What happened?
The crypto market extended a selloff this week and XRP, Cardano and Litecoin all fell sharply while some altcoins like Solana, Dogecoin and Avalanche lost over 4% in 24 hours. Despite recent drops these three coins are technically oversold and have strong year‑to‑date gains, with XRP up around 380% over the past year and ADA still up about 100%. Bloomberg analysts see a high chance that the SEC will approve several ETFs soon, which could flip the narrative from oversold to fresh inflows.
Who does this affect?
This matters to retail and institutional investors holding XRP, ADA and LTC because oversold indicators and possible ETF approvals could lead to big price moves. Whales are already buying (one reportedly bought $56.8 million in ADA) and major asset managers like Grayscale, CoinShares and Canary are waiting on ETF decisions. It also affects traders looking for high‑risk, high‑reward plays and presale investors in tokens like PEPENODE, which has raised $1.4 million and could attract attention if the market turns bullish.
Why does this matter?
If ETFs are approved, the market could see significant institutional inflows that push XRP to $3 by mid‑October and possibly $5 by year‑end, ADA back to $1 and maybe $2 by December, and LTC from around $103 to $150 then above $500 into the new year. Those moves would boost market liquidity, raise volatility and likely spark a broader end‑of‑year rally as traders rotate into both established alts and newer presale projects. In short, current overselling makes the downside limited in the short term while positioning the market for outsized gains if ETF approvals and renewed demand materialize.