Probably the most popular meme cryptocurrency in the world, Dogecoin (DOGE), is facing a crash that most will not be able to handle. We are talking about the price performance of DOGE, when Bollinger Bands signal a possibility of a 80% drawdown for the meme coin. 

The Bollinger Bands, developed by John Bollinger, consist of three curves – the median and two deviations above and below it. Together they form a range movement within which traders can identify the trend and extremes for the price of the asset. The median itself is represented by a 20-day moving average. When the price hits an upper band, it can signal that the asset is overbought, and when it hits the lower band, the price is in oversold territory. 

The thing with DOGE is that on the weekly time frame, the price has fallen below the median, with the indicator at $0.28735 and the meme coin trading at $0.265. Such conditions make Dogecoin more vulnerable to the lower band, which is currently stretched around the $0.057 zone. 

If the price of the meme coin closes the week below the median, it may indicate a lack of purchasing power and pull Dogecoin closer to the lower band to test buyers there. 

On the other hand

The possibility of Dogecoin reaching the $0.06 zone is not short term, and everything can change within weeks. However, as things stand now, the probability of such a development is higher than the probability of a rise to the upper levels from the recent ones.

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While not set in stone like everything else on the crypto market, the Bollinger Bands indicate weakness for Dogecoin, and therefore, another medium-term decline is the main scenario right now, with an 80% crash to $0.057 serving as the ultimate and most grim outcome for the beloved meme cryptocurrency.

U.Today has prepared the top three news stories over the past day.

XRP hits ultra rare golden cross versus Bitcoin

XRP has recently demonstrated curious activity on its price chart, raising questions about whether this signals the beginning of “something bigger” or just another fluctuation on the volatile crypto market. The token has experienced a remarkable 367% increase against Bitcoin since November, a performance that is hard to ignore. Now, the asset has formed a golden cross on the weekly time frame, a technical indicator that typically suggests strong bullish momentum. However, the unpredictable nature of the crypto market complicates the outlook. Currently, XRP is valued at 0.000026 BTC, reflecting a 33.8% rise over the previous 24 hours, although it remains far from its record high of 0.00025 BTC set in May 2017. Achieving such heights would require XRP’s market cap to exceed $1 trillion, which would result in the asset’s price surpassing $24.7. 

6.51 trillion SHIB anomaly stuns Shiba Inu coin

According to recent data from IntoTheBlock, there has been a significant anomaly in the Shiba Inu token’s on-chain activity. Whale wallets experienced a 673% increase in outflows, totaling 6.51 trillion SHIB in just 24 hours. What makes this a rare occurrence is that this surge in outflows was matched by an equal amount of inflows (also about 6.51 trillion SHIB). Detailed data indicates that outflows slightly exceeded inflows, resulting in a net total for the period of 3.29 billion SHIB. At the price of $0.000015, this amount is worth approximately $50,000, which has minimal impact on the overall market. The data suggests a divided opinion among wealthy SHIB holders, as both selling and buying activities are occurring at significant levels. Currently, SHIB’s price remains stable within a tight range of $0.0000147 to $0.000017, with ongoing market dynamics determining where the meme token goes next.

Ethereum’s Buterin says Pectra will double L2 capacity

In his recent X post, Ethereum cofounder Vitalik Buterin stated that the upcoming Pectra hard fork is set to double the capacity of layer-2 networks. This will be achieved by increasing the blob target from 3 to 6. “Blobs” are large data packets introduced with the Dencun hard fork in early 2024 that aim to enhance scalability for these networks. Buterin emphasized the necessity of scaling to retain users, warning that “if Ethereum does not offer this, then people will find it elsewhere.” The Pectra hard fork, which includes a slew of various Ethereum improvement proposals (EIPs), is scheduled for release in March. It was initially planned as the most ambitious Ethereum upgrade with 20 improvement proposals. However, it was later divided into two. Additionally, Buterin suggested that the blob target should be subject to staker voting, allowing for adjustments in response to technological advancements without waiting for future hard forks.

The market remains mainly bearish today, according to CoinMarketCap.

SOL/USD

The rate of Solana (SOL) has fallen by 3.31% over the last 24 hours.

On the hourly chart, the price of SOL is rising after the false breakout of the local support of $203.54. If the growth continues, one can expect a test of the resistance level by tomorrow.

On the bigger time frame, none of the sides is dominating. 

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The volume is low, which means the ongoing sideways trading around the current prices is the more likely scenario by the end of the week.

From the midterm point of view, the situation is similar. However, if the weekly bar closes below the vital zone of $200, traders may witness a correction to the support of $157.82 shortly.

SOL is trading at $204.36 at press time.

In the world of cryptocurrency, Dogecoin remains one of the most popular digital currencies, along the lines of popularity driven by figures like Elon Musk. Nevertheless, the chances of DOGE reaching $15 by 2025 seems unlikely.

One major problem is that it has an infinite supply: Whereas Bitcoin will be limited at 21 million coins, Dogecoin has no maximum, which results in constant dilution of the value of coins. Dogecoin is used primarily for tipping and payments, and does not have advanced smart contract-like functionality which limits its utility compared to other blockchains with broader applications

Moreover, increasing interest by investors in more serious, high-utility cryptocurrencies, based on future AI models, are shifting many to bigger potential assets outside of meme coins. Even in the face of another potential bull market, Dogecoin’s price growth faces tough constraints from macro market dynamics, rendering its current $15 valuation upside over the next 24 months practically impossible.

• XRP’s price prediction is focused on a potential surge to $8, but it must navigate key resistance levels.
• The intermediate target for XRP is set at $5.85, with $3 being a critical resistance point.
• Recent market volatility saw XRP drop 6.44%, reflecting broader market challenges.
• Uncertainty is heightened due to an ongoing SEC appeal regarding Ripple, with price predictions ranging widely.
• SEC Commissioner Hester Peirce has recognized past regulatory issues, advocating for improved cryptocurrency oversight.
• Successful navigation of market challenges could present new trading opportunities for investors.

XRP is making waves in the crypto world, with one analyst suggesting it could skyrocket to $8! Dark Defender, a well-known crypto strategist, utilized Elliott Wave analysis to predict this dramatic price surge. He pointed out that XRP must first tackle a crucial resistance point at $3, with an intermediate target of $5.85 standing in its way.

However, the current market has been shaky. On February 4, 2025, XRP plummeted 6.44%, closing at $2.5283 amid broader market dips of 3.90%. What’s causing the jitters? Much of the anxiety stems from an ongoing SEC appeal concerning Ripple, with possible price outcomes ranging between below $1.50 and above $3.55 during this turbulent time.

In a bid for more clarity, SEC Commissioner Hester Peirce acknowledged the agency’s past regulatory missteps. Her focus on creating a cohesive, patient approach to cryptocurrency oversight has sparked hope for a more stable trading environment. Ripple’s Chief Legal Officer lauded her consistent push for balanced regulation as crucial for the industry’s growth.

Moving forward, all eyes will be on XRP as it tests the $3 resistance. If it breaks through, the path to $5.85—and potentially $8—could become a reality. Traders and investors, keep a close watch on market developments, as this could be the opportunity you’ve been waiting for!

Will XRP Break Through Resistance and Reach New Highs? Discover What You Need to Know!

The Current State of XRP and Market Factors

XRP is currently navigating a volatile market as traders speculate on its future trajectory. Following a notable decline of 6.44% on February 4, 2025, where it closed at $2.5283, the cryptocurrency faces significant hurdles. The primary driver of current volatility is the ongoing appeal involving Ripple Labs and the SEC, which could have profound implications for XRP’s future price.

# Key Insights and Predictions
1. Resistance Levels: The immediate resistance level is at $3, with strategic investors keeping a close watch for a breakthrough. If XRP manages to surpass this level, analysts suggest it could pave the way to intermediate targets of $5.85, further increasing the potential for reaching $8.

2. Market Conditions: The broader market’s performance has been influenced by regulatory uncertainties and economic shifts. The SEC’s ongoing actions impact investor sentiment significantly, with predictions varying widely—from potential lows below $1.50 to highs above $3.55 during this turbulent phase.

3. Regulatory Landscape: Recent comments from SEC Commissioner Hester Peirce highlight a movement towards more balanced and sustainable regulatory frameworks for cryptocurrencies. This could create a more favorable environment for XRP and similar assets in the longer term.

FAQs About XRP and Its Future

Q1: What factors could impact XRP’s price in the near future?
A1: XRP’s price is influenced by several factors, including regulatory decisions from the SEC regarding Ripple Labs, market sentiment driven by economic events, and technological developments within the XRP ecosystem.

Q2: How does the Elliott Wave analysis work for XRP forecasting?
A2: Elliott Wave analysis is a technical analysis method that predicts future price movements based on historical price patterns. In XRP’s case, analysts use this method to determine potential price targets based on previous highs and trends.

Q3: What is the significance of the $3 resistance level for XRP?
A3: The $3 resistance level serves as a crucial psychological barrier and technical hurdle. If XRP successfully breaks through this level, it indicates strong bullish momentum, which could catalyze further price increases, making the $5.85 target more attainable.

Conclusion

XRP’s price dynamics are deeply entwined with regulatory developments and market conditions. Investors should remain informed and vigilant, as a breakout above the $3 resistance level could signal significant upward potential. An increased focus on balanced regulation may also provide the stability necessary for long-term growth in the crypto market.

For more information on XRP and market trends, visit Ripple’s official page.

The cryptocurrency market has displayed increased uncertainty over the last few days, indicating an increase in the buying-and-selling pressure in the crypto market. With this, the memecoin market has recorded the highest price action with major tokens displaying a constant volatility.

With this, investors are curious with questions like is this a good time to invest in Dogecoin? Moreover, investors are concerned about another potential crypto crash this week! In this article, we have uncovered the market sentiments and possible short-term Dogecoin price analysis.

DOGE Meme Coin Holds Its Important Support Of $0.265!

The price of Dogecoin has dropped ~1% in 24 hours with a trading volume of $2.886 billion, a change of -53.36%. Moreover, it has lost 18.24% over th elast seven days and 30.81% in 30 days. With a market cap of $39.63 billion, it has secured the 08th position in the market.

The Moving Average Convergence Divergence (MACD) records a constant decline in the red histogram with its averages recording a similar price action in the daily time frame. This highlights an increase in the selling-over-buying pressure for the largest memecoin in the market.

On the other hand, the SMA indicator continues acting as a resistance to the Dogecoin price chart, suggesting that the meme coin may continue losing value in the upcoming time.

Will DOGE Price Ever Recover?

Maintaining the price above its support level could set the stage for this memecoin to retest its immediate resistance level of $0.325. Furthermore, if the bullish sentiment sustains, the price of DOGE token could head toward its upper resistance level of $0.385.

On the contrary, if the bears outrun the bulls, the Dogecoin price could breakdown its important support level of $0.265. Moreover, if the bearish sentiment intensifies, this could result in it plunging toward its crucial support level of $0.20750 in the coming time.

Planning on investing in the largest meme coin before the memecoin mania kickstarts? Read our latest Dogecoin Price Prediction today!

FAQs

XRP, the third largest crypto by market cap, has gained tremendous attention lately for numerous reasons, including the possibility of the launch of XRP Spot ETFs in 2025. Notably, in the last one year, the XRP market has showcased an impressive growth of 395%.

A recent revelation by Ryan Rasmussen, the head of research at Bitwise Invest, indicates that top institutional players are closely watching developments related to the XRP market.

Wealth Management Teams Want XRP, BTC and ETH in Client Portfolios

Rasmussen revealed that a prominent wealth management team is interested in allocating XRP in their clients’ portfolios. Emphasising this team’s extreme confidence in the future of top cryptos, he noted that the team personally holds Bitcoin, Ethereum, Solana, XRP and many more.

SEC’s Approval of Bitcoin and Ethereum ETFs Boost Industrial Adoption 

2024 was an excellent year for the crypto industry, especially for Bitcoin and Ethereum. In the last one year, BTC and ETH have surged by at least 129.5% and 18.9%, respectively. 

The SEC’s BTC Spot ETF approval and its ETH Spot ETF approval were the two significant developments witnessed last year. These developments influenced the entire crypto industry, as they paved the way for the entry of more institutional players into the sector. The total market cap of the cryptocurrency sector experienced an impressive growth of 98.13% in 2024.

Interestingly, bettors at Polymarket suggest that there is an 80% probability that an XRP Spot ETF will be approved in 2025.  

Experts believe that if the SEC gives approval for XRP Spot ETFs, it will not only benefit the XRP market, but also the entire crypto market. 

Compliance Hurdles Still Exist for Wealth Firms 

Expressing the uncertainty around whether wealth management firms will use XRP Spot ETF products this year, Rasmussen pointed out that even though Bitcoin Spot ETFs were approved in early 2024, many prominent wealth management firms have not yet approved these products for client portfolios.

XRP’s Future: A Quick Analysis 

Several prominent institutional players have expressed their interest in launching XRP Spot ETFs. The US Securities and Exchange Commission is currently considering numerous applications seeking approval for XRP Spot ETFs. 

Reports suggest that CME Group is planning to launch XRP futures contracts. 

XRP’s growing institutional interest signals a promising future, especially with potential ETF approvals and CME’s plans for futures contracts. While compliance hurdles still exist for wealth management firms, the increasing demand for XRP, Bitcoin and Etheruem in client portfolios highlights crypto’s expanding role in traditional finance. If the SEC approves XRP Spot ETFs, it could significantly boost adoption, benefiting both XRP and the broader crypto market.  

The XRP market continues to be trapped within an overall larger sideways range. Recently, the market experienced a sharp decline, but the price only dropped from the top of the range at $3.40 down to the $1.96 level, which has acted as a key structural support. 

The $1.96 level, in particular, has been tested multiple times since early December 2024 and has shown resilience. Although the price momentarily dropped below this level, it quickly rebounded, signaling strong buying interest. This suggests the $1.96-$2.40 range remains a crucial area to watch.

Looking further into the chart, the analysts identify two main ranges: the wider range, which extends down to the $1.20 support area, and a narrower range between $1.96 and $3.40. The larger $1.20-$3.40 range is important to understand, as it serves as the foundation for long-term price behavior.

Potential for Price Pullback: 

As of now, XRP appears to be in the midst of a pullback, with the price possibly facing a corrective phase. The rally from Monday’s low seems to be corrective in nature, meaning there’s a risk that it could reverse and lead to further downside. For confirmation of a more significant pullback, we would need to see the price break below the previous swing low at $2.48. If this happens, the $1.20 support zone will become more relevant for those tracking the long-term trend.

Is XRP Stuck in a Range? 

The XRP market is currently consolidating within a defined trading range. While it’s impossible to predict how long this range will last, the market is likely to remain within this range for some time. The price is currently down by more than 7 percent and is retesting the levels below $2.55.

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Ethereum price (ETHUSD) returns to fluctuate at 3222.00$ level, waiting to break this level to confirm extend the correctional bearish wave and open the way to visit 3017.30$ as a next negative target.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 3425.50$ will stop the bearish wave and push the price to start recovery attempts on the intraday and short term basis.

The expected trading range for today is between 3120.00$ support and 3380.00$ resistance.

Trend forecast: Bearish