Top Ripple (XRP) Price Predictions, Ethereum’s (ETH) Next Targets, and More: Bit Summary

The crypto market has undergone a correction in recent days, but analysts believe that XRP, ETH, and SOL still have opportunities to chart new ATHs.

Despite the sporadic price increases, the past week has not been successful for Ripple’s XRP and Ethereum (ETH). In the following lines we will analyze their recent performance, outline some interesting predictions and discuss other interesting topics.

XRP revival coming?

XRP’s valuation has fallen 7% over the past seven days and is currently trading around $2.82 (according to CoinGecko data). It’s important to note that Whales sold 440 million tokens last month (equivalent to over $1.2 billion), and that could have contributed to the negative performance.

However, many analysts remain optimistic that the bull run is far from over. For example, X user CasiTrades thinks a major breakout is in the offing, citing strong technical signals. She noted that recent lows continue to hold “significant support on a macro scale” at $2.79. Moreover, she believes that XRP has crossed a certain consolidation pattern. That said, the analyst argued that the macro targets of $8-$13 “remain entirely possible if momentum remains strong.”

Ali Martinez also played a role. He in mind a recovery to $3.10 if XRP finds support at $2.73. At the same time, some popular names, such as veteran trader Peter Brandt, are not so optimistic. Just a few hours ago, he added the asset on his list of “short candidates,” noting that the downtrend could come into play if the price falls below $2.68.

What about ETH?

The second-largest cryptocurrency is also in red territory on a weekly basis, although it is experiencing less substantial losses than XRP. At the time of writing, the stock is trading around $4,350, but some key indicators, such as the recent accumulation of whales and dwindling reserves on exchanges, suggest that “Uptober” could be very favorable.

Analysts are also optimistic. X user ZYN spotted a so-called Wyckoff accumulation pattern on ETH’s weekly chart and set a target of $8,000 for the fourth quarter. However, the price must first register a weekly close above USD 4,750. CryptoCaesar shared a similar statement predicting a big pump of up to $10,000. He also claimed that the rally still has at least six months left.

Martinez was in the pessimist corner this time. He described the price range of $4,000-$4,800 as a “danger zone” and suggested the price could fall to $3,780 in the short term.

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Is SOL ready for something big?

Finally, we will touch on Solana’s native token, whose valuation is hovering around $220, representing a decline of 5% in the past week. According to Lark Davis (an

He highlighted the potential approval of the first spot SOL ETF in the US as a key catalyst that could fuel the rally. Some of the prominent companies looking to introduce such a product include Grayscale and Canary Capital.

The SEC’s decision deadline for Grayscale’s filing is October 10, although it remains uncertain whether an announcement will be made today due to the ongoing US government shutdown.