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

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 th

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Author: Crypto Daily

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