That amounts to 12% of lost value compared to what the coin hit just last month. Today, ADA won a minimal 2.2%, but investors see it failing in comparison with newer coins, which now are rapidly growing in prices.

Historical Trends Show Headroom For Further Growth

For ADA holders, crypto expert Ali Martinez has some encouraging news. He thinks Cardano might behave in line with its spectacular 2020 expansion. Following a protracted consolidation period, ADA surged by almost 4,000% and peaked at $3.10 within 10 months.

I believe #Cardano $ADA is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025. pic.twitter.com/GgKWBqzYXU

�Ali (@ali_charts) October 29, 2024

Martinez thinks if history repeats itself, we may see a price jump starting around November 18, 2024–two weeks after the US elections.

As of now, Martinez said ADA has spent 455 days in a range since the last peak, and may hit $6.50 in September 2025 as it is going to skyrocket by 2,288%.

ADA market cap currently at $12.4 billion. Chart: TradingView.com

On-Chain Activity Raises Concerns

A fresh analysis from IntoTheBlock that showed Cardano’s Network Value to Transactions (NVT) ratio has surged to its highest level since June adds to the concern. Often preceding price pullbacks, this statistic points to a decrease in on-chain activity relative to price increases. The report underlined that ADA might struggle to keep increasing pace without more on-chain involvement.

Cardano’s NVT ratio has surged to its highest level since June, indicating a decrease in on-chain activity relative to price growth.

This classic overvaluation signal is notable given $ADA‘s recent underperformance, suggesting the potential for further downside.

Historically,�pic.twitter.com/yTx83exBXM

�IntoTheBlock (@intotheblock) October 29, 2024

Despite these challenges, some analysts are optimistic about Cardano’s long-term horizon. They foresee an estimated 130% growth in the next three months and an impressive 140% increase in the next year. This gap between short-term struggles and long-term optimism would suggest that Cardano has short-term pain ahead but that significant recovery is on the horizon.

This is a challenging time for Cardano as investors monitor closely its price movement and the behavior of trading with the token. As long as concerns over further dips linger, there are some individuals that believe this is a good opportunity to enter the ADA market before it takes off.

Analysts like Ali Martinez offer hope based on previous tendencies despite Cardano’s recent performance. ADA needs the next several weeks to solidify its position in the fast-changing crypto industry. Investors will monitor to see if Cardano can restore market momentum.

Featured image from CoinFlip.tech, chart from TradingView

Deutscher has consistently highlighted RWA tokens as one of his top investment narratives, ranking third behind memecoins and AI for this crypto bull run. “When I look at narratives that can actually change the fabric of crypto and really offer a new value add, I think RWA is massive,” he stated. He emphasized the growing appeal of on-chain treasury yields, especially as traditional decentralized finance (DeFi) yields diminish and interest rates decline.

The analyst previously capitalized on early investments in ONDO and Mantra (OM), both of which have seen substantial gains. ONDO, for instance, delivered a 7x return from his initial entry point. However, Deutscher now considers these assets to be reaching overvalued territories. “Valuation-wise, though, it’s pretty insane considering the fact that its market cap’s a billion, but it’s fully diluted valuation (FDV) is $7.1 billion,” he said regarding ONDO.

Deutscher has been reallocating his capital into what he perceives as undervalued opportunities within the RWA space. Alongside Clearpool (CPOOL), which he mentioned has already gained 42% since his initial disclosure, Chintai (CHEX) stands out as his newest and largest RWA position. “This one I’m also really, really bullish on. It’s tough for me to say if I’m most bullish on this, but it might be the one that I’m most bullish on in the RWA sector,” he remarked.

Chintai differentiates itself by being one of the few RWA-focused layer-one blockchains regulated by the Monetary Authority of Singapore (MAS). “If you know Singapore, they are so strict with due diligence. It’s really hard to get a license; they fought for a license and they’ve got it,” Deutscher noted. This regulatory approval positions Chintai to attract significant institutional capital, potentially channeling billions of dollars in total value locked (TVL) onto their chain.

The analyst highlighted Chintai’s robust fundamentals, including its extensive list of major clients and partnerships, such as DHC, Finstable, and Greengate. “They are basically a marketplace for tokenization, an L1 blockchain for RWA tokenization,” he explained. The platform has already facilitated over $630 million worth of loans and is set to launch “OZEAN,” a blockchain for RWA yield supported by Optimism, early next year.

From a valuation perspective, Deutscher sees substantial upside potential. Chintai currently has an FDV of approximately $250 million, significantly lower than Mantra’s $1.37 billion FDV. “If CHEX—even in a static market without the market growing at all—does a 6x, that’s just now matching Mantra,” he calculated. Considering the potential growth of the RWA market, the upside could be even more pronounced. “What if the RWA market 2x’s? Because I think it’s going to be a very strong narrative next year; then you could be looking at a 14x.”

Despite its strong fundamentals, Deutscher acknowledges that Chintai’s lower valuation compared to its peers is largely due to a lack of market awareness. “Why is there that discrepancy despite the fundamentals being just as, if not more strong, for Chintai? Just marketing,” he observed. Mantra has excelled in marketing efforts, attracting considerable attention in the crypto community. “Once Chintai can improve its awareness—and I’m actually giving it more awareness by making this video—that is the only key that it’s missing.”

On the technical front, Deutscher finds Chintai’s chart promising. “What I also like from a technical analysis perspective is the fact it’s hovering above this zone, which, if you are technically inclined, you have that technical invalidation,” he said, pointing out the potential for a significant move to previous highs. He remains cautiously optimistic about price targets, emphasizing prudent profit-taking strategies. “I don’t want to get carried away with crazy price targets… I’m never greedy in this market.”

Deutscher concludes that Chintai’s combination of regulatory compliance, institutional appeal, and undervalued status makes it a compelling investment. “They can actually attract institutional capital because of the licensing and because of the product they’ve built,” he affirmed.

At press time, CHEX traded at $0.2874.

If this support is sustained, according to Martinez, it shall serve as the catalyst in staging a rally to usher the cryptocurrency to the ambitious target of $6,000. However, things do not seem that smooth ahead as already some market observers and participants have opined that the existing support could break under pressure.

#Ethereum is testing a key support zone at $2,400. If this level holds, we might see $ETH aiming for the channel’s upper boundary near $6,000! pic.twitter.com/W8J8WVy5CL

�Ali (@ali_charts) October 26, 2024

Ethereum has begun forming a rising channel from July 2023. An ascending channel is a technical pattern in which two parallel trend lines represent the support and resistance level. Recently, the price of Ethereum stayed near the lower edge of this corridor. Martinez believes that Ethereum will rally from here, so everyone’s holding on tight.

Important Support And Resistance Zones

The ascending channel pattern does not occur by accident. It indicates the probable paths of Ethereum. The trend line acts as a resistance level in the channel, while the trend line at the bottom actually acts as a support level for the price to bounce. The move of Ethereum past $2,600 is also an important retest point that will act as a pivot for its new price target.

Martinez believes this is a good risk-reward opportunity for the investor and recommends placing stops at around $2,00 to $2,150. The idea behind these stop-losses is to limit the potential losses, but they also open up upside in case Ethereum moves higher towards the upper trendline.

This observation appears somewhat vague, as some analysts are expressing concerns about a potential breakdown at the $2,500 range. However, Martinez has not provided much insight into how this situation could still create favorable conditions for a rally to occur.

Indicators Look Positive: On-Chain Data

On-chain data shows 70% of Ethereum holders are profitable. Therefore, this positive attitude would be further supported in terms of the level of profitability that reduces the chances of big sellers. When there aren’t strong motives for selling, then an upward movement for Ethereum could easily be expected.

Meanwhile, the future estimates for Ethereum have room for growth. The current market predictions reveal that Ethereum is trading about 6.5% lower than the predicted target for next month, which also means the asset is underpriced.

More positive projections for the long term range from 173% possible returns in a year, according to figures by CoinCheckup. Such growth could probably give a push to Ethereum’s upward movement and form a firmer support base that may encourage price levels to stay high and stabilized.

Featured image from StormGain, chart from TradingView

Memecoin Price On The Downtrend

Some investors are apprehensive due to the downward trend of the price. Although PEPE has experienced significant price increases in the past, recent metrics suggest that momentum is diminishing.

It is interesting that the number of holders is consistently increasing, despite the obstacles. This expanding base, which is now approaching 296,000, indicates that a devoted community continues to support the token.

Even if participation has dropped, it is clear that many investors are still committed to the popular meme coin and have future hope. The declining trade activity has raised some questions, though.

Active Addresses On The Retreat

Active addresses that the PEPE network has seen have dropped significantly, data from Santiment shows; today they count roughly 13.5k. From peak levels recorded earlier this year, this translates to a decline.

Lower active numbers of users would typically denote reduced trading volumes and hence decreased liquidity levels. Perhaps, this might indicate that euphoria regarding the memecoin market in the earlier stages is fading away slowly.

The niche seekers probably are on a lookout for something new within such a developing memecoin territory. If the same continues then PEPE could struggle to regain its vibrancy.

The more cautious sentiment among traders is evident in the subdued price action. Perhaps as a result of the general market’s uncertainty, certain investors appear to be waiting on the periphery. If the price remains under pressure, it is possible that the coin will experience additional declines before it establishes a strong foundation.

Despite the challenges in engagement and the weakness in price, there are rays of hope for PEPE. In the coming three months, analysts expect more than a 200% increase which is a positive indicator of upside potential.

CoinCheckup forecasts that in the next month PEPE could be trading 220% lower than its current price. This can be an appropriate time to invest in the asset. The experts are of the opinion that the upcoming months will accrue the investor a total of 165% profits.

Nonetheless, in the face of these difficulties, the future developments seem promising and PEPE will soar to $0.00044 by 2026, which may cause renewed interest in the sector as a whole.

Featured image from Vanity Fair, chart from TradingView

Critics slammed his forecast, but Ralston Maximus, a seasoned investor, defended that the predicted price of XRP climbing to $35 is reasonable.

XRP: A ‘Ridiculous�Target?

Another trader expressed his skepticism on the possibility that XRP could have such exponential price growth.

In a post, @Phoddler was left in awe of disbelief at Maximus�price assumption on XRP, calling it a “ridiculous�target.

According to @Phoddler, based on his estimates, the price target is simply unattainable.

He accused Maximus of proliferating price targets that are excessively optimistic, adding that it could harm the lives of investors who will believe in such exaggerated price predictions.

Reality is, it was never looking to break out, thers it much more chance of seeing 30 cent than $7

�MXRP (@phoddler) October 22, 2024

He argued that it is more realistic to predict a price hike of $0.30, insisting that a $30 to $35 hike or even an increase of $7 might sound unreal.

Hitting $35 Feasible?

Maximus remained firm in his bold assumptions about XRP, saying that he is only telling the truth and being honest about a possible breakout for the digital asset.

How the fuck is $30-35 a ridiculous target? It’s the larger measured move $30-35. $7 is the smaller measured move. I’m a trader with my one long term bag $xrp. We got bent up until breakout. The difference is I’m honest about it. Missed opportunity is missed opportunity. U Fk. //t.co/SGXARjCNmt

�Maximus Prime (@RalstonMax) October 22, 2024

He explained that the target is not ridiculous since the $30 to $35 price target represents the most optimistic outlook or as he describes, “The larger measured move.�/p>

On the other hand, the price target of $7 is also not irrational because the figure is the conservative assumption for the price rally, adding that the target will remain as a vision until the breakout finally occurs.

He also defended that he is a long-term XRP trader and has great confidence in the future of the crypto.

Drawing Inspiration From Ethereum

Other market observers also agree that a double-digit price for XRP is realistic, citing the possible price upsurge for Ethereum.

Although they are predicting a price of $35, they believe that the altcoin can experience a price hike and hit anywhere above $10.

At the time of writing, XRP is being traded at $0.5159, which is slightly up by 0.3% in the last 24 hours, data from CoinMarketCap shows.

Featured image from Trackinsight, chart from TradingView

Deutscher began by outlining his approach to portfolio construction, highlighting the importance of limiting core holdings to fifteen altcoins spread across six key sectors: meme coins, artificial intelligence (AI) tokens, infrastructure projects, gaming, real-world assets (RWA), and decentralized finance (DeFi). This structure is designed to enhance focus and manageability, particularly for investors who may not have the time to actively manage a larger number of positions. “Based on the feedback from my community, I believe it’s better in this market to concentrate into high conviction bets,â€?Deutscher stated.

Best Altcoins For The 2025 Crypto Bull Run

In the meme coin sector, which Deutscher allocates a substantial 25% of his portfolio to, he identified three primary candidates: WIF, PEPE, and SPX. WIF, described as the leading meme coin on the Solana blockchain by Deutscher: “It’s pretty much the number one Solana kind of beta meme coin. Anons talk about it a lot. It’s got major exchanges. Coinbase listings being teased coincidentally. It’s actually at a very nice DCA Zone at the time of recording this video.â€?/p>

Pepe, an Ethereum-based meme coin, benefits from widespread recognition and strong community distribution. “I do like Pepe because it’s the leading kind of ETH beta meme coin. It’s one of the most famous memes in the history of the internet and for that reason I think it commands a lot of mind share,â€?Deutscher remarked.

SPX6900, endorsed by Murad Mahmudov, a leading figure in the meme coin space, is anticipated to attract substantial retail capital during market upswings. “Number three is SPX because […] Murad is the leader of memes. His number one shill and his number one meme holding is SPX, so this is one that I think is going to have momentum as retail comes in,â€?Deutscher remarked.

Turning to the AI sector, Deutscher also allocates 25% of his portfolio to AI-focused projects, recognizing the burgeoning interest and potential in this field. His top picks include TAO, NEAR, and Spectral. TAO is positioned as the leader in decentralized AI, “focused on the enterprise side,�according to the analyst.

NEAR, a top AI layer-one protocol, is selected for its potential to rebound during market dips and its foundational role in AI-driven applications, despite recent underperformance. Spectral (SPEC) is the “top AI agent play in cryptoâ€?for Deutscher. “They’ve got big backers. There’s no [token] unlock for another six months. You can basically automate your trading on-chain via AI agents,â€?he added.

In the infrastructure sector, Deutscher maintains an equal 25% allocation, focusing on foundational projects that underpin the crypto ecosystem. Solana (SOL) remains his primary choice, recognized for its role as the launchpad for new meme and AI trends, and projected to deliver consistent returns without the explosive growth potential of smaller altcoins.

Fantom (FTM) is favored by Deutscher for its strong narrative. “I just think it’s got a great narrative with Sonic [upgrade]. Andre [Cronje] is a big figure in the space. You’ve had that cool down in terms of price and I think it’ll be one of the prevalent and l1’s this cycle,â€?the analyst claims.

Third, Deutscher picks Aptos (APT) over Sui (SUI) because of its higher potential: “I picked Aptos […] because I just think in terms of a pair trade Aptos is probably the next to run after SUI already went on a massive run. That’s the only reason and the other thing is the price is looking good from a TA point of view. It’s still down significantly from all-time high so it has room from for for major upside.â€?/p>

Real-world assets (RWA) constitute 10% of Deutscher’s portfolio, a sector he believes is poised for significant adoption. His selections, CPOOL and CHEX, are chosen for their solid protocol development, strategic partnerships, and upcoming exchange listings, which are expected to enhance their market legitimacy and growth potential. Additionally, Pendle is mentioned as an honorable mention, recognized for its strong narrative, partnerships, and organic token distribution, making it a standout performer in the RWA space.

The gaming sector, though traditionally undervalued, receives a 10% allocation in Deutscher’s portfolio. He highlighted Beam and Super as his top picks, with Beam serving as an infrastructure play backed by substantial treasury reserves and strategic partnerships, and Super functioning as a community-driven gaming meme coin with strong utility and a cult-like following.

In the DeFi sector, Deutscher allocates 5% of his portfolio to two primary assets: AAVE and Rune. AAVE is identified as the strongest DeFi blue-chip, benefiting from robust revenue streams and increasing on-chain yields, making it a reliable cornerstone for the portfolio. Rune is viewed by Deutscher as a leveraged bet on the market’s bullish trajectory, expected to perform exceptionally well during market upswings due to its reflexive nature and the functionality of its Omnipool.

At press time, WIF traded at $2.43.

Crypto analyst Alan Santana has pointed out that the token’s current sideways movement may signal further declines. Since reaching a high in March 2024, FLOKI has been trapped in a bearish trend, unable to regain its previous momentum. After a brief rally in June, the price has stagnated, reflecting a shift in market sentiment.

According to Santana, traders should “prepare for the crash”, given the current negative market dynamics in play, based on his examination of the memecoin’s price movement.

#Altcoins | #FLOKI Floki Inu Major Drop Now Imminent: Prepare For The Crash!

I remember we traded Floki Inu successfully on the bullish side, it was a nice ride, do you remember? Market conditions have changed.

Notice the huge green candles in February 2024, these are about�pic.twitter.com/5OrScWHNeb

�Alan Santana (@lamatrades1111) October 27, 2024

Analyzing The Current Dynamics

The current technical indicators show a disturbing trend for Floki Inu. It seems the token is experiencing a long consolidation phase, which can be termed as a “distribution phase,” and the sellers are in charge.

The heavy trading volumes during its earlier bullish moves, particularly in February and March, have shifted to heavy selling in recent weeks. As of now, FLOKI trades at $0.0001315, down 1.20% over the past day, and many are watching key support levels closely.

Two really important support zones have developed. Should the bearish trend persist, analysts estimate FLOKI would retest the initial support level at $0.00009557.

Should that break, the token may drop to a possible lowest value of $0.00004200. For those clinging to their tokens, this situation begs questions about whether it is time to change their stance.

Fibonacci Levels Suggest Weakness

Another technical indicator that is negative in its sentiment is the Fibonacci retracing levels. Most importantly, for FLOKI to dominate the market, it has been consistently rejected at the 0.618 and 0.786 levels.

The persistent rejection of the price here indicates that the positive feeling is being crushed. Price action shows that FLOKI will go below its current trading range, which piles on more pressure on the holders as well.

In view of these contradictory messages, investors should still be extremely cautious. Since the immediate future seems hard, many predictions indicate there’s going to be an uptrend, and investors can hit a price that might reach $0.00044 at the end of November. However, many traders remain skeptical given the current sentiment.

The Fear & Greed Index reads at 69, marking a greed level in the market. It is basically what leads to downturns. For the last month, FLOKI had its green days at 43%, volatility rate at 7.48%. Prior to making any decisions, it could be prudent for individuals wishing to enter the market to wait for more distinct indications of positive mood. When it comes to cryptocurrency, timing can be crucial.

Featured image from Pexels, chart from TradingView

Despite the projected growth, an Ethereum insider suggested that the cryptocurrency should address several key issues to ensure that it can continue to flourish.

Ethereum: Projected Price Upsurge

Analyst Bаsictrаdingtv stated that prices of Ethereum could skyrocket as there is a growing interest among investors to buy the digital asset, saying that a 60% price hike is highly likely to happen.

Blockchain data analysis firm Santiment identified a spike in whale activity on the Ethereum network and recommended a potential purchasing spree.

According to their recent update, whale activity reached a six-week high, with average holders accumulating Ethereum after the con’s recent price decline.

Ethereum’s whale activity spiked to a 6-week high as its price declined as low as $2.38K Friday. Historically, this is a sign of accumulation from high capital key stakeholders. Though not a guarantee this will have an immediate effect on prices bouncing, it is encouraging! pic.twitter.com/zcofdvszLF

�Santiment (@santimentfeed) October 26, 2024

Projections shown by market observers suggested that Ethereum prices could soar and hit the $4,000 mark with some analysts forecasting that it might even breach the $6,000 level.

Ethereum price growth could be fueled by its growing appeal to whales as demonstrated in the six-week high whale activity wherein more than 6,400 new wallets were made by large investors.

Bаsictrаdingtv also agreed that Ethereum prices could reach the $4,000 level. However, he hinted that the possible bullish breakout would be invalidated if the ETH price dipped to $2,000, saying that this “pricе zonе�is a key indicator that should be kept an eye on.

Recalibrating Protocol For Growth

Meanwhile, Ethereum co-founder Vitalik Buterin said in a post that there are several issues that the cryptocurrency needs to address to thrive in the ever-evolving crypto space.

Buterin explained that one of these issues is to simplify its protocol and ensure its continuous growth, saying that the coin’s protocol has become more complicated and it already undermines Ethereum’s integrity and security. He said that simplification of the protocol could help address the said issue.

He explained that Ethereum has already implemented changes in the past, citing the removal of the SELFDESTRUCT opcode as an example. The SELFDESTRUCT opcode was known to complicate interactions among users and posed potential security risks.

However, Buterin cautioned that the removal of such features must be conducted in a systematic approach so developers could see the impact of such action before implementing the changes.

Another critical issue raised by Buterin is the storage problem being experienced by the cryptocurrency.

Buterin said that Ethereum needs at least 1.1 terrabytes of storage to house its enormous historical data.

He suggested the implementation of “cryptographic proofs of the state� adding that this solution will allow nodes to retain only a fragment of the histories.

He added that this approach is the same as the torrent system wherein nodes only keep pieces of data that intersect from one node to another.

At the time of writing, Ethereum is being traded аt $2,470, a 2.84% price dip in the last 24 hours. On the other hand, ETH’s trаding volumе went up by more than 30% to nearly $22 billion in only a single day.

Featured image from Forbes, chart from TradingView

Dogecoin Eyes $24 Price Target 

The Dogecoin price has been trading below $1 for years now, experiencing significant price fluctuations as it attempts to break out of key resistance levels and move past current bearish positions. In contrast to Shiba Inu (SHIB), its top meme coin competitor which has seen impressive gains recently, Dogecoin has experienced substantial price declines that have left a few investors no choice but to liquidate their holdings. 

Amidst this bearish trend, a crypto analyst, identified as ‘CEO�on X (formerly Twitter) has rekindled optimism among Dogecoin community members with a new bullish prediction for the cryptocurrency. The analyst has shared what he describes as the “ultimate Dogecoin chart,�where he projects that the meme coin could reach $24 soon.

In the Dogecoin chart, the analyst disclosed the cryptocurrency’s past price movements, highlighting two instances where the meme coin experienced prolonged bearish trends before breaking out into a massive price surge. Based on Dogecoin’s current price action it seems the meme coin is displaying similar historical conditions that suggest that a bull rally might be imminent. And according to the CEO, this potential bull rally could see DOGE hitting $24. 

Is A $24 Dogecoin Price Increase Possible?  

Given how lofty a $24 price for Dogecoin might seem, the CEO has acknowledged that many people would doubt such a bullish outcome. Nevertheless, he expressed strong confidence in this prediction, asserting that Dogecoin skeptics will be proven wrong when the meme coin reaches this milestone. 

With Dogecoin’s price presently trading at $0.13, it’s understandable why many investors would be skeptical of the meme coin reaching a $24 price target. Achieving this ambitious milestone would require the king of meme coins to surge approximately 18,362% from its current price �an extraordinary leap that would likely occur during periods of intense demand and bullish sentiments typically seen during strong bull markets. 

In addition to this, a $24 price surge for Dogecoin would also require its market capitalization to reach trillions of dollars. As of writing, Dogecoin’s market cap sits at $19.6 billion, meaning it would need to surpass Bitcoin’s market capitalization which is currently $1.3 trillion to hit this price level. 

Data from CoinMarketCap shows that the Dogecoin price has experienced a 6.41% decrease over the past seven days and another 4.37% decline in the last 24 hours. The cryptocurrency is currently trading at $0.134, with derivatives data from Coinglass showing that the meme coin’s open interest is down by 9.65% but also up by 24.2% in terms of trading volume. 

Featured image from Newsweek, chart from TradingView

The Fear & Greed Index stands at 69, indicating a market characterized by greed, which frequently results in heightened volatility. In the last 30 days, XRP has experienced 14 positive trading days, equating to around 47%, with a price volatility of 5.84%.

Present Market Circumstances

Right now, XRP is worth $0.5293, a little decline of 0.77%. This dip draws attention to a more general trend of resistance the token has been faced with since October started.

According to analysts, it is still not the right moment to invest in XRP, at least with regard to current bearish emotions and recent difficulties with price. In terms of market capitalization, XRP has reached $30 billion, showing some improvement of late.

Despite the warning signs, the majority of analysts are still bullish on the potential price increase for XRP in the next several months. Depending on market conditions and sentiment, predictions range from $0.75 to $0.86, with further upside by the end of 2024.

Crypto analyst Dark Defender forecasts the altcoin hitting the key $0.86 mark, which is a 27% increase in price at current levels. The path to such target, he said, will be a “tremendous move.”

Hey there. This post is a long one. So get ready.

Let’s check together where we are in the weekly time frame. We set a structure for $XRP over a year back, considering the 1st wave at $0.9327.

1. The ones know, know, that we targeted $0.89 and above when XRP was at $0.28.�pic.twitter.com/72QRlt1Djy

�Dark Defender (@DefendDark) October 22, 2024

Investor Sentiment And Forecasts

The conflicting signals in the market impede investor decision-making on their next behavior. While the technical signals caution, the Fear & Greed Index shows that many people still have a tendency to welcome risks.

This discrepancy frequently results in erratic price fluctuations in cryptocurrencies such as XRP. Investors are urged to monitor market movements and mood indicators prior to making decisions.

Moreover, Ripple’s continuous legal conflicts with the SEC constantly hide XRP’s expected performance. Regarding the possible creation of an ETF for XRP, CEO Brad Garlinghouse has voiced enthusiasm that would significantly increase the market presence of the cryptocurrency if realized. Still, many investors could show reluctance unless these legal questions are resolved.

In light of the prevailing adverse mood and volatility in XRP’s price, it may be prudent for prospective investors to exercise caution. Despite the potential for development suggested by future price forecasts, the current outlook implies that this may not be the ideal moment to enter the market.

Featured image from Pixabay, chart from TradingView