Ripple (XRP) and Solana (SOL) can be dubbed two power-packed tokens of the cryptocurrency market. Both tokens have had a raging 2024, with new developments hovering over both tokens and pushing them to go behind their realms to aim for higher price peaks.
Here’s how November may ultimately prove for XRP and SOL. Will they be able to claim new price peaks this month?
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Ripple (XRP) Price Forecast for November
Ripple has had a remarkable 2024, with November approaching with renewed investor hopes. For instance, Ripple’s win against the US SEC helped XRP break free from intense public speculation.
At the same time, the token enters the stablecoin arena with RLUSD, and talks of XRP ETFs are also in the mix. Both developments may prove lucrative for XRP in the long run, considering how the token is onboarding new users while peaking interest in the industry.
According to CoinCodex, XRP may note a significant price surge in November and may rise by 16% to hit $0.60.
*According to our current XRP price prediction, the price of XRP is predicted to rise by 16.75% and reach $0.601213 by November 27, 2024. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 69 (greed). XRP recorded 15/30 (50%) green days with 5.87% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
Also Read: Two Reasons Why You Should Invest In Ripple (XRP) & Shiba Inu (SHIB)
Solana (SOL) Price Forecast For November
Solana is another leading cryptocurrency, taking the domain one step at a time. SOL has recently outpaced Ethereum in daily fee metrics for seven consecutive days.
“BREAKING BIG: Solana makes history, flipping Ethereum in 7-day fees for the first time.Solana: $25.73M. Ethereum: $23.28M.”
🚨BREAKING BIG: Solana makes history, flipping Ethereum in 7-day fees for the first time.
— SolanaFloor (@SolanaFloor) October 27, 2024
Solana: $25.73M
Ethereum: $23.28M. pic.twitter.com/qggk3jgXGm
The token has outpaced ETH in other domains, including in the DEX volume metrics, by surpassing the token by nearly $10B.
“BREAKING: Solana’s DEX volume for October surpasses Ethereum by $10B with only 3 days left until monthly close.”
🚨BREAKING: Solana’s DEX volume for October surpasses Ethereum by $10B with only 3 days left until monthly close. pic.twitter.com/WnEob45O2a
— SolanaFloor (@SolanaFloor) October 27, 2024
SOL has also emerged as a nucleus for the crypto meme coin realm and has been significantly involved in launching meme coins.
🚨 REPORT: Over 154K new tokens were created on @Solana in the last 7 days, mostly memecoins. pic.twitter.com/0F0NQI6Wuh
— SolanaFloor (@SolanaFloor) October 15, 2024
According to CoinCodex, Solana may surge by 13% to reach a new price mark of $199 by November 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.28% and reach $199.09 by November 27, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Solana recorded 15/30 (50%) green days with 6.88% price volatility over the last 30 days. Based on the Solana forecast, it’s now a good time to buy Solana.”
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