XRP and This New Altcoin Supported to Explode After Bitcoin Halving

With Bitcoin halving, traders are preparing for the highly anticipated “altseason.”

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

Analysts have identified XRP as one of the first cryptocurrencies to break through during the aforementioned “altseason.”

Popular cryptocurrency trader Captain Faibik, who has over 88,000 X followers, reveals that XRP’s latest drop is the last opportunity to buy the crypto before its explosive bull run.

Small-cap cryptocurrencies are also facing significant demand. For example, the new crypto presale Bitcoin Minetrix has raised over $13 million, with expert support to potentially generate 100x returns after launch.

XRP Price Breakdown Imminent – ​​Last Chance to Buy?

XRP has displayed some of the longest sideways price consolidation action among altcoins, often frustrating traders due to its lack of upside.

This is abundantly clear when comparing the XRP price chart with BTC. Although XRP has faced selling pressure during BTC bearish periods, it has not shown the same level of optimism in recent months.

However, the bulls are not deterred by the tepid price action. Longer consolidation often leads to stronger breakouts and experts believe that a “god candle” could arrive in the near future.

Resistance and Support Levels to Watch for XRP

Although XRP appears poised to explode, it will still need to overcome several crucial resistances to gain bullish momentum.

For example, the token is expected to surpass its 4-hour 200 exponential moving average, which is currently $0.56. Popular trader PartsKid even reveals that it is looking to short the XRP coin once it tests the 4-hour 200 EMA.

Optimistic investor Dark Defender highlights $0.66 as another important resistance level. The bulls are also expected to reverse the price of $0.93 to reach the monumental $1 mark.

As for support levels, crypto trader XRP Whale identified $0.48 as a “wall of steel” that cannot be broken. However, the cryptocurrency will also need to defend the $0.52 price level.

Important day today in the Ripple vs. SEC lawsuit

The XRP crypto could show volatility today April 22 as Ripple is set to file its opposition brief during the ongoing appeals hearing.

The arguments will be crucial in the court’s decision regarding the amount of the penalty imposed on Ripple for violating the securities law during its institutional sales. The redacted version of this brief will be made public on April 24 and the SEC will file its response on May 6.

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

Could New Crypto Bitcoin Minetrix Deliver 100x Returns?

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

Therefore, experts are bullish on mining stocks and a new cloud mining token, Bitcoin Minetrix ($BTCMTX). Popular crypto YouTube channels such as Predict Capital and OnlineHustleTV estimate that Bitcoin Minetrix could potentially see its value increase by 100 times.

Indeed, Minetrix’s decentralized cloud mining concept saw strong initial demand, with the token raising over $13.2 million during its presale. Given that its ICO is set to end on April 28, the hype and FOMO surrounding the project is only increasing.

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

While the potential appreciation in BTCMTX value is attractive in its own right, Minetrix also makes BTC mining rewards accessible to investors. By eliminating the significant investment required in the traditional cryptocurrency mining process, Minetrix users simply need to stake $BTCMTX tokens to earn BTC rewards.

Additionally, investors will also earn additional passive income by simply participating in the staking process.

Visit the Bitcoin Minetrix Presale

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