing 20% of its value over the last month.Â
Presently, the coin is trading in the red region and is trading below the 200-SMA ($0.541372). Ripple price movement has been bearish in the past few months due to the ongoing legal battle with the US SEC. Reports allege the case could continue until next year if the SEC’s new deadline is approved.
Analyst forecast two new all-time highs for Sui (SUI)
Crypto analyst Cryptclay has noted that Sui (SUI) recently formed a bullish retest of the broken neckline in its Cup and Handle (C&H) pattern. According to Cryptclay’s analysis, this pattern could propel the Sui token to two significant targets: a handle target of $6.9 and a full C&H target of $9.6.Â
Meanwhile, other analysts are also bullish about the Sui coin. Raoul Pal forecasted that the cryptocurrency is breaking its consolidation and is getting set for a new all-time high. In the meantime, the Sui price has pumped 8% on the weekly level and 22% on the monthly timeframe on CoinMarketCap.
The cryptocurrency has regained the $2 level. With major support at the 50-SMA ($1.658943), the price of Sui (SUI) could soar to new levels in the coming weeks.
DTX Exchange (DTX) could see 1,000% price pump
DTX Exchange (DTX) is carving out a prominent space in both the traditional and crypto markets. Built as a Layer 1 blockchain specifically for high-speed trading, DTX’s VulcanX is designed for unmatched speed and efficiency. With testnet results surpassing 100,000 transactions per second (TPS), VulcanX is fully equipped to handle high transaction volumes, ensuring a seamless experience even during peak trading times.
A major feature of DTX Exchange is its multi-asset trading model, which offers access to over 100,000 financial instruments across multiple markets. Users can trade not only cryptocurrencies but also equities, stocks, indices, commodities, etc. This diverse asset availability allows traders to manage various investments from a single platform, making DTX Exchange a true one-stop shop for asset management.
The platform’s unified wallet enhances convenience and security, enabling users to oversee their entire portfolio without needing multiple accounts or external wallets. This feature simplifies the trading experience, particularly for users managing diverse assets, and appeals to both seasoned traders and newcomers alike. Currently, in the fourth phase of its presale, analysts say the DeFi token, DTX, could rally by 1,000% from its current value of $0.08.
Sui, Ripple, or DTX: Which is the best Altcoin to buy now?
Ripple’s (XRP) future is dependent on it crossing the resistance at $0.6649. On the other hand, DTX Exchange and Sui (SUI) are the best altcoins to watch. Analysts forecast their prices could skyrocket to new highs in the coming weeks.
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