XRP is moving very high in the cryptocurrency market, and other assets are being pushed as well. Now an investor who correctly called this price jump is eyeing even loftier targets, of $8 and $12. However, a closer look at his wallet reveals that his primary bet may not be on XRP but rather on another promising token: RXS.
The XRP Phenomenon
Currently, XRP is breaking out of a multi-year symmetrical triangle pattern and has seen a tremendous resurgence that has it trading around $2.62. The breakout has come with strong bullish momentum, being so bullish that analysts might expect XRP to reach an all-time high (ATH) of $3.84 seen in January 2018. The recent rallies have been due to a mix of technical indicators and sentiment, the token is near an overbought level on the relative strength index (rsi) which can mean profit taking nearby.
If this XRP momentum continues locking on to its current trajectory, then the currency may reach $5 to $8 in the coming days. But some analysts throw out even loftier targets, predicting that XRP could rise as high as $20 in the current market cycle. This optimism is also boosted by the fact that XRP’s market capitalization stands at over $150bn and looks considerably favorable for future growth.
The Investor’s Perspective
And now the investor who first rang the bell to boom XRP to $2 calling the next key levels to hit $8, $12, and beyond. The other reason is that a broader market understanding and historical trends allow him to be confident in these projections. XRP price action appears to be following specific patterns, which if the resistance levels are breached, there could be significant gains for analysts. He is of course optimistic about XRP, but his actual financial backing seems to be elsewhere — that is, with RXS, a token that’s all about real-world assets (RWA). This new focus on the world of cryptocurrency raises questions about the motivations and strategies underlying investors in the cryptocurrency space.
RXS: A Rising Star
RXS is having a moment in the cryptocurrency market by riding the wave in real-world assets. The RWA market, projected to be worth $16 trillion by 2030, has positioned RXS as a player of importance in this pioneering space. RXS is currently available at approximately $0.125, which will increase to $0.150 during the next stage of development. Since coming out with RXS, the presale has gone incredibly well, raising over $22 million to its $26 million goal. It’s a reflection of growing investor confidence in RXS’s ability to deliver big returns as it claims a slice of a market believed to reshape asset management and investment strategies.
Additionally, RXS is making inroads in real-life crypto spaces, including major platforms such as CoinMarketCap and CoinGecko, making this and its legitimacy. Moreover, RXS has also completed an audit by Certik to give the investors confidence as they would be less suspicious and wary of the scam and the vulnerabilities of new tokens.
https://twitter.com/rexasfinance/status/1857692542290059502
The Future of Real-World Assets
RWA’s growing popularity is a sign that investors are starting to change their view on value within the cryptocurrency space. Traditional financial markets face volatility and uncertainty, however, with RWA, you invest in a more stable market backed by real assets. This dovetails with predictors of broad economic growth in the sector over the next decade. When you consider that the total market cap of the entire crypto industry is roughly $3.57 trillion, the possibility of using real-world assets in the space could completely transform how and what cryptocurrencies are used and valued. But the idea is starting to take hold amongst investors that tokens like RXS may also exist as speculative assets, but are really proving to be the building blocks for future financial systems.
The narrative surrounding the cryptocurrency market is evolving and key investors are taking a strategic pivot toward RXS through XRP, as the current price movements of XRP and bullish forecasts continue to capture headlines. XRP remains a point of interest to many as the token of an established token and one with potential, while RXS is an opportunity on the back of macroeconomic trend of real-world asset integration. The dual focus on both established cryptocurrencies such as XRP and innovative newcomers such as RXS shows the myriad ways investors are attempting to navigate an increasingly slippery financial playing field. Both tokens have some critical months ahead of them as they attempt to leverage the strengths of each token in order to react to the prevailing market.
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
