XRP May Hit $4.20 on ETF Hopes as Bitcoin Faces Treasury Pressure, Ethereum Nears Hard Fork

• XRP ETF speculation: HBAR’s recent 25.7% jump post-approval signals potential for XRP to break $3 and target $4.20.

• Ethereum’s Fusaka hard fork on December 3 introduces key upgrades like EIP-7594 for enhanced scaling.

• Bitcoin under pressure: Sequans Communications sells $111 million in BTC to Coinbase ahead of FOMC, raising market concerns (data from Arkham Intelligence).

XRP price prediction amid ETF hype: Could HBAR’s rally propel XRP to $4.20? Explore Ethereum’s Fusaka fork and Bitcoin’s treasury moves as FOMC looms. Stay informed on crypto volatility—read now for key insights.

What Could XRP Price Reach with ETF Approval Like HBAR’s Rally?

XRP ETF math points to a potential $4.20 target if it replicates Hedera’s (HBAR) 25.7% surge following Canary Capital’s spot ETF launch on the NYSE. Trading near $2.65, XRP shows resilience above $2.60 support, with filings from Grayscale, Bitwise, and 21Shares under SEC review fueling optimism. This institutional interest could clear the $3 barrier, aligning technicals with fundamental catalysts in the evolving crypto landscape.

How Is Ethereum’s Fusaka Hard Fork Preparing for Scaling?

Ethereum’s Fusaka hard fork, set for mainnet activation around December 3, builds on successful Hoodi, Holesky, and Sepolia testnets to enhance scalability and efficiency. Key upgrades include EIP-7594 (PeerDAS) for partial data validation that reduces validator loads through blob-shard processing, alongside EIP-7825 and EIP-7935 for gas-limit increases and core performance boosts. Blob-package expansions, node security enhancements, and L2 infrastructure preparations position Ethereum as the premier settlement layer for DeFi, where total value locked (TVL) is rising and daily gas usage matches mid-2024 peaks, according to on-chain analytics from platforms like Dune Analytics. Developers emphasize that Fusaka addresses bottlenecks to support the next wave of transaction throughput without compromising security. Currently holding below $4,000 after intraday setbacks, ETH must defend $3,950 to avoid a retreat to $3,850, but the upgrade narrative provides a floor against year-end downside.

Source: TradingView

The crypto market opens Wednesday under strain from macroeconomic factors, as traders brace for the Federal Open Market Committee (FOMC) decision and Jerome Powell’s press conference. Total market capitalization hovers near $3.82 trillion, with Bitcoin at $112,900 and Ethereum testing $4,000 levels amid thin liquidity and stabilizing U.S. yields. A cluster of $15 trillion in earnings from Microsoft, Alphabet, Meta, Boeing, and Caterpillar later today will influence risk sentiment, spilling over into Nasdaq futures and cryptocurrency correlations.

XRP, trading around $2.65 after a modest overnight gain, draws attention from HBAR’s explosive ETF-driven rally. HBAR climbed 25.7% in 24 hours, from $0.1775 to $0.2052, on 182% volume increase following the NYSE-listed spot ETF debut by Canary Capital. Analysts from Bloomberg Intelligence note that such approvals often trigger institutional inflows, distorting price action positively for similar assets.

A parallel 25.7% lift would propel XRP from $2.62 to approximately $3.29, breaching the key $3 psychological level and eyeing $3.50 to $4.20. The $2.60 support remains firm, with indicators suggesting retests of $2.80 to $3, bolstered by ETF speculations. However, a drop below $2.58 could invalidate the bullish bias, though HBAR’s precedent tilts risks upward asymmetrically.

Frequently Asked Questions

What Impact Might Sequans’ Bitcoin Treasury Sale Have on Market Sentiment?

Sequans Communications’ transfer of 970 BTC, valued at $111 million, to Coinbase marks its first significant outflow from a 3,234 BTC treasury worth $255 million, per Arkham Intelligence data. Occurring before the FOMC, this move raises red flags for corporate risk management, potentially adding selling pressure to Bitcoin’s spot market and heightening volatility in an already tense environment.

Will Today’s FOMC Decision Drive Crypto Volatility?

Yes, the FOMC statement and Powell’s press conference, combined with Big Tech earnings from Meta, Alphabet, Microsoft, Boeing, and Caterpillar, are poised to sway risk assets like cryptocurrencies. Bitcoin must hold $112,000 to avoid deeper declines, while positive signals could spark relief rallies; Ethereum eyes $4,050 for a push to $4,200, and XRP’s ETF buzz supports gains toward $3.

Source: Arkham

Bitcoin, after slipping below $112,000 in Asian sessions, stabilizes near $112,900, but Sequans’ transaction steals the focus. As the 29th largest public Bitcoin holder—trailing MicroStrategy’s 640,808 BTC and Tesla’s 11,509 BTC—this sale’s timing suggests preemptive hedging or balance-sheet adjustments amid Fed uncertainty. Such corporate flows of $111 million intensify pressure on BTC’s order book, where immediate resistance lies at $113,500 and heavier supply at $115,000. A breach below $112,000 could target $110,800 support.

The evening outlook blends macro and sector-specific events into high-stakes volatility. Bitcoin’s path hinges on defending $112,000 for stability or reclaiming $113,500 for upside; Ethereum requires $3,950 support to prevent erosion, with a $4,050 breakout eyeing $4,200; XRP’s ETF storyline keeps $2.80 to $3.00 accessible, inspired by HBAR, potentially leading to $4. By Wall Street’s close, outcomes from Powell and earnings reports will clarify if risk appetite endures or falters, positioning crypto at a pivotal crossroads.

Key Takeaways

• XRP ETF Potential: Mirroring HBAR’s 25.7% rally could drive XRP past $3 toward $4.20, supported by pending SEC filings from major asset managers.
• Ethereum Fusaka Upgrade: December 3 hard fork enhances scalability via EIPs like PeerDAS, reinforcing ETH as L2 foundation amid rising DeFi activity.
• Bitcoin Treasury Caution: Sequans’ $111 million sale ahead of FOMC signals corporate risk aversion; monitor $112,000 support to gauge broader sentiment.

Conclusion

In summary, XRP ETF math highlights upside to $4.20 inspired by HBAR’s surge, while Ethereum’s Fusaka hard fork advances scaling goals and Bitcoin navigates treasury sale pressures amid FOMC anticipation. As macro events unfold, these developments underscore crypto’s interconnected volatility. Investors should track key levels closely for opportunities, positioning strategically as the market navigates this binary juncture toward potential year-end momentum.