The cryptocurrency market shows volatility this week, with potential surges for Ethereum and XRP creating interest for traders and investors.
Ethereum Price Predictions
Ethereum has surged nearly 10% this week, with predictions now targeting the $5,000 level. The main reason for this is the supply fluctuations: data shows that the exchange supply ratio has dropped to yearly lows, which is associated with increased long-term demand.
Institutional investment is also returning, with $638 million flowing into spot Ethereum ETFs between September 8-12. If ETH can hold above the $4,664 support level, it may soon retest its all-time high of $4,957.
XRP Recovery
XRP has also found support, rising above $3.13 with an 8% daily increase. Current predictions target $5.09, representing a 65% gain from recent levels.
Support levels between $2.50 and $2.80 served as a foundation for this current move, with analysts pointing out that near-term resistance stands at $4.00 — a break above this level may lead to $5.09.
Remittix Potential
While Ethereum and XRP capture headlines, Remittix (RTX) is gaining traction as one of the best cryptocurrencies to buy now. It has already secured its first listing on BitMart and raised over $20 million in investments. Remittix offers a referral program that rewards users with 15% USDT, contributing to its growth.
A wallet beta launch is also planned, which will offer real utility for transactions and currency conversion.
Predictions for Ethereum continue to point towards a possible $5,000 achievement amid tightening supply. XRP confirms its strength, while Remittix is emerging as an interesting project with potential for significant gains.
