A well-known crypto analyst is suggesting that Dogecoin could skyrocket to $18 if things really take off. Sounds like boy astronomy, but let’s see what’s the deal.
Fly high, crash hard
Memecoins are feeling the heat, after a rough ride on Monday, Dogecoin, Shiba Inu, and their memecoin buddies are still struggling to recover from a major market shake-up.
Third of Toncoin holders are in red
Toncoin is in trouble as the market swings have hit profitability hard. With 35% of wallets now showing a loss, it’s clear that the volatility is taking its toll.
’Pay me in Bitcoin’
A new study from Clarify Capital has revealed that 30% of American workers are open to receiving their salaries in cryptocurrency.
Floki debit card is coming to Europe
Floki is making some noise in the crypto community with the launch of its new FLOKI Debit Card, designed to make spending cryptocurrency easy.
Peter Schiff calls Bitcoin a ‘national security threat’ to the U.S.
Is Bitcoin a risk to U.S. national security? According to Peter Schiff, the head of Euro Pacific Funds, it definitely is.
Binance prepares for Magic Eden listing?
Magic Eden gears up for a potential launch, and Binance seems to be getting in on the action.
XRP Analysis
XRP’s recent pullback to $2.17, reflecting a 20% weekly decline, underscores the critical influence of the ongoing SEC lawsuit on its price dynamics.
A favorable resolution could serve as a significant catalyst for price elevation.
From a technical standpoint, XRP has exhibited bullish momentum by surpassing key resistance levels, including a breakout above the Ichimoku Cloud.
Patterns such as the cup-and-handle formation and bullish divergences point to a potential continued upward trajectory, as highlighted by market analysts.
Ripple’s introduction of RLUSD, a stablecoin on the XRP Ledger, could further strengthen XRP’s utility and liquidity.
By increasing transaction volumes and demand for XRP, RLUSD may play a pivotal role in supporting price growth. Additionally, Ripple’s ongoing adoption for cross-border payments continues to bolster market sentiment.
Looking ahead to 2025, XRP’s price projections range broadly, with an average forecast between $1.8 and $8.4, and some optimistic scenarios suggesting peaks above $10.
This outlook hinges on increased adoption and a resolution to regulatory hurdles. RLUSD’s adoption as a key transaction tool could further solidify XRP’s role in the financial ecosystem.
That said, broader crypto market trends, particularly Bitcoin’s performance, remain significant factors influencing XRP’s price trajectory
Ryan Lee, Chief Analyst at Bitget Research
