Daily Price Prediction After Fed Crypto Meeting – Are Xrp, Eth And Ada About To Explode?

What Happened

We should therefore see significant gains in the medium- and long-term, while one new token in particular looks ready to rally in the next few weeks, as it prepares to launch.

Daily Price Prediction: XRP ($XRP) – Altcoin Preparing to Break Out of Bullish Pennant as ETF Launches Approach

And on a fundamental level, XRP holders have every reason to remain confident, especially when more than 10 XRP ETFs are likely to launch in the coming weeks.

Daily Price Prediction : Cardano ($ADA) – ETF Launch and Network Growth Can Push Altcoin Back to $3

Market Context

The crypto market has stabilized today after Federal Reserve Governor Christoper Waller signalled a positive shift in the central bank’s crypto policy, with his remarks helping to boost the price prediction for XRP, ETH and ADA.

XRP has also been trading within a bullish pennant from which it could soon breakout, adding another indication that good things could be soon coming.

When you add Ripple’s ongoing growth as a company, this points only to a rising XRP price over the medium- and long-term.

Daily Price Prediction: Ethereum ($ETH) – Dominant L1 Coin Set to Rally Hard as Reserves Accumulate More Coins

Ethereum has dropped to $3,847 today, with this price equalling an 8% decline in a week and a 14% drop in a fortnight.

It’s therefore a good period for Ethereum, which will return to solid growth once the market becomes more optimistic and bullish.

Given this overselling, and given that Ethereum is still fundamentally bullish, we can expect ETH to bounce back fiercely once market sentiment improves.

Why It Matters

If we look at its chart, we see that it’s beginning to rise up from an oversold position, suggesting that it could enter a period of sustained growth.

It could reach $3 again in November, before ending the year in pursuit of $5.

As we can see from its chart, its indicators have been declining more or less consistently since the first half of August, and they remain in a position which suggests that ETH is undervalued.

It could reach $4,500 in the middle of November, and enter the New Year above $6,000, assuming an end-of-year bull rally.

Details

These three tokens have remained flat in the past 24 hours, and while they remain down for the week, Waller’s comments highlight how the regulatory environment is becoming increasingly pro-crypto.

At $2.40, XRP is down by 4% in seven days and by 15% in a month, while it retains a very impressive 340% increase in a year.

What these three percentages tell us is that XRP is strong in the longer term, but oversold in the shorter term, implying that a rebound should arrive sooner or later.

For instance, its relative strength index (yellow) has rebounded from a low 30 about a week ago to 40, while its MACD (orange, blue) has flattened out after a prolonged decline.

ETH is still up by 46% in the past year, yet given the annual gains some other major tokens have made (e.g. XRP), it has plenty of room to climb further.

As with XRP, Ethereum remains in an incredibly strong position fundamentally, seeing as how Ethereum remains the biggest L1 network by a huge margin (in terms of TVL).

The past few months have also seen a growing number of public companies begin their own strategic ETH reserves, with BitMine and SharpLink sitting on treasuries worth around $13 billion and $3.5 billion.

ADA has fallen by 1.5% in the past 24 hours, with its drop to $0.631 also representing a 10% loss in a week and a 23% decline in a month.

On the other hand, the altcoin boasts a 73% gain in a year, while it also has plenty of space to rise further, given that it’s still 79% below its 2021 all-time high of $3.09.