XRP Whales Hoping for 1000% Ripple Breakout While JetBolt Booms

November 6, 2024
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4 min read

This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

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XRP whales—large-scale holders—are closely watching the market, anticipating a potential price breakout, with some even hoping for a 1000% pump. Donald Trump’s victory over Kamala Harris in today’s US elections has impacted the crypto market, and XRP’s price has rallied by 4.6% during this bullish shift. While larger coins like XRP have rallied, next generation altcoin JetBolt (JBOLT) is also rallying. Its presale booms towards 42 million tokens sold, drawing in crypto whales and altcoin buyers. 

As bullish momentum returns to the market, is a XRP 1000% breakout possible? Can next-gen altcoins like JetBolt seize the momentum and ride the booming altcoin rally? Let’s jump right in. 

Why do Ripple Whales Hope for a XRP 1000% Breakout?

XRP has been surging following the U.S. Presidential Election Day. The rally is supported by Ripple’s latest quarterly report, which has highlighted increased institutional interest and a boost in on-chain activity. 

Ripple has also seen a favorable shift in market sentiment as multiple U.S. exchanges have reinstated XRP, leading to renewed investor confidence. Additionally, companies like Bitwise and 21Shares have applied for XRP-based ETFs, signaling growing institutional interest that could drive further adoption if these funds are approved.

Technical indicators also support a possible optimistic outlook for XRP. Analysts like “Steph Is Crypto” have identified a bullish pattern on XRP’s chart, suggesting the asset has entered “Phase D of the Wyckoff Accumulation” a stage often followed by substantial price movements. 

XRP Breakout momentum building as Ripple gears up for a major move according to analysys by Steph_iscrypto on X

XRP Breakout momentum building as Ripple gears up for a major move according to analysys by @Steph_iscrypto on X.

Historical data reinforces this sentiment. During past U.S. election cycles, XRP saw massive surges, including a 40,337% rally in 2017 and a 566% gain in 2020. 

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While a major Ripple breakout may sound ambitious, these whales are wagering that regulatory clarity and renewed market interest could make it possible. XRP could see a price increase, especially if XRP flips key resistance levels around $0.53 into support. However, given XRP’s current market capitalization, a 1000% price increase seems unlikely in the near future.

As XRP garners attention, next generation altcoins including JetBolt are capturing interest from whales and altcoin users as an exciting young crypto entrant with groundbreaking features.

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JetBolt’s Boom: A Fresh Opportunity in the Crypto Market

JetBolt (JBOLT) is quickly drawing attention as a new altcoin that operates on zero-gas technology through the Skale Network. This innovative feature allows users to make transactions without the high gas fees seen on some other networks. 

This revolutionary setup makes JetBolt appealing to diverse groups within the crypto community. For developers building applications in the Web 3 space, JetBolt provides a low-cost, efficient platform that supports the decentralized vision of the next-generation internet.

Casual enthusiasts benefit from affordable transactions and the ability to engage in microtransactions without worrying about high fees. From this perspective, JetBolt could be truly game changing.

What truly sets JetBolt apart beyond the Zero Gas tech is its ready and user-friendly platform. JetBolt incorporates the power of AI in its crypto news aggregation too, while its integrated non-custodial wallet incorporates the best of WebAuthN. 

Furthemore, JetBolt also includes a potentially rewarding staking experience. Stakers can earn more rewards by engaging on the platform, and even by connecting with friends and thereby adding a social-fi dimension. 

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As part of its presale, JetBolt buyers can enjoy discounts of up to 25% by purchasing through Alpha Boxes or in batches. Furthemore, the price of JBOLT tokens rises every 24 hours throughout the presale period.

XRP Whales Hoping for 1000% Ripple Breakout during JetBolt Boom

Conclusion: XRP’s Price Breakout and JetBolt presale boom

XRP’s holders are holding out hope for a dramatic breakout following the election of Donald Trump and the possible ushering in of a new era for crypto. However, a 1000% price increase does not yet seem on the horizon, and XPR’s gains so far have been closer to 4.6% within the last day. Amidst the current market enthusiasm, new altcoin JetBolt’s presale is booming, attracting whales and a range of users. More than 42 million JetBolt tokens have been purchased so far, and this next generation innovator continues to grow in popularity as a possible altseason emerges.

Discover more about JetBolt by visiting their website, joining discussions on Telegram, or following them on Twitter (now X).

Please remember, this piece does not include any financial advice. Cryptocurrencies, both new and old, are volatile and risky; make sure to research and proceed with caution.

This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

About Brand Press: This is a sponsored content service, enabling brands to directly engage with our technology-focused audience. Please note that Brand Press content is created independently of Techpoint Africa's editorial team.

Interested in reaching our dynamic readership? Connect with us at business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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