The post Analysts Reveal Why Ripple (XRP) and Dogecoin (DOGE) Are Falling Out of Favor as 100x Potential Cryptos Lead the Way appeared on BitcoinEthereumNews.com.

Ripple XRP and Dogecoin are facing significant selling pressure this week. Both tokens are failing to recapture investor interest amid the turbulent market climate. As the Q4 bull market gets closer, traders are now betting on Rollblock’s GambleFi protocol to emerge as the leading DeFi token by the end of 2024.  XRP to Experience a Price Crash Soon XRP has been on a downtrend for a while now, and to make things worse, the SEC decided to appeal the court’s decision about XRP not being a security. Now that XRP and the SEC are battling in the courtroom again, investors are beginning to rotate capital due to fear of more losses.  XRP is currently trading for $0.5272 after a 2.35% intraday decrease. If XRP’s technical indicators like the Momentum Indicator and MACD level don’t turn bullish soon, XRP could become a ghost of the past after recording massive losses in Q4.  Dogecoin (DOGE) to Fall to $0.1 Soon Dogecoin’s daily chart shows a range-bound structure which typically indicates a steep downfall before a potential trend reversal. Dogecoin’s nearest support is at $0.1, and analysts are expecting Dogecoin to hit this level within the next few weeks. Despite this bearish outlook, Dogecoin’s large transactions have surged from 124 to 296 in the last 24 hours, hinting at more price volatility ahead. Dogecoin is currently trading for $0.1065 after a significant intra-day decrease of 4.82%. Dogecoin’s volume has also increased by 2.34% over the last 24 hours, suggesting that some traders are buying the dip. Since Dogecoin’s daily chart is flashing strong sell signals right now, analysts believe Dogecoin is unlikely to make a recovery before November. Rollblock (RBLK) Poised for 100x Rally on Launch Day in Q4 Rollblock’s crypto-native casino has been making headlines ever since its presale launch. Within a…

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Filed under: News - @ October 12, 2024 2:12 am