Elsewhere, Tron (TRX) might be nearing a cooling-off period toward the end of the year. Let's look at what's behind these forecasts.

XRP Eyes Breakout Following Prolonged Consolidation

XRP is expected to show a clear breakthrough in Q4 following a prolonged period of price consolidation spanning 540 days. Currently trading at almost $0.59, XRP has increased 11% during the past two weeks. Whales' recent over 380 million XRP accumulation has inspired hope for a price explosion. Often considered a positive indicator, whale activity shows that big holders are shifting their coins into long-term storage, so expressing great market confidence.Once a shadow over Ripple for a few years, the continuous SEC lawsuit is almost resolved and might open the path for XRP to fly. Technical analysts also noted on the price chart a symmetrical triangle pattern that might cause a breakout. Whereas the resistance is $0.62, the present support level for XRP is about $0.48. Should XRP overcome this resistance, bullish momentum could cause a surge to $0.75 or even higher.For XRP in the next market cycle, analysts are now projecting a possible price target between $7 and $10. XRP is positioned to race ahead as we enter Q4 2024 with whale accumulation, technical patterns aligning, and the lawsuit finally nearing a close.