XRP Price Prediction: Ripple Fails To Boost Price Amid Suppression Rumors, Prompting Investors' Move Into This 1000x Altcoin

Recently, the crypto market has been booming, with Bitcoin (BTC) briefly soaring above $71,000. However, some altcoins, like Ripple’s XRP, have not caught the green wave as XRP price showed a weekly 4% decline.

Cryptocurrency prices have been on a roller coaster ride in recent times, with Bitcoin (BTC) briefly crossing the $71,000 mark. However, some altcoins, like Ripple’s XRP, have failed to ride the green wave, with XRP prices showing a weekly 4% decline. This poor XRP price performance could be linked to the renewed uncertainty surrounding Ripple’s prolonged legal battle with the SEC. In light of this, investors have begun shifting their focus to a promising altcoin called ETFSwap (ETFS), which offers the potential for 1000x profits.

XRP’s projected to outpace ETH and BTC in the near future, with some predicting it could reach $120, a remarkable 20,589% increase. This optimism remains despite Ripple's ongoing legal troubles since 2020. Recent legal victories for Ripple are expected to drive significant growth in XRP’s value. On October 29, XRP price hit a new weekly high of $0.53, rising 7.4% over a dramatic four-day rally.

This week, increased usage of the Ripple network following the launch of the RLUSD stablecoin prompted traders to adopt more bullish positions. If this positive trend in Ripple’s network activity continues, the 7.44% price recovery observed on October 29 could escalate into double digits in the coming days, moving XRP price towards the $0.57 level.

Bollinger Bands on the daily Ripple’s XRP/USD technical chart indicate a narrowing trading range, with XRP price currently testing the middle band at $0.5323. This $0.53 resistance coincides with the 20-day moving average, and if breached, it could pave the way for a significant XRP price breakout towards the next psychological level of $0.057.

ETFSwap (ETFS): A 1000x Profit Potential Altcoin Revolutionising ETF Trading

While Ripple’s ongoing battle keeps XRP’s price stagnant, ETFSwap (ETFS) helps investors offset potential losses with its 1000x profit potential. ETFSwap (ETFS) is a groundbreaking DeFi altcoin project that goes beyond typical altcoin trading, blending traditional finance with decentralised technology.

ETFSwap (ETFS) allows users to buy and sell ETFs from sectors like technology, healthcare, and commodities and trade them with cryptocurrencies and real-world assets like Gold. Since the ETFSwap (ETFS) prioritises users interest, the trading platform has made its entry process easy and its user interface very operable. To be precise, the platform has employed a non-KYC verification strategy, eliminating traditional banking interference.

This feature grants both small and medium traders privacy and autonomy over their funds. Not only will users be able to trade ETFs easily, they can also trade them using perpetual trading with up to 50x long and short options. This provides traders with risk coverage, enhancing their potential gains through the flexibility and innovation of DeFi features. Traders can also open and close trades anytime and customise their trading strategies how they see fit.

Leveraging blockchain technology, the ETFSwap (ETFS) altcoin provides transparent, secure, and decentralised trading. The altcoin has undergone stringent KYC verification by the renowned SolidProof and its entire ecosystem, as well as an audit from CyberScope. Recently, the altcoin ETFSwap (ETFS) deployed its beta platform on Tesnet.

With so much to offer, its perpetual trading system and AI-powered ETF tools are the main features that have captured users’ interest. With backend development already complete after a series of UI testing, phase 2 of the ETFSwap (ETFS) beta platform will introduce AI-powered trading tools like ETF screeners and trackers to help users with market analysis and smart trading decisions.

Conclusion

As XRP price grapples with stagnation amidst Ripple’s legal hurdles, ETFSwap (ETFS) emerges as a promising altcoin for investors seeking significant returns. With its native utility token scheduled to launch on major exchanges, analysts expect a bullish run. When that happens, investors who buy the ETFS token now while it’s still selling for $0.05769 at the bonus and final stage are set to make up to 1000x gains.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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