Ripple’s XRP token and Dogecoin (DOGE) have seen some movement in the market this week, with XRP trading near $0.61 and DOGE near $0.075. Both coins saw a dip as news of the former Binance CEO’s departure spread, but they could be in for a price spike in the near future.
Crypto analyst Ali believes XRP could break out from a descending parallel channel, pushing the price up to $0.65 – $0.66. This is supported by the fact that XRP has not been listed as a security by the SEC, and a settlement could be reached in April next year.
For DOGE, Ali looks at a recent surge in transactions over $100,000 as a sign that institutional players and whales are interested. With a 24-hour trading volume of nearly $452 million, DOGE could break the psychological barrier of $0.1 going into next year. This would be a significant gain from the current 5.5% yearly losses, and reclaim the all-time high of $0.73 reached in May 2021.
XRP and DOGE could be in for a price spike in the coming months, with the potential of a settlement with the SEC and increased institutional interest.