These Three XRP Rivals Could Flip $200 to $2000 in the Q4 Rally

Ripple, the company known for its cross-border payment solutions, is once again under the spotlight following the U.S. SEC's appeal to overturn the court ruling

Cryptocurrency markets remained largely stagnant during the first half of October as the Israel-Iran war continued. However, investors are optimistic that the second half of the month will bring a renewed recovery.

In light of this, several XRP rivals have emerged as candidates for substantial gains during Q4.

Top 3 XRP Rivals to Turn $200 into $2000 This Quarter

As Ripple faces an appeal from the U.S. SEC over the court ruling on XRP sales, the spotlight shifts to XRP rivals poised for a Q4 rally.

The asset’s status as a cross-border payment solution has attracted attention, and several cryptocurrencies offer similar services. As XRP’s recovery may be hindered by the legal battle, these rivals are positioned for significant gains.

Stellar (XLM)

Among XRP rivals, Stellar boasts a strong focus on cross-border payments and remittances. Currently priced at $0.09 with a market cap of $2.67 Billion, the asset has been consolidating within a triangle pattern for nearly three years.

This extended consolidation, acting as a prolonged accumulation trend, suggests a breakout to conclude the prolonged bullish buildup. With the pattern upper trendline currently at $0.13, a breakout and closure above this level will conclude the bullish buildup and propel XLM price for a rally past $0.24.

Toncoin (TON)

The layer-1 cryptocurrency Toncoin is gaining investors’ attention with its airdrop facility and several others. Currently priced at $51.03 with a market cap of $4.08 Billion, the TON price is down 1.4% today and continues the three-month correction under the influence of a downsloping trendline.

However, a flattening moving average (SMA) and relative strength index (RSI) indicate the selling momentum is fizzling out. With sustained selling, the altcoin is poised for an 11.26% drop to retest the $45.8 support and recuperate the bullish momentum.

According to Santiment data, the largest holders of TON (with wallet sizes ranging from 1 million to 10 million tokens) have been steadily increasing their holdings since last August. Their cumulative holdings have reached 31.2 million tons, reflecting growing confidence among major investors.

Cardano (ADA)

Among XRP rivals, the Cardano coin shows a similar triangle pattern structure in a lower time frame chart. Currently trading at $0.34, the ADA price is poised to prolong this consolidation until the chart setup is intact.

A potential breakout from the overhead trendline at $0.39 will conclude the accumulation trend and position ADA price for higher recovery.

Moreover, the 30-day Market Cap to realized cap ratio (MVRV) indicates the short traders are witnessing a loss. A prolonged correction could trigger panic selling among them while attracting big players to drive stable growth.

Conclusion:

While Ripple coin faces prolonged consolidation due to the U.S. SEC’s recent appeal, XRP rivals like Stellar (XLM), Toncoin (TON), and Cardano (ADA) are gaining momentum. With strong whale accumulation and favorable technical patterns, these altcoins are positioned for significant rallies in Q4.

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