Spot XRP ETFs expected in October could trigger a major price breakout for XRP, according to an analysis shared by Tokentus CEO Oliver Michel on a German financial media platform.
Michel delivered an in-depth market analysis from the floor of the Frankfurt Stock Exchange, highlighting a change in momentum from Bitcoin to altcoins. He argued that while Bitcoin still has upside potential, greater opportunities lie in Ethereum, XRP, and other major altcoins. With altcoins, he believes gains could reach up to 300%, compared to Bitcoin’s projected 30%.
Ethereum Holding Key Levels Before Next Rally
Michel noted that Ethereum has already broken past its 0.786 Fibonacci retracement level and briefly touched an all-time high before undergoing a correction. He stated that Ethereum is now retesting former resistance as new support.
He believes that once Bitcoin makes a new upward move, Ethereum could surge past $5,000 and…
