Crypto Price Prediction Today 4 November – Xrp, Official Trump, Bnb Coin
- These three altcoins have witnessed drops of at least 5% in the past 24 hours, extending a period of on-and-off negativity that began in late July.
- XRP has dropped to $2.27 today, marking a 5.5% loss in 24 hours and a 25% decline in a month.
- The launch of these funds will drive institutional money towards XRP, boosting its price in much the same way ETFs boosted Bitcoin and Ethereum.
- Now may therefore be a great time to buy XRP, seeing as how its chart shows the coin in such an oversold position.
What Happened
Yet they are now all so far in the red that a big rebound could be on its way, while one new token in particular looks ready to rally once it launches in the next few weeks.
This puts it in a commanding position to continue rising once the market regains some optimism, particularly when upwards of ten XRP ETFs are likely to launch in the next few weeks.
The launch of these funds will drive institutional money towards XRP, boosting its price in much the same way ETFs boosted Bitcoin and Ethereum.
And if we do see a wave of XRP ETF launches soon, it could top $4 by the end of 2025.
On the other hand, investors should bear in mind that it has suffered a 90% drop since reaching an ATH of $73.43 on January 19.
Market Context
The market has fallen further today amid ongoing fears of an AI bubble, with the crypto price prediction for XRP, Official Trump, and BNB Coin suffering as a result.
Crypto Price Prediction: XRP ($XRP) – ETF Arrival Could Push Altcoin Above $4 in December
The altcoin has struggled in recent weeks, along with the wider market, yet it remains up by 350% in a year, making it the best-performing top-ten coin within this timeframe.
It could therefore bottom out soon, with XRP likely to rebound in price, potentially returning to $3 by the end of the month.
Crypto Price Prediction: Official Trump ($TRUMP) – Meme Coin Showing Renewed Momentum After Tough Summer
However, a more positive interpretation is that this gives TRUMP big potential to make a disproportionate comeback once the market becomes more bullish.
From there, an ETF-inspired market-wide rally could see it climb to $20 or $30 by the end of December.
Crypto Price Prediction: BNB Coin ($BNB) – Exchange Token Ready to Set New ATHs in Weeks
BNB has also fallen by just over 5% in the past 24 hours, with its current price of $957 representing a 15% drop in a week and a 17% decline in a month.
Why It Matters
Now may therefore be a great time to buy XRP, seeing as how its chart shows the coin in such an oversold position.
As such, TRUMP may be close to another rally, which could see it push towards $10 in the next couple of weeks.
Details
These three altcoins have witnessed drops of at least 5% in the past 24 hours, extending a period of on-and-off negativity that began in late July.
XRP has dropped to $2.27 today, marking a 5.5% loss in 24 hours and a 25% decline in a month.
As we can see from the chart above, XRP’s indicators have been languishing in weakened positions for three months now, give or take.
Its relative strength index (yellow) has plunged in the past day, falling back towards the 30 level.
At $7.24, TRUMP is down by 5% in 24 hours, although it does hold on to a 6% gain in a week and a 23% increase in a fortnight.
We can interpret this fact in one of two ways, with the first being that such a huge drop is a sign of a coin in terminal decline.
Its chart today also shows that it has regained momentum in recent days, following a difficult summer.
Its RSI remains above 50 after the short-lived breakout rally it enjoyed at the end of October, while its MACD (orange, blue) has also turned positive in the past couple of days.