After massive bloodshed, the market was seen moving up the path of recovery. Most assets were recording gains. Bitcoin [BTC] saw an 8% surge and traded at $55,980 at press time. But altcoins were leading the rally.
Solana [SOL] was on top of the charts with a 20% rise. Assets like Dogecoin [DOGE] and XRP were also pocketing profits. DOGE was priced at $0.099 with an 11.84% increase. XRP, with a 10% gain, was trading at $0.515.
While the recovery is certainly a good start, the real question is if the above cryptocurrencies could maintain this momentum.
Also Read: Dogecoin: Why Is DOGE Price Down Today?
DOGE & XRP Price Forecast
Dogecoin (DOGE) Price Prediction
The meme coin is expected to be in the rough month ahead. According to data from Changelly, Dogecoin will record a downtrend of 7-8% from its current levels. However, crypto analyst CryptoKaleo instilled hope into the market. The analyst said,
“Finally got the break back beneath ten cents. Price is currently hanging around support from the lows we saw last month. Still see there being a decent chance we get one last flush to sub 7 cents from here. After that – no more pain. Just a few months of chop before full send to fulfill the prophecy of $1.00+.”
XRP Price Prediction
XRP’s price has dropped significantly. However, the altcoin increased to more than $0.5 in the region after hitting a low of $0.43. The cryptocurrency market’s volatility has contributed to this decline, which has led analysts to reevaluate their optimistic predictions for the asset.
CrediBULL Crypto, a well-known expert, revealed that XRP might drop as low as $0.4296 before rising to $0.95, a level it hasn’t been since 2021 and couldn’t reach after the crucial decision in July 2023.
Also Read: XRP & ADA Price Prediction After Cryptocurrency Market Crash
This analyst sees the current state of the market as a buying opportunity despite the recent price decline.
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