The market has struggled again today ahead of Friday’s U.S. inflation report, yet the crypto price prediction for XRP, ETH and ADA continues to remain positive.
These three tokens have stabilized after falls earlier in the week, with all three now in a position where they could rally significantly over the weekend, assuming that the aforementioned inflation data is positive.
We look at their future prospects in this article, while also considering the likely moves an interesting presale token will make once it launches in the coming weeks.
Daily Crypto Price Prediction: XRP ($XRP) – Altcoin Could Break ATH on Back of Incoming ETF Launches
XRP is down by 0.5% today, while its current price of $2.39 marks a 2.5% decline in a week and a 17% fall in the past month.
Having said that, XRP is still up by 350% in a year, and the launch of numerous XRP ETFs should boost this percentage even further soon enough.
Its indicators today continue to show tentative signs of recovery, after spending several months declining to oversold positions.
Its MACD (orange, blue), for example, has clearly flattened out, meaning that XRP has fallen as far as it can and will soon begin enticing new buyers.
Source: TradingViewThe major question right now will be whether XRP can avoid falling below the $2.30 support level.
If it can, then we could indeed see it begin a more concerted recovery, boosted by the aforementioned XRP ETFs when they arrive.
It could return to $3 by the end of November, and finish the year above $4.50.
Daily Crypto Price Prediction: Ethereum ($ETH) – Institutional Investment Will Continue Boosting Alt in Next Few Weeks
At $3,852, ETH is flat in the past 24 hours, while remaining down by 5% in a week and by 12% in a fortnight.
Despite these losses, Ethereum’s fundamentals remain as peerless as ever, putting it in an extraordinarily good position to continue rally once the wider market becomes more bullish.
Not only does it dominate the crypto sector in terms of TVL and adoption, but numerous public companies have been building ETH treasuries in recent months.
When you add institutional investment in Ethereum ETFs, then the only way is up for the ETH price.
And its chart today shows that, as with XRP, it too is poised for a big recovery.
Source: TradingViewAfter declining continuously since early August, ETH’s relative strength index (yellow) has stopped its fall and now looks ready to rebound.
Indeed, CoinShares data reveals that Ethereum ETFs attracted $205 million in inflows in the week to October 20, whereas BTC suffered nearly $1 billion in outflows.
Based on such factors, we could see the Ethereum price return to $4,000 in a couple of weeks, before topping $5,000 in November and ending the year above $7,000.
Daily Crypto Price Prediction: Cardano ($ADA) – Steady L1 Growth Will Help ADA Retake $1 Next Month
ADA has dipped slightly to $0.6354, meaning that it’s down by 6.5% in a week and by 22% in 30 days.
More impressively, the altcoin remains up by 80% in the last 12 months, indicating a good degree of medium- and long-term momentum, which could resurge towards the end of the year.
Such growth has followed from Cardano’s steady development as a layer-one blockchain network, with its latest update indicating that just over 2,000 projects are building on Cardano.
And with ADA also looking forward to the launch of Canary’s multi-asset ETF (which includes ADA), Q4 2025 and Q1 2026 could be very kind to the altcoin.
We see from its chart that it may also be on the brink of a big recovery rally, with the weekend potentially bringing gains, especially if U.S. inflation data is positive.
It could return to $1 in November, while a surge beyond $3 is on the cards for the end of the year.
Automated Sniping Bot Snorter Raises $5.4 Million in Presale: Could It 100x?
The three major tokens above are exhibiting all the signs of assets about to rally, yet traders may also want to diversify into smaller tokens, so as to widen their exposure to potential market-beating gains.
One way of doing this is to allocate a portion of your portfolio to presale tokens, which under the right conditions can rise significantly when they list for the first time.
For example, Solana-based sniping both Snorter ($SNORT) has now raised just over $5.4 million in its presale, which will end in only four days.
This is a very encouraging raise, suggesting that Snorter is generating the kind of popularity and hype that could cause it to rally once its sale ends.
What’s exciting about Snorter is that it’s about to launch a state-of-the-art sniping bot, which will monitor trending tokens and execute trades ahead of major market movements. It also provides a range of other useful features, including copy trading, atomic swaps, limit orders, and protection against honeypots.
These features promise to make it one of the most advantageous trading bots in the market, and given that users will need the SNORT token to gain access to the bot, its native token could experience lots of demand. And the ability to stake the token could multiply demand even further, given that it will pay out a passive income.
While the SNORT presale is about to end, latecomers can still join by going to the Snorter website and connecting a compatible wallet, such as Best Wallet. SNORT is now selling at $0.1083, but it could eclipse this price once it lists.
Visit the Official Snorter Website Here
The post Daily Crypto Price Prediction, October 23 – Are XRP, ETH, and ADA About to Surge? appeared first on Cryptonews.
