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.

What’s Happening With Dogecoin’s Price?

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 …

The post Dogecoin (DOGE) Price Prediction for July 8 appeared first on Coin Edition.

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 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.

$ETH ETF inflow + $296,600,000 last week.

Institutions are stacking more Ethereum. 🔥 pic.twitter.com/sH3rQDqfKz

— Ted (@TedPillows) July 7, 2025

Market Forces Behind
Dogecoin’s Rally

Cryptocurrency Sector
Momentum

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.

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:

• Changelly analysts: Expect DOGE to reach $0.33 by
  end of 2025
• CoinDCX projections: Bullish momentum could drive
  prices toward $0.55 by Q2 2025, with potential for $1+ by year-end
• 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

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 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.

$ETH ETF inflow + $296,600,000 last week.

Institutions are stacking more Ethereum. 🔥 pic.twitter.com/sH3rQDqfKz

— Ted (@TedPillows) July 7, 2025

Market Forces Behind
Dogecoin’s Rally

Cryptocurrency Sector
Momentum

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.

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:

• Changelly analysts: Expect DOGE to reach $0.33 by
  end of 2025
• CoinDCX projections: Bullish momentum could drive
  prices toward $0.55 by Q2 2025, with potential for $1+ by year-end
• 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

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.

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. 

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.

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.

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.

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.

Key points:

• Bitcoin and Solana can reach parabolic new highs if both crypto tokens successfully complete a cup and handle pattern, according to analysis.

• BTC price and SOL price targets are $230,000 and $4,390, respectively.

• SOL/USD would need to deliver gains of nearly 3,000% to hit the breakout top level.

Bitcoin (BTC) can reach $230,000 if a classic breakout move completes successfully, a new prediction states.

In his latest analysis, the popular X content creator, Trader Alan, delivered a giant $4,390 Solana (SOL) price target.

Solana “waiting” for breakout with $4,390 target

Bitcoin has spent seven weeks acting within a narrow range, but as time goes on, anticipation is growing as to where BTC price action will head next.

For Trader Alan, a familiar chart pattern holds the key — and so far, progress is exactly what bulls are hoping for.

“Bitcoin and Solana Cup and Handle Pattern on monthly chart,” he told X followers, adding that SOL/USD is currently attempting to copy BTC.

A cup-and-handle pattern is a well-known bullish setup in which price returns to a previous high, consolidates and then continues higher, often with explosive results.

As Cointelegraph reported, BTC/USD has already completed a long-term cup and handle, from its 2021 peak to 2022 low and back up, followed by its first trip to the $100,000 mark.

“$BTC has broken out the handle while $SOL is still waiting for the breakout,” Alan claims about the latest iterations of the pattern, which in Bitcoin’s case extends the breakout beyond the 2021 high.

“This pattern sets $BTC and $SOL to targets of $230,000 and $4,390 respectively.”

Bitcoin dominance keeps altcoins in check

While the BTC/USD target still represents 115% gains, it is comparatively modest when viewed next to Solana’s roadmap, which calls for upside of nearly 3,000%.

Related: Bitcoin price can hit $150K in weeks thanks to Trump’s ‘Big Beautiful Bill’

SOL/USD currently trades at around $150, while the pair’s all-time high from January 2025 is $294, per data from Cointelegraph Markets Pro and TradingView.

In the absence of “altseason,” however, such a parabolic move faces significant hurdles. Bitcoin’s dominance of the overall crypto market cap continues to grow, passing 65% to reach its highest levels since early 2021.

However, as Cointelegraph noted, BTC dominance hitting 70% has historically coincided with the start of altcoin strength.

Earlier, popular trader and analyst Rekt Capital added that this cycle may not need a tag of the 70% zone for altseason to begin.

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.