by Coinstrooper Crypto Articles
Quick Take
  • This week’s selloff has extended into another a day, yet the dip is improving the crypto price prediction for XRP, Cardano and Litecoin in the medium-term.
  • These three coins have all taken significant hits, although some alts—such as Solana, Dogecoin, and Avalanche—have seen 24-hour losses rising above 4% today.
  • And this is what we’re seeing with XRP, Cardano and Litecoin, which we’ll analyse in this article.
  • XRP has dropped back down to $2.82 today, making for a 1.5% loss in 24 hours and a 9.5% decline in a week.

What Happened

Its RSI is on its way down to 30 or even lower, so soon ADA will be trading at a discount that investors may be unable to resist.

Whales have already been stocking up on the coin, with data showing that one big investor bought $56.8 million in ADA on Coinbase this week.

Market Context

This week’s selloff has extended into another a day, yet the dip is improving the crypto price prediction for XRP, Cardano and Litecoin in the medium-term.

This may be disappointing news for anyone who expected last week’s (priced-in) rate cut to result in a bull rally, yet overselling increases the odds of a vigorous comeback.

Crypto Price Prediction: XRP ($XRP) – ETF Approvals Will Push Alt to New Record Highs

There are two main things to point out when it comes to its crypto price prediction, with the first being that the SEC is very likely to approve several XRP ETFs in the next few weeks.

And once these gain the green light, XRP could witness an influx in institutional demand, pushing its price ever higher.

Its RSI (yellow) and MACD (orange, blue) have both fallen into negative positions over the past few days, meaning that XRP is selling below a ‘fair’ average price.

Crypto Price Prediction: Cardano ($ADA)—Oversold Alt About to Receive Big Push from Grayscale ETF

Such approvals may arrive just at a time when ADA’s indicators bottom out, meaning that the coin could experience a big price swing upwards.

Given such interest in Cardano, which is one of the biggest layer-one networks in crypto, its price is likely to experience a sharp recovery soon.

Crypto Price Prediction: Litecoin ($LTC)—Altcoin Preparing for Big Push Towards $1,000

Why It Matters

In turn, this means it could recover very soon, potentially reaching $3 by the middle of October, before ETF approvals send it towards $5 for the end-of-year rally.

Even though it’s less popular among ETF providers, the approval of Grayscale’s ETF could be a massive boost for ADA.

It could reach $1 again by the end of October, while it has the potential to pass $2 in December.

Details

These three coins have all taken significant hits, although some alts—such as Solana, Dogecoin, and Avalanche—have seen 24-hour losses rising above 4% today.

And this is what we’re seeing with XRP, Cardano and Litecoin, which we’ll analyse in this article.

XRP has dropped back down to $2.82 today, making for a 1.5% loss in 24 hours and a 9.5% decline in a week.

But while the altcoin is also down by 3% in a month, it retains a very healthy 380% increase in the past year, making it one of the best-performing top-100 coins over this timeframe.

Secondly, its indicators show that it’s in a decidedly oversold position, and given its rock-solid fundamentals, this should result in a rebound very soon.

ADA has been one of the bigger losers today, having fallen by 4.5% in 24 hours, to $0.7844.

This also represents a 14% loss in a week and a 7% decline in 30 days, although the alt remains up by 100% in a year.

And as with XRP, ADA is also waiting on the SEC to approve ETF applications, although it has only one outstanding application to wait for, from Grayscale.

Today has also been difficult for Litecoin, which at $103.45 is down by 3.5% in 24 hours and by 10% in a week.