Since SEC chairman Gary Gensler resigned, Ripple (XRP) has benefited from regulatory developments. Crypto enthusiasts have also been speculating about a perceived link between Ripple and Elon Musk. There is no direct evidence linking Musk, but if something comes out, the XRP price could quickly achieve a new high. Meanwhile, many crypto analysts are turning their heads to a fresh contender called DTX Exchange (DTX).Â
Having amassed over $13.80 million in a very short presale period, DTX is changing the game in the global trading industry. Offering fast speed and low cost, DTX Exchange provides a fresh perspective and real-world practicality. The project has attracted investors as it continues to gain momentum.
XRP Price Struggles To Initiate a New Trend
Recent selling pressure and legal troubles have caught Ripple (XRP) off guard, putting investors on edge. In February, the XRP price declined by over 30%, dropping from $3 to $2.42. The daily chart shows a sideways movement inside the $2.30 and $2.55 base. A bullish situation could arise if the XRP price breaks above the $2.55 resistance with a follow-through to the $3 psychological mark.
Source: CoinMarketCap
The 1-hour chart reveals that the XRP price is trading in a converging trendline triangle pattern. Nesting within a critical $2.40–$2.50 range, the token suggests potential gains if this level holds. Currently, it is trading at $2.41, with a 3.95% drop in the past 24 hours. The XRP price trading volume has increased by 3%, reaching $4.53 billion.
The XRP price technical oscillators paint a neutral picture. The Relative Strength Index (RSI) is hovering near the oversold zone, currently at 38. Meanwhile, the MACD lines have become flat after a sharp downturn, showcasing price consolidation.
Ripple SEC Legal Battle
Ripple is still locked in a legal battle with the U.S. Securities and Exchange Commission (SEC), which sued the company in December 2020, claiming Ripple’s XRP was sold as an unregistered security. Despite a partial court victory in July 2023—when a judge ruled that XRP was not a security when sold to the public—the SEC has continued to challenge parts of that decision.
On Tuesday, February 11, the SEC’s legal fights with crypto firms took the spotlight. Lejilex and the SEC jointly requested a delay for oral arguments, originally set for February 20, pushing them to April 11. The filing pointed to a change in SEC leadership and the formation of the Crypto Task Force, which could help resolve the case. The delay in oral arguments could be significant for the Ripple case.
DTX Exchange’s Hybrid Platform Offering Incredible Trading Facilities
While Ripple faces market uncertainties, DTX Exchange is emerging as a leader in the $90 trillion trading market. The project’s recent increased demand led the total funding to $13.80 million in presale. Elevating the trading game, DTX is offering accessibility to more than 120,000 assets such as forex, stocks, ETFs, and crypto. This means users will be able to trade all this in a single platform, eliminating the hassle of jumping from one platform to another.
This diverse range of assets, coupled with the industry’s highest leverage of up to 1000x, enables traders to create larger positions that increase the profit potential. Additionally, the AI investment manager helps to mitigate risk by developing a foolproof plan for each investment.
DTX Exchange maintains a fair public launch system in presale, which prevents venture capitalists from controlling the price of crypto. In the final presale round, investors can grab the DTX tokens at an undervalued price of $0.16. Experts believe that the token’s value will increase by 100x before Q3 2025.
Find out more information about DTX Exchange (DTX) by visiting the links below:
