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Ripple's XRP has been facing a series of hurdles that have left many wondering whether the token can achieve its former glory. As XRP grapples with these struggles, a new altcoin is capturing the attention of XRP long-term holders and whales—JetBolt (JBOLT).
JetBolt recently achieved over $200,000 in sales shortly after its presale launch. This has prompted large traders to notice this new altcoin and diversify their holdings as JetBolt continues soaring. Will XRP explode once it launches the fully functional RLUSD, or will JetBolt continue its meteoric rise as whale activity surges?
While Ripple’s XRP is showing signs of life, there’s no denying the uncertainty that hangs over it. After rebounding from its $0.5 support level, XRP broke through the 200-day moving average, surging past the critical $0.66 mark.
For the first time in six months, XRP is pushing towards the $0.7 resistance zone. Yet, this upward momentum comes with caution. Some analysts highlight that XRP’s recent rally could be short-lived, and traders are closely watching whether XRP can maintain its momentum.
On top of this, Ripple is still dealing with the aftermath of its legal battles with the US SEC, as the looming SEC appeal hangs over the token. According to reports, the agency has until October 7 to decide if it will challenge the court ruling.
Adding to these challenges is the delay of the Ripple USD (RLUSD) launch. Ripple first announced its intention to launch the RLUSD in April but has been pushed back to next year as the stablecoin is still undergoing extensive testing. This has raised concerns within the community, especially as the wait for a fully functional RLUSD grows longer.
However, according to the RLUSD tracker, a total of 1.7 million RLUSD tokens have been minted across the XRP Ledger and Ethereum (ETH) blockchain. Analysts say that with the increased minting activity, the official launch of RLUSD tokens might be near.
As of now, XRP exploding 100x is not likely, with these setbacks testing the patience of XRP holders. In the face of these uncertainties, Ripple whales have begun looking elsewhere for opportunity. With JetBolt (JBOLT) surging onto the scene, offering fully functional features from day one, it’s no surprise that whales are jumping ship.
JetBolt is steadily ascending in popularity, and it’s no coincidence that Ripple whales are taking notice. Since its presale launch nearly two months ago, JetBolt has been on an upward trajectory, smashing through more than $200,000 in presale sales.
JetBolt's undeniable appeal lies in its innovative AI-powered news and insights tool, which seems perfectly aligned with the growing AI technology. In a market where most blockchains charge high gas fees because of network congestion, JetBolt also offers no gas fees, pioneering the next wave of crypto trends.
Crypto whales, notorious for their sharp instincts and early moves, have been flocking to JetBolt. Large traders are eager to take advantage of JetBolt's features and special presale perks like discounts and instant token access before it hits the mainstream.
The token’s presale performance speaks for itself, with demand showing no signs of slowing down. As whale activity continues to ramp up, JetBolt’s momentum is only getting stronger.
While XRP has shown some signs of recovery, the road ahead remains unclear. Ripple’s legal battles and the delay of RLUSD are weighing heavily on the token. With the 100x explosion seeming impossible yet, many XRP whales are opting to diversify their portfolios, seeking safer waters in newer altcoins like JetBolt. As XRP continues to fight its uphill battle, whales have started betting big on JetBolt as the next big thing.
For more information on JetBolt, check out the links below:
Official Website: jetbolt.io
Telegram: https://jetbolt.io/telegram
X (Twitter): https://x.com/JetBoltOfficial
This article is not financial advice. Always conduct independent and thorough research before acquiring any cryptocurrency.
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