Ripple has disappointed its holders as the month comes to an end. The XRP traders are seen dumping the token and shifting to a better, more viable investment option- IntelMarkets (INTL). Despite the hype surrounding the RLUSD of Ripple, the XRP token has failed to register notable gains this month, causing a massive shift of investors to the emerging AI-driven platform!
Forecasts for Ripple’s XRP price have been optimistic; some market observers see a rise to $20 this cycle. However, on-chain data and market dynamics provide a closer look that suggests this goal could be overly ambitious.
Santiment claims that XRP’s Network Value Ratio (NVT) ratio has hit 477, meaning the market capitalization of Ripple exceeds the increase in network transactions. Historically, such high readings have been linked to overpriced conditions, raising the prospect of a market correction.
Furthermore, the Price-Daily Active Addresses divergence statistic indicates a decline in XRP Ledger user involvement. Despite the token’s increased price, the Ripple stablecoin launch of RLUSD, fewer wallet addresses are connecting with the network, dropping by more than 326%.
This discrepancy implies that organic user activity does not match the recent price action, casting doubt on the long-term viability of the XRP surge. Technical analysis also indicates bearish momentum. Ripple has seen strong resistance around $2.35 before returning to $2.31.
Purchasing pressure is fading as the Moving Average Convergence Divergence indicator on the 4-hour chart turns negative. XRP’s recent consolidation patterns resemble those experienced before large drops, raising the prospect of a pullback to $1.90 in a very bearish scenario. The RLUSD launch has failed to push the XRP price above.
The market experts predicted a highly bullish scenario for Ripple following the launch of RLUSD. The launch of RLUSD was expected to cause a massive surge in the XRP momentum. However, these predictions remained futile!
While long-term growth prospects for XRP remain optimistic, particularly given its institutional use cases and progress in the SEC lawsuit, reaching $20 this cycle is implausible. Instead, the token may experience increased volatility and struggle to maintain its recent gains amidst larger market headwinds.
IntelMarkets (INTL) is among this year’s most cutting-edge projects. The platform utilizes artificial intelligence to provide traders with real-time information, predictive analysis, and automated trading methods. InterMarkets’ self-learning trading robot, Intell-M, processes massive quantities of data across many asset classes to give owners an advantage in the competitive market.
IntelMarkets features up to 1,000x leverage trading, automated robots, and access to exclusive trading opportunities. Traders with the INTL token get lower costs, exclusive deals, and the option to copy trade from professionals. These features position IntelMarkets as a leader in delivering cutting-edge solutions for modern traders.
Since the second half of 2024, IntelMarkets has been one of the top-performing projects. Its ongoing presale has raised almost $5.6 million, and the growing community of traders and investors reflects its rapid adoption. The INTL token’s price has soared by 700%, climbing from $0.009 to $0.073 in the eighth presale stage, outperforming other ICOs.
Analysts believe the platform’s AI-driven marketplace has the potential to revolutionize the $264 billion crypto trading industry, with predictions of a 5x rally after its official launch.
While projects like Ripple (XRP) show investors dumping it, IntelMarkets offers unique advantages. The platform’s smaller market cap than these coins creates opportunities for higher price gains with less investment.
Additionally, its revolutionary AI platform positions it for dominance in the crypto trading and AI markets. Experts predict IntelMarkets could achieve 800% growth by 2025, cementing its status as a long-term player in the crypto industry.
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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