Ripple’s XRP has failed to move past the crucial $0.55 mark despite recent positive developments in its ongoing legal battle against the US Securities and Exchange Commission (SEC). While bearish sentiment hangs over XRP, whales are eyeing and scooping up tokens from the trending JetBolt (JBOLT) presale. With an impressive presale that saw over 40 million tokens sold since August 2024, JetBolt is gaining massive momentum. Read on to uncover the latest updates on XRP and JetBolt.
Ripple’s XRP Grapples with Bearish Sentiment
Ripple has never left the spotlight this year due to its ongoing legal scuffle against the SEC. While Ripple had a partial win when it was fined just $125 million instead of the almost $2 billion the SEC initially sought, its price action tells a different story.
XRP is trading at $0.5233, demonstrating a 15.5% price decline over the past month. Some experts suggest that XRP’s current level indicates bulls seem to be losing momentum. According to analysts, ongoing tensions still weigh on the market’s confidence over XRP.
The SEC has failed to meet the October 16 deadline to file its objections, fueling murmurs of the regulator bracing for a settlement with Ripple. However, the SEC filed its Form C on October 17, likely pushing the case to January 2025. Market experts say this extended legal battle will continue putting pressure on the price of XRP.
Meanwhile, some crypto insiders suggest that XRP could test the $0.618 resistance if it manages to hold above its support levels. Yet, without a clear bullish trigger, there’s a looming concern over deeper price corrections.
Experts predict that XRP may remain below $0.60 until at least 2025 unless current market sentiment turns bullish and there is legal clarity. In an industry where innovation reigns supreme, whales have started to expand their crypto holdings with altcoins that boast cutting-edge utilities and innovations. One of these is the new altcoin JetBolt (JBOLT).
Why Whales Are Pivoting to JetBolt (JBOLT)
As XRP continues to show sluggish growth, whales have begun branching out into newer, more innovative crypto assets. One standout crypto coin is JetBolt (JBOLT), which offers distinctive features that resonate with crypto natives eager for fresh Web3 innovations.
Since its presale started in August 2024, JetBolt has already sold over 40 million tokens, a feat that has put it on the radar of traders looking for high-potential coins and crypto projects. Aside from this noteworthy milestone for a young crypto presale coin, JetBolt captures the interest of blockchain whales for its hallmark feature—zero gas technology.
JetBolt’s zero-gas tech feature empowers users to execute transactions without being burdened by gas fees. This is JetBolt’s innovative way to help address one of the most prominent barriers to crypto adoption: high gas fees.
In the crypto space where it is an edge to stay updated, JetBolt helps its token holders by providing them with an AI-powered news and insights tool. This AI-powered tool aids token holders in staying abreast of current blockchain developments and trends.
Whales are flocking to the JetBolt presale as it offers special perks for early movers. Early JetBolt token buyers can enjoy as much as 25% additional tokens for token batch purchases, making it advantageous for whales looking to accumulate large amounts of tokens for their portfolios. This attractive offer also appeals to crypto newcomers who can hold a substantial number of tokens at an attractive rate.
JetBolt’s steady ascent suggests the rising confidence of crypto enthusiasts in new altcoins with groundbreaking features.
Conclusion — Whales Flock to JetBolt Amid XRP’s Bearish Trend
Ripple’s partial SEC victory provided a glimmer of hope, but this didn’t translate into bullish sentiment as XRP’s price action remains sluggish. Meanwhile, JetBolt’s explosive presale and enticing features are piquing the interest of new and seasoned blockchain enthusiasts. With over 40 million tokens already sold, JetBolt’s momentum shows no signs of slowing.
For more information about the JetBolt presale, you can visit the official JetBolt website: jetbolt.io
This article is not financial advice. Always conduct comprehensive and independent research prior to purchasing cryptocurrencies. All crypto assets are inherently risky and highly unpredictable.