September 12 Altcoin Price Prediction: XRP aims for $3.5, SOL targets $400, AVAX could double.

As the market bets that U.S. inflation data will increase the likelihood of an interest rate cut next week, the total market capitalization of the crypto market rose by 1.7% to $4.057 trillion on September 12. Bitcoin (BTC) and Ethereum (ETH) rose by 1.5% and 2.2% respectively, while popular altcoins such as Ripple (XRP), Solana (SOL), and Avalanche (AVAX) showed stronger upward momentum, potentially welcoming a breakout market in the short term.

Ripple (XRP): Collaboration and ETF expectations boost rebound

(Source: Trading View)

XRP rose to $3.02 on September 12, up 2% in 24 hours and a cumulative increase of 6% over the past 7 days. Although it is still down 4% within a month, the technical indicators show that it is recovering from the oversold region.

Positive factors: Ripple has reached a custody cooperation agreement with Spanish BBVA Bank and continues to advance its ETF application.

Technical Analysis: Both RSI and MACD have rebounded from low levels, indicating increased short-term momentum.

Price Prediction: If the FOMC lowers interest rates on September 16-17, XRP is expected to challenge $3.50 within a few weeks, and if the ETF is approved by the end of the year, it may break $5.

Solana (SOL): Dual Benefits from Network Adoption and ETF Applications

(Source: Trading View)

SOL has increased by 2.5% in the last 24 hours, 8.5% in a week, and the monthly increase has reached 28%, maintaining its position as the second largest layer one network in total locked value.

Positive factors: Multiple institutions such as Grayscale, VanEck, Canary, and Franklin have applied for SOL ETF, and Bloomberg analysts estimate the approval rate to be as high as 95%.

Technical Analysis: RSI rises above 60, momentum is strong but close to the overbought zone, short-term fluctuations may occur.

Price prediction: Expected to reach 250 USD by the end of this month, and if the ETF is approved by the end of the year, it may rise to over 400 USD.

Avalanche (AVAX): Breakthrough Consolidation, or Welcome Accelerated Pump

(Source: Trading View)

AVAX is currently priced at $28.95, with a 24-hour pump of 8%, a weekly increase of 17%, and a monthly rise of 26%, successfully breaking through the 213-day consolidation range.

Positive factors: Two AVAX financial companies plan to raise $1 billion, and two AVAX ETFs are awaiting SEC approval.

Technical analysis: Breaking through the bullish triangle flag pattern, indicators are close to the top, and a short-term pullback may occur.

Price Prediction: If interest rates are cut next week, it is expected to rise to $50 by the end of October, and if the ETF is approved by the end of the year, it may hit $100.

Conclusion

On September 12, the crypto market fully rebounded under the influence of interest rate cut expectations and the ETF frenzy, with XRP, SOL, and AVAX showing strong rebound momentum. In the short term, investors should pay attention to the FOMC interest rate decision and ETF approval progress, as these two events could be key catalysts for the year-end market.