Ripple (XRP), Cardano (ADA), Solana (SOL) Price Shake-Up: What’s Coming Next?

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Navigating through Q3 2023, the crypto world exhibited a fusion of adversities and advancements, as spotlighted in Binance Research’s latest insights. Last month presented an air of relative stability for the crypto market, with only slight ebbs and flows in the total market capitalization. The end of the month painted a hopeful picture, with the lion’s share of the top 10 cryptocurrencies in the green.

The DeFi sector in September revealed a modest dip in TVL by 0.36% on a month-on-month basis. NFT enthusiasts had to grapple with a downturn as well, with the market recording its lowest trading volume for the year at just US$0.29B in September; alarmingly, a mere 7% of NFT owners registered profits over the past month. On the stablecoin front, September marked an 18th consecutive month of a shrinking market capitalization. Factors such as soaring interest rates and a cautious market environment have culminated in a liquidity crunch. 

Ripple (XRP) Price Analysis and Prediction

As we peek into Ripple’s price action, it’s evident that the asset has experienced a series of highs and lows. If you’ve been keeping track, the Ripple (XRP) price prediction on StealthEX is an interesting read. It provides an insight into how the asset’s price is likely to move through 2030. 

Taking a closer look at the current technicals, the 52-week high is comfortably at $0.922366, but the 1-month high is more conservative at $0.547121. Ripple’s price has recently crossed the 9-18 day moving average at $0.727239, a critical indicator for many traders. Looking further, the immediate support sits at $0.483443, and the next support level can be eyed at $0.479971. If you’re looking for buying opportunities, these levels can serve as cushions.

On the bullish front, if Ripple manages to hold above the immediate support and capitalizes on the positive momentum, there’s potential for the price to approach the recent highs. Conversely, should the bears exert their influence and push the price below the next support level, we might be looking at a deeper retracement. Nevertheless, Ripple’s partial victory over the SEC cannot be ignored and could be a major fundamental catalyst. And if you’re thinking of getting in on the XRP action, StealthEX is a great place to exchange USDT to XRP. With just one click, you can swap virtually any cryptocurrency you can think of without signing up or undergoing KYC. 

Cardano (ADA) Price Analysis and Prediction

Zooming into Cardano (ADA), the asset oscillates in a price window of $0.235 to $0.260. ADA recently showcased a bearish hint with its price slipping below the 9-40 Day Moving Average. However, this isn’t a solitary indicator. With the immediate support standing firm at $0.240340 and the next support level touching $0.237503, ADA provides traders a robust ground for fallback during turbulent times.

In the optimistic realm, should ADA march past its current barriers and break the resistance around $0.250379, a bullish rally targeting loftier heights might be on the horizon. On the flip side, a retreat below the next support level could pave the way for a bearish journey, potentially pushing ADA closer to its 52-week trough of $0.235702. Now’s the time to exchange USDT to ADA KYC-free if you’re considering acquiring ADA.

Solana (SOL) Price Analysis and Prediction

Solana, currently hovering between $20 and $25, presented interesting dynamics recently. A notable bearish sign was the price diving below the 9 Day Moving Average, with the immediate support for SOL resting at $23.0557 and the next support level positioned at $22.5747.

If SOL can muster strength and surpass its resistance, especially beyond $24.1795, we might be in for a bullish crescendo, aiming for the higher resistances. Should SOL falter and breach the next support level, a bearish descent towards the 13-week low of $17.4447 or even the 52-week low of $8.1289 isn’t implausible. Take advantage of this excellent opportunity to exchange USDT to SOL at the best rates. Despite its lower market capitalization and price compared to Ethereum, for example, Solana does have its own benefits that should not be overlooked. A more detailed analysis of Ethereum versus Solana can be found in this article. 

Conclusion 

The crypto landscape reveals a medley of challenges and progressions, with Binance Research providing nuanced insights into the market’s performance. Ripple (XRP), Cardano (ADA), and Solana (SOL), three of the prominent cryptocurrencies, have showcased varying price actions and potential future trajectories. For investors and traders, the emphasis on both technical analysis and an understanding of external catalysts remains paramount in deciphering these cryptocurrencies’ next moves.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.