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Can Ripple Grow 1000% As JetBolt Presale Booms

By Published On: November 4, 20241.2 min readViews: 280 Comments on Can Ripple Grow 1000% As JetBolt Presale Booms

The notion of XRP reaching a 1000% rally is highly ambitious and, realistically, not feasible under current conditions. Picture XRP’s market situation like a tug-of-war: buyers and sellers are almost evenly matched, resulting in a steady back-and-forth rather than a decisive move. 

According to TradingView, XRP’s technical indicators, including the token’s moving averages and oscillators, show a “neutral” stance, meaning that the forces pushing the price up and pulling it down are nearly balanced. This neutrality indicates that without a significant push—a fresh burst of buying or selling pressure—XRP may continue drifting within its current range.

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For XRP holders, key support levels act like safety nets: $0.48 is the first fallback zone, where there’s typically buying interest that can prevent further drops, and $0.45 is the deeper safety level that could stop a sharper decline. 

On the positive side, Ripple’s recent quarterly performance showed promising on-chain activity and rising institutional demand. Trading volumes on top exchanges averaged between $600 million and $700 million daily, suggesting a strong interest in XRP. 

Additionally, major financial firms are eyeing new ways to trade , including future contracts and exchange-traded funds (ETFs). Still, with only $2.3 million in new institutional inflows in October, sentiment among large-scale buyers appears cautious, hinting at a wait-and-see approach.

As XRP holds steady in this tug-of-war, JetBolt’s presale success is drawing interest as a new, dynamic alternative. 

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