The Price of Ripple (XRP) Could See a Rally This Month

Ripple (XRP) is one of the top crypto coins that has recently experienced some ups and downs. Over the past month, the Ripple price has dropped by more than 10%

Cryptocurrency markets are experiencing turbulence, with several shifts occurring among traders. While some are maintaining their focus on established altcoins like XRP and AVAX, others are exploring new opportunities.

As highlighted by prominent market analyst Dark Defender, XRP may be poised for a potential bull run in November. This deduction is based on the tendency for XRP to surge during periods of declining Bitcoin (BTC) dominance, as observed in 2017 and 2021.

According to Dark Defender's analysis, XRP is currently experiencing a buildup of strength, with the momentum indicator sitting at -0.011, which signifies bullish control. This technical observation aligns with the anticipation of a potential surge to $0.60 by the end of November, as suggested by several experts.

Meanwhile, market attention is also shifting toward DTX Exchange (DTX), a phase four presale standout. Despite the recent performance of AVAX, which could indicate a potential bullish rebound, an increasing number of traders are expressing interest in the DTX token.

As highlighted by BlockchainBaller, AVAX is currently encountering strong support at $24.80, following a decline from $26. This technical observation may bode well for a possible price rally toward $30.

Furthermore, Grayscale's recent filing with the SEC to convert its Digital Large Cap Fund into an ETF has garnered attention. If approved, this development would provide broad access to a range of cryptocurrencies, including AVAX, through a traditional exchange.

In summary, while XRP and AVAX continue to pique the interest of traders, emerging altcoins like DTX are also attracting significant attention and delivering impressive returns for early investors.

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