Crypto Price Prediction Today 5 November – Xrp, Bitcoin, Ethereum

What Happened

These three tokens have been unable to escape the selloff, with all three down by double-digit percentages within the past week, as investors worldwide fear that this year’s AI-led stock bubble may burst.

However, all three tokens remain as strong as ever in fundamental terms, and will rebound sharply soon enough, along with one new token in particular, which looks set to grow once it launches in the coming weeks.

Crypto Price Prediction: XRP ($XRP) – ETF Launches Will Help Alt Surge from Hugely Oversold Position

And in the medium- and long-term, few coins are as promising as XRP, which should witness a big recovery once the first wave of XRP ETFs launches.

If so, we could see the Bitcoin price return to $110,000 in the next couple of weeks, while the launch of altcoin ETFs could help boost the wider market, pushing it to $150,000 in December.

Crypto Price Prediction: Ethereum ($ETH) – Altcoin Will Recover Strongly Amid Institutional and Corporate Investment

Market Context

The market has fallen again today following a sharp drop in tech stocks, negatively impacting the short-term crypto price prediction for XRP, Bitcoin, and Ethereum.

Crypto Price Prediction: Bitcoin ($BTC) – Correction Will Clear Path for Climb Towards $150,000

Even Bitcoin hasn’t escaped today’s selloff, which has dragged it down to $101,686, a 2% loss in 24 hours.

And even with recent losses, Bitcoin arguably remains the strongest and most promising crypto in the market, with its attractiveness to institutions likely to support it for years to come.

Bitcoin ETFs did experience around $945 million in outflows last week, a symptom of negative sentiment in the global financial market, yet this could also be a sign that selling has almost played out.

Ethereum has fallen by 5% in the past 24 hours, with its current price of $3,297 representing a 17% decline in a week and a 27% fall in a month.

Why It Matters

Despite these losses, the altcoin has rebounded from a 24-hour low of $2.09, suggesting that its support in the $2.10 region is holding up.

This could be in a matter of weeks, while Ripple’s ongoing growth as a cross-border and stablecoin firm should help boost the coin into the New Year and beyond.

Its chart today indicates that it may have begun bouncing from a bottom, with its relative strength index (yellow) starting to rise from an oversold 30.

Assuming that the AI-related selloff doesn’t continue, and expecting XRP ETFs to arrive this month, we could therefore see the altcoin return to $3 in the next few weeks.

From there, it could hit $4 in December, before rising higher in the New Year.

Its chart today suggests that BTC can’t really fall much further, seeing as how its RSI has just hit 30.

Details

XRP is hovering in the $2.24 zone, which means that it’s down by 15% in a week and by 25% in a month.

Its MACD (orange, blue) remains below 0, yet it has risen in the past couple of days, a sign that XRP wants to recover.

It’s also down by 10% in a week and by 18% in the past month, although it does retain a decent 47% gain in a year.

Likewise, its MACD also appears to have bottomed out, indicating that a rebound is now a matter of time.

However, ETH has kept a 35% gain in the last 12 months, which has witnessed some significant institutional inflows into the altcoin.

Indeed, Ethereum ETFs currently manage around $34.8 billion in assets, while this year has also witnessed significant growth in public companies buying ETH as a reserve asset.