However, smart money analysts aren’t sweating – some have noticed indicators that another bullish move is on the horizon.
But as an XRP rally looms, traders are looking for ways to capitalize and generate bigger returns.
Let’s explore three of the best altcoins to buy for massive profits as the XRP price climbs.
XRP Bullish Divergence Signals Bullish Reversal
Currently trading at $2.87, XRP is down 9.8% this week and 21% from its all-time high (ATH) on 18 July. However, the $2.80–$2.95 range remains a crucial support zone for XRP, with an analyst suggesting it could lay the way for the next leg up.
Cryptoinsightsuk posted on X that the 4-hour XRP price chart shows signs of a “bullish divergence,” a chart pattern that signifies an upward reversal may soon commence.
A bullish divergence occurs when the price makes lower lows while the relative strength indicator (RSI) makes higher lows. The disconnect suggests that sellers are losing momentum and means buyers can soon take control of the market.
Oftentimes, lower time frame chart patterns such as this one give early insight into higher time frame moves, especially when converging at key structural levels such as $2.87, which Cryptotoes calls a “make or break” zone for XRP.
So should the bullish divergence successfully unfold, it could trigger the next higher-time-frame move. And as to how far that may go, analyst Ali Martinez looks toward $6, with his chart highlighting that XRP broke above a triangle pattern in July and is now poised for substantial growth in August.
Despite this week’s dip, XRP’s outlook appears promising. Bears are losing momentum, and bulls can sense that the next leg up is close. But this echoes a broader renewed sense of market optimism right now.
While prices remain down across the market this week, recent history, plus bullish chart patterns and robust fundamentals, suggest that buyers will quickly absorb the dip, and the higher-time-frame uptrend will ensue.
As such, smart investors are using the current opportunity to go shopping – but what projects hold the most upside potential? Let’s explore three top picks.
Bitcoin Hyper
Bitcoin Hyper is a Bitcoin layer 2 blockchain designed to make the network cheaper, faster, and smart contract-compatible. While it’s not the first Bitcoin L2 on the market – it does present two distinct advantages that could make it the best altcoin to buy now:
It uses ZK-rollups and Solana Virtual Machine tooling for increased security and speed compared to all other Bitcoin L2s.
It’s undergoing a presale, allowing investors to buy in from the ground floor.
The $HYPER presale is off to a rapid start, raising a jaw-dropping $6.7 million so far. However, if it truly gains traction as the strongest Bitcoin L2, Stacks is a good benchmark for just how far it could go, currently valued at $1.2 billion.
Given its technical superiority and current early stage, there’s a real possibility that $HYPER is among the most undervalued cryptos on the market right now. Visit Bitcoin Hyper.
Ethena
Like Bitcoin Hyper, Ethena is another cryptocurrency that has truly market-shaking potential.
Indeed, it’s already a prominent industry player with a $3.6 billion market cap and a 119% price surge this month. However, the project’s yield-bearing digital dollar use case and the recent approval of the GENIUS stablecoin bill signal that Ethena possesses one of the strongest narratives on the market today.
Stablecoin adoption has been soaring in recent months, with institutions, banks, and governments all getting involved. Ethena is the fastest-growing stablecoin player on the market, with DeFiLlama data showing a 64% increase in USDe’s market cap this month.
Meanwhile, competitors USDT and USDC have each seen 3% market cap increases. So what sets Ethena apart? The project can generate yield, with staked USDe (SUSDE) currently offering an 11% APY. For long-term storage, this is a no-brainer compared to USDT or USDC, which will lose purchasing power over time, as fiat currencies typically do.
Given the growing adoption of stablecoins and Ethena’s market dominance, $ENA could prove an asymmetrical bet for massive gains in 2025.
Best Wallet Token
Best Wallet Token is another cryptocurrency pushing boundaries in the DeFi world. It’s a non-custodial wallet that supports over 50 blockchains and is packed with built-in features.
Some of the chains it supports include Bitcoin, Ethereum, XRP, Solana, and Cardano. Its features include a cross-chain DEX, futures trading, a presale aggregator, and a crypto debit card. It’s a decentralized one-stop shop for all your crypto needs, aiming to streamline the on-chain user experience.
Users can also get more out of the wallet by holding $BEST, which provides trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects.
This means that $BEST’s demand will rise in line with the platform’s adoption, making it an opportune play for investors.
Currently undergoing a presale, Best Wallet Token has raised over $14 million so far, placing it among the top ICOs on the market.
With such strong buyer demand, coupled with a promising use case, $BEST looks poised for massive returns once it hits exchanges. Visit Best Wallet Token.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/sponsored/presale/best-altcoins-to-buy-as-xrps-bullish-divergence-promises-rally