Ripple’s XRP has seen an upturn, with analysts discussing its future potential alongside Zcash (ZEC), recently volatile but performance-driven. Here are some key points on both assets:

XRP’s Potential Growth

The XRP token is currently valued at approximately $2.45, reflecting a 7% weekly increase. Analysts like EtherNasyonal and Javon Marks believe XRP’s recent trend mirrors that of 2017, foreshadowing a bull market.

EtherNasyonal states that XRP is positioning within an upward channel with the potential to reach new heights. Conversely, Javon Marks anticipates a surge towards $10. Meanwhile, Ali Martinez has noted potential recovery signals that could indicate a substantial price rebound.

However, the recent large sell-off by whale investors has raised concerns over a possible short-term decline, with significant amounts of XRP sold, totalling over $2.5 billion.

ZEC’s Strong Performance

Zcash (ZEC) has been one of the leading cryptocurrencies recently, soaring by 33% in value across the past week, reaching highs above $300 before retracing to about $260. Analysts predict that this asset remains favorable and may consolidate around $200 before possibly surging past $500, as suggested by KNIGHT.

Related Insights:

• Javon Marks also predicts nearly $600 for ZEC in the future.

Ethereum’s Current Position

Ethereum (ETH) tapped over $4,000 recently but is now trading slightly below that mark, marking a 20% decline from its August all-time high. Analysts like Merlijn The Trader see potential for ETH to rise further, as tokens on exchanges dwindle, indicating reduced selling pressure.

ETH Reserves on Crypto Exchanges

Source: CryptoQuant