XRP And This New Altcoin Backed To Explode After Bitcoin Halving

With the Bitcoin halving now in the books, traders are gearing up for the highly-anticipated “altseason”.

Traditionally, altcoins start to gain momentum after the halving and go parabolic in the early summer. Experts such as Rekt Capital believe now is the perfect time for accumulating altcoins before they explode in late May and early June.

Analysts have identified XRP to be one of the first cryptocurrencies to breakout during the aforementioned “altseason”.

Popular crypto trader Captain Faibik, who has over 88k X followers, reveals that the latest XRP dip is the last opportunity to buy the crypto before its explosive bull run.

$XRP Last Buying Opportunity before the Bullrun 2024-25 !!#Crypto #XRP #XRPUSDT #XRPArmy pic.twitter.com/Si1siDe85s

— Captain Faibik (@CryptoFaibik) April 21, 2024

Low-cap cryptocurrencies are also facing significant demand. For instance, the new crypto presale Bitcoin Minetrix has raised over $13 million, with experts backing it to potentially deliver 100x returns after its launch.

XRP Price Breakout Imminent – Last Chance To Buy?

XRP has displayed one of the longest sideways consolidatory price actions amongst altcoins, often frustrating traders with its lack of upside.

This is crystal clear when comparing the XRP price chart against BTC. While XRP has faced selling pressure during BTC’s bearish periods, it has not shown nearly the same level of bullishness over the past months.

However, the bulls are not discouraged by the tepid price action. Longer consolidation often results in stronger breakouts and experts believe that a “God Candle” could be coming in the near future.

Resistance And Support Levels To Watch For XRP

While XRP appears poised to explode, it would still need to clear several crucial resistances to gain bullish momentum.

For instance, the token would need to breach its 4-hour 200 Exponential Moving Average – which is currently at $0.56. Popular trader CoinsKid even reveals that he is looking to short the XRP coin once it tests the 4-hour 200 EMA.

Bullish investor Dark Defender highlights $0.66 as another important resistance level. The bulls would also need to flip the $0.93 price point to reach the monumental $1 milestone.

As far as the support levels are concerned, crypto trader XRP Whale has identified $0.48 as a “steel wall” that can’t be broken. However, the cryptocurrency would also need to defend the $0.52 price point.

Important Day Today In Ripple Vs SEC Lawsuit

XRP crypto could show volatility today on April 22nd, with Ripple set to file its opposition brief in the ongoing remedies-related hearing.

The arguments will be crucial in the court’s decision regarding the size of the penalty levied on Ripple for violating the Securities Act with its institutional sales. The redacted version of this brief will be available publicly on April 24th and the SEC will file its reply on May 6th.

#XRPHolders ???????? #Ripple Vs #Sec Major Date 22nd April. 2 Days To Go #XRP ???????? pic.twitter.com/r302ETiy4b

— XRP CAPTAIN (@UniverseTwenty) April 20, 2024

Unsurprisingly, the Ripple vs SEC lawsuit continues to have a major impact on XRP. However, the big decision that investors are watching out for is whether or not the SEC decided to appeal its initial loss to Ripple in July 2023.

Could New Crypto Bitcoin Minetrix Offer 100x Returns?

With the bull market expected to resume in May, the mining industry is set to turn extremely profitable in the coming months.

Consequently, experts are bullish on mining stocks and a new cloud mining token, Bitcoin Minetrix ($BTCMTX). Popular crypto YouTube channels such as Predir Capital and OnlineHustleTV believe that Bitcoin Minetrix could potentially see a 100x surge in its value.

Indeed, Minetrix’s decentralized cloud mining concept has seen strong early demand, with token raising over $13.2 million in its presale. Considering that its ICO is set to end on April 28th, the hype and FOMO surrounding the project is only increasing.

This could be the last chance to buy the new crypto at its discounted price of $0.0148.

While the potential appreciation in BTCMTX value is attractive on its own, Minetrix also makes BTC mining rewards accessible to investors. Eliminating the large capital investment required in the traditional crypto mining process, Minetrix users simply need to stake $BTCMTX tokens to earn BTC rewards.

Additionally, investors will also earn additional passive income for simply partaking in the staking process.

Visit Bitcoin Minetrix Presale