The crypto market is on the move again as top altcoins seek to break out from a bearish grip. The technical indicators of Ripple (XRP) suggest that the cross-border payment token could target $3.5 soon.
Also, the second largest cryptocurrency, Ethereum (ETH) could set a new peak soon. Analysts forecast the value of ETH could reach $10k. Meanwhile, the price of IntelMarkets (INTL) might rise by 10x in the coming months.
Ripple (XRP) Price Drops But Bullish Indicators Support Rally To $3.5
Ripple (XRP) is showing mixed sentiment on the price chart. According to data from CoinMarketCap, the value of the Ripple crypto has dropped by 20.5% on the 7-day chart. However, it has risen by 274.7% on the 30-day chart.
It appears the market is currently cooling down from the effects of Donald Trump’s election victory. In terms of price movement, the Ripple token is consolidating between $2.14 and $2.82 in the weekly timeframe.
Technical analyst Michaël van de Poppe noted that the Ripple price could find support at $1.81 or $1.57 if the downtrend continues in the near future. On the flip side, Cryptoknight890 has a different prediction. He forecasts the value of the altcoin could climb to $3.5 in the coming weeks.
Looking at Ripple’s (XRP) technical indicators, most of them are still in the green territory. The VWMA (10) and Hull Moving Average (9) are flashing buy signals which is a sign that bulls are active. Thus, the XRP price could climb upward in the coming weeks.
Ethereum (ETH) Is Programmed To Hit $10k, Says Analysts
Ethereum (ETH) has suffered a minor correction after its latest attempt to flip the $4k level into support. The altcoin came very close as it rose to a weekly peak of $4,067.58. However, the uptrend did not continue and the Ethereum price dropped to former lows.
Despite the decline, ETH is still showing price increases on the chart. Data from CoinMarketCap reveals its value has risen by 1.7% on the weekly chart and 16.7% on the monthly level. Crypto analyst, Wolf, told his followers this downtrend could be their last chance to buy the Ethereum token.
According to him, the Ethereum coin has strong support at $3.5k. He forecasts the value of the cryptocurrency could rise to $10,500 in the coming weeks. Captain Faibik also posted a similar prediction. He said ETH to $10k is programmed.
Why IntelMarkets (INTL) is a Top Platform for Trading Crypto Futures
IntelMarkets (INTL) is an emerging cryptocurrency perpetual exchange where traders will be able to obtain direct access to the 24/7 perpetual futures contracts trading with 1000x leverage. The platform also offers risk management tools like take-profits and stop loss which traders can use to edge their investments
In addition, IntelMarkets has a dual-chain architecture. It can function on famous blockchains like Ethereum and Solana, offering users access to fast transactions, low fees, and smart contracts. IntelMarkets is also an easy-to-use trading platform that users can navigate regardless of their level of experience.
IntelMarkets will also launch the Route X21 protocol. The quantum-resistant protocol adds another layer of protection to DeFi assets. Furthermore, it is expected to safeguard users from risks arising from the growing quantum computing capacity.
IntelMarkets’ INTL coin is trading at $0.064091, following an increase of more than 600% over the last few weeks. Analysts forecast a price surge of 10x could occur in the months ahead, making INTL a good cryptocurrency to buy.
Final Thoughts
Ripple (XRP) is headed to $3.5 and Ethereum (ETH) is preparing for new highs. Meanwhile, this AI coin, IntelMarkets could become one of the best performers in the coming weeks. Such potential makes the DeFi crypto a good investment choice.
Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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