February has been challenging for crypto enthusiasts, as Ripple’s XRP price has dropped by 31%, while Litecoin (LTC) has fallen below the $110 support level. The overall negative sentiments in the crypto market have increased due to macroeconomic and regulatory challenges. Despite these challenges, there are some projects showing high relative strength and emerging as alternatives to Litecoin and XRP prices.
A new DeFi project, DTX Exchange, has taken the market by storm with its novel hybrid trading platform, which combines the advantages of centralized and decentralized exchanges. Due to huge interest from retail and institutional investors, its token presale has amassed $15.15 million and is offering tokens at a discount in the bonus (final) round.
XRP Price Breaks Strong Support, $1.90 Next Support For Ripple
Ripple (XRP) has long ruled the crypto market, dominating cross-border financial payments. Adding to its strong position, the recent political changes triggered a parabolic rise in the XRP price. However, in the ongoing market correction, Ripple has suffered strong selling. In the past 30 days, the XRP price has lost over 30% of its market cap and has retraced to 0.382 FIB level of the November rally.
Courtesy: TradingView
With a sharp drop on Tuesday, Ripple’s XRP price broke the previous swing low of $2.26, confirming the bearish trend with lower lows and lower highs. The RSI indicator dropped to 34, signaling increased selling pressure. With almost all parameters signaling sell, Ripple investors are seeking higher upside potential options so they can recover losses of the recent XRP price loss.
Litecoin Continues Consolidation After Rejection
With crypto markets seeing nearly $750 million in liquidations over the past 24 hours, Litecoin is losing steam. The price has dropped 8.64% in a day and is now trading at $113.31. Litecoin started the week at $130 and has dropped over 17% in just two days. On Monday, LTC fell below the first support level at $120, gaining bearish momentum. It hit a weekly low of $106 on February 25.
Crypto analyst Ali Martinez warns that Litecoin could crash if the major consolidation in the daily chart is broken. A head-and-shoulder reversal from the overhead resistance has pushed Litecoin down below the mid-line near $115. He added that as the next crypto bull run is on the horizon, investors should consider diversifying away from LTC to emerging disruptors like DTX Exchange.
DTX Presale Bonus Round: Last Chance to Participate
As the XRP price has entered a bearish trend and investors fear a crash in Litecoin, the DTX Exchange has raised investor interest with its undervalued token, which presents a strong utility. The token has reached the final stage and is selling rapidly due to its discounted price of $0.18.
While traditional exchanges deal in a single asset, DTX users can trade a comprehensive range of assets like equity, crypto, ETFs, and forex. All this is in a single place without compromising privacy, as the platform boasts a no-KYC policy.
While many platforms regularly suffer online hacks, DTX Exchange ensures the safety of user funds with a multi-layer security system and cold storage options. The recently launched non-custodial Phoenix Wallet has attracted massive attention, with over 856,223 user downloads.
Further focusing on the community, DTX Exchange has launched various income generation models, one of which is the VIP rebate program. This program allows users to become special partners and earn up to a 3% share of exchange revenue.
Conclusion
While Litecoin and XRP price predictions remain negative, DTX Exchange has become a promising prospect with high growth potential. Its ability to solve issues in traditional trading markets, such as high fees and slow speed, gives it an edge. For investors looking for a cryptocurrency with the potential to surge 1,000% in 2025, DTX Exchange offers a clear opportunity for real growth and wider crypto adoption.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
