Will XRP Price Explode 1500% If It Repeats 2017’s Rally?
$XRP price recently faced a sharp pullback after a strong rally pushed it from $0.50 to a multi-year high of $3.40. The Ripple has since dropped nearly 25%, showing increased volatility, and is currently hovering around $2.5. Analysts speculate that if XRP mirrors its 2017 surge, it could skyrocket by 1,500%. Despite recent weakness, bullish investors remain hopeful for another major breakout.
Is $XRP Price Set for a 1500% Explosion Like in 2017?
XRP price action draws attention as analysts point to historical patterns hinting at a potential 1,500% rally. A key technical indicator, the bull market support band, suggests the cryptocurrency could be setting up for a breakout similar to its explosive run in 2017.
According to market analysts, XRP recently touched a critical support zone known as the purple foundation while maintaining a position above the BMSB. This setup mirrored the 2017 cycle when XRP dipped to this level before surging 1,500% in just four weeks, reaching Fibonacci 1.618.
At the time, XRP was trading around $3.40 before revisiting the BMSB. The historical move saw an extraordinary breakout that propelled prices to record highs. Analysts now speculate that if the current trend replicates the past cycle, XRP could experience a similar trajectory.
Currently, the measurement for this potential rally starts at $1.71. If history repeats, the price could skyrocket toward the $27 mark, aligning with Fibonacci 1.618. While technical patterns offer compelling insights, traders remain cautious as market conditions and external factors also play a crucial role in price movements.
XRP Price May Surge as Spot ETF Speculation
The Ripple price may surge as speculation intensifies over a potential spot XRP ETF. The probability of approval remains high, fueling institutional interest in the asset. Previous spot ETFs for Bitcoin and Ethereum have strengthened investor confidence in cryptocurrencies, paving the way for XRP.
If the SEC grants approval, XRP’s valuation could rise significantly. Over the past year, the cryptocurrency has surged 350%, attracting retail and institutional investors. Additionally, if Bitcoin rallies past $100,000 in a bullish market, $XRP could experience further gains.
Can Ripple Price Recover to $3 Soon?
As of Thursday, the price of XRP is trading at $2.28, marking a 1.20% decline in the past 24 hours. The Ripple faces resistance at $3.00 and $3.50, while support is observed at $2.00 and $1.50.
The Relative Strength Index (RSI) is 35, indicating that XRP is nearing oversold territory. Chaikin Money Flow (CMF) stands at 0.05, suggesting weak capital inflows. If XRP fails to hold above $2.00, it could test the next support level at $1.50.
If bullish momentum builds, a push above $2.50 could lead to a rally toward $3.00. However, breaking this resistance may lead the XRP price prediction to $3.5, nearing ATH.
$XRP Price Chart: TradingView
To sum up, If $XRP price mirrors its 2017 rally, a 1,500% surge remains possible. However, market conditions and external factors will determine its actual trajectory. Investors watch key resistance and support levels closely.
Dogecoin (DOGE) Price Poised to Drop Below $0.3, Could Trigger a 30% Drop
Dogecoin price has shown sharp strength in the past few years after hitting rock bottom levels during the bear market. Bears have struggled to cap the rally every time the price tried to establish a strong uptrend. As a result, DOGE price has been consolidated below $0.1 for a long time. However, after the latest rally, a new ATH seemed imminent, but the current trading setup suggests that a 20% pullback is quickly approaching.
DOGE Price Follows PEPE's Footsteps
After Dogecoin and Shiba Inu, Pepe has managed to attract huge attention and become the third-largest memecoin by market cap in a very short time. Since then, PEPE price has been showing progressive moves. Meanwhile, the pattern that Dogecoin has been following in the past few months has been repeated by PEPE. This hints at a likely pullback if the upper memecoin closely replicates the PEPE price rally.
The charts above show a comparison between both price patterns, which suggests that the DOGE price is closely tracking the PEPE price, which has been consolidating around the ATH for some time. Meanwhile, the price failed to defend the support near $0.000017, which resulted in a 30% pullback, hitting a local bottom near $0.0000114. Currently, the DOGE price has reached local support, and if the bulls fail to initiate a bounce, it could face a 20% pullback.
What's Next for the Dogecoin (DOGE) Price Rally?
After the latest pullback, the Dogecoin price has fallen below the ascending trendline, which acted as a strong support. Moreover, the price is unable to regain the lost levels, which could raise concerns about the next price action. Therefore, the DOGE price looks set to lose the support at $0.3 very soon.
As can be seen in the chart above, the DOGE price is facing increased upward pressure that may drag the levels towards the support zone between $0.29 and $0.309. Since the RSI is decremental and below the descending trendline, bearish targets have been triggered for the price. Therefore, the DOGE price is expected to fall below $0.3 and reach $0.246 at 0.382 FIB. This may happen when the RSI may reach the lower threshold. If the levels trigger a rebound, the Dogecoin price may bounce back and rise above $0.3 again, otherwise, a drop to $0.2 may be inevitable.
$DOGE
Market analysis hints at XRP and Solana price dip, Dogizen could be a safe haven
XRP has fallen below $2.50 while Solana has dipped under $200.
Dogizen’s DOGIZ token currently costs $0.000086 after six presale stage gains.
Dogizen offers stability amid XRP and Solana’s price volatility.
XRP and Solana (SOL) are navigating through turbulent waters, with both assets experiencing significant price drops. With market sentiment pointing at further potential downturns, investors are looking for safer havens.
Dogizen, a newcomer in the crypto space, is presenting itself as a potentially stable investment avenue, particularly with its unique proposition as the first Telegram ICO.
XRP price falls below $2.5
After hitting a high of $3.38 on January 16, 2025, just a few cents shy from its all-time high of $3.40, which it hit on January 7, 2018, XRP has seen a sharp decline over the past two weeks. Its price has fallen by 26% in the past two weeks, positioning it below $2.50.
The Relative Strength Index (RSI) for XRP sits at 43.12, suggesting a balanced market where neither buyers nor sellers are in clear control.
The nearest resistance level is at $2.5698 with a support at $2.3282. Investors are closely watching these levels since a surge above $2.5698 could result in a new ATH, while a fall below the $2.3282 support could lead to further declines.
Solana (SOL) drops below $200
Similarly, Solana’s price is also grappling sharp price drop, having decreased by 26% over the last two weeks and 9.28% over the past month to trade at $198.98 at press time.
The RSI at 41.42 places Solana in a neutral zone, suggesting that the market is neither overbought nor oversold, thus providing potential for significant price movement in either direction.
With resistance at $218 and support at $194, Solana’s trajectory could go either way. Breaking above resistance would signal a bullish trend, potentially yielding a 13% increase, but a slip below support could see Solana dip to $185.
Dogizen offers a compelling alternative to investors
In contrast to the rollercoaster ride of XRP and Solana, Dogizen emerges with a different narrative. With the presale of its DOGIZ token nearing its end on February 7th, 2025, Dogizen has already raised $4,028,605 out of a $4,760,000 goal, showing significant investor interest.
The DOGIZ token is currently going for $0.000089 after steady increments with each presale stage. In the next presale stage, the token’s price is expected to jump to $0.000094.
Positioned as the first Initial Coin Offering (ICO) on Telegram, Dogizen leverages the platform’s vast user base to redefine gaming and crypto interaction. With over 1 million users already engaged, the project’s foundation is built on community involvement and innovative gaming solutions.
Dogizen’s roadmap focuses on expanding its gaming ecosystem, which could offer stability in contrast to the more volatile trends seen in XRP and Solana. The project’s tokenomics are designed with a community-centric approach, allocating 40% of its total supply to its community, which could foster a more stable token price through shared incentives.
While XRP and Solana face immediate pressures from market corrections, Dogizen’s structured growth plan and community engagement might provide a safer investment environment. It’s not immune to market volatility, but its unique position in the Telegram ecosystem and its focus on gaming could make it a compelling alternative for those looking to diversify away from traditional crypto assets showing signs of bearish trends.
With market analysts predicting further dips for established cryptocurrencies like XRP and Solana, Dogizen stands out by offering a blend of innovation, community, and a new platform for growth in the Telegram environment.
Whether it will prove to be a ‘safe-haven’ remains to be seen, but for investors wary of current market dynamics, Dogizen presents an intriguing option to consider.
![Smart-Scalper-Pro](https://qrc.bgstatic.com/otc/images/20250121/1737468507851.png)
Bitcoin next level
If you're referring to a *Bitcoin buy trend target of $106,000*, this would likely be a speculative or long-term price target based on technical analysis, market trends, or macroeconomic factors. Here's a breakdown of what this could mean:
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### 1. *Technical Analysis Perspective*
- *Trendlines and Support/Resistance*: If Bitcoin is in an upward trend, analysts might project future price targets based on historical patterns, Fibonacci extensions, or moving averages.
- *Previous All-Time High (ATH)*: Bitcoin's ATH as of October 2023 is around $69,000 (set in November 2021). A target of $106,000 would represent a significant breakout and a new ATH.
- *Key Levels*: To reach $106,000, Bitcoin would need to break through major resistance levels, such as $70,000, $80,000, and $100,000.
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### 2. *Fundamental Analysis Perspective*
- *Adoption and Institutional Interest*: Increased adoption by institutions, governments, or corporations could drive demand and push Bitcoin toward $106,000.
- *Halving Events*: Bitcoin's next halving is expected in 2024. Historically, halving events (which reduce the supply of new Bitcoin) have led to significant price increases in the following months or years.
- *Macroeconomic Factors*: Factors like inflation, currency devaluation, or geopolitical instability could drive investors toward Bitcoin as a store of value.
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### 3. *Market Sentiment*
- *Bullish Sentiment*: A target of $106,000 would require sustained bullish sentiment, with retail and institutional investors continuing to buy and hold Bitcoin.
- *FOMO (Fear of Missing Out)*: As Bitcoin approaches new highs, FOMO could drive more investors into the market, accelerating the price rise.
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### 4. *Risks and Considerations*
- *Volatility*: Bitcoin is highly volatile, and reaching $106,000 is not guaranteed. Prices could drop significantly before achieving such a target.
- *Regulatory Risks*: Changes in regulations could impact Bitcoin's price trajectory.
- *Market Cycles*: Bitcoin operates in cycles, and a target of $106,000 would likely take time (possibly years) to achieve.
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### 5. *How to Approach This Target*
- *Dollar-Cost Averaging (DCA)*: Consider investing small amounts regularly to reduce the impact of volatility.
- *Risk Management*: Only invest what you can afford to lose, and consider diversifying your portfolio.
- *Stay Informed*: Keep up with market trends, news, and analysis to make informed decisions.
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If you're considering investing in Bitcoin with a long-term target of $106,000, it's essential to do thorough research and consult with a financial advisor if needed. Let me know if you'd like more specific analysis or resources!