Moon or Doom: What's Next for Bitcoin and XRP?

As Bitcoin and XRP traders gear up for October, predictions lean bullish, yet technical indicators suggest caution. Bitcoin recently reached a record high, propelled by significant ETF inflows and market uncertainty. Current data indicates a potential upward move to $140,000 is less likely than a drop to $110,000, which could instead reinforce bearish sentiment. Bitcoin's Relative Strength Index is neutral, and bullish momentum shows signs of consolidation rather than explosive growth. In contrast, XRP's technical indicators reveal stronger selling pressure. While Myriad traders predict XRP could hit $4, the data indicates a 43.4% rally compared to a closer 28.3% drop to $2, favoring short-term downside movements. Both assets are in a precarious balance between bullish sentiment and bearish technicals. Without strong catalysts, the likelihood of immediate large gains is questionable, as both tokens may face a period of consolidation before further movement.

Source 🔗