The price of Bitcoin (BTC) $89,570 stands at $89,750, while the weakness persists in cryptocurrencies other than XRP Coin. The outcome of the Trump election is crucial since it could impact ongoing lawsuits involving companies like Coinbase, Binance, and Ripple $0.87713. This article highlights price targets for XRP Coin as analysts share their assessments.
Ripple (XRP)
Popular Turkish cryptocurrency analyst Efloud has released his latest market predictions after a prolonged period. He points out the potential for XRP Coin to break through the $1.02 resistance level, especially if the SEC Chair officially resigns. This level could mark a significant shift in the market dynamics.
“Socrates said, ‘The only thing I know is that I know nothing.’ I disagree. After the red box breaks, a quick 50% profit is possible for #XRP. My short-term and mid-term support/resistance levels are shown on the chart.”
In response to a user asking about XRP Coin’s price target, Efloud mentioned a peak forecast of $3 and above. If the market experiences a FOMO scenario, spikes to these levels may occur.
FTM Coin and Bitcoin
An analyst using the pseudonym Titan of Crypto advises against panic. With challenging processes behind Bitcoin, there’s a widespread belief that short-term pullbacks won’t revert to previous dull days. Titan wrote the following about BTC:
“The next stop for Bitcoin could be $97,000. BTC appears extremely bullish across all time frames. Weekly Ichimoku lines indicate upward movement, and prices are above all lines with the Lagging Span free to move!”
Regarding FTM Coin, analyst Efloud seems pleased with a 5% gain from a support level marked after a sell-off at resistance.
If the upward trend continues, FTM Coin’s price could reach new highs above $0.80. The analyst has long indicated the $0.67 region as a reliable support level.
At the time of writing, Bitcoin is above $89,500, and XRP Coin is experiencing a 20% gain, while Ether’s price has dropped to around $3,000.