The cryptocurrency landscape has faced a recent downturn; however, experts believe that Ripple’s XRP and Ethereum (ETH) still hold the potential for new all-time highs.

XRP: A Comeback on the Horizon?

XRP has seen a 7% drop in its valuation, currently sitting at approximately $2.82 (as per CoinGecko). Notably, whales have sold 440 million tokens in the past month, a factor that may have affected its negative trajectory.
Yet, optimism persists among analysts. User CasiTrades suggests a significant breakout might be imminent due to robust technical indicators. She maintains that the recent lows have established strong support at $2.79. If momentum continues, she forecasts potential targets between $8 and $13.
Ali Martinez predicts a possible rebound to $3.10 should XRP secure support at $2.73, whereas veteran trader Peter Brandt lists XRP as a potential short candidate, indicating a bearish trend if prices fall below $2.68.

Ethereum’s Prospects

Ethereum is also trending negatively this week but with less intensity, priced around $4,350. Recent indicators like whale accumulation and decreased exchange reserves hint that Uptober could favor ETH.
Analysts like ZYN foresee a Wyckoff accumulation pattern in ETH’s weekly chart, projecting a target of $8,000 for Q4, provided it can close above $4,750. Crypto Caesar shares similar sentiments, estimating a surge as high as $10,000 throughout the next six months. Conversely, Martinez suggests a precarious price range of $4,000 to $4,800, warning that ETH could drop to $3,780 soon.

Evaluating SOL’s Position

We also revisit Solana’s native token, currently valued at about $220, down 5% over the past week. Analyst Lark Davis highlights a cup and handle pattern on Solana’s monthly chart, forecasting a potential rise to $425 if momentum builds, particularly with the anticipated approval of the first SOL ETF by significant firms such as Grayscale and Canary Capital.

Note: The SEC’s deadline for Grayscale’s application is October 10, although the results may be delayed due to ongoing government shutdowns.