Weekends typically bring a quiet phase for cryptocurrencies, and we are approaching the end of the last working day of the week. Despite predictions, the PCE figures have not yet triggered a notable increase for cryptocurrencies. However, Bitcoin 
$91,081 has started attempts to reclaim the $110,000 mark while Ethereum 
$3,094 has surpassed $4,000. What does the future hold for XRP and BTC?
XRP Coin and ETF Inflows
James Butterfill, the head of research at CoinShares, suggests that a sharp recovery phase will begin for cryptocurrencies with the start of the fourth quarter next month. According to him, cooling inflation will lead to more dovish statements from the Fed, allowing Bitcoin to reach a new all-time high of $168,000 by the end of the year.
Such predictions are not without precedent. In both 2017 and 2021, we witnessed peak levels in the final quarter of four-year cycles. Numerous analysts point to the coming three months as crucial for this phenomenon. While some analysts offer conservative predictions, others set their targets much higher.
For instance, Shawn Young anticipates a peak of $135,000 this year. Analysts from Standard Chartered and Bernstein foresee Bitcoin hitting a historical high of $200,000 before year’s end. While similar predictions have proved inaccurate in the past, the direction of cryptocurrencies seems poised for new heights, barring a global conflict.
XRP Coin and ETF Approvals
On September 17, the SEC announced a listing standard that shortened the issue period for cryptocurrency ETFs from 240 to 75 days. Approximately 100 ETF applications are currently pending review by the SEC. These applications cover a wide range of altcoins, even including meme coins. Bloomberg Intelligence’s ETF expert James Seyffart predicts that the new regulations will lead to over a hundred cryptocurrency ETFs receiving approval within 12 months.
Butterfill mentions that with ETF approvals for XRP Coin and others, inflows into crypto investment products could multiply this year. The previous year marked the launch year for Bitcoin, with net inflows of $48 billion into cryptocurrency products. So far this year, the figure has approached $40 billion, and should XRP and others receive approval, it could reach $60 billion.
