At the start of the week, Ripple’s XRP ($2.30) attempted to recover from the major crash on October 11, but its price condition remains disappointing. Ethereum (ETH ($3,785.15)) and Solana (SOL ($181.17)) have also lost ground, and in the following lines, we will examine the most interesting aspects related to these three cryptocurrencies.

XRP Bleeds Out Again

It has been exactly a week since Ripple’s cross-border token crashed below $2 during the crypto market collapse. In the following days, the bulls tried to stage a comeback and pushed the price above $2.60 on October 14. Since then, though, the bears came into charge again, and as of this writing, XRP trades at around $2.21, representing a 9% drop on a daily scale and a 21% plunge weekly.

XRP Price, Source: CoinGeckoSome analysts believe the downtrend might intensify in the short term. The popular X user Lark Davis argued that XRP needs to register a weekly close above $2.80 or otherwise it risks tumbling well below $2. For their part, CRYPTOWZRD suggested that Ripple’s native token could post further losses if Bitcoin (BTC ($105,529.00)) continues to decline. Currently, the leading digital asset is hovering at approximately $105,000, or 5% drop for the day.

On the other hand, XRP perma bulls spread the news that Ripple has agreed to acquire the software company GTreasury for $1 billion. Some, like X Finance Bull, believe this could trigger a parabolic price increase for the token to $1,000 and above. Of course, a target of such magnitude seems highly improbable as of now and even impossible.

What Now for ETH?

The second-largest cryptocurrency has plummeted to nearly $3,700, a 14% crash over the past week.

ETH Price, Source: CoinGecko

The X user, Ali Martinez, warned that ETH is on the verge of a bearish Moving Average Convergence Divergence (MACD) crossover on the weekly chart, reminding that the last time this happened, the price collapsed by 43% and 61%.

Ted also chimed in, suggesting the asset will likely retest the next support region around $3,600. “For Ethereum to gain strength, it needs to reclaim $4,000 really soon,” he added.

Others believe the bull run for ETH has yet to begin. According to CryptoRover, Ethereum’s recent performance resembles Bitcoin’s from mid-2024, which later transpired into a massive rally.

What’s Happening With SOL?

The native token of Solana is also deep in red territory, crashing by 18% on a weekly scale and currently trading under $180.

SOL Price, Source: CoinGecko

Earlier this week, when the asset was worth over $200, Ali Martinez envisioned a potential rise to $260. Several hours ago, Sjuul | AltCryptoGems forecasted that “the biggest uptrend in human history” may begin if SOL breaks the resistance at $210.

The post Ripple’s (XRP) Price Dump, Ethereum (ETH) Searches for Bottom, and More: Bits Recap Oct 17 appeared first on CryptoPotato.