Crypto Price Prediction Today 7 October – XRP, SOL, BNB, TRX

The crypto market cap has surged to $4.25 trillion thanks to the ‘Uptober’ sentiments fuelling the price of Bitcoin. The market as a whole is experiencing a renewed momentum with the leading cryptocurrencies rallying. It’s worth noting that this upward momentum is happening amid macroeconomic uncertainties created by the ongoing U.S. government shutdown.

The experts are more or less optimistic about the cryptocurrency market gains for this month and ahead. The following section covers the detailed crypto price predictions of XRP, SOL, BNB, and TRX.

XRP

The XRP is currently priced around $2.98. The market cap of the Ripple-backed digital currency is nearing $178.48 billion. In the last 24 hours, XRP has risen by over 0.6%. The coin has broken $2.99 resistance level, infusing confidence in the market. The institutional activity is further building the momentum. The SWIFT’s dismissal of private coins also brought aggressive community activity around XRP. The token is currently trading above the 200-day Simple Moving Average (SMA) of $ 2.61. 14-Day RSI stands at 51.76, suggesting a neutral stance. Fear & Greed Index is showing 71, indicating optimism. Furthermore, XRP had 18 green days in the past 30 days.

The SEC’s approval for 7 XRP spot ETFs is highly anticipated around this month. The SEC recently streamlined the ETF filing process, reducing the average time taken for the process considerably from 200 days to around 75 days.

Moreover, the SEC’s recent decision to drop the long-standing legal dispute with XRP and the record-breaking debut of REX-Osprey XRP ETF have built a positive outlook around XRP. On the technical side, the buyers defended $2.99 support despite the whale movements. If XRP were able to break the psychological and technical barrier at $3, the coin may reach the bullish prediction of $5. The XRP is also benefiting from the overall optimism about the crypto market, driven by Bitcoin’s rally and Uptober sentiments.

The XRP stands out from other coins due to its application in cross-border money transfer. The XRP price predictions forecast a price range of $2.19 to $3.18. 

Solana ( SOL) 

The Solana (SOL) is experiencing price fluctuation today. The token is currently trading around $230.52. The SOL is experiencing a pullback due to profit-taking at technical resistance. Still, the MACD cross-over remains bullish. The coin has a market cap nearing $126.04 billion. The $232.61 is the next psychological barrier for Solana; moving down to $222.17 would further trigger a downward slide. The token is trading above the 200-day SMA average, and market sentiment remains bullish. Despite the optimism, the price is experiencing a dip due to technical resistance, as discussed earlier, and Grayscale’s Staking Move. The opening of staking features is having a mixed impact on the price.

Moreover, the capital is shifting to BTC amid the safe-haven perception due to macroeconomic uncertainties. The risk appetite usually goes down in uncertain times, which would not fare well for altcoins. Additionally, the volatility remains high at 6.48%. The price predictions put the values in the range of $ 230.52 to $ 259.57.

Also Read: Solana (SOL) Price Prediction 2025, 2026-2030

Binance Coin (BNB)

The BNB just hit an all-time high today $1,259.84. Trading around $1,248.38, the BNB is having a bullish run driven by institutional accumulation, strong technical signals, and the announcement of the Chainlink Partnership. The BNB is trading above its 200-day Simple Moving Average (SMA), and its market cap is nearing $172.86 billion. The overall market sentiment remains bullish.

The Binance coin entered into a partnership with Chainlink on October 6 to stream verified US Commerce Department metrics, such as inflation. The government-verified data opens doors for DeFi protocols to develop new products and predictions. Recently, companies such as CMI industries have acquired around 200K BNB. The corporate treasury demand is driving the price higher and is expected to keep the upward trend. Yet, the high volatility of 8.60%25%20 remains a cause of concern. 14-day Relative Strength Index has entered the overbought territory with a value of 73.89. But if the institutional interest remains intact, the BNB will continue a bullish run. The projected prices for BNB range from 

Tron (TRX)

The Tron (TRX) is another cryptocurrency that’s faring well in the market. The TRX is having a bullish run and is priced at around $0.3448. The price increased by 0.27% in the last 24 hours. The trading volume also surged to $756.12 million. The market cap is nearing $32.65 billion. The upward momentum is pushed by several factors, such as SunPerp’s successful debut and strong technical signals. The Tron launched its first perpetual DEX with zero gas fees. Additionally, it offers 12% APY staking. The overall sentiment remains bullish, and the token has a low volatility of 1.67%. It is currently trading above the 200-day Simple Moving Average, and experts predict that the price will go up in the upcoming week. 

The Bottom Line

Despite the bullish run and predictions about rallies, the crypto market remains highly dynamic and volatile. Investors need to keep a close watch on the key market indicators and keep themselves updated. Any regulatory tightening or macroeconomic changes can create ripples in the emerging crypto market. The investors should do detailed research before making any investment decisions.