Bulls have started to lose their position at the end of the day, according to CoinStats.

DOGE/USD

The rate of DOGE has increased by 0.53% over the past 24 hours.

On the hourly chart, the price of DOGE might have found a local resistance level of $0.1101. If the daily bar closes far from it, traders may witness a test of the $0.1060 zone tomorrow.

On the bigger time frame, one should pay attention to the candle’s closure in terms of the nearest level of $0.1103. 

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If it happens far from it, bears may get back in the game, which might lead to a correction to the $0.1040 range.

From the midterm point of view, it is too early to make any distant predictions. However, if the weekly bar closes near $0.1109, the accumulated energy might be enough for a breakout, followed by a move to the $0.12 mark.

DOGE is trading at $0.1072 at press time.

Seasoned analyst Jackis, who has been active in financial markets for a decade, recently issued a stark warning regarding the outlook of XRP. 

In an update shared on X, Jackis argued that XRP could be on the verge of a “violent breakdown.” He cited several technical indicators that suggest trouble for the popular altcoin.

The chart shared in Jackis’s analysis reveals a prolonged distribution phase during which XRP has been trapped in a sideways trading range. Specifically, XRP has been in this pattern for nearly seven years and is nearing a breaking point.

However, market watchers are divided on XRP’s next move. Some argue that this extended period of consolidation implies a violent pump upon a breakout. Meanwhile, Jackis’s analysis suggests a breakdown instead.

Jackis noted that XRP’s current support trendline is “super weak,” having been tested multiple times, which makes it vulnerable. This weakness may indicate that buyers may no longer have the strength to maintain current price levels.

Furthermore, a potential head-and-shoulders pattern observable in the chart further emphasized the bearish outlook for XRP.

“The breakdown will be violent,” warned Jackis. “I highly recommend hedging yourself once this crypto coin crashes.”

This bleak outlook for XRP has drawn significant attention from the crypto community, with some pushing back against his prediction. One X user commented that the potential fallout would be devastating, stating:

“Imagine being stuck holding XRP for years only for it to break down this violently now. That’s scary.”

A Closer Look at Jackis’s Analysis

While the most apparent interpretation of Jackis’s analysis is that he is bearish on XRP, a closer look at the chart suggests he is merely being sarcastic about XRP’s price trajectory.

The graph he shared is actually an inverted historical price chart for XRP. When flipped to the correct orientation, it indicates that the analyst is bullish on XRP.

In particular, he is targeting the $1 price range for XRP in the near future, which is a massive 70% increase from the current price of $0.5895.

Essentially, Jackis’s seemingly sarcastic commentary aims to play into the fantasies of XRP skeptics who see no bullish potential in the token.

Despite widespread skepticism regarding XRP given long-standing underperformance, market analysts are nearly unanimous in predicting a notable breakout in this cycle, even among top critics in the Bitcoin community. 

However, opinions differ on what XRP’s peak price might be. While some are hoping for a price point of $250, others believe that just $2 is a more realistic peak for this cycle.

Discover why Cardano may struggle against Aptos and Rollblock in the competitive crypto market.

Based on Cardano’s (ADA) underwhelming market performance recently, analysts predict that it may lag behind most of its rivals such as Aptos (APT) and Rollblock (RBLK), in the following months.

Conversely, Aptos (APT) has been riding on bullish trends, attracting investors with multiple partnerships from top ventures. However, Rollblock (RBLK) is set to outperform them both, according to experts.

Cardano (ADA) Lags Behind Rivals

Cardano (ADA), which was one of the best performing cryptos, now has investors wondering if the price will rise again, due to its prolonged poor market performance since its 2021 peak. In the last 1 month, ADA dropped by 9.33%, rising by only 1.49% in the last 7 days.

ADA is outperformed by 58% of the top 100 crypto assets, trading below the 200-day SMA at $0.3491, down 89% its ATH with a high inflation rate of 6.33%. ADA’s market cap has also declined by 2.39% while its trading volume is rising due to selling pressure.

Expert analysis on the Cardano price prediction shows ADA’s price could decline to $0.328718 in a few days, they speculate that ADA may surge to $0.408054 by next month if it reaches the $0.23 support level, but it may continue to lag behind rivals if it doesn’t rebound.

Aptos (APT) Rides The Bullish Waves

While the Cardano price prediction remains bearish, Aptos’ (APT) recent performance in the crypto market has been bullish. With a price increase of 57% in the last 1 year, APT witnessed 15 green days in the last 30 days and trades at $7.95.

One key reason for APT’s bullish performance is the increasing trading volumes on the Aptos derivatives, and the recent partnerships with multiple ventures such as MEXC Ventures, and Mirana Ventures, resulting in speculations of a surge to $10 for APT.

Nevertheless, APT is outperformed by 51% of the top 100 crypto assets, Bitcoin and Ethereum included. APT is also trading 60% from its ATH with high volatility of 7.84%, and a high yearly inflation rate of 111.43%.

Rollblock Set To Outperform Rivals

Although APT is on a bullish trajectory, it is no match for Rollblock. The latter is known for its online casino which offers over 150 games that players can earn from, With high and fast payout rates, it has the crypto market abuzz with its ongoing presale momentum.

Rollblock’s presale has successfully transitioned from the private seed round to its current stage 6, raising over $2 million in each stage, with investors getting up to 20% RBLK token bonus in addition to a discounted price in each stage. In the stage 6, Rollblock tokens can be purchased at just $0.027 per token.

The tokens give investors access to the platform’s premium features, such as reduced trading fees and other earning opportunities, with no KYC requirements. Moreover, Rollblock shows its commitment to safeguarding users’ funds by successfully completing its smart contract audit with SolidProof.

The Rollblock casino has also been verified by Curacao e-gaming authority. Having taken note of its amazing features, experts predict Rollblock will outperform many rivals moving forward.

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Recent research from leading fintech platform Finder indicates that XRP may experience substantial price increases over the next few years. 

According to the Finder research, a panel of fintech specialists forecasts that XRP will end 2024 with an average price of $0.66. However, they see its value rising above $6 by 2030, offering long-term investors significant potential gains.

The opinions among experts vary, with some displaying optimism and others exercising caution due to potential hurdles.

XRP Price Targets by Year-End

Unocoin Technologies CEO Sathvik Vishwanath is among the most bullish. He anticipates that XRP could surge to $1.50 by the close of 2024, representing a substantial 215% rise from XRP’s value at the time of the research and a 162% increase from the current price at press time.

Vishwanath attributes this potential growth to XRP’s role in the financial scene, especially in cross-border payments, and Ripple’s collaborations with major financial institutions. Despite this optimism, he acknowledges that regulatory challenges might still pose a risk to XRP’s long-term trajectory.

On the other hand, a University of Canberra lecturer, John Hawkins, offers a much more conservative outlook, with Finder noting that he presented the most negative prediction. Hawkins projects XRP will close 2024 at a meager $0.30, representing a 47% drop from current levels.

He argues that the legal issues Ripple faced, particularly its battle with the U.S. SEC, had hampered XRP’s price. Although the case concluded this month, with Judge Analisa Torres ruling in July 2023 that XRP is not a security, Hawkins remains cautious. 

Moreover, he suggests that if Bitcoin’s price were to fall, it could create a “contagion” effect, negatively impacting XRP and other digital currencies. This trend is currently ongoing as XRP and the rest of the market face turbulence amid Bitcoin’s inability to rebound.

XRP Reaching $6.45

Looking further into the future, Shubham Munde, head of research at Indian-based research firm Market Research Future, is the most optimistic about XRP’s long-term prospects. 

Munde envisions XRP reaching $6.45 by 2030 due to its relatively low price compared to other cryptocurrencies, which could attract new investors. Additionally, he believes that the increasing adoption of XRP by banks, financial institutions, and payment systems will further propel its value.

Paul Levy, a University of Brighton lecturer, also holds a positive long-term view. He predicts XRP will reach $6.10 by 2030, slightly below Munde’s estimate. 

Levy points out that XRP could ride on the latest Bitcoin halving event, which came up in April. Several analysts have projected an imminent increase in Bitcoin’s price, citing patterns observed from previous halving events. A surge in Bitcoin’s price could greatly benefit XRP due to their close correlation.

In addition, Levy believes the growing potential regulatory clarity around XRP now that the legal uncertainties have been resolved could also help its price action in the future. However, he cautions that short-term volatility could still be a concern.

While some experts foresee significant growth, others are more restrained. Nevertheless, the general consensus suggests that XRP holds substantial upside potential. At press time, XRP currently trades for $0.5712.

The Polygon (MATIC) price has suffered crash after crash in recent months, pushing it down to levels not seen since June 2022. This price crash has led to an 86.27% drop from it all-time high price of $2.92 recorded back in 2021. However, positive sentiment is slowly starting to creep up among Polygon investors who have struggled with losses for the better part of the year, especially as one crypto analyst has predicted a revival for the altcoin.

Polygon On Its Way To A Revival

Crypto analyst CobraVanguard has pointed out a bullish formation on the Polygon (MATIC) chart that could send the price flying from here. This formation known as the Ascending Triangle pattern has appeared at a time when investors seem to have given up hope on the altcoin.

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According to the chart shared on TradingView, the Ascending Triangle began back in the month of August. Mainly, the formation was first picked up as the price crashed alongside the crypto market toward the end of the bearish month of August. This formation continued into the month of September as prices had begun to recover once more.

Not only has the bullish Ascending Triangle formed on the Polygon chart, the crypto analyst points out that this is taking place inside of a Broadening Wedge pattern. This is important because a Broadening Wedge pattern is equally as bullish for the altcoin’s price. Naturally, when the Polygon price starts to recover inside the Broadening Wedge, it is expected to reach all the way to the top of the pattern.

The first target for this bullish recovery is $0.4671, which is an increase of around 15% from here. The next target is $0.5442. Finally, as the Polygon price moves to completely fill in the Broadening Wedge, the crypto analyst expects the price to hit $0.6821.

A breakout from here would no doubt be a welcome development for Polygon investors, 95% of whom are currently sitting in losses. According to data from IntoTheBlock, only 3% of wallets holding MATIC tokens are in profit, while 2% are sitting at breakeven. This makes it one of the worst altcoins in terms of profitability so far this year.

MATIC Becomes POL

Earlier in the month, on September 4, the Polygon network team carried a successful migration that converted MATIC tokens to POL. POL is purported to be a “hyper productive token” which is expected to help move the Polygon network forward.

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Despite the anticipation that followed the migration, the POL (formerly MATIC) token has failed to move in a positive way. The price is only up around 5% from its $0.38 price at the time of the migration, showing that the migration had little effect on the price.

However, expectations remain high for the altcoin as investors expect the fact that the POL token is now an altcoin with a whole new chart, and no much price history, to be one of the things that propels its recovery next.

Featured image created with Dall.E, chart from Tradingview.com

The crypto market continues to remain unstable as the bulls and bears battle for supremacy, forcing the price of top assets, including Shiba Inu (SHIB) and Dogecoin (DOGE), to multi-month lows. Recently, market experts, after a careful analysis of both Dogecoin and Shiba Inu charts, made a short-term prediction speculating the next trajectory of both tokens. Further, the market experts speculated a surge to $5 for an ETF token ETFSwap (ETFS) in its ongoing presale event. Let’s see their analysis.

ETFSwap (ETFS) Races To $5 Amidst Massive Presale Event

ETFSwap (ETFS), a crypto ETF trading platform, caught the eye of market experts as it continues to flourish in its ongoing presale. In this presale, it is offering its native token ETFS at a low price of $0.03846 per coin. The market experts are bullish on ETFS, and one factor fueling their optimistic sentiment is the features and functionalities of the ETFSwap (ETFS) ecosystem. 

ETFSwap (ETFS) offers everyone in the crypto community the unique opportunity to trade tokenized exchange-traded funds (ETFs). The tokenized ETFs directly represent their traditional counterparts on the blockchain, enabling users to invest in various assets across multiple industries, including precious metals, cryptocurrencies, and stocks. Further, ETFSwap (ETFS) allows users to extend their trading position by over 50x on their derivative trading arm, resulting in a massive yield. ETFSwap (ETFS) also features a web3 marketplace equipped with advanced AI-powered trading tools, which will assist traders in making well-informed decisions when trading the tokenized ETFs. 

Also, as a decentralized platform, ETFSwap (ETFS) will not require Know your Customer verification from new users when signing up, allowing them to start trading in minutes. The ETFSwap (ETFS) team was also recently verified by SolidProof, a smart contract security auditing firm based in Germany, adding to the platform’s credibility. The market experts are also impressed with the platform’s native token ETFS, which was designed as a deflationary token. As a deflationary token,  ETFS total supply will continue to shrink, enabling it to remain relevant in a highly competitive market. 

ETFS also powers the ETFSwap (ETFS) network, enabling all who hold it to access all its features, including trading tokenized ETFs. ETFSwap (ETFS) will also grant token holders voting rights to participate in network governance and an opportunity to earn passive income with staking. In addition, token holders will gain access to exclusive trading opportunities, bonuses, and early access to all new ETF listings on the platform. Interestingly, ETFSwap (ETFS) intends to launch its ETF sometime in 2025, but before then, it will launch a beta version of its platform in less than 30 days.

Shiba Inu (SHIB) And Dogecoin (DOGE) Remain Bearish

According to market experts’ analysis of Dogecoin (DOGE) charts, the meme coin is trading far from its key resistance and support levels, suggesting weak activity among bears and bulls. If this continues, Dogecoin (DOGE) could end up trading sideways into the $0.99 mark. However, the Dogecoin (DOGE) chart also indicates a low volume, suggesting indecision among buyers and sellers. Therefore, it could transition into a consolidation period, settling between $0.10-$0.1050 zone till the end of September 2024. 

Like Dogecoin, an analysis of the Shiba Inu chart indicates that Shiba Inu (SHIB) has fallen to a support level of $0.00001319 and could soon see a further drop in value. Further, the market experts speculate that Shiba Inu (SHIB) could consolidate around the $0.000013-$0.000014 zone. 

Furthermore, if sellers gain total control of Shiba Inu, the token could crash to the $0.000012 level. According to CoinGecko, Shiba Inu (SHIB) currently trades around $0.00001314 and ranks 16th in the crypto market. Also, Dogecoin exchanges hands around the $0.100 mark and ranks 9th in the crypto market. 

Conclusion 

While Shiba Inu and Dogecoin continue to battle a bearish trend, market experts are optimistic that ETFSwap (ETFS) will soon surge to the $5 mark. When that happens, all early investors who bought it now will have realized up to 300x yield on their investments. This opportunity is too good to miss, so do not delay. Buy ETFS today! 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The once-strong bullish sentiment surrounding Solana is starting to fade as it forms lower highs and struggles to break through key resistance levels. This shift in momentum is further highlighted by technical indicators, which now indicate a period of consolidation or possible decline. With the altcoin hitting a barrier of $152, the question remains: what’s next for SOL?

SOL Forms Lower Highs

Since peaking at $193.89 on July 29, the token has failed to sustain its upward trend. The altcoin has been forming a series of lower highs, signaling weakening momentum. This pattern reflects a lack of strong buying pressure, confirmed by the Directional Movement Indicator (DMI), which reveals that the bulls still hold a slight advantage with a +DI of 23.0564 over the -DI of 20.3474.

However, the ADX reading of 19.2392 suggests that this advantage may not be enough to push prices higher in the short term. Despite this, Solana’s price remains in a consolidation phase, hovering around $143.27.

The token experienced a minor 0.18% dip in value over the last 24 hours, while its market cap also saw a slight decline. Nonetheless, the 24-hour trading volume showed a surprising increase of over 77%, reaching $2.4 billion, indicating some activity level from traders.

Resistance Levels and Possible Outcomes

Currently, Solana faces stiff resistance around the $152 level, a critical barrier that could impede any upward movement. If the cryptocurrency fails to break this resistance, its price could dip toward $134, a level that analysts are watching closely for potential support.

This point could be a critical level to watch for potential buying opportunities, as a bounce from this support level could indicate a reversal in the downtrend. However, if the cryptocurrency cannot hold the $134 support, it could drop further, possibly testing the $120 level.

On the other hand, if the price manages to break through the $152 resistance and establish it as a new support, the next resistance level to watch would be $163.70. A breach of this level could push it higher, potentially reaching $170, marking a significant price recovery.

As Solana continues to consolidate, the next few days will determine whether the cryptocurrency can regain its upward momentum. Market conditions remain uncertain, and the outcome will likely depend on whether Solana can overcome the key resistance levels that currently hold it back.

Also Read: Catizen Bags Futures Listing On Coinbase, CATI Price Rallies 7%

The new week has started with the bears’ pressure on, according to CoinMarketCap.

BTC/USD

The price of Bitcoin (BTC) has increased by 1.04% over the last day.

On the hourly chart, one should pay attention to the nearest level of $64,988. If a breakout happens and the rate fixes above that mark, growth may continue to the $68,000 range soon.

Bitcoin is trading at $63,416 at press time.

ETH/USD

Ethereum (ETH) is one of the biggest gainers today, rising by 3.57%.

Bulls have seized the initiative on the daily time frame. If they can hold the mark around current prices, there is a possibility to see a test of the resistance of $2,799 by the end of the week.

Ethereum is trading at $2,667 at press time.

XRP/USD

Unlike other coins, the price of XRP has dropped by 0.09%.

Today’s slight fall has not affected the technical picture of XRP. The volatility has fallen, which means none of the sides is ready for a sharp move. All in all, sideways trading in the zone of $0.58-$0.61 is the more likely scenario.

XRP is trading at $0.5890 at press time.

Most of the coins keep rising at the beginning of the weekend, according to CoinStats.

BNB/USD

The rate of Binance Coin (BNB) has increased by 2.65% since yesterday.

On the hourly chart, the price of BNB might have found a local resistance level at $587.6. If the daily bar closes far from it, one can expect a local correction to the $570 range.

On the bigger time frame, traders should focus on the candle closure in terms of the $583.9 level.

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If bulls can hold the initiative, there is a chance of a breakout followed by a further rise to the vital zone of $600.

On the weekly chart, bulls are trying to be back in the game in the midterm. If a breakout of the crucial area of $600 happens, the accumulated energy might be enough for a move to the $680-$700 range soon.

BNB is trading at $583.3 at press time.

In the last seven days, the crypto market had quite a boost, causing most cryptos to rise in value, including the Ripple token, XRP. This uptrend has pushed the global market cap to $2.22 Trillion and the volume of trades to $72. 41 Billion. It is significant considering the early September days when the market was down. As the conditions have improved since the Fed 50bps interest rate cuts, social media platform users and crypto analysts are full of bull run predictions and upcoming gains. One such crypto analyst has also highlighted the possibility of making millions with the XRP price rally.

XRP Surge To Make Millions With Parabolic Growth

A crypto analyst, Crypto Bitlord, believed “XRP is ready” despite its poor performance on the charts. The Ripple native token has been controversial for years due to its poor performance, making this statement controversial, but with the Ripple Vs. SEC lawsuit moving towards the end, a positive sentiment is surrounding this altcoin.

The token has also moved barely on the charts, with a 2% surge in the weekly periods. However, despite that, Crypto Bitlord believes a parabolic explosion is about to happen vertically in the next 24 hours. Additionally, he warned the crypto investors not to sleep on this opportunity, as they can make millions with this move.

I think $XRP is ready

-Expecting a parabolic explosion vertically within 24hrs.

Don’t sleep, millions can be made timing this move 🚀

— Crypto Bitlord (@crypto_bitlord7) September 22, 2024

More importantly, he claimed that his last call on the Ripple token made billions for people, and the same will happen this time. He posted this on Sunday evening, and hours have passed since this post, but the XRP price has shown no similar bullish movement. Instead, the price has dropped 1% today, currently $0.5856, with a market cap of $33,040,851,830. Even the trading volume is down by 12% in the last 24 hours, indicating investors’ concern over this crypto.

Ripple Price Can Hit $100 If This Happened

The crypto industry has hundreds of crypto analysts who have often commented on the Ripple price trajectory. One such analyst, Crypto Tank, has presented a condition, revealing the possibility of the token price hitting $100 if it captures 10% of the SWIFT’s daily handle transaction volume.

SWIFT, which is a Society for Worldwide Interbank Financial Telecommunication, handles $5 trillion in daily transactions (based on June 2022 data). If the Ripple token succeeds in securing even 10% of this volume, its price will boom. On calculations, this will bring the trading volume of the token to around $500 billion, which is more than 500X from the current value of $987,752,558. This makes the Crypto tank’s conditions hard to fulfill in the current market conditions.

Do yourself and your mental state a favor and stop listening to all these charters predicting different $’s. Most have Zero clue. Just to give you an idea, 10% of Swift daily volume is a $100 XRP. Now add in hundreds of Banks volume globally. Impossible to chart what’s happening.

— CryptoTank (@Tank2033js) September 15, 2024

It has also divided the crypto community in two, with many favoring the possibility of this happening due to their support, while others have their doubts.

Final Thoughts

After a minor recovery in the XRP price to $0.6058, the token has again moved down, currently at $0.5856. It has officially failed the Crypto Bitlord’s prediction of seeing a parabolic growth vertically in the 24 hours of his posts. His post has brought joy among Ripple token holders as it is a much-awaited moment. However, the disappointment has taken over again with the eyes on the possibility of this happening one day.

Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.