Critical Ripple (XRP) Price Targets, Bitcoin Rally and More: Bit Summary October 15th

TL;DR

BTC dipped in early October, but recently rallied to $66,000, with analysts predicting further gains. XRP experienced a weekly increase of 3%, with potential for further bullish momentum. Coins like TURBO soared in the last 24 hours, while DOGE and SHIB posted smaller gains. BTC on the go

Bitcoin (BTC) did not start the month as many had previously expected. It dipped to around $60,000 on October 3rd, recovered some losses in the following days, but made another turn south to $59,000 on October 10th. Since then, however, it has launched a substantial rally, breaking above $66,000 several hours ago.

BTC Price, Source: CoinGecko

Some factors fueling the resurgence could be Donald Trump’s improved expectations of becoming the next US president, increased investor demand, and Metaplanet’s decision to buy more BTC.

The latest bombshell has some industry participants believing that “Uptober” has finally arrived. According to user X Jelle, BTC is looking to “turn previous highs into support”, and is anticipating a move towards $70,000 soon. Yoddha was even more bullish, predicting a rise to $75,000.

Alí Martínez also intervened. He said that BTC reached its previously set targets, which means that the next step is a jump to a new all-time high of $78,000.

What about XRP?

Ripple’s native token has also entered green territory, although it is posting less impressive gains than most leading cryptocurrencies. It is currently trading at approximately $0.54 (according to data from CoinGecko), which represents a 3% increase on a weekly basis.

XRP Price, Source: CoinGecko

Some well-known X figures assumed that XRP has not yet entered a bull run. The Moon (a user with over 1.3 million followers) argued that the asset “remains strong” and could “regain bullish momentum” if BTC were to shoot above $67,000.

Crypto Tony also chimed in, saying they would go “long and strong” if the Ripple token breaks the major resistance level of $0.66.

General resurgence of the Meme coin

Last but not least, we will focus on the meme coin sector, which is full of top performers. Turbo (TURBO), for example, exploded nearly 40% in the past 24 hours to hit a new all-time high of over $0.01. Its market capitalization exceeded $830 million, making it one of the 100 largest cryptocurrencies.

TURBO Price, Source: CoinGecko

Other meme coins showing double-digit gains on a daily basis include Cat in a Dogs World (MEW), Book of Meme (BOME), Memecoin (MEME), and more.

The biggest in terms of market cap – Dogecoin (DOGE) and Shiba Inu (SHIB) – are also well in the green. The former has increased by 3.5%, while the latter has registered a slight increase of 2%.

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!