Altcoin
XRP Price To Flip Ethereum Price, Analyst Reveals How
Crypto analyst Egrag Crypto has provided an ultra-bullish outlook for the XRP price. The analyst revealed how XRP could flip the Ethereum price to become the second-largest crypto by market cap, behind Bitcoin.
How The XRP Price Could Flip The Ethereum Price
In an X post, Egrag Crypto boldly asserted that the XRP price would flip the Ethereum price twice. This came as he noted that money typically flows from Bitcoin to Ethereum to other large caps, which triggers the alt season.
However, he asserted that this cycle is different as money will flow from BTC to XRP to large caps to mid-caps, after which the alt season will begin. Egrag Crypto opined that XRP is front-running other coins this time around, which is why he is confident that the crypto could easily become the second largest by market cap.
The crypto analyst went on to explain how the XRP price will flip the Ethereum price. He stated that the first flip will happen when XRP reaches a market cap of around $500 billion, pushing it to between $7 and $8 and flipping ETH in the process.
Egrag Crypto added that the second round flip would follow when ETH climbs to between $6,000 and $8,000, leading XRP to a blow-off of around $20 to $27, which is a market cap of $1 to $1.3 trillion.
The crypto analyst also suggested that ETH’s fundamentals are weak, which would make it easy for XRP to flip. He alluded to the fact that Ethereum’s inflation rate has skyrocketed, which discredits its tag as “ultrasound money.”
Insights Into The Current Price Action
In an X post, crypto analyst CasiTrades provided insights into the current XRP price action. She noted that XRP’s correction has brought the coin back to the major $3.08 level, which is the .236 retracement level, which continues to act as support.
She opined that this is another buying opportunity but added that all retracement levels remain in play since the last high didn’t break. The analyst then revealed key levels to watch for XRP.
The first is the $3.08 price level, which is holding so far and could potentially be a consolidation zone. According to her, the $3 price level is the next support level if the $3.08 level fails. The last price level she highlighted is $2.94, which she claimed is the lowest retracement in this move.
CasiTrades then mentioned that the XRP price action needs more development before there is confirmation of the next move. Analyzing the 15-minute chart, she remarked that it is possible that XRP is forming a triangle that is targeting the .236 retracement level, which would suggest no further retracement is needed.
In the meantime, the crypto analyst remarked that the plan is to remain cautious and be prepared for lower fib levels until the XRP price breaks above $3.22. If the potential triangle forms, she claimed the breakout will happen soon, confirming the .236 retrace was the target.
In anticipation of any price breakout, XRP whales are actively accumulation the crypto. As CoinGape reported, these whales have bought over 120 million coins this week.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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.
Cardano (ADA) price is in the spotlight as the prospect of the coin skyrocketing to a high of $10 resurfaces on social platforms. Backed by the positive shift in network activities, Cardano is now one of the most promising altcoins in the top 10 with bullish momentum as of writing. Amid the ongoing rebound, Cardano’s price has pared off some of its losses picked up from the volatility this week.
Cardano Network Activity Sees Uptick
According to data from Santiment, an ADA whale entered the market when its price briefly jumped to $1.13. The crypto analytics platform said this whale activity has been the most significant for three months. These whales represent transactions valued at $100,000 in ADA.
Per the accompanying chart, as of March 4, the Cardano network has recorded 1,132 whale transaction counts. The Mean Dollar Invested Age came in at 529.05. In all, the network recorded 2,671 unique $100,000 transactions as the price jumped above $1.13
Alongside this uptick, Santiment noted that the sudden uptick in transactions worth $100,000 sparked a drop in the average age of Cardano now in wallets. This trend has an upside. It implies a jump in the number of ADA tokens in regular circulation.
Cardano Price and the $10 Prospect
At the time of writing, the ADA price was $0.9369, up 9.82% in the past 24 hours. The coin has traded in a very close range, from a low of $0.7684 to a high of $0.9502.
Compared to an earlier ADA price analysis, in which the coin jumped 80%, the market remains cautious. However, the coin has the right fundamentals that might push it to a high of $10.
Beyond the retained 35% growth over the past 7 days, Cardano’s open interest has skyrocketed by over 6% in 24 hours. Per Coinglass data, the coin’s futures open interest is 905.62 million ADA, worth over $842.04 million. A sustained boost in this metric might support the quest to breach higher price levels.
ADA Price and ETF Catalyst
The onchain enhancements spearheaded by Charles Hoskinson, like the push for Cardano to track government spending and the prospect of a Cardano ETF product, also boost ADA price sentiment. The United States Securities and Exchange Commission (SEC) has acknowledged Grayscale’s application for an ADA ETF.
This acknowledgment places the coin on the list of altcoins awaiting official feedback from the SEC for approval or disapproval. Cardano pioneered decentralized governance with the Plomin hard fork and embodies an asset that may lead the next altcoin season.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
Crypto analyst CasiTrades has revealed that the XRP price is still at risk of dropping to as low as $1.5. She further mentioned what needs to happen for XRP to avoid dropping to this price target.
XRP Price Could Drop To $1.5 If This Happens
In an X post, CasiTrades revealed that the XRP price could drop to $1.5 if it fails to break and hold above the $2.42 price level. This came as she noted that XRP is attempting to reclaim the consolidation pattern it broke down from.
The crypto analyst further remarked that XRP needs to break and hold the trendline at $2.42 as support to keep the bullish momentum alive. She added that it is very critical for this to happen or a retest of $2 or $1.54 could be in play.
CasiTrades’ analysis comes just as crypto analyst Egrag Crypto predicted that the XRP price could reach $30 by May this year. The analyst alluded to historical trends to prove why the crypto could reach this price target.
Analysis Of The Current Price Action
CasiTrades also gave an in-depth analysis of the current XRP price action. She noted that the crypto has seen a retracement of the move that followed Donald Trump’s announcement that XRP will be included in the crypto strategic reserve. However, the crypto analyst added that the overall market structure remained valid.
CasiTrades also stated that XRP held above W1 territory and did not make a new low. She remarked that the bigger picture still supports a wave 4 correction playing out, targeting a new high.
Meanwhile, the crypto analyst revealed that bullish divergences across timeframes are still intact and that the Relative Strength Index (RSI) is maintaining its uptrend from the $2 low. In line with this, CasiTrades stated that the next upside targets are $2.70 and $3.05. She noted that these are crucial levels before market participants can consider talking about new all-time highs (ATHs) for the XRP price.
In the meantime, if XRP fails to hold above $2.42, CasiTrades stated that the crypto could see a test of $2.20, which is a key subwave support level. A deeper retracement could take XRP back towards $2 or $1.54 if sellers take control. However, the crypto analyst said that she is still favoring the bullish scenario until there is a clear invalidation.
According to CasiTrades, the market is looking for buyer confirmation and this $2.42 level will decide if the XRP price moves higher from here of if there is need for more correction.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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.
Ethereum price briefly dipped under $2,000 for the first time in over a year as on-chain data points to a gloomy future. Pundits say Ethereum could be on a death march toward $1,000 in a steep decline that has left speculators scratching their heads.
Ethereum Price Could Be Headed To $1,000
Ethereum (ETH) woes appear to be worsening following a dip in prices below $2,000 since December 2023. Ethereum price touched $1,996 before staging a valiant climb back to $2,135, triggering concerns over its future direction.
On-chain data is grim for the largest altcoin with several indicators pointing toward a downward trend. Ethereum’s weekly RSI is at its lowest ebb for the first time since 2022 at 35.84. Similar RSI levels in 2022 saw the asset price fall even further by a staggering -60%.
Analysts say that the Ethereum price could fall to $1,000 given similar market conditions in 2022. The slip below $2000 follows an earlier dip below $2,200, leaving its parallel channel which experts say could induce correction to $1,600.
Ethereum’s triple-top pattern in its weekly chart is indicative of a 60% decline as bears have a field day. A 60% decline at current levels will see Ethereum price dip below the $1,000 mark.
Ethereum Is On Course To Record Its Worst Q1
The largest altcoin has endured a wave of negative sentiments since the start of 2025. Ethereum price has fallen by nearly 40% from its high of $3,300 at the start of the year.
A drop to $1,600 will see Ethereum record its worst Q1 performance, dwarfing the lows of the first quarter of 2024. US Ethereum ETFs recorded massive outflows while ETHA share price shed 38.59% since the start of the year.
While institutional interest around ETH sinks, the asset’s proposed inclusion into the US Crypto Strategic Reserve did little to stave off the massive decline. Despite the grim outlook, some pundits say the decline presents a buying opportunity for long-term investors.
“We are going into the undervaluation zone,” said the pseudonymous Venturefounder on X (formerly Twitter).
Aliyu Pokima
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.
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