Top Ripple (XRP) Price Predictions, Cardano’s (ADA) Next Targets, and More: Bits Recap September 26th

TL;DR Despite the plunge, numerous analysts believe XRP has a chance to resurge to $3.20 and even $3.60. However, some warn of risks of a more severe crash, potentially as low as $2.20. ADA has slipped by double digits in the past week, but some of its hard-core fans still think the rise to a new all-time high is on the ￰0￱ ETH tumbled below $4,000, important factors, such as shrinking exchange balances, suggest the bulls might be back ￰1￱ Now for XRP? The substantial correction in the crypto market intensified over the past 24 hours, and Ripple’s XRP was among the worst-affected leading digital ￰2￱ price is down 10% on a weekly scale, currently trading at around $2.73 (per CoinGecko’s data).

Earlier this week, Ali Martinez claimed that XRP has successfully defended the $2.71 support, which may open the door to a rebound to $3.60. Other analysts, though, believe the asset remains at a crossroads. Recently, X user EGRAG CRYPTO argued that the token is testing resistance in the $2.65–$2.70 ￰3￱ claimed that a breakout to the upside could result in a rally to $3.20, while the opposite scenario might lead to a crash to $2.20. Meanwhile, XRP’s Relative Strength Index (RSI) has dipped to oversold levels of around 30, meaning that a rebound is the more likely ￰4￱ technical analysis tool tracks the speed and magnitude of the latest price changes and is often used by traders to identify potential reversal ￰5￱ below 30 are typically viewed as bullish territory, whereas those above 70 could be interpreted as precursors of a ￰6￱ RSI,), the RSI, which plunged to a five-month low of 15, and the accumulation of the whales.

X user Ted noted that ETH has bounced back from its local bottom. However, he outlined $4,060 as a major support level that needs to be reclaimed so a rally can occur. “Otherwise, the chances of a dump towards $3,600 will go up,” he suggested.