Author
Simon Chandler
Author
Simon Chandler
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Bitcoin has just surged past $120,000, reigniting momentum across the entire crypto market and supporting a bullish crypto price prediction for XRP, Ethereum, and Solana.
With total market capitalization climbing above $4.24 trillion, investors are preparing for what could be the most explosive phase of this cycle.
XRP, ETH, and SOL are all showing signs of major breakouts following weeks of overselling and quiet accumulation.
This article breaks down the technical and fundamental signals behind each coin, highlighting the levels to watch as the market gears up for its next leg higher.
Crypto Price Prediction: XRP ($XRP) – ETFs and Rising Open Interest Signal New ATH Incoming
XRP has risen to $3.04 today, equalling a 2% gain in 24 hours and a 10% increase in a week.
The major altcoin is also up by 7% in a month, while also boasting an impressive 490% increase in a year, underlying its growth in the wake of Donald Trump’s inauguration and the end of the Ripple-SEC case.
There are many reasons to be bullish about XRP, including the fact that a wave of XRP ETFs are likely to launch in the coming weeks, boosting institutional demand for the token.
Demand for XRP is also growing as a result of Ripple’s expansion as a firm, with the company signing multiple new partnerships in recent months, as well as expanding into new territories.
This means that XRP is in a fantastic position to ride what may be the start of an end-of-year rally, judging by recent moves.
It looks as though XRP is going to break out of the pennant in which it has been trading in recent weeks, while its indicators are both rising strongly from oversold positions.
Such changes come as open interest for XRP futures has risen back to $8 billion, having risen from just over $7 billion in August.
This points to rising prices, with XRP likely to rise beyond $3.50 by the end of the month, before reaching $5 by the end of the year.
Crypto Price Prediction: Ethereum ($ETH) – Institutions and Company Reserves to Push Altcoin Even Higher in Q4
Ethereum has risen by 2.5% in the past 24 hours, with its move to $4,487 also representing a bullish 15% increase in the last seven days.
The coin is also up by 96% in a year, giving it a good platform from which to post more gains, especially when it’s still undersold relative to recent moves.
Looking at its chart, we see that it has begun to gain strong momentum, with its relative strength index (yellow) bouncing from 30 in late September to just over 50 today.
Likewise, its MACD (orange, blue) is about to turn positive for the first time in a couple of weeks, implying that buying pressure will be ramping in the near term.
And when combined with Ethereum’s almost peerless fundamentals, this makes for a fantastic crypto price prediction for ETH.
Ethereum continues to dominate the crypto ecosystem in terms of TVL (at $93.7 billion), while a growing number of firms have been establishing ETH reserves in recent weeks.
Based on this, and based on the expectation of a bull rally, we could see the ETH price break the $5,000 barrier by the end of this month, before hearing towards $10,000 in the longer term.
Crypto Price Prediction: Solana ($SOL) – Altcoin Could Break ATH in Matter of Weeks
Solana has risen to $230 today, making for an 18% increase in a week and a 10% return in a month.
Also of note is the fact that Solana has risen by 67% in the past year, which is arguably not that much in comparison to other major alts (especially XRP).
Yet the argument to make from this is that it means that Solana still has big gains left in it this year, with the coin only 21% away from its ATH of $293.
Probably the most exciting thing about Solana right now is that, as with XRP, it has several ETFs waiting to launch.
We could therefore see an explosion in its price in the next couple of months, also helped by public firms opening SOL reserves and funds.
Its chart today suggests that it has begun to break out after the correction it sustained in late September, and its next stop is $250, which if broken could predict a climb towards its ATH.
Because of the bullishness surrounding SOL, it has every chance of rising above $300 in the next few weeks, while it could comfortably near $500 in December.
PEPENODE Crosses $1.6 Million in Presale: Could Mine-to-Earn Be Next Big Pepe Token?
As good as the tokens above look, some traders may want to diversify into newer coins, so as to widen their exposure to potential market-beating gains.
One way of doing this is to look at presale coins, which under the right circumstances can rally big once they list for the first time.
An interesting example of such a token is PEPENODE ($PEPENODE), an ERC-20 coin that recently opened its ICO.
It has now raised over $1.6 million in this sale, testifying to its potential once it launches.
Much of this potential stems from its status as the market’s first ‘mine-to-earn’ crypto, one which gives holders the ability to earn rewards by building their own virtual mining rigs.
By spending PEPENODE to acquire more virtual nodes, users can earn greater rewards, which the project will pay out in established meme coins such as Pepe and Fartcoin.
This could drive demand for PEPENODE, which will also be open to staking, with its current yield in excess of 800%.
All of this makes PEPENODE one of the more exciting presale tokens, with investors able to join its sale by going to the project’s official website.
The token is currently available at $0.001083, but newcomers should act quickly since this price will continue to rise regularly until the sale ends.
Buy PEPENODE Here.
