Cardano is flashing bullish signals across multiple timeframes, with key support holding and upside targets now stretching as high as $1.41.
Cardano is starting to show real signs of life again after weeks of dull price action. ADA is currently trading at $0.57 as it confirms flipping green on the weekly chart, and market participants are now watching closely as key reversal signals start stacking up.
Cardano’s current price is $0.57.00, down -0.83% in the last 24 hours. Source: Brave New Coin
Cardano Turns Weekly Candle Into Green
Cardano just flipped green on the weekly timeframe, marking a notable shift after weeks of downward pressure. As shared by analyst Av_Sebastian, the candle is closing firmly above $0.58. This weekly close is the first strong sign of buyer strength returning, and it opens the door for potential continuation in the coming sessions.
ADA flips its weekly candle green, signaling a potential trend reversal. Source: Av_Sebastian via X
On the chart, ADA has found support multiple times just above the $0.50–$0.52 zone, and now it’s pushing off that floor with rising volume. If momentum builds and price breaks above the $0.61 to $0.63 resistance cluster, it would confirm a short-term reversal and possibly target the $0.70 range next. For now, bulls will want to see the $0.58 level hold to keep the structure intact.
Cardano Price Successfully Retests Ichimoku Cloud
Building on its recent weekly strength, Cardano just made a significant move on the 2-week chart, breaking above the Ichimoku cloud in late 2024. As noted by Cantonese Cat, the breakout was followed by a textbook back-test of the cloud’s upper boundary, a move that often signals a shift in trend. The structure also shows a consistent pattern of higher lows and higher highs.
Cardano confirms a bullish Ichimoku breakout with a clean retest on the 2-week chart, eyeing the $0.70–$0.80 zone next. Source: Cantonese Cat via X
What makes this setup even more compelling is that ADA has historically respected Ichimoku signals on longer timeframes. With the breakout and retest in play, a continuation move toward the $0.70 to $0.80 region becomes a real possibility. For now, maintaining the structure above the cloud and pushing beyond the $0.63 resistance cluster would add further confirmation to the bullish case.
Cardano Network Activity Backing Technicals
On top of bullish technicals, Cardano just posted a massive on-chain milestone. According to TapTools, the network processed 276 billion ADA worth of transactions over the past 67 days, equivalent to roughly $165 billion at market prices.
Cardano processes 276B ADA in just over two months, signaling growing network strength. Source: TapTools via X
This sustained throughput adds more weight to the recent technical strength. First came the weekly candle flip, then the Ichimoku cloud retest, and now this surge in network volume helps round out the bullish picture. If Cardano price continues to hold above key support levels and the usage numbers stay this elevated, the foundation for a stronger breakout toward the $0.70+ range becomes more likely.
Cardano Price Prediction: Bounce Zone Setup Targets $1.41
Cardano is now sitting right at a major bounce zone on the weekly chart. According to analyst Claire, the $0.50 to $0.52 region has already seen two significant reactions, and this third touch could be the make moment. The chart outlines a triple bottom structure with a falling wedge pattern forming overhead. If bulls defend this support and push off convincingly, key upside targets emerge at $0.9024, $1.1281, and $1.4160.
Cardano sits at a key bounce zone with a triple bottom forming, with targets set at $1.41. Source: Claire via X
The levels are clean, the structure is mature. The wider descending channel adds extra weight to this setup, as any breakout would shift ADA into a new bullish phase. While Cardano price has already started to post green candles on the weekly but, the next few weekly candles will be important.
ADA Price Analysis
Just like the weekly chart, the lower-timeframe setup for ADA price is starting to form a potential triple bottom. Analyst Ali highlights the $0.54 zone as a key level to watch; price has bounced off it multiple times, and it now lines up with a strong support region.
ADA forms a potential triple bottom near $0.54 on lower time frames. Source: Ali via X
If ADA revisits this area and holds, it could trigger a sharp rebound, especially with momentum building on the higher timeframes. This setup reflects a classic reversal structure, and a confirmed bounce here would further strengthen the broader bullish case.
Final Thoughts
Cardano’s recent bounce isn’t just another random green candle; it’s backed by solid technicals, strong on-chain metrics, and growing sentiment. From flipping the weekly chart green to retesting the Ichimoku cloud on the 2-week, ADA is quietly stacking signals that suggest bulls are about to take complete control.
If ADA holds its footing above $0.58 and breaks cleanly past the $0.63 resistance zone, things could move fast. With targets ranging from $0.70 to $1.41, Cardano may finally be ready to step back into the spotlight.
XRP Investment: Here’s How Much $5,000 and $15,000 in XRP Could Be Worth by 2040- If you’re holding XRP or thinking about investing in it, you might be wondering: how much could a $5,000 or $15,000 XRP investment be worth in the next 15 years? With expert predictions showing wildly different price targets, it’s clear that XRP’s future holds big possibilities—and some uncertainty. Let’s break down the numbers, scenarios, and expert projections to understand what your XRP could look like by 2040.
Could XRP volatility still turn small investments into millions?
XRP, currently one of the top cryptocurrencies by market cap (excluding stablecoins), has shown remarkable price movement over the years. Its extreme volatility, while risky, has often opened doors to high returns.
Take this for example: In 2017, XRP traded for just $0.0055. By January 2018, it had skyrocketed to $3.80—a 68,990% increase in just 10 months. That means a $10,000 investment at that time would have grown to about $6.9 million. These numbers explain why Michael Saylor, Executive Chairman of MicroStrategy, calls volatility in crypto a “gift.”
More recently, in the late 2024 to early 2025 mini bull cycle, XRP jumped from $0.50 in November 2024 to $3.40 in January 2025, a 580% gain in under three months. These past rallies prove that XRP still holds serious upside potential.
how much XRP can you get for $5,000 or $15,000 today?
As of now, XRP is trading at $2.26. Based on this price:
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A $5,000 investment would buy approximately 2,212 XRP tokens.
A $15,000 investment would get you around 6,637 XRP tokens.
Various analysts and platforms have shared projections for XRP’s long-term price, and the ranges are pretty wide.
According to Telegaon, XRP could:
Reach a minimum price of $119.08 by 2040
Climb to a maximum of $160.34
At this peak price of $160.34:
Your $5,000 investment (2,212 tokens) would be worth approximately $354,672
Your $15,000 investment (6,637 tokens) would hit about $1.064 million
Meanwhile, Changelly’s analysts are far more bullish. They project XRP could:
Start 2040 at $208
Climb to a peak of $1,938 by December 2040
If this turns out to be accurate:
The $5,000 XRP investment could reach $4.28 million
The $15,000 investment might grow to an incredible $12.86 million
That kind of growth could change someone’s life completely—retirement, real estate, or even generational wealth could be on the table.
Are conservative predictions still promising for XRP investors?
Even conservative estimates show solid growth potential. Google Gemini’s AI chatbot, for instance, gave a more cautious forecast:
XRP could hit $64.2 by 2040
Even at that price:
The $5,000 investment would be worth around $142,000
The $15,000 holding would grow to roughly $426,000
While this isn’t millionaire status, it’s still a strong return compared to traditional investments like stocks or savings accounts.
Is investing in XRP today a smart long-term move?
Ultimately, XRP’s future depends on several factors—regulatory clarity, adoption by financial institutions, and broader market conditions. However, based on the data and projections available:
XRP’s historical volatility suggests future upside is possible
Expert predictions point to a wide range of possible outcomes—from $64 to nearly $2,000
Even cautious estimates significantly outperform traditional investment vehicles
But remember, this isn’t financial advice. As with any crypto investment, do your research, understand the risks, and never invest more than you can afford to lose.
Could $5,000 or $15,000 in XRP really change your life?
If XRP hits even the lower end of these 2040 price targets, today’s investments could yield substantial returns. Whether it’s $142,000 or $12 million, XRP offers a rare opportunity in the crypto world—high risk, but potentially high reward.
So, is XRP worth adding to your long-term investment portfolio? The numbers speak for themselves, but the decision is yours.
FAQs:
Q1: How much could $5,000 in XRP be worth in 2040? It could grow to $4.28 million if XRP hits $1,938.
Q2: What’s the 2040 XRP price prediction from experts? Predictions range from $64.2 to $1,938 per XRP by 2040.
Solana is trading just below key resistance levels, with strong Q2 revenue, bullish chart patterns, and ETF momentum hinting at a potential breakout toward $200.
Solana looks like it’s gearing up for one of its biggest moves of the year. After topping all blockchains in Q2 revenue for the third quarter in a row, the charts are finally starting to catch up. The signs are getting clearer: strong fundamentals, steady demand, and now a price structure that’s hinting at a potential rally ahead.
Solana Tops All Chains in Q2 Revenue
Q2 numbers are in as shared by SolanaFloor, and Solana’s position at the top of the revenue chart is starting to look familiar. Solana just closed out its third consecutive quarter as the leading blockchain by network revenue, pulling in over $271 million in Q2 2025. That puts it comfortably ahead of Tron, Ethereum, and even Bitcoin, based on the latest data from Blockworks.
Solana leads all blockchains in Q2 revenue with over $271 million. Source: SolanaFloor via X
This kind of performance isn’t just about a single app or trend; it reflects growing consistency across the Solana ecosystem. When a network consistently generates this level of revenue, the price eventually starts to catch up. Strong fundamentals tend to draw sustained interest. As Solana keeps proving its ability to monetize real on-chain activity, the gap between utility and market value could start to narrow.
Solana Price Structure Forms Classic Reversal Pattern
With Solana leading on fundamentals, the price chart is beginning to reflect that same strength. As pointed out by Nebraskangooner, Solana price appears to be forming an inverse head and shoulders. The neckline sits just below $155, and price is currently hovering around $152. A clean breakout above that level could shift short-term momentum and target a potential move toward the $165 to $170 range, aligning with the 200-day moving average acting as dynamic resistance.
Solana price forms an inverse head and shoulders, eyeing a breakout above $155 with targets near $170. Source: Nebraskangooner via X
The structure itself has been developing over the past few weeks, with higher lows forming the right shoulder and volume holding steady. In context with Solana’s recent Q2 revenue dominance, this technical setup adds weight to the idea that price may start catching up with on-chain momentum. If the neckline breaks with confirmation, it would be a strong technical follow-through to what the fundamentals have already been signaling.
Solana Reclaims 4H Support
After forming a potential inverse head and shoulders on the higher timeframes, Solana just reclaimed a key 4H support-resistance zone, as noted by VeLLa Crypto. Price pushed back above the $150–$152 area and held, flipping what was previously a cap into a short-term base.
Solana reclaims the $150–$152 zone on the 4H chart, setting the stage for a potential push toward $166. Source: VeLLa Crypto via X
This kind of S/R reclaim often acts as a trigger point if momentum follows through, and the chart is hinting at a possible run toward the $166 level if buyers stay active.
This reclaim could mark the transition from structure-building to trend acceleration. There’s still some overhead resistance to work through, but technically, the breakout above this local range puts Solana in a stronger position than it’s been in weeks.
Analysts Outline What Could Drive the Next Solana Move
With Solana reclaiming key levels across multiple timeframes, market watchers like 0xGumshoe are starting to map out what could fuel the next leg higher. Instead of hinging on a single catalyst, his view builds around a chain of developments, macro and micro, that could stack in Solana’s favor if momentum holds. The charts are improving, but so is the narrative behind them.
Here’s what’s on the radar:
Bitcoin near ATHs could spark broader onchain interest and speculative flows.
Onchain activity on Solana is already ticking up.
Launch of the first Solana ETF opens the door to more inflows if price holds up.
$160 remains the key breakout level.
Strong buy pressure often follows when big names start moving, especially as capital rotates into trending L1s.
Run towards $200 becomes more likely if Solana holds above $160 with volume.
The structure is now there, and with fundamentals backing it, the pieces are beginning to align.
Solana Price Prediction Eyes Breakout Zone With $200+ in Sight
Crypto analyst Alek_Carter points out that Solana is still stuck in a defined range, testing patience while consolidating just below resistance. The chart highlights $184 as the key level, until price closes above it, the move remains on hold.
Structurally, Solana has been holding a series of higher lows since May, showing steady demand, but hasn’t yet pushed through the ceiling that could open up new upside.
Solana consolidates below $184 resistance, with price eyeing $219 and $260–$300 as breakout targets. Source: Alek_Carter via X
If that breakout comes, the next major level on the radar is around $219, followed by the $260–$300 zone mapped as major resistance. Carter suggests that ETF inflows could provide the catalyst needed to flip this range, especially if momentum builds alongside broader risk-on sentiment.
Final Thoughts
Solana may still be stuck below major resistance, but the pieces are falling into place. From strong Q2 revenues to improving technicals and growing ETF speculation, the momentum is starting to lean bullish. Participants are not just throwing wild targets anymore; many are pointing to structured patterns and key levels like $160 and $184 that, if broken, could open the door to a run towards $200 and beyond.
Bitcoin is facing selling near $110,500, but the bulls are expected to aggressively defend BTC price at its key moving averages.
XRP is trying to break above its immediate overhead resistance level.
Bitcoin BTCUSD continues to face selling near the $110,500 level, indicating that the bears are vigorously defending the level. A positive sign in favor of the bulls is that they have not allowed the price to dip below the moving averages. That suggests the bulls are hanging on to their positions and not hurrying to book profits.
Analysts point out that the bands in the Bollinger Bands indicator are getting squeezed, suggesting a sharp move may be around the corner. Bollinger Bands creator John Bollinger said in a post on X that Bitcoin could be “setting up for an upside breakout.”
Investors have not given up as they continue to pump money into Bitcoin exchange-traded products (ETPs), which recorded $790 million in inflows for the trading week ended Friday, per CoinShares data. There was a marginal slowdown in inflows compared to the previous three weeks, which witnessed $1.5 billion in inflows.
CoinShares head of research James Butterfill said the drop in inflows suggests a cautious approach from the investors as Bitcoin approaches its all-time high.
Will bears pull Bitcoin below the moving averages, or could buyers defend the level? How are the altcoins likely to behave? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) extended its uptrend last week, indicating sustained demand from the bulls at higher levels.
Usually, after breaking out of a significant resistance, the price turns down and retests the breakout level. Therefore, a retest of the 6,147 level is possible. If the price turns up sharply from 6,147, it suggests the bulls have flipped the level into support. That increases the likelihood of the continuation of the uptrend. The index may then rally toward 6,500.
Sellers will have to yank the price below the 20-day exponential moving average (EMA)(6,099) to weaken the bullish momentum. The index may then plummet to the 50-day simple moving average (SMA) (5,904).
US Dollar Index price prediction
The US Dollar Index (DXY) turned up from the 96.37 level on Tuesday, indicating demand at lower levels.
The pullback could reach the breakdown level of 97.92, where the bears are expected to sell aggressively. If the price turns down sharply from 97.92, it suggests that the bears are trying to flip the level into resistance. That increases the risk of a break below 96.37. The index may then drop toward the 95 level.
Conversely, a break and close above the 97.92 level suggests the bulls are on a comeback. The index could then rise to the 50-day SMA (99.03). This is an important level to keep an eye on because a break above it could drive the index to the 100.54 level and then to the 102 resistance.
Bitcoin price prediction
Bitcoin has been oscillating between the 20-day EMA ($107,211) and the overhead resistance of $110,530.
This tight range trading is unlikely to continue for long. Although a range expansion is around the corner, it is difficult to predict the direction of the breakout. If the price turns down and plunges below the moving averages, the BTCUSDT pair could descend to $104,500 and later to $100,000.
On the contrary, a break and close above $110,530 opens the gates for a rally to $111,980 and then to the neckline of the inverse head-and-shoulders pattern. A close above the neckline could start the next leg of the uptrend toward $150,000.
Ether price prediction
Ether ETHUSD has been stuck inside the $2,738 to $2,323 range for several days, with attempts to break and sustain the price above and below the range being unsuccessful.
Buyers are trying to push the price above $2,635, clearing the path for a rally to $2,738. Sellers are expected to fiercely defend the $2,738 to $2,879 zone. If the price turns down from the overhead zone, the ETHUSDT pair could find support at the 20-day EMA. If the price bounces off the 20-day EMA, the bulls will again try to drive the pair above $2,879.
On the downside, a break and close below the 20-day EMA suggests the pair may extend its stay inside the range. Sellers will be back in the driver’s seat on a close below $2,111.
XRP price prediction
Buyers have managed to sustain XRP XRPUSD above the 20-day EMA ($2.20) for the past few days, signaling a lack of aggressive selling by the bears.
The 20-day EMA has started to turn up, and the RSI has jumped into the positive zone, indicating the path of least resistance is to the upside. There is resistance at $2.34, but it is likely to be crossed. The XRPUSDT pair could climb to $2.48 and subsequently to $2.65. Buyers will have to overcome the barrier at $2.65 to start a new up move toward $3.
Contrarily, if the price turns down and breaks below the 20-day EMA, it suggests the pair may swing between $2.34 and $2 for a while longer.
BNB price prediction
BNB BNBUSD bounced off the 20-day EMA ($652) on Saturday, indicating that the sentiment remains positive and traders are buying on dips.
The upsloping 20-day EMA and the RSI just above the midpoint indicate a slight edge to the bulls. If the $665 resistance falls, the BNBUSDT pair could rise to $675 and then to $698. Sellers are likely to pose a solid challenge at $698 because a break above it could propel the pair to $732.
This optimistic view will be negated in the near term if the price turns down and breaks below the moving averages. The pair may then drop to $636.
Solana price prediction
The bulls managed to push Solana SOLUSD above the 20-day EMA ($149) on Sunday but are struggling to break above the 50-day SMA ($154).
The 20-day EMA has flattened out, and the RSI is just above the midpoint, indicating a balance between supply and demand. Buyers will have the upper hand if they push the SOLUSDT pair above $159. That opens the gates for a rise to $185. There is minor resistance at $168, but it is likely to be crossed.
The first support on the downside is at $145 and then at $137. A break below $137 tilts the advantage in favor of the bears. The pair may then tumble to $126.
Dogecoin price prediction
Dogecoin DOGEUSD has broken above the 20-day EMA ($0.16), suggesting that the bulls are attempting a comeback.
If buyers maintain the price above the 20-day EMA, the DOGEUSDT pair could rise to the 50-day SMA ($0.18) and later to $0.21. Sellers are expected to defend the $0.21 level, but if the buyers prevail, the pair could soar to $0.26.
Instead, if the price turns down from the current level and breaks below the 20-day EMA, it suggests that the bears are selling on every minor rally. That could sink the pair to the $0.14 support.
Cardano price prediction
Cardano (ADA) has been clinging to the 20-day EMA ($0.58), indicating that the bulls have kept up the pressure.
The flattening 20-day EMA and the RSI just below the midpoint suggest the selling pressure is reducing. If buyers drive the price above the 20-day EMA, the ADAUSDT pair could rally to the 50-day SMA ($0.64) and then to the downtrend line. The bulls will have to push and sustain the price above the downtrend line to signal a potential trend change.
Sellers will have to drag the price below the $0.50 support to complete the bearish descending triangle pattern. That may start a downward move to $0.40.
Hyperliquid price prediction
Buyers have managed to keep Hyperliquid (HYPE) above the 20-day EMA ($38.41) for the past few days, indicating demand at lower levels.
However, a negative sign is that the bulls have failed to drive the price above the near-term resistance of $41.23. If the price turns up from the current level or the 20-day EMA and breaks above $41.23, it signals that the bulls are back in the driver’s seat. The HYPE/USDT pair could surge to the $42.50 to $45.80 resistance zone.
The first sign of weakness on the downside will be a break and close below the 50-day SMA ($36.60). That opens the doors for a fall to $33.25 and later to $30.69.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
After a sharp climb last week, Ethereum price today is stabilizing just below the $2,600 mark. The short-term structure is forming a tight range as buyers attempt to hold key moving averages while watching volume signals for a potential breakout above local resistance.
On the 30-minute and 4-hour charts, Ethereum price has been consolidating between $2,560 and $2,590 after a sharp breakout on July 6. Price is riding along the mid-line of Bollinger Bands while staying above the VWAP and Parabolic SAR flip levels near $2,572 and $2,565, respectively. This suggests ongoing buyer interest despite a lack of immediate momentum.
The 4-hour Bollinger Bands have slightly expanded, allowing ETH to stretch higher without immediate rejection. Notably, the price is holding above the 20, 50, 100, and 200 EMAs, which are now stacked in a bullish alignment between $2,541 and $2,497. This dynamic cluster reinforces support and hints at a potential continuation setup.
After bouncing from the $142 support cluster last week, the Solana price today is consolidating just below the $154 resistance level. The structure remains within a tightening wedge, where the battle between bulls and bears is intensifying. With funding rates positive and open interest rising, speculative momentum is building ahead of a potential breakout.
Solana has formed a symmetrical triangle on the 4H chart, with higher lows from $142 and descending highs from the June peak near $157. This wedge compression is now squeezing price into a narrow apex zone between $150 and $154.
On the daily timeframe, SOL is also pinned below a descending trendline from April’s highs. However, price has reclaimed the mid-range of the recent structure and is now testing both the local trendline and a prior demand-turned-supply zone. The range between $154 and $157 is a confluence resistance that needs to be flipped for continuation.
If bulls break above this zone with volume, a revisit of $162 or even $171 is possible. But failure to clear …
Dogecoin price today is hovering near $0.171 after briefly spiking above $0.175 earlier this week. While the broader structure remains compressed, DOGE has pushed off its $0.16 support level with a strong impulse move, but now faces significant overhead resistance near $0.175–$0.180. The next 24–48 hours could prove critical for price direction.
Dogecoin price has climbed over 5% off the July 3 low of $0.162, with bulls attempting to reclaim ground above key trendlines. On the 4-hour chart, DOGE has broken above a falling wedge structure and is now consolidating just beneath the upper Bollinger Band at $0.174, while the mid-band supports at $0.1665.
Parabolic SAR dots have flipped beneath price action, confirming a shift toward bullish control in the short term.
From a Smart Money Concepts (SMC) perspective, DOGE has maintained structure above the latest BOS level near $0.158 and is now retesting a prior CHoCH zone between $0.170–$0.175. Price is trading within a tight liquidity pocket, indicating that bulls are cautiously …
Why Dogecoin
(DOGE) is surging has become the burning question among cryptocurrency
investors as the meme coin demonstrates new wave of resilience in Monday’s
trading session, 7 July, 2025.
Dogecoin
price has climbed 0.35% to $0.1721, establishing an intraday high of
$0.1766 – the highest level in a month. This surge follows Sunday’s impressive
4% appreciation, marking a stunning 24% rebound from June lows below
$0.1450.
Dogecoin
price today shows impressive technical strength with key support
established at $0.166. The breakout occurred between 12:00-13:00 on July 6,
with price jumping from $0.166 to $0.173 on massive 1.14 billion trading
volume. This represents a significant shift in market dynamics, particularly as
whale wallets accumulated aggressively while smaller retail holders exited
positions.
The technical analysis reveals:
24-hour
surge: 5.01% from $0.163 to $0.171
Key resistance: $0.173 during late-session
selling
Volume spike: Notable increases at 01:16
(12.8M) and 01:36 (8.0M)
Support confirmation: Strong base at $0.166 level
Why Dogecoin price is up today? Source: Tradingview.com
Why Dogecoin is Surging? Key
Market Drivers
Federal Reserve Rate Cut
Optimism Fuels Rally
The primary
catalyst behind why Dogecoin is going up stems from renewed optimism
surrounding potential Federal Reserve rate cuts. Dogecoin surged over 6% in the
past 24 hours, leading major cryptocurrency gains as Bitcoin approached the
$110,000 mark. The rally gained momentum after U.S. officials announced a
three-week extension for tariff negotiations, calming global trade fears that
had previously weighed on risk assets.
“Markets
are rallying after it was revealed countries will have more time to negotiate
before tariffs take effect,” explained Jeff Mei, COO at BTSE. “If we
see a soft CPI print on Tuesday, that could open the door for a Fed rate cut
later this year.”
Elon Musk’s America Party
Announcement Ignites DOGE Speculation
Dogecoin
news took a dramatic turn with Elon Musk’s surprise announcement of the
America Party over the weekend. The Tesla CEO’s new political platform,
featuring strong pro-Bitcoin rhetoric and criticism of Donald Trump’s
“anti-innovation” financial agenda, has sparked intense speculation
about Dogecoin’s potential role in Musk’s movement.
While no
formal mention of Dogecoin was made in the announcement, Musk’s
history of integrating DOGE into Tesla and X (formerly Twitter) products has
fueled market optimism. The announcement triggered heavy whale accumulation,
with trading volumes exceeding $1.1 billion as institutional investors
demonstrated renewed confidence in the meme coin.
“Optimism
surrounding the potential announcements of new U.S. trade deals and Elon Musk’s
supportive comment” are helping crypto prices, including Bitcoin, said Shawn
Young, Chief Analyst at crypto exchange MEXC. “However, despite the
headline-driven lift, the market’s underlying momentum remains muted,” with
cryptos stuck in consolidations.
Whale Activity Signals
Institutional Confidence
On-chain
data from IntoTheBlock reveals heavy buying from whale wallets, particularly
those holding 1M-100M DOGE tokens. This institutional accumulation pattern,
combined with retail position reduction, suggests a fundamental shift in Dogecoin ownership
structure that could support higher price levels.
Dogecoin
shares the
broader cryptocurrency market’s positive sentiment, with Bitcoin gaining 1.1%
to trade above $109,000 and Ethereum adding 2.5% to reach $2,570. Other major
cryptocurrencies including Solana, XRP, Cardano, and Tron posted 2-4% gains,
supported by strong institutional inflows and improving market sentiment.
Source: CoinMarketCap
Eugene
Cheung, Chief Commercial Officer at OSL, noted: “The BTC bounce and ETH
inflows show traders are rotating into long-term value assets. We expect more
investors to seek shelter in crypto as macro volatility builds.”
According to Simon Peters, crypto analyst at eToro, “We could see some greater movement this week, as
investors return from the ‘Independence Day’ public holiday and digest the
passing of Trump’s ‘One Big Beautiful Bill’.”
“The Congressional Budget Office estimates the bill could add $3.4
trillion to federal deficits over the next 10 years. The forecasts of
increasing US government debt may drive more investor interest to bitcoin as
investors seek refuge from any future currency debasement.”
Political and Economic
Uncertainty
The
combination of Trump’s tariff deadline concerns and potential Federal Reserve
policy shifts has created a perfect storm for cryptocurrency adoption.
Investors increasingly view digital assets as hedges against traditional
financial system volatility, with Dogecoin price benefiting from this
broader narrative shift.
Technical Analysis:
Dogecoin Chart Breakdown
Based on my
technical analysis, the price of Dogecoin has changed direction. After moving
downward from the May highs within a bearish regression channel, the price
broke out to the upside and is now moving within a narrower but bullish green
regression channel.
There is
local resistance around the $0.00 level, which is currently drawing my
attention. Not far from this resistance zone lies the 50-day exponential moving
average (50 EMA), which will strengthen the current resistance area.
On a
positive note, Dogecoin is attempting to break above the $0.17 level, which had
previously served as resistance, marked by the lows seen in April, May, and the
first part of June.
If the
price manages to rise above the 50 EMA, the next target for me is the local
high from June 11 at around $0.20, which aligns with the 200 EMA—the 200-day
exponential moving average.
A
successful breakout above this range could open the path for a return to the
May highs near the $0.26 mark.
Monthly Structure and
Trend Analysis
The monthly
structure on Dogecoin reflects a prolonged downtrend capped by
repeated lower highs, with current price action coiling just below a descending
trendline. After a failed breakout attempt in early June near $0.215, DOGE
retraced sharply but found crucial support above $0.150 – a key demand zone
reinforced by prior consolidation patterns.
Volume and Liquidity
Considerations
Current
tightening price action inside a falling wedge aligns with a low-volume node
between $0.165 and $0.175. This technical setup, combined with the recent whale
accumulation patterns, suggests potential for explosive price movement in
either direction depending on broader market catalysts.
Dogecoin Price Predictions
abd Future Outlook: Expert Analysis for 2025
Short-Term Outlook: July
2025
Cryptocurrency
analysts present varied but generally optimistic Dogecoin price
predictions for the remainder of July 2025. Technical analysis suggests
potential upside targets between $0.192 and $0.205 if bulls successfully
reclaim current resistance levels. However, a break below $0.155 could trigger
a retest of the broader demand zone between $0.138 and $0.127.
Medium-Term Projections:
2025 Forecast
Why Dogecoin
is going up becomes clearer when examining longer-term analyst
projections:
Coinpedia forecasts: Maximum value of $1.07 by
2025, with minimum at $0.62 and average around $0.84
Long-Term Vision: 2030 and
Beyond
Extended Dogecoin
price predictions show remarkable optimism among cryptocurrency experts.
Coinpedia anticipates potential fluctuation between $2.52 and $3.035 by 2030,
while CoinMarketCap projects reaching a high of $1.57 and low of $1.31 during
the same period.
Dogecoin Price Predictions
Table
Time Frame
Source /
Basis
Forecast
Range (USD)
Notes
Short-Term
Technical
Analysis (July 2025)
$0.127 –
$0.205
Break below $0.155 could lead to
$0.127; upside capped at ~$0.205
Medium-Term
Changelly
$0.33 (end
of 2025)
Conservative
bullish scenario
CoinDCX
$0.55 (Q2
2025)
$1+ (end)
Assumes
strong bullish continuation
Coinpedia
Min: $0.62
Avg: $0.84
Max: $1.07
Suggests broad trading range by
end of 2025
Long-Term
(2030)
Coinpedia
$2.52 –
$3.035
High optimism over long-term
adoption
CoinMarketCap
$1.31 –
$1.57
More conservative long-term
estimate
Analyst Perspectives on
Dogecoin’s Future
Institutional Adoption
Potential
The shift
toward institutional accumulation represents a fundamental change in Dogecoin’s market
dynamics. Unlike previous retail-driven rallies, current price action
demonstrates sophisticated investor participation that could provide more
sustainable support levels.
Regulatory and Political
Factors
Musk’s
America Party announcement adds a new political dimension to Dogecoin
analysis. The potential integration of cryptocurrency themes into mainstream
political discourse could significantly impact long-term adoption and price
stability.
Dogecoin vs. Crypto Market
Context
Comparative Performance
Analysis
Dogecoin
stock (though
technically a cryptocurrency) has outperformed many traditional crypto assets
in recent sessions. The 6% daily gain significantly exceeded Bitcoin’s 1.1% and
Ethereum’s 2.5% increases, demonstrating renewed investor appetite for
meme-based digital assets.
Market Capitalization
Implications
Current
trading volumes exceeding $1.5 billion represent relatively high activity
levels, particularly for weekend trading periods. This sustained interest
suggests Dogecoin price movements may continue attracting significant
market attention throughout July 2025.
The
convergence of Federal Reserve policy speculation, Elon Musk’s political
ambitions, and technical breakout patterns creates a compelling narrative
for why Dogecoin is surging. While cryptocurrency markets remain
inherently volatile, current data suggests DOGE has established crucial support
levels that could facilitate further upward movement toward analyst price
targets.
Dogecoin News FAQ
Will DOGE Reach $1?
Yes,
multiple analysts believe Dogecoin can reach $1, with some projecting this
milestone by late 2025. Based on current market analysis and expert
predictions, Dogecoin reaching $1 appears increasingly feasible. CoinDCX
projections suggest bullish momentum could drive DOGE toward $0.55 by Q2
2025, with potential for $1+ by year-end. Coinpedia’s forecasts are even
more optimistic, anticipating a maximum value of $1.07 by 2025.
How Much Is $500 Worth of
Dogecoin Right Now?
At the
current price of $0.1721, $500 would purchase approximately 2,906 DOGE tokens.
Here’s the calculation breakdown:
Current
DOGE price: $0.1721
Investment
amount: $500
DOGE
tokens acquired: $500 ÷ $0.1721 = 2,906 DOGE
Value
scenarios based on analyst predictions:
If DOGE reaches $0.33 (Changelly’s 2025
target): Your 2,906 tokens = $958.98
If DOGE reaches $1.00 (optimistic 2025 target):
Your 2,906 tokens = $2,906
If DOGE reaches $2.00: Your 2,906 tokens = $5,812
Should I Pull My Money Out
of Dogecoin?
The
decision depends on your risk tolerance, investment timeline, and current
market analysis – but recent data suggests institutional confidence is growing.
Reasons to consider holding:
Whale accumulation: Large investors are buying
DOGE while retail investors sell, indicating institutional confidence
Technical support: Strong support established at
$0.166 with 24% rebound from June lows
Positive catalysts: Elon Musk’s America Party and
potential Fed rate cuts provide upside momentum
Analyst optimism: Multiple forecasts project
significant upside potential through 2025
Can Dogecoin Reach $2?
Yes,
long-term projections suggest Dogecoin could reach $2, though this target
appears more likely in the 2028-2030 timeframe.
Path to $2 analysis:
Current
price: $0.1721
Required
growth: Approximately 1,062% increase
Market cap implications: At $2, DOGE would have a
market cap of roughly $295 billion
Supporting factors for $2 target:
Extended timeline projections: Coinpedia anticipates DOGE
fluctuating between $2.52 and $3.035 by 2030
Institutional adoption: Growing whale accumulation
suggests professional investor interest
Political integration: Musk’s America Party could
mainstream cryptocurrency adoption
Inflation hedge narrative: Cryptocurrencies increasingly
viewed as alternatives to traditional assets
Why Dogecoin
(DOGE) is surging has become the burning question among cryptocurrency
investors as the meme coin demonstrates new wave of resilience in Monday’s
trading session, 7 July, 2025.
Dogecoin
price has climbed 0.35% to $0.1721, establishing an intraday high of
$0.1766 – the highest level in a month. This surge follows Sunday’s impressive
4% appreciation, marking a stunning 24% rebound from June lows below
$0.1450.
Dogecoin
price today shows impressive technical strength with key support
established at $0.166. The breakout occurred between 12:00-13:00 on July 6,
with price jumping from $0.166 to $0.173 on massive 1.14 billion trading
volume. This represents a significant shift in market dynamics, particularly as
whale wallets accumulated aggressively while smaller retail holders exited
positions.
The technical analysis reveals:
24-hour
surge: 5.01% from $0.163 to $0.171
Key resistance: $0.173 during late-session
selling
Volume spike: Notable increases at 01:16
(12.8M) and 01:36 (8.0M)
Support confirmation: Strong base at $0.166 level
Why Dogecoin price is up today? Source: Tradingview.com
Why Dogecoin is Surging? Key
Market Drivers
Federal Reserve Rate Cut
Optimism Fuels Rally
The primary
catalyst behind why Dogecoin is going up stems from renewed optimism
surrounding potential Federal Reserve rate cuts. Dogecoin surged over 6% in the
past 24 hours, leading major cryptocurrency gains as Bitcoin approached the
$110,000 mark. The rally gained momentum after U.S. officials announced a
three-week extension for tariff negotiations, calming global trade fears that
had previously weighed on risk assets.
“Markets
are rallying after it was revealed countries will have more time to negotiate
before tariffs take effect,” explained Jeff Mei, COO at BTSE. “If we
see a soft CPI print on Tuesday, that could open the door for a Fed rate cut
later this year.”
Elon Musk’s America Party
Announcement Ignites DOGE Speculation
Dogecoin
news took a dramatic turn with Elon Musk’s surprise announcement of the
America Party over the weekend. The Tesla CEO’s new political platform,
featuring strong pro-Bitcoin rhetoric and criticism of Donald Trump’s
“anti-innovation” financial agenda, has sparked intense speculation
about Dogecoin’s potential role in Musk’s movement.
While no
formal mention of Dogecoin was made in the announcement, Musk’s
history of integrating DOGE into Tesla and X (formerly Twitter) products has
fueled market optimism. The announcement triggered heavy whale accumulation,
with trading volumes exceeding $1.1 billion as institutional investors
demonstrated renewed confidence in the meme coin.
“Optimism
surrounding the potential announcements of new U.S. trade deals and Elon Musk’s
supportive comment” are helping crypto prices, including Bitcoin, said Shawn
Young, Chief Analyst at crypto exchange MEXC. “However, despite the
headline-driven lift, the market’s underlying momentum remains muted,” with
cryptos stuck in consolidations.
Whale Activity Signals
Institutional Confidence
On-chain
data from IntoTheBlock reveals heavy buying from whale wallets, particularly
those holding 1M-100M DOGE tokens. This institutional accumulation pattern,
combined with retail position reduction, suggests a fundamental shift in Dogecoin ownership
structure that could support higher price levels.
Dogecoin
shares the
broader cryptocurrency market’s positive sentiment, with Bitcoin gaining 1.1%
to trade above $109,000 and Ethereum adding 2.5% to reach $2,570. Other major
cryptocurrencies including Solana, XRP, Cardano, and Tron posted 2-4% gains,
supported by strong institutional inflows and improving market sentiment.
Source: CoinMarketCap
Eugene
Cheung, Chief Commercial Officer at OSL, noted: “The BTC bounce and ETH
inflows show traders are rotating into long-term value assets. We expect more
investors to seek shelter in crypto as macro volatility builds.”
According to Simon Peters, crypto analyst at eToro, “We could see some greater movement this week, as
investors return from the ‘Independence Day’ public holiday and digest the
passing of Trump’s ‘One Big Beautiful Bill’.”
“The Congressional Budget Office estimates the bill could add $3.4
trillion to federal deficits over the next 10 years. The forecasts of
increasing US government debt may drive more investor interest to bitcoin as
investors seek refuge from any future currency debasement.”
Political and Economic
Uncertainty
The
combination of Trump’s tariff deadline concerns and potential Federal Reserve
policy shifts has created a perfect storm for cryptocurrency adoption.
Investors increasingly view digital assets as hedges against traditional
financial system volatility, with Dogecoin price benefiting from this
broader narrative shift.
Technical Analysis:
Dogecoin Chart Breakdown
Based on my
technical analysis, the price of Dogecoin has changed direction. After moving
downward from the May highs within a bearish regression channel, the price
broke out to the upside and is now moving within a narrower but bullish green
regression channel.
There is
local resistance around the $0.00 level, which is currently drawing my
attention. Not far from this resistance zone lies the 50-day exponential moving
average (50 EMA), which will strengthen the current resistance area.
On a
positive note, Dogecoin is attempting to break above the $0.17 level, which had
previously served as resistance, marked by the lows seen in April, May, and the
first part of June.
If the
price manages to rise above the 50 EMA, the next target for me is the local
high from June 11 at around $0.20, which aligns with the 200 EMA—the 200-day
exponential moving average.
A
successful breakout above this range could open the path for a return to the
May highs near the $0.26 mark.
Monthly Structure and
Trend Analysis
The monthly
structure on Dogecoin reflects a prolonged downtrend capped by
repeated lower highs, with current price action coiling just below a descending
trendline. After a failed breakout attempt in early June near $0.215, DOGE
retraced sharply but found crucial support above $0.150 – a key demand zone
reinforced by prior consolidation patterns.
Volume and Liquidity
Considerations
Current
tightening price action inside a falling wedge aligns with a low-volume node
between $0.165 and $0.175. This technical setup, combined with the recent whale
accumulation patterns, suggests potential for explosive price movement in
either direction depending on broader market catalysts.
Dogecoin Price Predictions
abd Future Outlook: Expert Analysis for 2025
Short-Term Outlook: July
2025
Cryptocurrency
analysts present varied but generally optimistic Dogecoin price
predictions for the remainder of July 2025. Technical analysis suggests
potential upside targets between $0.192 and $0.205 if bulls successfully
reclaim current resistance levels. However, a break below $0.155 could trigger
a retest of the broader demand zone between $0.138 and $0.127.
Medium-Term Projections:
2025 Forecast
Why Dogecoin
is going up becomes clearer when examining longer-term analyst
projections:
Coinpedia forecasts: Maximum value of $1.07 by
2025, with minimum at $0.62 and average around $0.84
Long-Term Vision: 2030 and
Beyond
Extended Dogecoin
price predictions show remarkable optimism among cryptocurrency experts.
Coinpedia anticipates potential fluctuation between $2.52 and $3.035 by 2030,
while CoinMarketCap projects reaching a high of $1.57 and low of $1.31 during
the same period.
Dogecoin Price Predictions
Table
Time Frame
Source /
Basis
Forecast
Range (USD)
Notes
Short-Term
Technical
Analysis (July 2025)
$0.127 –
$0.205
Break below $0.155 could lead to
$0.127; upside capped at ~$0.205
Medium-Term
Changelly
$0.33 (end
of 2025)
Conservative
bullish scenario
CoinDCX
$0.55 (Q2
2025)
$1+ (end)
Assumes
strong bullish continuation
Coinpedia
Min: $0.62
Avg: $0.84
Max: $1.07
Suggests broad trading range by
end of 2025
Long-Term
(2030)
Coinpedia
$2.52 –
$3.035
High optimism over long-term
adoption
CoinMarketCap
$1.31 –
$1.57
More conservative long-term
estimate
Analyst Perspectives on
Dogecoin’s Future
Institutional Adoption
Potential
The shift
toward institutional accumulation represents a fundamental change in Dogecoin’s market
dynamics. Unlike previous retail-driven rallies, current price action
demonstrates sophisticated investor participation that could provide more
sustainable support levels.
Regulatory and Political
Factors
Musk’s
America Party announcement adds a new political dimension to Dogecoin
analysis. The potential integration of cryptocurrency themes into mainstream
political discourse could significantly impact long-term adoption and price
stability.
Dogecoin vs. Crypto Market
Context
Comparative Performance
Analysis
Dogecoin
stock (though
technically a cryptocurrency) has outperformed many traditional crypto assets
in recent sessions. The 6% daily gain significantly exceeded Bitcoin’s 1.1% and
Ethereum’s 2.5% increases, demonstrating renewed investor appetite for
meme-based digital assets.
Market Capitalization
Implications
Current
trading volumes exceeding $1.5 billion represent relatively high activity
levels, particularly for weekend trading periods. This sustained interest
suggests Dogecoin price movements may continue attracting significant
market attention throughout July 2025.
The
convergence of Federal Reserve policy speculation, Elon Musk’s political
ambitions, and technical breakout patterns creates a compelling narrative
for why Dogecoin is surging. While cryptocurrency markets remain
inherently volatile, current data suggests DOGE has established crucial support
levels that could facilitate further upward movement toward analyst price
targets.
Dogecoin News FAQ
Will DOGE Reach $1?
Yes,
multiple analysts believe Dogecoin can reach $1, with some projecting this
milestone by late 2025. Based on current market analysis and expert
predictions, Dogecoin reaching $1 appears increasingly feasible. CoinDCX
projections suggest bullish momentum could drive DOGE toward $0.55 by Q2
2025, with potential for $1+ by year-end. Coinpedia’s forecasts are even
more optimistic, anticipating a maximum value of $1.07 by 2025.
How Much Is $500 Worth of
Dogecoin Right Now?
At the
current price of $0.1721, $500 would purchase approximately 2,906 DOGE tokens.
Here’s the calculation breakdown:
Current
DOGE price: $0.1721
Investment
amount: $500
DOGE
tokens acquired: $500 ÷ $0.1721 = 2,906 DOGE
Value
scenarios based on analyst predictions:
If DOGE reaches $0.33 (Changelly’s 2025
target): Your 2,906 tokens = $958.98
If DOGE reaches $1.00 (optimistic 2025 target):
Your 2,906 tokens = $2,906
If DOGE reaches $2.00: Your 2,906 tokens = $5,812
Should I Pull My Money Out
of Dogecoin?
The
decision depends on your risk tolerance, investment timeline, and current
market analysis – but recent data suggests institutional confidence is growing.
Reasons to consider holding:
Whale accumulation: Large investors are buying
DOGE while retail investors sell, indicating institutional confidence
Technical support: Strong support established at
$0.166 with 24% rebound from June lows
Positive catalysts: Elon Musk’s America Party and
potential Fed rate cuts provide upside momentum
Analyst optimism: Multiple forecasts project
significant upside potential through 2025
Can Dogecoin Reach $2?
Yes,
long-term projections suggest Dogecoin could reach $2, though this target
appears more likely in the 2028-2030 timeframe.
Path to $2 analysis:
Current
price: $0.1721
Required
growth: Approximately 1,062% increase
Market cap implications: At $2, DOGE would have a
market cap of roughly $295 billion
Supporting factors for $2 target:
Extended timeline projections: Coinpedia anticipates DOGE
fluctuating between $2.52 and $3.035 by 2030
Institutional adoption: Growing whale accumulation
suggests professional investor interest
Political integration: Musk’s America Party could
mainstream cryptocurrency adoption
Inflation hedge narrative: Cryptocurrencies increasingly
viewed as alternatives to traditional assets
XRP price could potentially reach the double-digit range if it follows Bitcoin’s trajectory, especially as Bitcoin doubles in value each year through 2030.
Currently, Bitcoin (BTC) has been stuck in a consolidation phase, and this has expectedly impacted the broader crypto market, with XRP also observing a similar range-bound phase.
XRP Following Bitcoin Footsteps Despite Recent Decoupling
However, while altcoins have ranged for five months, BTC has observed new all-time highs within this period. This has triggered a massive upsurge in Bitcoin dominance, but several analysts expect this trend to flip soon, anticipating a period when altcoins will recover, dubbed the “altcoin season.”
Being the second-largest altcoin, XRP will likely benefit from such a recovery push. Now, despite the current lackluster performance among these altcoins, whenever Bitcoin stages a rebound, the broader market follows albeit at a slower pace than in recent times.
Interestingly, data from CoinMarketCap confirms this pattern. Market data indicates that XRP has trailed Bitcoin’s direction over the past month, except for a slight deviation from June 25 to 28, when XRP collapsed but Bitcoin displayed greater resilience to bearish pressure.However, currently, both coins are again moving alongside each other.
Bitcoin and XRP Price Correlation
This close price correlation could either be beneficial or detrimental to XRP. For one, when Bitcoin collapses, XRP is likely to observe a similar price crash. However, several analysts expect XRP to also recover during periods of Bitcoin rebound. This is especially favorable, considering the bullish prospects surrounding Bitcoin.
XRP Price if Bitcoin Doubles Every Year Until 2030
Amid this correlation, The Crypto Basic recently assessed how much XRP price would grow if Bitcoin’s price doubled every year until 2030. Bitcoin currently trades for $108,000. If it doubles every year, by 2027, the price of BTC will be $432,000. Also, in 2029, this value will have risen to $1,728,000.
By 2030, the price of Bitcoin will have reached $3,456,000. Notably, from the current price of $108,000, Bitcoin would need to rally 3,100% to reach the $3.456 million mark by 2030. Interestingly, Thomas Father, co-founder of Apollo, predicted last June that BTC could reach $3.5 million by 2030.
Now, should Bitcoin grow 3,100% to the $3.45 million level by 2030, what effect would this have on XRP’s price? Notably, XRP currently changes hands at $2.21. If XRP sees a comparative 3,100% increase from the current price, its value per token would rise to a whopping $70.72.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP price recorded 3.7% increase today as the broader crypto market was in the green today.
XRP has maintained above the $2.20 level, indicating that the bulls are keeping the brief support.
Amid this, a popular crypto market expert has shared a crucial resistance for the Ripple coin, that the asset must breach to continue its rally ahead.
On the flip side, another market analyst has warned of a significant crash in the asset’s value if it loses a key support ahead.
XRP Price Slips But Holds the $2.2 Support
The global crypto market cap climbed around 1.18% to $3.36 trillion, and the overall trading volume increased by over 5% to $73.96 billion.
Notably, the ongoing volatility has spooked the market participants over a waning interest in the digital assets.
Notably, BTC price gained by 0.32% today to $108k, while the altcoins also recorded a slump. The top altcoin Ethereum price rose by over 2% to $2,551 during writing.
Amid this, XRP price also recorded a rise of over 2% and exchanged hands at $2.26.
Simultaneously, its one-day trading volume rose more than 91% to $2.28 billion, indicating a drastic rise in trading activity in the market.
Meanwhile, Ripple coin has hovered between a 24-hour high and low of $2.21 and $2.26. Notably, the token’s Futures Open Interest also fell more than 2.4%, indicating the cautious stance of the traders in the asset.
However, XRP’s Relative Strength Index or RSI stayed at 52, indicating the asset is currently at a neutral state.
XRP Price Chart | Source: TradingView
In other words, the technical indicator suggests that the crypto is neither in a bullish nor a bearish state for now.
What Lies Ahead for Ripple Coin?
Amid the ongoing volatile scenario in the XRP price, top analysts have shared key insights on the future trajectory of the coin.
For context, in a recent X post, a renowned market expert, Ali Martinez, has highlighted a key resistance level for the crypto to continue its upward momentum ahead.
Additionally, Martinez said that the “key resistance level for XRP is $2.38.” Besides, he also noted that breaking the level could “trigger” a major move ahead for Ripple coin.
Ripple Coin Price Analysis | Source: Ali Martinez, X
Besides, EGRAG CRYPTO has also shared a latest prediction, which has sparked discussions among market participants.
According to a recent technical chart shared on X, EGRAG has deemed the recent measured target for XRP price as “Bellissimo.”
It is a term expressing admiration in Italian for what he believes could be a “very beautiful” price trajectory ahead.
Notably, the chart he shared showed a classic symmetrical triangle formation. He has noted a consolidation pattern known to precede major breakouts.
Bullish Momentum Noted
In this case, XRP price has exited the triangle to the upside, signaling bullish momentum. The technical overlay projects a minimum price target near $120, representing a staggering 9,000% gain from the current levels around $2.23.
XRP Price Prediction | Source: EGRAG CRYPTO, X
The Fibonacci retracement levels plotted on the right also support several key resistance levels, particularly around $3.52, $9.13, $15, and $30, which traders will likely monitor for signs of confirmation or exhaustion.
However, EGRAG also cautions of a potential macro retest. For context, he has warned of a pullback to $1.24 to validate the breakout level before further upward movement.
This aligns with traditional technical playbooks where pullbacks often follow initial breakouts, providing stronger bases for future rallies.
However, when a user mentioned that a pullback to $1.24 would be brutal, he cited that as a “lifetime opportunity.”
In other words, even if the XRP price crashes in the near term, the expert is likely to remain bullish on the asset’s long-term trajectory.
