Rally

Solana

The post <a href="https://coinpedia.org/price-analysis/will-cardano-xrp-and-solana-price-see-5x-10x-rally-in-the-next-12-months-ahead-of-etf-approval/">Will Cardano, XRP and Solana Price See 5x-10x Rally in the Next 12 Months Ahead of ETF Approval&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the <a href="https://markets.coinpedia.org/bitcoin-etf/" target="_blank" rel="noreferrer noopener">Bitcoin ETF</a> approval and listing earlier this year and the approval of the Ethereum ETF in May, 2024 turns out to be a year of crypto ETFs. Observing the SEC’s change of heart towards crypto ETFs months before the presidential elections in the U.S., more altcoin ETF applications are becoming optimistic.&nbsp; 
With the Cardano, XRP and Solana ETFs in the pipeline, the broader market anticipates a positive decision from the SEC. Furthermore, a bullish rally in the Cardano, XRP, and Solana prices is possible with the approval of ETFs like Bitcoin and Ethereum.&nbsp; 
So, let’s have a closer look at the price charts of the top altcoins with their ETF plans in the pipeline to determine the potential for a 5x-10x rally in the next 12 months.&nbsp; 
<h2 class="wp-block-heading" id="h-cardano-price-performance">Cardano Price Performance</h2> 
The underwhelming performance of Cardano in 2024, the negative YTD growth of 22%, reflects an underlying weakness in the altcoin. Currently, the weekly trend in ADA price shows a sideways stagnation near the merged 200 and 50 weekly EMAs.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Du7m2Mo6ZBefj4CVYOtFO7NoDRlUl97MJa3zDJEr26qKHHWud4FKvJgM6-1CpUVcZ2UaJEtB7cNflM6J7GC4j8wHVruD0pE13EmXXuD2x4zTMbAvoiLR6W_HH5Fs5hQ8x0TwrI2wKdTxqTkeOxPKqKQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/e9KwYayk/">Tradingview</a> 
Considering the bull run begins with a golden crossover, the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">ADA price</a> could reach the $1 mark in the coming weeks. Furthermore, the additional boost with the ETF approval and the hype around it could help the altcoin reach the all-time high level of $2.78 mark for a 5x surge in the next 12 months. 
Hence, the ongoing discount of 86% from the all-time high brings an excellent buy-the-dip opportunity. 
<h2 class="wp-block-heading" id="h-ripple-price-performance">Ripple Price Performance</h2> 
In 2024, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> is down by almost 16% to date, reflecting an overall downfall in the altcoin. Furthermore, the XRP price struggles for a bullish comeback and trends laterally for weeks.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/tO8rHpMw6Y23P31VmfbL8C1VTv2abLb8W_CtVkuRJWTzzU0oGGhlBcwNfP4P3TIOzxkCAVmfh9TTNHU57pR9UgQQa6qRclitHJMgslbuj6180_Va420PmraKexq2V-BZOlAOP7rGQFF6ErawUYN3Kv0" alt="">
</figure> 
<a href="https://www.tradingview.com/x/4YKewbdP/">Tradingview</a> 
However, the buyers maintain dominance above the 50W EMA and challenge the 23.60% Fibonacci level. Higher price rejection is visible in the weekly candles with long wicks, so Ripple’s chances of an uptrend are slim. 
Nevertheless, a broader market recovery and a boost from ETF approval will pump the market value of XRP. Optimistically, the decision will break past the descending trendline while reclaiming the $1 psychological mark.&nbsp; 
In the next 12 months, if the bullish momentum sustains, the uptrend could reach the $3.11 mark as per the Fibonacci levels.&nbsp; 
<h2 class="wp-block-heading" id="h-solana-price-performance">Solana Price Performance</h2> 
One of the best-performing top altcoins, Solana, shows resilience and perseverance after a winter phase in 2022. The bullish turnaround in the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">SOL price</a> trend reclaims momentum and is up by 63% year to date.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/R5Jpl3fdp47fAlfKsyum4wIocLmkxqk30W8UniLV9_5ttfsWkX4NVWjzRuguyn33kc8A3BNSvVMJq-CWrdZgHZBtrZbeNadvwQjI4ZftT6VbkDg0BVT8x9iy6ICUMACTgxqPjmDOq3WlnVOV_sWQAj0" alt="">
</figure> 
<a href="https://www.tradingview.com/x/vZtEt6N9/">Tradingview</a> 
Furthermore, the altcoin shows a rounding bottom pattern in the weekly chart with a neckline at $250. Currently, the SOL price is above $150 but is struggling to surpass $200. Further, the altcoin is above the 61.80% Fibonacci level, with the aim of surpassing the 78.60% level.&nbsp; 
If the Solana ETF gets approval this year, the bull run in the SOL price could break above the $250 neckline for an extended uptrend. Optimistically, the altcoin shows upside potential to reach the 2.618 Fibonacci level at $637. 
Also Check Out : <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-will-market-rally-toward-a-new-high-in-june/">Bitcoin, Ethereum, And XRP Price Prediction: Will Market Rally Toward A New High In June?</a>

Will Cardano, XRP and Solana Price See 5x-10x Rally in the Next 12 Months Ahead of ETF Approval

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