While Ripple battles continued price volatility and uncertainty, XRP fluctuates between $0.52 and $0.56 price levels this week. As a result, analysts wonder if XRP’s awaited price breakout will ever come or if an extended downturn seems more likely, given that Ripple’s SEC lawsuit has yet to be fully resolved. In the midst of the current crypto market uncertainty, buyers and crypto whales are pivoting their focus: venturing into fast growing next-gen cryptos including JetBolt (JBOLT).
JetBolt is quickly becoming the top new altcoin of 2024. With over 40 million tokens sold in its presale, it's attracting crypto whales at lightning speed, thanks to its unique blend of AI and zero gas appeal.
XRP Price Breakout: Imminent or Just Wishful Thinking?
This week, following Ripple’s Swell conference, a flurry of new XRP Price breakout predictions have come to the fore. Amongst the most bullish forecasts, some even suggest new all time highs in future months if Ripple is able to resolve its lingering SEC setbacks, but is a 1000x XRP pump possible?
Likely not according to some of the most respected voices in the crypto community, citing persistent price pressures and uncertainty which have maintained XRP’s price below $0.66 for the last 3 months.
Beyond the Ripple vs SEC case, even in an optimistic scenario, XRP’s price rise could happen if adoption and demand for Ripple’s usage grows, possibly propulsing the coin to $1 which could amount to a 2x increase, but a 1000x pump seems a wild forecast given that such a feat is rarely seen amongst large cap tokens of which XRP is one.
XRP currently trades at $0.5493 at the time of writing, and although XRP has made 12 month gains, the token’s price is down by 4.1% over that last 30 days, indicating that bearish price pressure may outweigh the bullish momentum needed to catapult XRP price and market capitalization to new highs.
XRP to USD 30-day price chart showing price changes; chart from CoinMarketCap
The main factor contributing to Ripple’s ongoing sideways trading and price decline is the continued legal battle and newly launched appeal by the SEC against Ripple Labs. While Ripple was awarded a partial victory in the Southern New York District court which included a $125 million penalty, the SEC has not ceased its pursuit of Ripple.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
While Ripple Labs CEO Garlinghouse sought to shift attention towards Ripple’s new partnerships, possible ETF launch, and upcoming RLUSD stable coin inauguration, bullish sentiment seems to have been short lived.
While large cap coins such as XRP are held back by sluggish movement and sell pressure, newer altcoins are having their moment in the sun. JetBolt (JBOLT), an increasingly popular next generation cryptocurrency is skyrocketing above milestone after milestone, gathering whale attention and a growing holder base as its presale shoots beyond 40 million sold tokens.
Crypto Whales Swarm to JetBolt Fueled by Its Zero-Gas Breakthrough
Marking a major turning point, JetBolt (JBOLT) is gaining momentum amongst crypto whales joining in the buying frenzy which has propelled JetBolt presales beyond 40 million tokens. Why is JetBolt all the rage? With its disruptive zero gas technology from Skale, JetBolt represents a potentially transformative leap in the blockchain industry, overcoming one of cryptocurrency’s primary hurdles.
JetBolt is so much more than just a Zero Gas pioneer. This innovative altcoin merges Artificial Intelligence and blockchain technologies with useful AI utility, and a seamless integrated Web3 wallet, pushing the boundaries of user-friendly design in Web3. It’s therefore no wonder that JetBolt has been gaining traction amongst buyers exploring top next generation coins as well as crypto whales with an emphasis on and revolutionary new technologies.
JetBolt’s has also been gaining popularity thanks to presale perks, ranging from exclusive discounts of up to 25% through batch purchases and Alpha boxes. As the price of JetBolt tokens rises every 24 hours in the presale, buyers are eager to be amongst the vanguard to also enjoy the coin’s utility and functionality today.
While XRP wrestles within above $0.52 and below its $0.565 price resistance level this week, it’s clear that new coins like JetBolt are amongst the winners in the crypto market this month, and momentum does not appear to slow anytime soon as the JetBolt surge continues.
Summary: Ripple’s 1000x Dream on Hold as Whales Eye JetBolt
While Ripple’s continued uncertainty keeps XRP below $0.565, XRP holders and the entire crypto community await with bated breath for the next episode in the Ripple saga. At the same time, newer coins like JetBolt are attracting crypto whales and Web3 users into their ranks of holders and users, as JBOLT momentum continues to widen. As more and more users adopt the JetBolt token, it’s increasingly noticeable that the token’s presale growth is capturing the attention of crypto whales and buyers on the hunt for the next big crypto and the next generation of innovative alt tokens.
Learn more about the new generation JetBolt via the ressources below:
JetBolt Website: https://jetbolt.io/
X/Twitter of JBOLT: https://x.com/jetboltofficial
Telegram: https://t.me/jetboltcoin
Please note that this story does not contain financial advice, or advice of any kind. Make sure you do research on your own and comprehend that risks and volatility are present in all coins and tokens.
