Despite XRP’s recent gains, on-chain data strongly support a potential correction in the coming days. Analysts are supporting this possibility, citing bearish patterns on the chart. These analyses have strengthened the possibility of a price decline soon. While the short-term move of XRP looks overwhelmingly bearish, a new project has gained analysts’ confidence and is showing strong bullish signals. This altcoin, Rexas Finance (RXS), offers incredible growth potential and could hit unprecedented heights once it is officially listed.
Ripple (XRP): Bearish Signals Hint at a Drop to $1
XRP is facing selling pressure, which is sparking concerns about its price action. Its momentum is slowing down as new investors take profit. The number of active addresses peaked on March 2 and has since dropped. This implies that many investors sold their holdings after taking advantage of the price surge. Usually, a slow down of trade activity like this results in more price declines.
XRP/USDT 1D Price Chart|Source:TradingView
On March 3rd, Ripple’s funding rate was a positive 0.0103%. However, it has since decreased to -0.0022%, suggesting a surge in short positions. Now with a ratio of 0.9798, long to short positions have also dropped below the critical 1.0 level. Thus, if this pattern holds, XRP might experience a much further price drop in the coming days. In the spot market, fewer investors are selling than buying. According to Coinglass data, U.S. retail investors have driven notable sell-offs on major exchanges. This sell-off suggests higher downward pressure, leading to a net outflow of $230,000. Analysts are also weighing the possibility of a significant drop. Crypto expert Bluntz, having precisely foreseen Bitcoin and Solana corrections, warns that XRP is at risk. He points to a negative divergence in the XRP/BTC chart that shows the coin is losing momentum. Bluntz also thinks XRP is undergoing an ABC correction and might drop to $1 before stabilizing.
Ripple ABC Correction|Bluntz ON X
Another prominent analyst, Ali Martinez, projects a similar price movement. In a recent post on X, he notes that XRP has formed a head-and-shoulders pattern that is usually bearish. The key support level is at $2. Should XRP fall below it, there could be a rapid drop to $1. As Bitcoin continues struggling, XRP may face downward pressure in the short term. XRP trades at $2.6 at press time, following a 4.4% increase in the past day.
Rexas Finance (RXS)
While Ripple’s short-term outlook is bearish, Rexas Finance (RXS) presents a promising opportunity for crypto right now. It has seen a solid 566% increase and could witness further gains in the coming months. The numbers behind Rexas Finance speak for themselves. The presale has been a resounding success and is over 90% complete. So far, over $47 million, with more than 455 million tokens sold. This shows strong confidence among investors betting on RXS’s future. The token’s official launch on June 19 is drawing near, and analysts are already making predictions. Many suggest an even bigger price explosion post-launch. Some estimates suggest that RXS could reach $25 or higher, offering a massive return on investment for those who buy in now. Rexas Finance offers real-world utility instead of speculative value, which has drawn in investors as the market shifts towards real value. This project is revolutionizing real-world asset (RWA) tokenization. Tokenization turns real-world assets like real estate and commodities into digital tokens anyone can invest in. Because of RXS, financing unprecedented for the super wealthy is finally accessible due to the removal of boundaries revolving around exorbitant expenses and low liquidity.
Rexas Finance has a robust ecosystem in place to support enduring adoption and stable growth. The Rexas Token Builder makes it easy for anyone to create digital assets, eliminating technical barriers for businesses and entrepreneurs.
The QuickMint Bot allows instant asset tokenization through messaging platforms like Telegram and Discord. Hence, people can create tokens with ease even on the go. Meanwhile, the Rexas GenAI platform is setting new standards in digital art creation. It leverages artificial intelligence to produce high-quality NFTs. Rexas Estate is another brilliant tool that makes fractional real estate investment possible.
Security is also a top priority for Rexas Finance. Unlike many projects with little transparency, RXS has been fully audited by CertiK. Investors can feel at peace and secure that their investments are secure. Additionally, the team has launched a $1 million giveaway to reward early adopters and drive mass adoption. The upcoming exchange listing will fuel demand and drive a price explosion. Its listing on major exchanges will attract a wider crowd and also ensure stability. Factors like the rapid growth of the RWA sector and its remarkable presale performance could drive its potential to deliver gains as high as analysts project. Thus, RXS could be one of the biggest gainers this year in delivering life-changing returns.
Conclusion
While XRP’s short-term outlook appears bearish, Rexas Finance (RXS) stands out as a high-potential altcoin poised for explosive gains. As the market shifts toward projects with real-world utility, RXS could see a parabolic rise post-launch. Whether XRP can regain its bullish momentum remains uncertain. However, for those seeking the next breakout star, Rexas Finance is proving to be a game-changer in the crypto space.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
