XRP's price is showcasing impressive growth as the Ripple network gains momentum during this bullish phase. On-chain data indicates that Ripple whales are investing a vast $300,000 into the new platform's presale. IntelMarkets is picking up steam, bolstered by the strength of Ripple whales. Analysts believe INTL could emerge as the next Cardano due to its greater appeal compared to the ADA token.
XRP Price Analysis: Could Ripple Hit $4.40?
Currently, Ripple (XRP) stands out as one of the top altcoins. According to CoinMarketCap, XRP's price has surged nearly 20% over the past week. During this period, the XRP price climbed from about $2.60 to over $3.10.
Market analyst Ali has made optimistic remarks regarding Ripple (XRP). In his recent X post, he noted that the Ripple token has broken out of a bullish flag, which is promising. He predicts a possible rise to $4.40 for Ripple (XRP).
Nevertheless, Ripple's market cap is now close to $180 billion, which might slow its growth. As this cryptocurrency now requires substantial new investment to drive its price, many investors are turning their attention to INTL. Additionally, on-chain data shows a significant transfer of $300,000 to this emerging platform.
Cardano Faces Challenges Below Crucial Levels! ADA Aims for $1.05 Recovery
Cardano's price action highlights ongoing difficulties as it remains below critical levels. Recently, ADA has struggled to hold above $1.150, leading to a fresh downturn. At present, the Cardano token is below the $1.055 mark and the 100-hourly simple moving average, complicating any potential upward movement.
A bearish trend line is in place, creating resistance near $1.040, which ADA needs to surpass for a rebound. The recent decline pushed the price below $1.050 and even saw a brief dip under the $1.00 mark, with a low point at $0.9615. However, there has been a minor recovery, with Cardano's price rising above $0.990, indicating a possible turning point.
Still, ADA encounters resistance around $1.0250, aligning with the 50% Fibonacci retracement level of the recent drop. If Cardano breaks through the critical $1.050 barrier, it could gain momentum, potentially testing the $1.0880 resistance. A decisive close above this point might trigger a significant rise towards $1.120, with further gains possibly pushing ADA closer to $1.1520 soon.
Traders are keenly watching to see if Cardano can break out of this downward trend and regain its standing in the crypto market.
IntelMarkets Experiences an 811% Surge, More Increases Expected
While Ripple (XRP) and Cardano (ADA) display some price growth, IntelMarkets (INTL) is also capturing attention within the community. IntelMarkets' crypto ICO event has already been highly successful, raising over $7 million and achieving an 811% increase. In phase nine of its presale, expectations are that these numbers will continue to rise as momentum builds.
The interest in IntelMarkets is substantial as it plans to launch the first-ever AI-driven smart trading platform. This will offer users self-learning trading robots that enhance their performance over time. Additionally, its autopilot trading bots simplify the trading process by executing trades automatically based on predefined criteria, making trading accessible to all.
INTL serves as the ecosystem's core token. Holders of this altcoin can enjoy up to 30% discounts on trading fees and possess voting rights for platform modifications. Demand for INTL is rising, with 11 million tokens sold during phase nine alone. By phase ten, the token's price is projected to increase to $0.091 from the current $0.082. Moreover, a Tier-1 CEX listing could elevate INTL's value to $0.11. Some experts consider this an ideal opportunity for investors to capitalize on profits.
Discover More About Intel Markets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
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