Cryptocurrency Price Insights for October 3: Analyzing ETH, XRP, ADA, BNB, and HYPE
This article provides a detailed analysis of the current price trends and movements of Ethereum, Ripple, Cardano, Binance Coin, and HYPE.
Cryptocurrency Price Insights for October 3: Analyzing ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
Ethereum had an excellent week after its price rallied by 14%. This has helped it to approach $4,500, potentially setting the stage for a retest of the key resistance at $5,000. With sellers out of the picture, buyers have regained control.
Bitcoin also recorded consistent gains this week, providing momentum for Ethereum, which is turning bullish again. A clear breakout above $5,000 would place ETH in price discovery mode, leading quickly to higher levels. Key targets would be at $6,000 and $7,300.
Ethereum Chart
Ripple (XRP)
XRP ended the week with an 11% increase, pushing its price above $3, a psychological benchmark that is likely to serve as future support and set the foundation for new highs with targets at $3.2 and $3.6. Bulls are expected to push this crypto to achieve higher highs, indicating a price level above $3.2.
Additionally, XRP seems to be concluding its consolidation between $2.7 and $3 and appears ready for gains. Should this happen, the all-time high at $3.6 could attract buyers in Q4 of 2025.
Ripple Chart
Cardano (ADA)
Cardano also enjoyed a solid performance, managing to stay above the $0.77 support, concluding the week with an 11% increase. This puts buyers back in control, although their biggest challenge lies at the $0.90 resistance.
The bullish momentum has not built enough for a breakout yet, but if the market trends positively, a breakthrough may soon occur, providing ADA a chance to trade above $1 again.
Cardano Chart
Binance Coin (BNB)
Binance Coin shows no signs of slowing as it recently hit a price record exceeding $1,100, concluding the week with a 16% gain. The significant resistance currently stands at $1,200, and given the prevailing bullish momentum, reaching that level is feasible in the coming days, representing only an 8% increase at the time of this analysis.
BNB is well-positioned to leverage the market enthusiasm building up in the final quarter of the year. If it surpasses $1,200 soon, the next target would be $1,500.
Binance Coin Chart
Hype (HYPE)
This week, HYPE managed to solidify its correction, briefly reaching $50 after a 15% price surge. With sellers out of the game, this cryptocurrency has recouped most of its recent losses.
To maintain this upward trend, HYPE needs to secure $50 as support. Successfully doing so could pave the way for a revisit to its all-time high of $60.
Despite the fluctuations, the price continues to show robust strength, and liquidity has returned to Hyperliquid, positively influencing its token value.
Hype Chart
Disclaimer: Information provided is based on analyses of quoted writers and does not reflect the opinions of CryptoPotato on investment decisions. Always conduct independent research before making any investment choices.
