The crypto market is up 0.70% to $2.92 trillion in 24 hours, supported by institutional demand, improving regulatory sentiment and a major flush of leveraged positions. The Bitcoin price is n
The crypto market is up 0.70% to $2.92 trillion in 24 hours, supported by institutional demand, improving regulatory sentiment and a major flush of leveraged positions.
The Bitcoin price is near $86,000, XRP is around $1.51, and Ethereum is holding above $2,700 as traders reassess the outlook for interest rates after weak U.S. jobs data.
The market also maintains a 73% correlation with Gold, pointing to continued demand for crypto as an inflation hedge. If the total market cap holds above $2.85 trillion, another test of the $2.94 trillion swing high could follow, but a break below $2.78 trillion would put consolidation back on the table.
We had a look at the Bitcoin chart, and the Bitcoin price is trading around $85,887, up about 0.70%, after recovering from the September lows near $75,000.
Source: Tradingview.com
The chart shows immediate resistance around $87,000–$88,000, with $90,000 as the major upside target, as support is around $84,000 and then $82,000. Bitcoin has formed a series of higher lows since the September 16 low, keeping the short-term structure positive as long as $84,000 holds.
The supplied indicators show RSI at 58.38, STOCH at 54.51, Ultimate Oscillator at 56.02, and MACD at 418, pointing to positive but controlled momentum. RSI remains below the 70 overbought level, and the positive MACD supports the recovery, leaving room for BTC to test higher resistance.
Indicator Reading Signal RSI 58.38 Bullish STOCH 54.51 Neutral/Bullish Ultimate Oscillator 56.02 Bullish MACD 418 BullishU.S. spot Bitcoin ETFs have recorded about nine straight sessions of net inflows, following the roughly $2.4 billion weekly inflow recorded in late September.
ETF assets have moved above $100 billion, keeping regulated funds as an important source of demand for the Bitcoin price. The key test is whether inflows remain positive around upcoming macro events and broaden across more issuers.
Macro conditions have also improved for Bitcoin after the September jobs report showed only 29,000 new payrolls and unemployment rising to 4.2%, pushing market expectations for an October 28 Fed hike from about 70% to 14%.
Bitcoin liquidations reached $62.77 million in 24 hours, with $57.06 million coming from shorts, creating a major short-covering boost. Glassnode also places the largest BTCUSD liquidation cluster near $90,000, with smaller clusters around $83,000 and $75,000, making these levels important for volatility.
MicroStrategy holds 847,666 BTC, equal to roughly 4.04% of Bitcoin’s supply, with an average cost of $75,442.45 and an estimated portfolio value of $72.2 billion.
Also, CryptoQuant data shows reported spot demand fell by about 170,000 BTC over the 30 days into early October even as Bitcoin climbed from around $75,000. This means the move toward $90,000 needs stronger spot demand to support the Bitcoin price beyond the short-covering phase.
Bullish Prediction:
A break above $88,000 could send the Bitcoin price toward $90,000.
Neutral Prediction:
BTC could trade between $84,000 and $88,000.
Bearish Prediction:
Losing $84,000 could expose the Bitcoin price to $82,000.
We had a look at the chart, and the XRP price is trading around $1.51, down 0.42%, after recovering from the September low near $1.27.
Source: Tradingview.com
The chart shows resistance around $1.55, followed by the $1.60–$1.65 region, as $1.48 and $1.45 provide nearby support. Holding above $1.50 keeps the short-term structure constructive, but a break below $1.45 could send the XRP price toward $1.40.
The indicators are moderately bullish, with RSI at 55.49, STOCH at 67.61, Ultimate Oscillator at 61.68, and MACD at 0.0027. The positive MACD and UO above 50 support the recovery, although XRP has yet to reach the overbought zone.
Indicator Reading Signal RSI 55.49 Bullish STOCH 67.61 Bullish Ultimate Oscillator 61.68 Bullish MACD 0.0027 BullishThe European Central Bank is moving toward its 2027 digital euro pilot, with payment providers and online retailers being brought into the project, while Quant Network has been selected as a digital euro pioneer partner.
Ripple has also been discussed in the broader fintech and cross-border payments landscape, keeping digital payment infrastructure relevant to the XRP story. These developments provide a fundamental backdrop for the XRP price as institutional payment networks expand.
U.S. spot XRP ETFs recorded $4.07 million in net inflows on October 1, led by Franklin Templeton’s XRPZ, giving the XRP price another source of regulated demand.
The XRP ecosystem has also reportedly passed 8.2 million wallets/accounts, pointing to continued network expansion and activity. ETF flows and growing XRPL usage could help XRP defend the $1.50 area if broader crypto demand remains positive.
Bullish Prediction:
A break above $1.55 could push the XRP price toward $1.60.
Neutral Prediction:
XRP could remain between $1.48 and $1.55.
Bearish Prediction:
Losing $1.45 could expose the XRP price to $1.40.
Related Ethereum News: This Analyst Makes a Shocking Ethereum Price Prediction
We had a look at the chart, and the Ethereum price is trading around $2,712.15, up 0.5%, after recovering from the September low near $2,390.
Source: Tradingview.com
The chart shows resistance around $2,750–$2,800, with $2,850 as the next upside area, as $2,700 and $2,650 provide nearby support. The ascending structure remains intact above $2,650, giving buyers room to challenge the September high.
The supplied metrics show RSI at 54.12, STOCH at 69.33, Ultimate Oscillator at 53.84, and MACD at -5.68. RSI and UO remain above 50, but the negative MACD calls for caution until ETH clears the $2,750 resistance area.
Indicator Reading Signal RSI 54.12 Bullish STOCH 69.33 Bullish Ultimate Oscillator 53.84 Bullish MACD 5.68 BullishEthereum short liquidations reached $24.04 million as part of a broader $113 million crypto short-liquidation event, with the largest individual ETH liquidation worth $5.63 million on Binance. Perpetual funding rates also climbed above 400%, showing heavy demand for leveraged long positions after the short squeeze. This has helped the Ethereum price recover, but high funding also creates liquidation risk if buying pressure fades.
The Beacon Chain exit queue climbed about 392% to 850,736 ETH, implying a wait of roughly 14.8 days, with about 523,000 ETH tied to MetaMask staking after a security-linked validator exit.
ETH remains above its $2,704.32 30-day SMA, and a daily close above the $2,718.83 7-day SMA would strengthen the short-term setup. The broader crypto market’s 0.86% rise and Bitcoin’s 1.13% gain are also supporting the Ethereum price.
Ethereum’s EIP-8363, which proposed burning part of validator staking rewards, has been withdrawn from the upcoming Hegotá upgrade.
That keeps current ETH issuance and staking yields unchanged for now, removing an immediate reward reduction for stakers and liquid-staking protocols. A separate multi-month process involving Devcon, EthCC and Lido will examine future issuance changes.
Bullish Prediction:
A break above $2,750 could send the Ethereum price toward $2,800.
Neutral Prediction:
ETH could trade between $2,650 and $2,750.
Bearish Prediction:
Losing $2,650 could expose the Ethereum price to around $2,600.
The Bitcoin price could move toward $90,000 if BTC breaks above the $86,000–$87,000 resistance area, with $83,000 providing near-term support.
What is driving the XRP price today
The XRP price is being supported by continued XRP ETF inflows, growing XRPL adoption and digital-payment developments, with the $1.50 area acting as an important level for traders.
Can Ethereum price rise today
Yes. The Ethereum price could test $2,750 if ETH holds above the $2,700 resistance area, although elevated leverage and the large validator exit queue could increase volatility.
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The post Crypto Price Predictions for Today, October 5: Bitcoin, XRP and Ethereum appeared first on CaptainAltcoin.
