Ripple’s XRP has been on a notable uptrend in recent weeks, mainly driven by growing excitement around XRP ETF filings. Last Thursday, the SEC officially recognized Grayscale’s XRP ETF application, sparking a 12% price rally. The next day, the SEC acknowledged another XRP ETF filing from 21Shares, and XRP saw weekly gains of 17%.
Amid XRP’s bullish trend, the up-and-coming altcoin JetBolt (JBOLT) is likewise capturing significant attention. Hooked by its trailblazing features like zero-gas technology, crypto whales are eagerly partaking in JetBolt’s presale galore, which has astonishingly sold nearly 330 million tokens.
Could XRP and JetBolt be the stars that could lead the next altcoin breakout? Dive in as we uncover why whales are betting big on XRP ETFs and JetBolt.
Ripple (XRP): Could XRP be on a Bullish Breakout to $4?
Ripple’s XRP is trading as of writing at $2.72, posting a nearly 30% growth over the past two weeks. From a flash crash at $2.10 on February 3rd, XRP saw a 12% increase last Thursday, as the SEC officially recognized Grayscale’s XRP ETF application. On February 15th, the SEC acknowledged another XRP ETF filing from 21Shares, leading XRP’s price to reach an intraday high of $2.82.
XRP’s 7-day price chart reflecting its uptick from February 14th according to CoinMarketCap
XRP’s recent uptick has sparked speculation among market observers, including some analysts who suggest that the current third-largest cryptocurrency by market cap appears to be forming a bullish pattern that could indicate further price movement.
Notably, XRP has surged above its crucial 50-day exponential moving average (EMA) at $2.65 and if the momentum continues to build, a significant rally in XRP could be on the horizon. In a recent post, crypto analyst Ali Martinez identified an emerging “cup and handle” pattern in XRP’s price action. If this technical analysis plays out, XRP may take an upward trend, although it remains uncertain at the moment.
Accordingly, apart from anticipation of XRP ETF approval, there are other factors playing the cards well for the Ripple token. The SEC stance on XRP ETF filing has sparked murmurs that Ripple’s long-running battle with the regulating body may soon see resolution. Another development that could serve as a market catalyst is XRP’s push for adoption in global finance through forming collaborations and new partnerships.
Ripple has recently made partnership with Portugal’s largest currency exchange, which marks its expansion into Europe. In Japan, SBI Remit, which has been using XRP for cross-border transactions, has broadened its international money transfer services through a partnership with SBI Shinsei Bank. Japanese energy company Remixpoint has also purchased $3.9 million in XRP and Dogecoin to bolster its crypto reserves.
JetBolt (JBOLT): Why Are Crypto Whales Rushing to Buy JetBolt?
There’s an emerging altcoin contender that’s stirring up hot chatter about being more than just another token: JetBolt (JBOLT). With groundbreaking features and Web3 utilities, this rising altcoin star is clearly designed for the next-generation crypto enthusiasts.
Thanks to the advanced Skale architecture, JetBolt offers zero-gas technology—a revolutionary feature that eliminates costly gas fees. By taking away the burden of gas costs, JetBolt empowers everyday users to make blockchain transactions freely, which could help foster greater adoption of blockchain technology.
JetBolt also offers a user-friendly Web3 wallet, equipped with WebAuthN and facial recognition features, making it a breeze for crypto enthusiasts to manage their assets.
Plus, as artificial intelligence technology increasingly merges with blockchain, JetBolt introduces an AI-powered tool that highlights trending news and snippets of crypto insights, all categorized by market sentiment.
When it comes to staking, JetBolt is shaking things up by adding a social twist to boost community interaction. JetBolt’s interactive system rewards users with bonus tokens for connecting with friends while simultaneously staking their JetBolt tokens, transforming the staking activity into a collaborative experience that everyone can share.
For altcoin buyers seeking perks, JetBolt’s exclusive Alpha Boxes offer up to 25% extra tokens on batch purchases. Additionally, buyers gain immediate custody of their purchased tokens and can readily explore JetBolt’s functional ecosystem.
With its array of cutting-edge blockchain solutions and a successful presale of over 320 million tokens already sold, JetBolt is radiating as one of the power-packed cryptos that whales are scooping up to elevate their strategy.
Final Take: Why Whales Are Betting Big on XRP ETFs and New Altcoin JetBolt
As Ripple continues to forge new partnerships, XRP stands at a pivotal moment in its journey toward greater global market adoption. With the recent SEC recognition of multiple ETF filings, the stage seems set for XRP’s next move. If momentum persists, XRP could not only solidify its place among the top cryptocurrencies but also attempt to redefine its all-time highs, making it one of the attractive choices for those taking advantage of the evolving market landscape.
Meanwhile, JetBolt is making waves as an emerging contender in the crypto space, with nearly 330 million tokens already sold in its presale. JetBolt’s innovative features, such as zero-gas technology, are not only attracting crypto whales but also positioning it as a game-changer in the market. As interest grows, JetBolt could be the next big breakout story—inviting the crypto community to the compelling opportunity to be part of its journey.
For more details about JetBolt and its game-changing features, visit its official website now.
This article intends to share information only and not serve as some sort of financial or trading guidance. Please conduct your own research before buying any crypto asset as all cryptocurrencies, no matter how popular, carry significant risks and are still subject to market volatility.
