XRP, SOL, and ADA technical indicators are fully oversold, and analysts predict that prices will big pump by 200% before the end of the year.

The total market capitalization of the crypto assets market has returned to the 4 trillion dollar mark, with institutional investors continuously getting on board, driving market sentiment towards optimism. The technical indicators of the three major mainstream tokens, Ripple (XRP), Solana (SOL), and Cardano (ADA), show an oversold status. Combined with the upcoming ETF approval expectations, analysts predict that prices are likely to double before the end of the year. This article provides an in-depth analysis of the short-term and long-term price movement of the three tokens.

Market Recovery: Institutional Funds Return to the Crypto Market

The total market capitalization of the crypto assets market has recovered to the level of 4 trillion dollars, and this positive signal has brought new optimism to the price prospects of mainstream tokens such as XRP, Solana, and Cardano. In the past 24 hours, multiple tokens have shown strong rebound momentum.

"The shift in market sentiment is primarily driven by institutional capital inflows," said a crypto market analyst. "In particular, the news that Metaplanet purchased 5,419 bitcoins yesterday has become a key catalyst for reigniting market optimism."

The increase in institutional buying not only boosted the price of Bitcoin but also injected new confidence into the entire Crypto Assets ecosystem. "The participation of institutional investors is often an indicator of market health," the analyst added, "Their long-term investment strategies often lead to more stable price performance."

Against this backdrop, the recent outlook for XRP, Solana, and Cardano has significantly improved, with all three coins expected to see substantial gains as progress continues this week. More importantly, if the U.S. Securities and Exchange Commission approves the majority of the pending ETF applications before the end of the year, these three crypto assets could experience a strong bull market rebound.

XRP: Oversold technical indicator and ETF catalyst indicate strong rebound

(Source: Trading View)

XRP rebounded by 2% in the past 24 hours, recovering from a 24-hour low of $2.80 to $2.87. However, this level still means that the coin has dropped 4% within a week and 5% within a month, making the performance in August and September quite disappointing for the fourth largest token in the market.

"The recent weak performance of XRP is mainly following the overall market movement," a technical analyst explained, "but this has also placed it in a technically oversold area, creating favorable conditions for a short-term rebound."

From a technical perspective, the Relative Strength Index (RSI) of XRP fell below 50 a few days ago, remaining weak for most of August and September. Similarly, its Moving Average Convergence Divergence (MACD) also shows potential reversal signals.

"When both RSI and MACD show oversold signals, it is usually a strong rebound indicator," the analyst said, "historical data shows that XRP often experiences a 15-20% short-term rebound under similar technical patterns."

In addition to technical indicators, the fundamentals of XRP also point in a positive direction. The U.S. Securities and Exchange Commission may approve up to 10 XRP ETFs in the coming weeks, which will bring a significant influx of institutional funds to this coin.

"The approval of the XRP ETF will be a game changer," said a crypto investment advisor. "Considering Ripple's continued growth as a cross-border payment company, along with the potential ETF catalyst, XRP is expected to reach a target price of $5 in December, which means an increase of about 75% from the current price."

Solana: Institutional Investment Drives Price Above $500

(Source: Trading View)

Solana is currently trading at $220, down 1% in the last 24 hours and down 6.5% over the past week, but it has still risen by 6% in the last 30 days. Over the past year, SOL has increased by 50%. Although this growth rate is not remarkable, it demonstrates a steady upward trend.

"The performance of Solana is relatively stable, especially considering the overall market volatility," a blockchain researcher pointed out, "the continuous expansion of its ecosystem and the increase in institutional adoption lay a solid foundation for long-term value growth."

Similar to XRP, Solana is also waiting for the approval of multiple spot-based ETF applications by the U.S. Securities and Exchange Commission. The approval of these ETFs could bring a new round of institutional capital inflow for SOL, further driving up its price.

"The approval of the Solana ETF could trigger a price surge similar to that following the approval of the Bitcoin ETF," predicted an ETF strategist, "given Solana's relatively small market capitalization, the impact of such inflows could be even more pronounced."

In addition to the potential ETF catalyst, Solana has recently welcomed multiple positive developments, including more and more publicly listed companies incorporating SOL into their reserve assets. For example, Forward Industries, supported by Galaxy Digital, has purchased $1.65 billion worth of SOL, becoming the largest publicly listed holder of the token.

The interest of publicly traded companies in Solana marks a new phase of institutional adoption," said a crypto assets strategist, "this trend could accelerate, especially if ETFs are approved."

Based on these factors, analysts expect the SOL price to reach 250 USD in mid-October, 350 USD by the end of November, and is likely to break through 500 USD by the end of the year, an increase of approximately 127% from the current price.

Cardano: L1 Ecosystem Growth and Whale Activity Indicate Significant Breakthrough

(Source: Trading View)

Cardano has risen slightly to $0.8257 today, although it has still dropped 4.5% over the past week and 9% over the past month. However, in the long term, ADA has achieved a remarkable growth of 130% over the past year, highlighting its potential as an undervalued altcoin.

"Cardano's long-term performance is impressive, especially considering its relatively conservative development approach," commented a blockchain development expert. "As its ecosystem matures, we may see more value recognized by the market."

It is worth noting that ADA is down 73% from its all-time high of $3.09 set in September 2021. This significant gap indicates that Cardano has substantial room for a rebound, especially considering its fundamental advantages as a mainstream Layer 1 blockchain.

"From a technical perspective, Cardano's RSI has struggled to break higher levels for several weeks, which increases the likelihood of a explosive upward movement," a technical analyst pointed out, "this prolonged consolidation typically ends with a significant price breakout."

Recently, there have been some notable whale activities in the market, with multiple transfers of ADA involving unknown large wallets in the past few days. Such large transfers often indicate that a significant market event is about to occur.

"Whale activity is often a leading indicator of market direction," explained an on-chain data analyst, "the pattern of large holders adjusting their positions before significant price movements is common in the crypto market."

Considering that Cardano ranks among the top 20 blockchains in terms of Total Value Locked (TVL) and continues to grow steadily, analysts expect significant progress for ADA. Additionally, Cardano has multiple ETF applications awaiting approval, which could serve as another catalyst for price increases.

Based on these factors, analysts predict that ADA will break through the $1 mark at the beginning of October and is expected to reach around $2.50 before the end of the year, an increase of about 200% from the current price.

Comprehensive Outlook: ETF Approval Will Be a Key Catalyst

In summary, XRP, Solana, and Cardano, these three mainstream crypto assets, show positive signals in both technical and fundamental aspects. In the short term, they may follow the overall market fluctuations, but the medium to long-term outlook depends on several key factors, especially the progress of ETF approvals.

"The approval of the ETF will be a key catalyst for the crypto market in the fourth quarter of this year," summarized a market strategist. "If the SEC approves the majority of the pending ETF applications, we may see a wave of strong surges similar to the one after the approval of the Bitcoin ETF."

For investors, the current price level may provide an excellent get on board opportunity, especially considering that the technical indicators of these three Crypto Assets show an Oversold state. However, investors should also be aware of the inherent risks of the market and formulate appropriate strategies based on their risk tolerance and investment goals.

"Whether it's short-term trading or long-term holding, diversification and risk management are always key," the strategist advised, "even the most optimistic forecasts should be combined with cautious position management."

As the end of the year approaches, the performance of these three Crypto Assets will become the focus of market attention. Investors should closely monitor the progress of ETF approvals, institutional adoption, and the development dynamics of their respective ecosystems.