Dogecoin Price To $3 And XRP Price To $5? Analyst Says It’s ‘A Matter Of Time’
The post Dogecoin Price To $3 And XRP Price To $5? Analyst Says It’s ‘A Matter Of Time’ appeared on BitcoinEthereumNews.com.
The cryptocurrency market is no stranger to bullish predictions, particularly given the current positive market sentiment. According to a crypto market participant who goes by the name Scofield (@Crypto_Scofield) on social media platform X, there are a few altcoins with bullish potential in the coming weeks and month. In his recent post, Scofield shared a list of price targets for various cryptocurrencies, including well-known tokens such as Dogecoin and XRP. Among the notable predictions, he suggested that Dogecoin could reach $3, while XRP could hit $5, describing these price levels as “a matter of time.” Price Predictions To Stir Crypto Investors Although the post in which this analyst highlighted these bullish price targets did not come with a technical analysis and potential timelines, it nonetheless plays into the current bullish sentiment surrounding these cryptocurrencies. XRP, for instance, has been undergoing ultra-bullish inflows and buying pressure from crypto traders, which has caused its price to be trading at its highest point in over three years. At the time of writing, XRP is trading at $1.93, which is its highest level since 2018. This impressive rally has reignited interest in the token and its only a matter of time before the XRP price surpasses the critical $2 threshold. The XRP price is already up by 270% in the past 30 days, and reaching the predicted $5 mark would translate to a further 160% increase at this point. DOGE is currently trading at $0.42. Chart: TradingView Scofield’s assertion that the XRP price could surge to $5 aligns with the bullish sentiment that has surrounded the token since the US presidential elections. Additionally, the expected change in SEC leadership has also sent the XRP price surging more than many would’ve expected. However, reaching $5 would require the XRP price to overcome its current all-time…
Filed under: News - @ December 1, 2024 5:31 am