Bitcoin, Ethereum, Solana, and Ripple have all recorded gains in September, contributing to the crypto market cap climbing from $2.62 trillion on September 1 to $2.87 trillion.
As the month draws to a close, analysts are publishing price targets for these four largest cryptocurrencies by market cap. The fear and greed index reading of 70 indicates the market remains in "greed" territory.
Bitcoin Eyes $87,000
Bitcoin is on pace for its fourth consecutive September with positive returns, up 7.37% month-to-date. Analyst Philakone notes that BTC remains above both its 50-day and 200-day simple moving averages, indicating a bullish daily trend, with resistance identified at $87,385.
Analyst Martini Guy suggests that if Bitcoin reclaims $85,000, the price could move toward $87,000. Technical analysis indicates Bitcoin is trading within a bull flag pattern on the daily chart, with potential for a move to $87,000 by month-end if support levels hold.
Ethereum Targets $2,900
Ethereum has gained 9.25% month-to-date. Analyst Alex Marzell identifies a high liquidity cluster at $2,900 as a potential target for continued gains. Analyst Daan Crypto notes that Ethereum faces resistance at $2,800; clearing this level could trigger significant upward movement.
Ethereum is currently defending support at the 200-week exponential moving average, suggesting the long-term trend remains bullish.
Solana Targets $130
Solana traded near $122 with analysts identifying a liquidity magnet between $125 and $130 that could drive continued gains. The rally has been supported by inflows to Solana ETFs, which accumulated 1.475 million SOL over two weeks.
Ripple Aims for $1.70
XRP has posted a 7.9% monthly gain and currently faces resistance at $1.61. Analysts suggest that if this level breaks, the price could reach $1.70. XRP ETF inflows totaled $117.44 million in September. Ongoing upgrades to the XRP Ledger may also support additional price appreciation.
Market Outlook
As September concludes, these four cryptocurrencies are expected to post further gains. Broader economic factors, including geopolitical developments and inflation data releases, could influence price movements.
