XRP price recently experienced an 18% decline, falling from $0.64 to $0.52. Despite the broader market correction, XRP has managed to hold above this critical support level. 

This resilience suggests that a potential bounce could be on the horizon, providing the altcoin an opportunity to recover its lost value and move back toward $0.60.

XRP Whales to the Rescue

Crypto whale addresses have been accumulating XRP aggressively at these lower price levels. Addresses holding between 10 million and 100 million XRP have collectively purchased nearly 300 million XRP, worth over $150 million, in the past three days.

This substantial buying activity by large holders reflects growing confidence in the asset’s recovery potential. Consequently, it could provide the necessary support for XRP’s price rebound.

The influx of whale activity is often a precursor to price movement, as large-scale investors accumulate when they see value. This accumulation suggests that key players in the market expect XRP to recover, and their actions could help push the price higher in the near term.

Read more: XRP ETF Explained: What It Is and How It Works

On a macro level, XRP’s Market Value to Realized Value (MVRV) ratio is currently sitting in the opportunity zone. The MVRV ratio measures investor profitability and, at -9.5%, indicates that those who bought XRP in the past month are experiencing losses. However, this range between -9% and -19% is historically seen as a buying opportunity, as investors tend to stop selling and instead accumulate assets at these low prices.

This positioning in the opportunity zone often leads to a reversal in selling pressure, encouraging accumulation, which can drive prices higher. With XRP now in this favorable zone, the macro momentum could turn positive, paving the way for a price rebound.

XRP Price Prediction: Breaching Through

The XRP price is currently holding above the 38.2% Fibonacci Retracement line at $0.52. If the altcoin successfully bounces off this support level, it could rally toward the next resistance level at $0.55, signaling a bullish move.

If XRP manages to breach $0.55, the technical indicators point to further gains. The next target would be the 61.8% Fibonacci line at $0.59. Breaching this resistance could bring XRP back to $0.60, solidifying its recovery and reversing the recent downturn.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

However, if XRP fails to break through the $0.55 resistance, it could end up consolidating between $0.52 and $0.55. This would invalidate the bullish outlook, potentially prolonging the recovery process and limiting upward momentum in the short term.

The hype surrounding Rexas Finance (RXS) has intensified with the successful early completion of its Stage 3 presale, raising $2.75 million ahead of schedule. This Ethereum-based real-world asset (RWA) tokenization platform saw over 57 million tokens sold in a short space of time, prompting the early transition to Stage 4 of the presale. The token price has now increased to $0.06, offering investors a final opportunity to secure tokens before the official launch.

Stage 4 presale: Skyrocketing exposure and advanced investments

With growing demand for Rexas Finance tokens, stage 4 of its presale represents the last opportunity for crypto investors to buy the token before it enters the market at a higher price. During Stage 4, each RXS Token is still priced at $0.06, which is significantly below the level analysts expect RXS to trade at when it becomes available on the open market. 

Having raised $2.75 million in previous stages, Rexas Finance is quickly attracting the attention of retail and institutional investors alike, seeking a strong foothold in the real-world asset tokenization market. Considering the growing pace of demand, many industry observers believe that Stage 4 will sell out quickly, potentially leading to increased prospects for RXS once it is listed on exchanges.

Rexas Finance (RXS) ecosystem: Tokenization of real-world Assets

The Rexas Finance platform features one of the most attractive solutions that concentrate on the tokenization of many different kinds of tangible assets like real estate, works of art, and other valuables. Rexas Finance serves as a bridge by enabling ordinary investors who otherwise, would not have been able to engage with such high-value markets and hence engage in partial returns on objects that were previously inaccessible.

The Rexas Finance system provides its customers with a streamlined workflow for the tokenization and trading of real assets through blockchain technology. This eliminates many of the challenges typically associated with financing artwork or property, such as high upfront costs and asset liquidity issues. Given its current trajectory, the increasing number of assets tokenized on the platform indicates the disruption of trillion-dollar industries, making the project one of the most attractive in 2024.

$1M Giveaway: Offering rewards to early investors

In addition to the robust presale, Rexas Finance has announced a $1 million giveaway as part of an initiative to welcome and reward those who subscribe to the presale stages. This initiative has attracted even more investors, as those who participate in the giveaway have the opportunity to win significant rewards, further increasing attention on the token. 

By offering $1 million to potential funders and utilizing a specific mechanism for creating added value during the presale, Rexas Finance makes it even more enticing to become part of its growing ecosystem as an early investor before the token becomes available. Many believe that RXS’s listing will likely lead to a price surge for the token, making presale investment an attractive opportunity to benefit from both the token’s price rise and the giveaway.

Final Overview: The future of Rexas Finance looks promising

As Rexas Finance (RXS) enters Stage 4 of its presales, it appears to be on track to become a significant force in the tokenized real-world asset market. With $2.75 million raised and over 57 million tokens sold, the successful presale of Rexas Finance reflects the market’s demand for RWA tokenization.

Since the $1 million giveaway is still ongoing and the token price remains at $0.06, now could be an opportune time for investors to get involved before RXS goes public. As the Rexas Finance ecosystem expands, the anticipated growth is expected to drive token price appreciation, offering early investors the chance to realize significant returns soon.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

FET has experienced a 5% decline over the past week and now faces further downward pressure as dormant token holders reactivate and move their coins.

With bearish sentiment prevailing and insufficient demand to absorb the increased supply, FET’s price is likely to continue its downward trend.

Old FET Tokens Back in Circulation

During the intraday trading session on Wednesday, FET recorded a significant surge in its age consumed. The metric, which tracks the movement of long-held coins, surged by over 600% in a single day, reaching 1.33 billion — its highest since September 13. 

When an asset’s age consumed spikes, it indicates that many previously inactive coins or tokens have recently been moved or traded. These spikes are often noteworthy because long-term holders rarely move their assets. Therefore, when they happen,  they are often a precursor to a change in market dynamics. 

Read More: How Will Artificial Intelligence (AI) Transform Crypto?

Generally, when dormant coins re-enter circulation, it indicates renewed activity from long-term holders. However, the market must show strong demand for this to translate into positive growth for an asset’s price. 

In FET’s case, this is lacking as market sentiment toward the altcoin remains bearish. Hence, these previously stagnant coins have re-entered the market during a period of weak demand, adding to the downward pressure that the altcoin already faces. 

Currently, FET’s price sits below its 20-day exponential moving average (EMA) and 50-day small moving average (SMA), confirming the weakening demand. The 20-day EMA measures its average close price over the last 20 trading days, while the 50-day SMA is a longer-term indicator that tracks the asset’s average closing price over the past 50 days.

When an asset’s price trades below these key moving averages, selling pressure outweighs buying activity. Traders interpret this setup as a signal for further downward movement. 

FET Price Prediction: Token May Revisit Two-Month Low

Readings from FET’s moving average convergence/divergence (MACD) indicator show that its MACD line (blue) is below its signal line (orange) and is poised to breach its zero line. When this indicator, which tracks an asset’s trend direction and potential price reversal points, is set up this way, buying pressure is weakening, and a sustained price decline is likely.

If FET continues to witness a decrease in demand, its price may fall to a two-month low of $0.70. 

Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

However, if market sentiment shifts from bearish to bullish, FET’s price may initiate an uptrend and rally toward $2.09.