Cardano

3 XRP Rivals to Turn $200 to $2000 in Q4 Rally

Published

1 month ago

October 14, 2024

The first half of October was mainly sideways for most major cryptocurrencies amid the Israel-Iran war. As the market stabilizes, investors anticipate renewed recovery to kickstart in the second half of the month. These Three XRP rivals could flip $200 to $2000 in the Q4 rally.

Top 3 XRP Rivals to Turn $200 into $2000 This Quarter

Ripple, the company known for its cross-border payment solutions, is once again under the spotlight following the U.S. SEC’s appeal to overturn the court ruling that determined programmatic sales of XRP to retail investors did not breach securities laws. The move hints at a prolonged legal battle for Ripple and a stalled recovery for the native cryptocurrency XRP.

As the asset signals the possibility of extended consolidation, these XRP rivals are poised for a major rally in Q4.

Stellar (XLM)

Stellar price prediction tops our list of XRP rivals due to its strong focus on cross-border payments and remittances, much like Ripple’s mission. The XLM price is currently $0.09 and holds a market cap of $2.67 Billion.

The asset has traded sideways for nearly three years, resonating within a triangle pattern. With the pattern acting as a long-accumulation trend, the XLM price is poised for a 45% rally to challenge the overhead trendline at $0.13.

A sustained breakout from this resistance will intensify the bullish momentum and drive a rally past $0.24.

Stellar (XLM) - XRP Rivals — XLM/USD -1d Chart

Toncoin (TON)

The layer-1 cryptocurrency Toncoin is gaining investors’ attention with its airdrop facility and several others. The TON price is down 1.4% today and continues the three-month correction under the influence of a downsloping trendline.

With sustained selling, the altcoin is poised for an 11.26% drop to retest the $4.58 support and recuperate the bullish momentum.

According to Santiment data, the largest holders of TON (with wallet sizes ranging from 1 million to 10 million tokens) have been steadily increasing their holdings since last August. Their cumulative holdings have reached 31.2 million tons, reflecting growing confidence among major investors.

Toncoin (TON) — Supply Distribution | Santiment

Cardano (ADA)

Among XRP rivals, the Cardano coin shows a similar triangle pattern structure in a lower time frame chart. Currently trading at $0.34, the ADA price is poised to prolong this consolidation until the chart setup is intact.

A potential breakout from the overhead trendline at $0.39 will conclude the accumulation trend and position ADA price for higher recovery.

Moreover, the 30-day Market Cap to realized cap ratio (MVRV) indicates the short traders are witnessing a loss. A prolonged correction could trigger panic selling among them while attracting big players to drive stable growth.

Conclusion:

While Ripple coin faces prolonged consolidation due to the U.S. SEC’s recent appeal, XRP rivals like Stellar (XLM), Toncoin (TON), and Cardano (ADA) are gaining momentum. With strong whale accumulation and favorable technical patterns, these altcoins are positioned for significant rallies in Q4.

Frequently Asked Questions (FAQs)

XRP rivals like Stellar (XLM), Toncoin (TON), and Cardano (ADA) are expected to perform strongly in Q4, driven by technical patterns and whale accumulation.

Stellar’s focus on cross-border payments and its long-term accumulation trend within a triangle pattern position it for a potential 45% rally

Cardano’s triangle pattern suggests consolidation, but a breakout above $0.39 could signal the end of accumulation and spark a rally.