Despite XRP Coin lingering below $2, it remains relatively strong against the recent sharp downturns experienced by Bitcoin. Other altcoins are on the path to recovering yesterday’s losses. Today, we delve into current expectations for PUMP, HYPE, PENGUIN, and XRP Coin, as speculated by various analysts. What dollar targets are they aiming for?
Insights on PUMP, HYPE, PENGUIN
The analyst known as Altcoin Sherpa, while interested in new altcoins, notes that tokens he consistently sees as opportunities do not always deliver the desired results. Today, Sherpa discussed PENGUIN, suggesting that if one aims for long-term investment, the current region is reasonable for this altcoin. He argues that a Fully Diluted Valuation (FDV) between $65 million to $90 million provides a solid foundation from which the rise could accelerate.
“If it reaches high levels again, even if you think you are at the peak, I STRONGLY recommend that you sell some. Any level above 130 million FDV is likely a good level to sell and offload some. Whether it is the best market environment to believe in something and assume it will reach a billion FDV is uncertain. There is a great mindshare/volume, etc., but local crypto liquidity isn’t as strong as in 2024 or prior years.”
Buying in this region can be good for trading, but again, if it nears high levels (or at least the Take Profit point), you should probably sell. You don’t have to sell everything, and especially if you have a good entry, you can leave some.”
The same analyst closely monitors HYPE and PUMP Coins. Sherpa mentioned that a 10% increase is insufficient to trigger entry appetite, writing that he carefully observes the chart. In the above PUMP and below HYPE Coin charts, levels that need to be maintained are marked.
Ripple (XRP) Analysis
CryptoQuant analyst Darkfost today highlighted the open positions of XRP Coin, specifically noting that open positions at the largest exchange, which fell below half a billion dollars, had reached a record high of $1.76 billion on the Binance exchange on July 17. This contraction in the derivative market coincided with XRP’s fall from $3.55 to $1.83, reflecting a significant price correction of about 50%.
Since the massive liquidation event on October 10, positions have unwound much more rapidly. Consequently, they have reverted to their current level today. What’s next? The analyst is optimistic about a rise, and here’s why.
“These phases stand out when the open positions of XRP at Binance fall below the semi-annual average.”
Historically, following these clearance stages, a generally bullish recovery is observed when investors’ interest in the derivative market gradually returns.”
