The past two months have been full of positive XRP news. Ripple is becoming the poster child for the surging crypto market. The latest XRP News is the New York Department of Financial Services (NYDFS) approval for the RLUSD stablecoin.
While the launch date for RLUSD is not specified, and its direct impact on the Ripple blockchain will be minimal, if any, the markets have celebrated this win for the troubled altcoin. This highlights the fact that the markets will eventually reward all high-utility altcoins.
This is also why the IntelMarket INTL is steadily gaining traction as one of the promising new ICOs with tremendous growth potential. It combines AI technology with trading efficiencies to create an innovative and beneficial offering.
RLUSD Approval Pushes Ripple Into Consolidation
Ripple (XRP) has made huge strides after years of grappling with regulators and is finally emerging victorious with the approval of its stablecoin, RLUSD, by the NYDFS. Once this launches, Ripple (XRP) will become a key player in institutional payments and the tokenization of real-world assets.
Source: CoinMarketCap
After the initial surge after the XRP news broke, the coin consolidated slightly as the price dropped about 3% in the daily charts. The market volume dropped by 28% to settle at $9.18 billion, while the market cap also dropped by 3% to $132.93. Right now, Ripple is trading at $2.31 with a lower resistance of $2.3, which has been holding firm so far.
Technical indicators also indicate an upcoming surge post-consolidation. The Exponential Moving Average for the daily charts was at sell, while the monthly charts gave a buy signal. The relative strength index was neutral for both periods. This combination is usually indicative of an upcoming break once the consolidation ends.
Those looking to buy low crypto options while waiting for more positive XRP News are picking up the IntelMarkets ICO, which is available at a low price of $0.064 in Stage 7 of its presale.
IntelMarkets Going Strong With $4.26 Million
IntelMarkets (INTL) is gaining momentum as a promising investment option in crypto trading. It offers an AI-powered platform for trading in perpetual contracts. This flexibility attracts many traders, who can hold positions for longer and easily adjust their trade plans according to market conditions.
IntelMarkets is also supported by the QuantumX Wallet, a quantum-proof solution designed to store highly secure crypto assets. The platform also has Route X21, a protocol designed to protect its ecosystem from quantum computing risks through its sophisticated cryptographic techniques.
However, IntelMarkets’ core strength is its AI-powered self-learning bots, which help users manage their portfolios and increase their ROI by learning from traders’ behavior and trading patterns. These bots offer an automated trading environment that adapts to changing market conditions.
The platform offers up to 1000x leverage for significant returns and features the INTL token for staking, governance, and fee reductions. With a total supply of 2 billion tokens, IntelMarkets ensures the ecosystem remains efficient and interconnected.
Conclusion
Crypto is a fast-paced market, and traders need an exchange that can match their speed. This exchange should offer a vast selection of assets, minimal transaction fees, and tools that empower them to seize every opportunity. Traditional exchanges could improve their crypto trading services.
This is where IntelMarkets is proving itself. Its AI-powered self-learning bots aid its users in managing their portfolios and increasing their ROI by learning from traders’ behavior and trading patterns. These bots offer an automated trading environment that adapts strategy to changing market conditions.
IntelMarkets INTL has already delivered over 200% gains to its early investors, who bought into the platform at $0.02. To learn more about the IntelMarkets platform, visit the presale or Join the INTL community.
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