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

Key takeaways

• Bitcoin trades in the $60k region and could dip further if the bearish momentum continues.
• $0DOG is down 6% in the last 24 hours but continues to trade above $0.006 per coin.

BTC could dip below $60k as bears remain in control

The cryptocurrency market has been bearish since the start of the week, with the prices of most coins and tokens currently in the red. Bitcoin, the leading cryptocurrency by market cap, is down more than 2% in the last 24 hours.

At press time, Bitcoin’s price is $60,737, but if the bearish trend continues, it could drop below $60k soon. Analysts believe Bitcoin is consolidating and could rally higher in the medium term. 

What is Bitcoin Dogs?

The cryptocurrency market has been consolidating in recent weeks, but new projects continue to emerge, offering investors more ways to invest in the market. Bitcoin Dogs is a new project offering products and services to users in the Bitcoin ecosystem. 

It leverages the growth of the Bitcoin blockchain to become a leading coin. Bitcoin Dogs is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. 

Following its successful presale, where it raised $13 million, Bitcoin Dogs is currently working on incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

$0DOG, Bitcoin Dogs’ native token, is live on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools. 

$0DOG underperforms alongside the broader crypto market

$0DOG is underperforming, similar to the broader crypto market. The token has lost 6% of its value in the last 24 hours but continues to trade above $0.006 per coin. 

Despite the bearish market, the Bitcoin Dogs team continues to roll out new features and services for its users. Earlier this week, the team rolled out the $0DOG-ETH LP Farm, with an APY of 447%. 

This latest development allows investors to add liquidity to the Bitcoin Dogs ecosystem and receive massive returns on their investments. 

Should you buy the Bitcoin Dogs token with this retracement?

The cryptocurrency market has been underperforming in recent weeks, and Bitcoin Dogs is no exception. $0DOG is down from the all-time high of $0.01792 it achieved last month. 

The retracement provides a buying opportunity for investors as the token could soar higher once the bulls regain control of the broader cryptocurrency market. The team is already rolling out its products and services, including a blockchain-based game and several staking opportunities. These developments could push $0DOG’s price higher in the medium to long term.