Leading altcoins Solana (SOL) and Ripple (XRP) are trading sideways in the charts in September 2024. Both altcoins are among the most sought-after cryptocurrencies in the market.
While Solana hovers around the $134 mark, XRP is moving at the $0.56 level. Despite the downturn, investors have been constantly taking entry positions into both altcoins, causing their trading volume to soar, with transaction activity always on the move.
Since the trading activity for Solana and XRP is high, we will provide a price prediction for how high both cryptocurrencies can trade this September 2024.
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September 2024 Price Prediction For Solana and XRP
Solana Price Prediction
Leading on-chain metrics and price prediction firm Changelly has painted a rosy picture for Solana in September 2024. According to the forecast, SOL could move forward in the charts and close to $150 by the end of the month.
The firm has estimated that SOL could rise by nearly 14% in the indices and hit a target of $149.23. Therefore, if the estimate is accurate, an investment of $1,000 could turn into $1,140 by the end of the month.
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XRP Price Prediction
On the other hand, leading on-chain metrics from CoinCodex have also predicted a positive theory for Ripple’s XRP. According to the price prediction, XRP could reach a high of $0.64 by the end of the month.
The forecast estimates that Ripple’s native cryptocurrency could also surge nearly 14% by the end of September 2024. If the prediction is accurate, an investment of $1,000 in XRP could turn into $1,140 by the end of the month.
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In conclusion, both Solana and XRP are projected to print nearly 14% gains in the next three weeks. Taking an entry position into both the altcoins could fetch investors returns of approximately 28%.
However, the cryptocurrency market is volatile and several global factors could bring prices down. Doing thorough research before taking an entry position in SOL and XRP is advised.