XRP, ADA, LTC Price Predictions: Alts are about to迎來 ETF catalyst, Oversold region is ready to take off.

The overall crypto market has been under pressure recently, but the technical indicators for Ripple (XRP), Cardano (ADA), and Litecoin (LTC) show that these three mainstream crypto assets have entered the oversold zone. Coupled with potential ETF approval factors, this may present an excellent get on board opportunity for investors. Analysis indicates that these assets are expected to achieve a significant rebound in the coming months.

Market corrections create good opportunities to get on board, ETF approvals are the key catalysts

This week, the crypto market continued its adjustment trend, with mainstream coins generally under pressure. Although the Federal Reserve's interest rate cut decision has been digested by the market, the anticipated bull market rebound has yet to materialize. However, from a technical perspective, the current overselling is precisely creating conditions for a strong rebound in the future.

For the three highly watched crypto assets, XRP, ADA, and LTC, the current price pullback combined with the upcoming ETF approval creates a potential "perfect storm" that could drive prices significantly higher in the coming months.

XRP: ETF approval is imminent, expected to break through the 5 dollar mark

(Source: Trading View)

The current trading price of XRP is $2.73, with a weekly decline of nearly 10%. Despite the short-term pressure, this asset has still achieved an impressive 380% increase over the past year, outperforming most mainstream Crypto Assets.

The future price trend of XRP will be influenced by two key factors:

· The U.S. Securities and Exchange Commission (SEC) is expected to approve multiple XRP ETF applications in the coming weeks, which will bring unprecedented institutional capital inflow to this asset.

· The technical indicators show that XRP has entered a clear oversold area, with both its Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) at low levels.

From a technical perspective, the RSI and MACD indicators of XRP have both fallen into negative territory, indicating that the current price is below a "reasonable" level. This oversold condition, combined with the upcoming ETF approval, could drive XRP to break through the $3 mark in mid-October, with the potential to challenge the $5 high before the end of the year.

ADA: Grayscale ETF application becomes the focus, whales accumulate in large quantities

(Source: Trading View)

ADA is underperforming, down 4.5% in the last 24 hours, priced at 0.7844 USD. The weekly decline is 14%, the monthly drop is 7%, but the annual increase remains at 100% level.

Similar to XRP, Cardano is also waiting for the ETF approval results. Currently, Grayscale has submitted an ADA ETF application. Although the attention from ETF providers for ADA is not as high as that for Bitcoin and Ethereum, the support from Grayscale, a major player in the industry, may still bring significant momentum to Cardano.

It is worth noting that market data shows institutional investors have begun to accumulate ADA in large quantities. This week, large investors purchased ADA worth 56.8 million USD on exchanges, indicating that professional investors are optimistic about the current price level.

From a technical perspective, the RSI indicator for ADA has fallen below 30, entering an extremely oversold area. This technical formation, combined with the active entry of institutional investors, suggests that ADA may return to the 1 dollar level before the end of October, with the potential to challenge the 2 dollar high before the end of the year.

LTC: Three ETF applications are under review, breaking out of the triangle formation and ready to take off

(Source: Trading View)

The current trading price of LTC is $103.45, down 3.5% in the last 24 hours and down 10% for the week. As a "veteran" asset in the crypto market, LTC has shown a trend similar to the overall market during the current adjustment.

However, LTC may have a unique advantage in ETF approvals. As a fork coin of Bitcoin, LTC is considered one of the altcoins most likely to receive SEC approval. Currently, three institutions, Canary, CoinShares, and Grayscale, have submitted LTC ETF applications, and Bloomberg analysts estimate that the likelihood of these applications being approved is as high as 95%.

From a technical perspective, the Litecoin price chart shows that a bullish flag pattern has formed since mid-July. Both its RSI and MACD indicators are close to the bottom area, with clear rebound signals.

Analysts predict that if the SEC approves the aforementioned ETF application, the price of LTC is expected to break through $150 in mid-October, and may challenge the $500 mark by the end of the year.