Bitcoin (BTC) $62,810 price is above $60,000 with less than 24 hours until the Fed’s interest rate decision. While altcoins are rebounding, the U.S. stock markets reached new highs today. Although the temporary reversal in U.S. markets is positive for cryptocurrency, Bitcoin remains weak as Gold and SPX hit all-time highs. Let’s examine the current price predictions for XRP, SUI, and ETH from three different cryptocurrency analysts.
XRP Coin Commentary
As one of the largest altcoins by market capitalization, Ripple $0.53397 aims to dismiss the SEC troubles at its peak. Despite the SEC potentially trying to turn the match in its favor with an upcoming appeal in October, its chances of success appear slim. Ripple executives had previously stated that the SEC would not waste time with appeals.
Turning to the price chart, Carl noted in today’s analysis the approaching breakout from a symmetrical triangle formation. If the anticipated upward breakout occurs, we could see new tests at $0.615 and $0.65.
ETH Price Prediction
Ether, the largest altcoin, has also been one of the worst performers, with even ETF efforts failing to yield desired results. Although the medium and long-term outlook remains positive, potential inflation within the coin has caused some setbacks. An analyst known as Crypto Fella shared key breakout levels today.
“Ethereum $2,450 is looking to break the structure and change short-term momentum. In my view, there are two scenarios;
We could run to $2,800 in one go and break this level to create a higher peak. Alternatively, we might retest support at $2,100 before the next recovery attempt. If this scenario occurs, we will likely see some slow movements back toward previous levels, which ultimately indicates higher trends.”
SUI Coin Commentary
Recently, there has been increased commentary on SUI Coin. Notable crypto investor Raoul Pal stated today that “SUI Coin is behaving like one of the best-selected assets,” expressing his upward expectations.
“The chart has emerged from significant initial steps of inverted head and shoulders.”
If the upward movement begins, the target could be above the last major peak of $2.2. For this to occur, the BTC price must reclaim and convert $61,700 into support.