by Coinstrooper Crypto Articles
Quick Take
  • The market’s total cap has fallen by 2% in the past 24 hours, having serious implications for the crypto price prediction for XRP, Dogecoin, and Cardano.
  • All cryptocurrencies are now worth a combined total of $3.849 trillion, having stood at $4.2 trillion only a week ago.
  • And some coins – such as Aster, Story and Avalanche – have suffered more than others, cancelling out the gains they had made in previous days.
  • XRP has fallen to $2.76 today, confirming a 2.5% loss in 24 hours and a 10% decline in a fortnight.

What Happened

Despite the recent losses, DOGE is also in a very good position, not least because the first Dogecoin ETF – the Rex-Osprey DOGE fund – launched last week.

Similarly, because ADA is a relatively small major token (volume at $1.9 billion), the launch of the Grayscale ADA ETF could send it flying.

Market Context

The market’s total cap has fallen by 2% in the past 24 hours, having serious implications for the crypto price prediction for XRP, Dogecoin, and Cardano.

However, the ongoing selloff is likely to be positive in terms of the crypto price prediction for XRP, Dogecoin and Cardano, making a rebound increasingly likely.

Crypto Price Prediction: XRP ($XRP) – Ripple Expansion and ETFs Point to New Record Highs Soon

These are steep losses, yet XRP’s fundamental position hasn’t changed during the current downturn, which has been a market-wide phenomenon (related partly to liquidations).

This means that, as and when the SEC approves the waiting XRP ETFs, the coin’s price could rally vigorously.

Crypto Price Prediction: Dogecoin ($DOGE) – ETFs Injecting New Life into Long-Running Meme Token

This is extremely bullish, and it means that the Dogecoin price could surge in the event of the above ETFs gaining approval.

If we look at DOGE’s indicators, we see that they’re also moving towards bottoms, pulling the token towards a heavily discounted price that will eventually attract a new wave of buyers.

Crypto Price Prediction: Cardano ($ADA) – Layer-One Network Growth Lays Foundation for Big End-of-Year Gains

Why It Matters

And this fundamental position is very strong, with Ripple continuing to expand as a cross-border payments business, and with XRP expecting a wave of ETF approvals very soon.

Given these factors, XRP’s current chart is therefore very positive, since traders who buy now may be in for big gains over the coming weeks.

Its main indicators – the RSI (yellow) and MACD (orange, blue) – are now very close to bottoming out, while it’s also forming a bullish pennant, from which it could break out soon.

It has every chance of returning to $3 in October, while an end-of-year bull rally could see it smash its ATH and rise beyond $5.

Assuming that the ETFs do obtain the green light, then the coin could reach $0.30 in a matter of days, before climbing back towards its ATH of $0.7316 in the final month of the year.

Details

All cryptocurrencies are now worth a combined total of $3.849 trillion, having stood at $4.2 trillion only a week ago.

And some coins – such as Aster, Story and Avalanche – have suffered more than others, cancelling out the gains they had made in previous days.

XRP has fallen to $2.76 today, confirming a 2.5% loss in 24 hours and a 10% decline in a fortnight.

At $0.2267, Dogecoin is down by 3% in 24 hours and by 17% in the past week, although it does hold on to a 3.5% gain in a month.

And more Dogecoin ETFs are on the way, with Bloomberg analysts giving the waiting Grayscale, Bitwise, and 21Shares DOGE ETFs a 90% chance of approval.

As for ADA, it too has suffered a fall in the past 24 hours, dropping to $0.7757 and also falling by 14% in a week.

It is, however, still up by 95% in the past year, providing it with a good base from which to grow further towards the end of the year.

And while it boasts only 1 ETF application, the fact that this application is from Grayscale gives it prospects for approval.