XRP: ETFs and Ripple’s Expansion in the Spotlight
XRP shows a 2% gain over the last 24 hours and is currently trading around $2.52. Despite a 12% correction over the week and 17% over the past month, the altcoin maintains an impressive annual performance of 360%. This resilience is explained by several converging macroeconomic and technical factors.
Technical indicators show an oversold configuration favorable for a rebound. The MACD has just crossed a historically low level, while the RSI is bouncing from a deep oversold zone around 30 points. These technical signals coincide with the imminent launch of several XRP ETFs that should attract significant institutional flows to the asset.
Ripple continues its business development in parallel with new banking partnerships and strategic acquisitions in recent months. This fundamental momentum supports a bullish scenario for the coming weeks. The first targets are around $3 for November, with a potential extension above $5 by the end of the year if the ETFs receive the expected regulatory approval.
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Monad: The Airdrop That Could Revolutionize Layer 1
Monad represents a new EVM-compatible blockchain first layer (Layer 1), which promises to process up to 10,000 transactions per second. Its technical documentation details significant improvements across five major areas: Block transmission, state access, consensus, parallel computation, and storage optimization. These technical performances position Monad among the serious challengers to the current market leaders.
Community enthusiasm is measured through the 1.5 million followers on the project’s official X account. The airdrop of the native MON token specifically targets active members of the Ethereum and Solana ecosystems, with an eligibility window open until November 3. This strategy aims to build a diverse community from launch.
The tokenomics anticipates a total supply of 100 billion MON. Extrapolating from the valuations of other major tokens with similar supply, the initial price could stabilize between $0.10 and $0.50 after the post-listing volatility phase. The project’s technical fundamentals suggest solid growth potential in the medium term, once the classic distribution phase observed after airdrops has passed.
SUI: ETF Catalyst for a Year-End Rally
SUI is up 2% to $2.82, but remains in a correction zone with -19% over seven days and -22% over the month. Even more significant, the asset shows a 47% retreat from its ATH of $5.35 established last January. This deep correction mathematically creates a proportional rebound potential if market conditions become favorable again.
The fundamentals of the SUI blockchain remain solid with a TVL of $2.2 billion, positioning the network at ninth place in the crypto rankings. The Move technology underpinning SUI continues to attract strategic partnerships, notably with World Liberty Financial recently. The announcement of an ETF by Canary constitutes an additional catalyst that could trigger institutional buying flow.
Technical analysis reveals an oversold zone with RSI and stochastic indicators in their low ranges. The first supports are around $2.50, while the key resistances to break are positioned at $3 then $3.50. A bullish scenario could see SUI reclaiming $4 in November, before attacking the $6 zone in December, provided that the global market momentum improves and the ETF progresses toward approval.
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