Ripple (XRP) Price Analysis | XRPUSD | TradingView
The chart shows a bullish engulfing pattern forming on the daily time frame, suggesting that the recent downtrend may be reversing. XRP has also rebounded from the lower Bollinger Band, indicating the asset is oversold and ready for a potential breakout.
If XRP manages to break through the $0.55 resistance level, it could pave the way for a rally towards the next resistance at $0.60. The major support remains at $0.50 and if this level fails to sustain, XRP could retest the $0.47 area.
The Relative Strength Index (RSI) is currently hovering around 40, suggesting that XRP has room to rise further before becoming overbought. With bullish momentum and growing positive sentiment surrounding the Bitwise ETP filing, XRP is well-positioned for a near-term breakout.
Excitement builds as Aptos (APT) acquires HashPalette Inc.
Aptos Labs has recently made headlines for its acquisition of HashPalette Inc., a strategic move aimed at strengthening Aptos’ presence in the Japanese blockchain market.
HashPalette, known for its involvement in NFTs and digital content, aligns with Aptos’ vision to expand its ecosystem and capitalize on the growing demand for decentralized applications (dApps) in Asia.
The acquisition isn’t the only bullish catalyst for Aptos. Institutional interest in the Aptos blockchain is also growing, with Franklin Templeton launching the OnChain US Government Money Fund on the Aptos network.
The move highlights Aptos’ growing recognition as a trusted platform for institutional-grade financial products, and could drive long-term growth.
Aptos price analysis: $10 target now in sight
APTOS has bucked the overall market trend and has shown a strong upward trend since October 1st. NFP data pushed APTOS higher, with the asset soaring to $9.30 on October 4th, a 28.16% gain in just three days.
This chart shows that APTOS is trading above its 200-day moving average (MA), a key bullish indicator. The parabolic SAR dots are also aligned below the price, reinforcing the uptrend.
