News

BTC, ETH, SOL, XRP Face Key Tests Before September Ends

Analysts see possible September-end gains for Bitcoin, Ethereum, Solana and XRP, with targets of USD 87,000, USD 2,900, USD 130 and USD 1.70, respectively. Each asset must clear nearby resistance, while U.S. inflation data on September 30 could influence prices.

Written By : Kelvin Munene
Reviewed By : Achu Krishnan

Bitcoin, Ethereum, Solana and XRP have gained ground in September, prompting analysts to set higher price targets for the final days of the month. Their forecasts put Bitcoin near USD 87,000, Ethereum at USD 2,900, Solana at USD 130 and XRP at USD 1.70. Each target depends on prices clearing nearby resistance.

The total crypto market value rose from about USD 2.62 trillion on September 1 to USD 2.87 trillion. Bitcoin traded near USD 84,900, up about 0.9% over 24 hours. The U.S. inflation report due on September 30 could affect whether the rally continues.

Bitcoin Eyes USD 87,000 After Reclaiming USD 85,000

Bitcoin has gained about 7.4% this month. Analyst Philakone said the price remained above its 50-day and 200-day simple moving averages. The analyst placed resistance at USD 87,385. Martini Guy also identified USD 85,000 as an earlier level Bitcoin would need to reclaim before approaching USD 87,000.

U.S. spot Bitcoin exchange-traded funds drew about USD 2.39 billion in net inflows during the week ending September 25, according to SoSoValue’s ETF data. That buying offers one measure of demand, though fund inflows do not guarantee a price rise. 

In the near term, traders are watching resistance around USD 85,900 to USD 86,000. A move below USD 84,000 could bring the USD 82,000 to USD 83,500 area into focus. 

Ethereum Needs to Clear USD 2,800

Ethereum has risen about 9.3% in September. Analyst Alex Marzell pointed to USD 2,900 as a possible destination because of a concentration of trading interest near that level. 

Daan Crypto identified USD 2,800 as the nearer obstacle. A move through it would give the higher target a clearer path.

The USD 2,900 figure remains a forecast, rather than a month-end closing price. Ethereum was near USD 2,700 in recent CoinMarketCap pricing, leaving it below both levels. 

Traders will therefore look for a sustained move above USD 2,800 before judging whether Marzell’s target is within reach. 

ALSO READ: Ethereum Eyes USD 2,800 as ETF Inflows Extend to Five-Day Streak

Solana Analysts Watch the USD 125 to USD 130 Range

Solana traded near USD 122 after rising about 1.2% during the day. Alaoui Capital said a break from a period of sideways trading could carry SOL toward USD 130. The analyst cited demand from Solana investment funds as another factor behind the move.

Analyst Apex Gotu identified USD 125 to USD 130 as the next area to watch. SOL would need to pass USD 125 before testing the upper end of that range. The fund demand figures and chart targets reflect the analysts’ assessments; neither establishes where Solana will close on September 30.

XRP Must Pass USD 1.61 to Test USD 1.70

XRP has gained about 7.9% over the past month. Analyst Diana said the token recovered after an earlier rejection near USD 1.61. In the analyst’s view, a break above that level could open a move toward USD 1.70. The target remains conditional on XRP clearing resistance.

ETF inflows offer another measure of interest in XRP, while price action will determine whether buyers can sustain the recovery. 

September’s final trading days also bring a scheduled U.S. economic release. The Bureau of Economic Analysis plans to publish August personal income and outlays data, including the personal consumption expenditures price index, on September 30.

OKX Founder Questions THORChain’s Role After USD 387.5 Million Bitget Hack

Pyth Network Rallies 17% Ahead of Gate’s October Staking Product Exit

EU Weighs DeFi Lending Rules as September 30 Consultation Deadline Nears

Apeing Presale Gains Traction as BCH, Hyperliquid Move

How Crypto Investment Strategies Have Evolved Over the Years