Crypto Price Prediction Today 23 September – Xrp, Solana, Cardano

What Happened

Crypto Price Prediction: Solana ($SOL) – Institutional Investment Will Enable SOL to Explode Soon

Market Context

The market has restored its $4 trillion cap today, and the crypto price prediction for XRP, Solana and Cardano is looking significantly more positive.

Crypto Price Prediction: XRP ($XRP) – Oversold Technicals and Incoming ETFs Could Mean New ATH in Q4

However, this current level still means that the altcoin has dropped by 4% in a week and by 5% in a month, making for a disappointing August and September for the market’s fourth-biggest token.

Yet as the chart below illustrates, XRP’s recent underperformance (which follows the wider market’s underperformance) has put it in an oversold position, meaning that it should bounce back very soon.

The approval of most or even a few such ETFs could result in a big influx of institutional money, pushing the XRP price upwards as we approach the festive season.

This is why the crypto price prediction for XRP is so bullish right now, and when you add Ripple’s ongoing growth as a cross-border payments firm, we could see the coin hit $5 by December.

As with XRP, this is because SOL is also waiting on the SEC to approve several spot-based Solana ETFs, which again could boost the coin’s market massively.

Crypto Price Prediction: Cardano ($ADA) – L1 Growth and Whale Transfers Point to Big Moves

Why It Matters

It’s in this context that the immediate prospects for XRP, Solana and Cardano have improved, with all three coins likely to rally as the week progresses.

We also consider where they might be heading towards the end of the year, which could bring a bull rally if the SEC approves most outstanding ETF applications.

And with the same thing applying to XRP’s MACD (orange, blue), it’s likely that the altcoin will make a concerted recovery soon.

Its fundamentals also point in this direction, in that the SEC could approve upwards of ten XRP ETFs in the next few weeks.

Yet if Solana’s annual growth hasn’t been spectacular, then the picture could very easily change over the next few weeks.

Because of this, we could expect the coin to reach $250 by the middle of October, $350 by the end of November, and then $500 by the end of the year.

Details

Some tokens have rebounded strongly in the past 24 hours, with yesterday’s Metaplanet purchase of 5,419 BTC being the major driver of renewed optimism.

XRP has bounced by 2% in the past 24 hours, recovering from its 24-hour low of $2.80 to return to $2.87.

For instance, its relative strength index (yellow) dropped below 50 a few days ago, having spent much of August and September in a weak position.

At $220, Solana is down by 1% in a day and by 6.5% in a week, although it has posted a 6% gain in the last 30 days.

It’s also up by 50% in the past year, a percentage which marks steady if unspectacular annual growth.

At the same time, Solana has been enjoying some very positive developments and news in recent weeks, including the growth in public companies accumulating the coin as a reserve asset.

For instance, the Galaxy Digital-backed Forward Industries has been buying $1.65 billion in SOL, making it the largest publicly listed holder of the token.

Such pieces of news mean that Solana has been faring better than other major tokens this month, yet it’s still far from reaching its full potential or being overbought.

Cardano has posted a modest rise to $0.8257 today, although it does remain down by 4.5% in a week and by 9% in a month.