Ripple XRP has long been showing signs of impending price action, a bullish price path that the token is yet to break into. Despite Ripple’s stellar collaboration and partnership spree, the token has yet to project a bullish momentum. However, the sluggish price pace of XRP is yet to spread dismay within the ripple community, which is adamant about XRP claiming a new ATH very soon.
Egrag Crypto, a notable crypto analyst is back with another positive price prediction for XRP. The analyst pointed out a new development on X, adding that XRP is showing signs of mild consolidation, which is organic for its growth. While discussing the XRP chart at length, the expert stressed on how XRP’s candle formation is closing on above fib level 0.236, dubbing it a natural consolidation.
“With all the saga in the last couple of weeks, the monthly time frame candle formation is closing above Fib 0.236. This is simply a natural consolidation! 📈.”
He later emphasized a critical fib level point, a threshold that can help XRP claim new highs. Per the analyst, XRP will need to target the fib 0.5 level, which can help the token gain momentum and later help it breach the fib 1.618 level. This level, once crossed, can tremendously help XRP trade beyond the $6 level.
“Next target:🎯 Fib 0.5! Flip it with conviction, and then we fly to Fib 1.618 ($6.4)! 🌠#XRPArmy, STAY STEADY! Our time will come, and it will be as bright as Sirius! 🌌📝 N.B: Sirius is the brightest star in the night sky.”
The chart uploaded by Egrag Crypto displays XRP achieving the aforementioned price target by the year 2025.
With all the saga in the last couple of weeks, the monthly time frame candle formation is closing above Fib 0.236. This is simply a natural consolidation! 📈
With such bullish predictions floating around, the price of Ripple is yet to receive intense traction and price ascents. Per CoinCodex, the token may spike by 20% in July, to trade at a price level of $0.57
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.72% and reach $ 0.577493 by July 31, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 53 (Neutral). XRP recorded 13/30 (43%) green days with 3.47% price volatility over the last 30 days.”
The portal predicts XRP to hit $1 by the end of the current year.
“XRP is forecasted to trade within a range of $ 0.301398 and $ 1.486503. If it reaches the upper price target, XRP could increase by 210.30% and reach $ 1.486503.”
According to Coinpedia, XRP’s 2025 price target will somewhere be around $3.
“With the remittances market growing every year, XRP is set to capitalize its gains in the cross-border payments market…XRP price prediction for 2025 sets the high at $3.38 and creates a new all-time high. However, in case of a global crisis, the XRP price might rest at $2.47, making an average of $2.925.”
Dogecoin (DOGE) is gaining momentum after a prolonged period of decline. The meme coin’s recent strides suggest a possible shift towards bullish territory.
Given this development, market participants are optimistic about a significant price gain for Dogecoin in the coming days. Many experts have predicted a substantial surge in DOGE.
Among these, Ali Martinez shared an ambitious target for DOGE, noting the coin might be at the brink of a remarkable breakout.
Dogecoin (DOGE) Price Action
After breaking below the $0.174 threshold on May 26, Dogecoin (DOGE) has been under significant bearish pressure. Despite several comeback attempts, DOGE has been unable to overcome this barrier.
The bearish momentum continued, driving the price lower along a downward trendline. On June 18, DOGE found support at $0.11, representing a 35% decline from the previous high.
Over the past few days, DOGE has been consolidating between $0.11 and $0.12. This range-bound trading indicates a period of price stabilization and potential accumulation.
However, today’s chart shows promising signs for DOGE. The daily timeframe displays rising green candles, suggesting increased buying activity and a gradual return of buyers to the market.
However, traders should remain cautious and watch for sustained buying pressure. A breakthrough above the $0.14 level could strengthen the case for a more significant rebound.
DOGE trades for $0.125, representing a 3% increase over the last 24 hours. Moreover, its trading volume sits at $406 million, up more than 28% in the past day.
Seeing that the price is increasing simultaneously with the trading volume shows buyers are gradually entering the market.
Analyst Forecasts Potential Rebound Based on Technical Indicator
Several crypto analysts are bullish on Dogecoin’s price. On June 30, Ali Martinez, a well-known crypto analyst, predicted a significant surge for DOGE. The analyst claims a vital tool, the TD Sequential indicator, shows a strong buy signal for Dogecoin in the three-day timeframe.
Based on technical tools, Martinez predicts Dogecoin could rebound soon.
“The TD Sequential presents a buy signal on the Dogecoin 3-day chart, predicting a rebound of one to four candlesticks for $DOGE,” says Martinez.
For context, the TD Sequential indicator helps predict price changes in cryptocurrencies. It shows when to buy or sell based on patterns.
Can DOGE Reach $0.73 Again in the Second Half of 2024?
Some analysts believe DOGE could reach its previous all-time highs in 2024. Javon Marks, a crypto analyst on X, shared yesterday’s ambitious prediction on the X platform. He forecasts a 404% increase for Dogecoin, potentially reaching its previous peak price.
$DOGE (Dogecoin) and its next leg up towards the current breakout target @ $0.6533 may be a matter of time and prices could be preparing here for a break above!
This bold projection has caught the attention of many investors. Furthermore, another analyst, BigMike, predicts a significant rise in DOGE’s price.
He uses Elliot Wave theory to forecast DOGE reaching around $0.67, up from its current level. Also, BigMike’s analysis suggests the end of a corrective phase for Dogecoin. He believes a strong uptrend may be starting soon.
The analyst identifies Wave 1, showing initial bullish momentum, starting below $0.08 and peaking at $0.219. After this rise, the chart shows a corrective phase with an A-B-C pattern. This pattern is typical in Elliott Wave theory.
BigMike says the correction phase is necessary for setting up the expected bullish Wave 3. The analyst’s prediction indicates a potential 431% increase from Dogecoin’s current price.
DOGE Price Analysis: Signs of Recovery and Potential Bullish Breakout
Meanwhile, Dogecoin (DOGE) is approaching a critical price level, which will determine its next move. DOGE is heading towards the 200-day Simple Moving Average (represented by the red line), which is currently above the market price. A breakthrough above this 200-day SMA could signal strong bullish sentiment.
Notably, the 50-day SMA (yellow line) exceeds the 200-day SMA. This configuration is often called a “golden cross.” It typically indicates a bullish trend and the potential for further price increases.
DOGE’s Relative Strength Index is above 40, neither overbought nor oversold. So, there’s room for potential growth without immediate risk of a pullback. If DOGE successfully breaks above the 200-day SMA, it could trigger increased buying pressure.
This might attract more investors and potentially lead to a sustained upward trend. If DOGE fails to break this resistance, it might face a temporary setback.
In all, DOGE shows promising signs of recovery. The potential break above the 200-day SMA and the golden cross formation suggest possible bullish momentum. However, traders should monitor key levels for confirmation of this trend before executing trades.
Dogecoin Alternative: PlayDoge Presale Surges Past $5 Million with Play-to-Earn Features
PlayDoge ($PLAY) is making waves in the cryptocurrency market with its successful presale. The project has already raised over $5 million, showcasing strong investor interest.
This meme coin combines nostalgia with modern play-to-earn mechanics, attracting crypto enthusiasts and gamers.
PlayDoge: Reviving Virtual Pets in the Crypto Era
PlayDoge brings back memories of ’90s virtual pets like Tamagotchi with a crypto twist. Users care for a pixelated Doge character, ensuring it’s fed, rested, and entertained.
By successfully tending well to their virtual pet, players earn $PLAY tokens as rewards. The game will be available on both Google Play and Apple App Store, making it easily accessible.
This smartphone compatibility allows users to care for their digital companions anytime. Currently, the price of one $PLAY token is $0.00514 but will increase in the next stage. Many crypto experts predict significant growth potential for PlayDoge.
They cite the rising interest in meme coins and the expanding video game market as positive factors.
The staking platform, which allows its users to earn passively for staking their PLAY coins, adds to its features. More than 164 million $PLAY tokens have been staked, indicating investor interest in this project.
Given the significant investor interest, $PLAY could be the next big Play-2-Earn meme coin in 2024. It’s successful presale and innovative concept position it as a potentially promising investment in the meme coin space. Visit the presale website for more information.
Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.
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The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.
The rate of Cardano (ADA) has risen by 4.19% over the last day.
Image by TradingViewOn the daily chart, the price of ADA is about to break the resistance level of $0.4027.
If it happens and the bar closes above it with no long wick, the upward move may continue to the $0.42 zone soon.
ADA is trading at $0.3988 at press time.
BNB/USD
Binance Coin (BNB) is less of a gainer than ADA, going up by 0.44%.
Image by TradingViewDespite today’s slight rise, the rate of BNB has not accumulated enough energy for a further move. Buyers may start thinking about midterm growth only if they get back to the vital zone of $600. Until that happens, sellers’ pressure remains relevant.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
Ripple’s XRP token is following the general market trend of slowly recovering from its June sell-off. XRP has rallied 2% in the last 24 hours and 0.8% over the previous week. The asset continues to glow red in the 14-day and monthly charts, having fallen 3.2% and 7.4%, respectively.
The latest market rebound could be due to investors re-entering spot Bitcoin ETFs. Increased withdrawals from BTC ETFs in June caused a slump in the market as a whole. The latest market recovery may have also been boosted by favorable events surrounding Ethereum, such as the SEC ending its inquiry and the potential for an ETF.
According to the data on CoinCodex, XRP will hit $0.64 on July 5, 2024. The platform does not expect XRP’s price to hold above $0.60 for long as it predicts a correction soon after. According to CoinCodex, the asset’s price will drop to $0.57 by the end of this month, which is about a 20% rally from current levels.
Changelly presents a comparable image of Ripple’s XRP as well. On July 4, 2024, the platform projects that XRP will reach $0.63, but it also expects a swift fall to roughly $0.54.
One of the primary barriers to the price of XRP is the ongoing SEC vs. Ripple suit. The financial regulator is bringing charges against the fintech startup for allegedly selling unregistered securities. XRP may not make any major movements until the lawsuit has concluded.
The price of Bitcoin (BTC) has gone up by 2.07% since yesterday.
Image by TradingViewDespite today’s rise, one should pay attention to the daily bar’s closure. If it happens far from the peak, sellers may again seize the initiative, which can lead to a drop to the $62,000 area.
Bitcoin is trading at $62,739 at press time.
ETH/USD
Ethereum (ETH) has followed the rise of BTC, growing by 1.93%.
Image by TradingViewFrom the technical point of view, Ethereum (ETH) is trading similarly to BTC. If the daily bar closes around the current prices, sideways trading in the narrow range of $3,450-$3,500 is the more likely scenario.
Ethereum is trading at $3,466 at press time.
XRP/USD
XRP is not an exception to the rule, going up by 1.69%.
Image by TradingViewOn the daily time frame, one should focus on the nearest vital zone of $0.4850.
If the candle closes near it, traders may witness an upward move to the $0.49 area soon.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
The price of Bitcoin BTCUSD has gone up by 2.07% since yesterday.Image by TradingView
Despite today’s rise, one should pay attention to the daily bar’s closure. If it happens far from the peak, sellers may again seize the initiative, which can lead to a drop to the $62,000 area.
Ethereum ETHUSD has followed the rise of BTC, growing by 1.93%.Image by TradingView
From the technical point of view, Ethereum ETHUSD is trading similarly to BTC. If the daily bar closes around the current prices, sideways trading in the narrow range of $3,450-$3,500 is the more likely scenario.
Since the beginning of June, DOGE’s price has been on a downtrend, losing more than 21% in value. Though Dogecoin was not performing at its best even before, the current decline has pushed the value way down the average of $0.15 it has maintained for months. During this time, the Dogecoin price went down to $0.1157 before attempting a recovery in the last few days. It has surged more than 6% over the week, out of which a 2% hike today, bringing the value to $0.1247.
With this, the investors are expecting a complete uptrend to recover the ongoing losses. However, they might get even more as a few analysts have predicted of Dogecoin price to surge between the $1-$2 mark in the upcoming days.
Dogecoin Price To Hit $2 With Memecoin Spercycle, Says Kaleo
Kaleo, the popular pseudo-anonymous crypto analyst, has recently predicted the Dogecoin price to surge beyond $1, because of the ongoing Memecoin Supercycle. He began the post by explaining how people have viewed Dogecoin as boring because of its sideways moment for the last nine and half years. But he highlighted that the one-year DOGE price surged, it offered more than 6000% gains, followed by another 30,000%.
Dogecoin has been moving sideways since it created the all-time high of $0.7376 on May 8, 2021, but interestingly, the charts had two similar sideways movements before the all-time high. Each of these took at least 8-9 months after Bitcoin halving to boom in value, and now, as it has been two months since 2024 halving, a similar rally can be expected for the December-February.
However, he did mention witnessing a pullback to 8-9 cents before seeing an uptrend similar to the February one. Overall, Kaleo has presented his expectation with the dogecoin to turn bullish like the other meme coins. But he has also accepted the long wait to bear before the DOGE price surges to $2.
For those of you who say DOGE is boring – for the most part, you’re right.
It’s spent ~9.5 years of its existence trending sideways or down. The other 1 year? It had one run that pumped ~6000% from the lows and another that pumped more than 30,000%.
What Will Happen If This Prediction Came Out True?
Despite its popularity, Dogecoin has failed to offer profiting value this year, except for its slight surge to $0.2201 in April 2024. It has been the best value it had in 2 and half years, breaking the investor’s expectation of a surge to a new all-time high. If Kaleo’s prediction comes true, the Dogecoin price will turn twice the current ATH target, pushing it to new extremes. As of now, Dogecoin is the 9th top cryptocurrency because of its market capitalization of $18,071,403,749, which comes after multiplying its current price of $0.1247 by its circulating supply of 144,925,186,384 DOGE.
If the DOGE price surged to $1, the market cap would become 144,925,186,384, beating Tether in this list, which comes third on the rankings. The people who would have invested $100 in Dogecoin today, would have around $801 if the price turned $1, getting 8X profits. And, if the price turns $2, DOGE’s market cap will come to around 579,700,745,536, beating the second biggest cryptocurrency in the market, Ethereum. A $100 investment would turn into $1600, offering 16X gains in this meme coin.
Final Thoughts
Dogecoin price does have the potential to rise as high as Kaleo predicts because of Tesla accepting it as payment and rumors of X doing the same. However, it has never happened before, so there are significant doubts.
Additionally, Dogecoin has a huge circulating supply, affecting the price stability. Not to forget, Dogecoin is a meme coin, where trend falls and rise easily, affecting their performance. Even if Dogecoin surged to such a high, it will be short-lasting, like its current ATH peak.
Dogecoin price forecast: The price of DOGE spiked by 4.4% to trade at $0.126 during European business hours on Monday. This increase comes after Bitcoin bounced from a crucial support level and began an uptrend.
An interesting pattern is forming on the Dogecoin chart, hinting at a potential 99% breakout in the coming days.
Dogecoin Price Forecast Hints at a Rally to $0.27
DOGE price has begun moving up recently in line with Bitcoin’s recovery. Dogecoin has been in a falling wedge since the March mini-bull run when it surged to $0.22. However, this multi-month pattern is nearly coming to an end and it promises the chance of a 99% breakout.
The DOGE 14-day relative strength index (RSI) is at 43 and currently headed up. If it breaks above the midpoint level, the DOGE bullish momentum may increase, propagating further upside movement to $0.27.
The recent Dogecoin price run-up has brought it near the 50-day and 200-day simple moving averages (SMA) but it is still trending below them. Consequently, these two indicators provide some resistance for the asset’s price around $0.139 (50-day SMA) and $0.131 (200-day SMA). If the DOGE price managed to break above them, the meme coin may break from the falling wedge and break the yearly high of $0.22
On the flip side, the price of DOGE is hovering at the 0.786 Fibonacci retracement level. The DOGE price action has tested this zone three times in the past four months, making it a robust support level. A bounce from this level could catapult the Dogecoin price to the 0.27 Fibonacci extension level around $0.27.
Dogecoin’s 24-hour trading volume recently spiked 43%, according to
CoinGecko data, indicating a recent rise in market activity.
Will DOGE Reclaim $0.73 in H2 2024?
Crypto enthusiasts and traders seem to believe the DOGE price can reclaim previous all-time highs in 2024.
Javon Marks, a crypto analyst on X (formerly Twitter), posted his Dogecoin prediction, calling for a 404% run to reach the previous all-time high price.
Doge price has mainly been sustained by Elon Musk’s occasional calls and associations with the digital currency. A couple of months ago, DOGE’s price surged after Tesla officially included it as one of the payment methods.
Consequently, the crypto space has been speculating that SpaceX and X may eventually announce using DOGE as a mode of payment.
Bottom Line
Dogecoin’s price forecast points to an exciting potential for a staggering 2X breakout, signaling robust bullish momentum. This remarkable projection aligns with DOGE’s history of making significant moves and captivating the crypto community.
XRP price surged 1.6% in the last 24 hours to trade at $0.477 during European business hours on Monday. This price increase happens against the backdrop of Ripple CEO Monica Long speculating on a possible XRP ETF soon. On the other hand, Bitcoin price increased by 4.93% over the weekend to trade above $63,300 at press time.
XRP Price Eyes 7% Gain Amid ETF Speculations
XRP price is trending upward today, gaining 0.4% in the last week. The price action on the 4-hour chart broke above the 50-day simple moving average (SMA) but remains below the 200-day SMA. This is a bullish development on the part of the asset, as it shows the market sentiment for XRP is turning green.
The XRP 14-day relative strength index (RSI) is above the midpoint at 56 and is also trending above its moving average (MA). This indicates bullish momentum is building for the asset, which may contribute to driving it to the $0.5 price target.
Despite the positive turn of events on the 50-day SMA, the price of XRP is still trapped in two ranges (orange and blue). The asset has tried to break out of the smaller range (blue) twice before without success. XRP is currently on its third try to break above this range.
If it succeeds in breaking above $0.481, XRP price will rise 7% to hit $0.5, occasionally meeting some resistance points around $0.484, $0.493, and $0.504. On the flip side, XRP may find support around $0.466, with additional lower support around $0.452 and $0.443.
On the other hand, Bitcoin turned positive, finding strong support around the $60,000 level and bouncing off it. Initially, the market was fearful that the king of cryptos may break below this key support and drop lower to $50,000.
Consequently, the Bitcoin Fear & Greed Index has risen from 47 last week to 53 today, an indicator that market participants are becoming more confident in the asset once more. As Bitcoin price rises, it may pull the XRP price up with it
Why is the XRP Price Rising?
Late last week, Ripple President Monica Long, in an interview with The Scoop, speculated on a possible XRP ETF soon. Speaking in an interview on The Scoop, Long said the “XRP ETF will come in a week… or two”
More recently, the Binance-SEC lawsuit has provided some clarity over secondary market sales of digital assets, which is a big part of the state of the Ripple-SEC lawsuit.
Citing Judge Analisa Torres’ ruling on XRP not being a security, Judge Amy Berman Jackson dismissed the SEC’s claim that secondary sales of Binance coin (BNB) qualify as securities.
Bottom Line
XRP shows bullish potential against Bitcoin with a projected 7% gain, likely influenced by growing ETF speculation in the crypto market. This forecast suggests a short-term upside for XRP price, as long as the overall market trends remain constant.
The rate of DOGE has dropped by 0.88% since yesterday.
Image by TradingViewDespite today’s decline, the price of DOGE is trying to return to the local resistance of $0.1233. If that happens, the upward move may lead to a test of the $0.1250 area shortly.
Image by TradingViewOn the bigger time frame, neither side is dominating as the rate is in the middle of the channel between the support of $0.1133 and the resistance of $0.1292.
In this regard, ongoing sideways trading in the zone of $0.12-$0.1250 is the more likely scenario.
Image by TradingViewFrom the midterm point of view, the picture is similar. If the weekly bar closes around the current prices, traders may witness consolidation between $0.1150 and $0.13 for the next days.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
