Next Crypto to Explode: Top Trader Sees Big Bounce Ahead for XRP – $10 In Sight?

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XRP (XRP) remains the top-performing token in the top 5 with year-to-date (YTD) gains of 39.3% as Ripple’s legal victories against the United States Securities and Exchange Commission (SEC) propelled the token to levels not seen in years.

Multiple tailwinds support a big, explosive move ahead for XRP. This week, the SEC opted to delay its decision on multiple XRP spot exchange-traded funds (ETFs).

Although this has contributed to the token’s latest pullback, analysts agree that the agency will probably approve all of these vehicles by October, when the next deadline to decide expires.

The approval of these ETFs could be the spark that the market needs to propel the token to much higher ground as institutional adoption could accelerate.

Ripple has been making some meaningful moves to position itself as the leading decentralized alternative for cross-border payments. This includes the launch of Ripple USD (RLUSD), its first native stablecoin, and embracing Circle’s USDC to further pave the way for fast ecosystem growth.

Moreover, the passing of the Genius Act in the United States has established the necessary regulatory framework to increase the adoption of stablecoins in the country. As a payments-focused platform, the Ripple network stands to benefit from upcoming collaborations with top protocols and applications that could choose this blockchain as the backbone of their solutions.

Trader Ali Charts also sees upside potential ahead as a buy signal has popped up in the 9-hour time frame. This signal comes from a system known as the TD Sequential Indicator.

The last signal was bearish and delivered some interesting gains for short sellers who followed it. Could XRP be the next crypto to explode after this buy signal?

Key Levels to Watch to Predict the Next Explosive Move for XRP

The daily chart shows that XRP has been consolidating for months. The price has bounced up and down between $2 and $3.5 and bullish momentum thus far has not been strong enough to break through the $4 level to kick off the next leg up.

We may get a strong correction at this point as the market seems ready to take a breather after its recent jump to $3.65. This upcoming drop could find support at $2.5 or even $2 if bearish momentum gains traction.

However, with so many macro tailwinds playing in favor of a bullish outlook for XRP, these would provide good opportunities to enter long positions with a much lower downside risk compared to a few weeks ago.

A move above XRP’s recent highs, especially if the token gets to $4, which would result in a new all-time high, could set off a big, explosive move toward $5 first and then $10. The launch of the first XRP spot ETF could be the necessary catalyst that ignites this massive rally.

As altcoin season kicks off, the best meme coins and crypto presales like Maxi Doge (MAXI) could deliver the highest returns to early buyers. This token is a ‘hyped-up’ version of the popular Dogecoin (DOGE) but could deliver much higher gains than the OG during this bullish cycle.

Maxi Doge (MAXI) Raises More Than $1M as Investors See Its Potential to 10X

Maxi Doge (MAXI) is a dog-themed ERC-20 token that embodies the typical hype and bullish sentiment that comes along crypto bull markets.

maxi doge presale This character is a Shiba Inu dog on steroids who envisions green candles ahead. He doesn’t know anything about risk management. Trading with high leverage is what he knows best and he will use as much leverage as possible to make the most out of his positions.

Through the Maxi Fund, up to 25% of the proceeds raised via the presale will be invested in the most promising tokens out there with 1000X leverage. Maxi Doge will make it, and you are too!

Early buyers will reap the highest returns once this meme coin is listed on top exchanges and its popularity grows. Well-established assets could deliver 100% gains during this cycl,e but $MAXI could 10X or even 100X once meme coin season begins.

To buy $MAXI, simply head to the Maxi Doge website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.

By Alejandro Arrieche

Alejandro is a seasoned financial analyst with over seven years of experience writing complex business topics and market trends. His insightful work has been featured in prominent publications including CryptoBites, The Modest Wallet, and Capital.com, where he provides comprehensive analysis spanning from broad business strategy to complex topics about cryptocurrencies and the stock market. A graduate of EUDE Business School, Alejandro leverages his academic background and analytical expertise to deliver data-driven insights that help readers navigate complex economic landscapes. His authoritative content focuses on value investing, financial analysis, and general business topics, empowering both organizations and individuals with actionable intelligence to make informed decisions about their investments and trades.