3 XRP Rivals to Turn $200 to $2000 in Q4 Rally

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As a seasoned crypto investor with a knack for spotting trends and navigating market volatility, I find myself intrigued by the potential of these XRP rivals – Stellar (XLM), Toncoin (TON), and Cardano (ADA) – to deliver staggering returns in Q4.

Over the first half of October, I found that most significant cryptocurrencies were primarily holding steady amidst the escalating Israel-Iran conflict. As market conditions settle down and stabilize, there’s a growing sense among investors that we can expect a fresh recovery to commence in the second half of the month. In the upcoming Q4 rally, these three XRP competitors could potentially surge from $200 to as high as $2000 each.

Top 3 XRP Rivals to Turn $200 into $2000 This Quarter

Ripple, the firm recognized for its cross-border payment services, finds itself back in the limelight as the U.S. Securities and Exchange Commission (SEC) has asked the courts to reverse a decision that stated XRP sales to individual investors did not violate securities regulations. This action suggests an ongoing legal dispute for Ripple and potential delays in XRP’s recovery, the native cryptocurrency of the company.

With the asset suggesting potential prolonged stabilization, its competitors may be gearing up for significant surges during the last quarter.

Stellar (XLM)

Among the competitors of Ripple’s vision, Stellar’s projected price stands out due to its robust emphasis on facilitating cross-border transactions and remittances, similar to Ripple’s purpose. Currently, XLM is trading at $0.09, and it boasts a market capitalization of $2.67 Billion.

For approximately three years now, this asset has been moving up and down without significant progress, forming an almost triangular pattern. Given that this pattern suggests a prolonged period of accumulation, the price of XLM could surge by around 45% to test the upper trendline at roughly $0.13.

If we see a persistent surge beyond the current resistance level, it will significantly boost the upward trend and likely propel prices above $0.24.

Toncoin (TON)

Investors are taking notice of Toncoin, a layer-1 cryptocurrency, due to its attractive airdrop feature and more. However, the current day has seen a 1.4% decrease in TON‘s price, which continues a three-month correction driven by a descending trendline.

After continued selling, it looks like the altcoin might decline by approximately 11.26% to reach the $4.58 support level again, allowing it to regain its bullish trend.

Based on Santiment’s data analysis, it has been observed that the biggest TON token holders (with wallet sizes varying between 1 million to 10 million tokens) have consistently added to their holdings since last August. This significant accumulation amounts to approximately 31.2 million TON, indicating a growing trust among leading investors in the coin’s potential.

Cardano (ADA)

As a crypto investor, I’ve been observing the market, and it seems that among XRP‘s competitors, Cardano (ADA) is showing a similar triangle pattern in lower time frame charts. At the moment, ADA is trading at $0.34, indicating that this consolidation phase might continue until the chart setup becomes more clear.

If the price of ADA breaks out above the current trendline at approximately $0.39, it would signify the end of the accumulation phase and set the stage for an upward price movement.

Furthermore, the 30-day Market Capitalization to Realized Capitalization ratio (MVRV) suggests that short-term traders are currently experiencing losses. If this trend continues, it might instigate a wave of panic selling among these traders, potentially leading to a significant market correction. Conversely, such a situation could entice larger investors to capitalize on the uncertainty and drive sustained growth in the market.

Conclusion:

As an analyst, I find myself observing a fascinating shift within the cryptocurrency market. While Ripple (XRP) seems to be holding steady amidst the ongoing U.S. SEC appeal, digital coins like Stellar (XLM), Toncoin (TON), and Cardano (ADA) are experiencing a surge in momentum. The presence of substantial whale accumulation, coupled with promising technical patterns, indicates that these altcoins could potentially see significant growth during the final quarter of this year.

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2024-10-14 00:56