On Twitter (X) Altcoin Sherpa and Captain Faibik predicted that DOGE and XRP prices would see additional gains in the short term. Both coins are preparing for special news that will attract the attention of investors.
DOGE price prepares for a new rally with Elon Musk influence
Dogecoin (DOGE) led the week’s earnings in anticipation of it being integrated into Elon Musk’s new super app X. The crypto analyst, nicknamed Altcoin Sherpa, predicts that DOGE will rise approximately 20% from its current level of $0.077 based on current indicators.
Sherpa notes that DOGE is one of the few altcoins that “seems pretty strong overall.” Also, he says his first short-term target is in the $0.90 region. This level represents a local peak on the DOGE chart extending to 2022.
$DOGE: One of the few alts that looks pretty strong overall. I don't know which levels will be significant to the left, wouldn't be surprised to see this continue grinding as high as .09s in the short term. #DOGE pic.twitter.com/35CBBI7yE4
— Altcoin Sherpa (@AltcoinSherpa) July 25, 2023
The analyst stated that he closely followed the DOGE chart for a possible buying opportunity. It points to the 200-day EMA at $0.075 as the next important support/resistance level.
Earlier this week, the DOGE price skyrocketed by over 10% after Elon Musk rebranded Twitter as “X”. As we quoted as Kriptokoin.com, some experts have declared a potential integration. Dogecoin is currently trading at $0.078 on a weekly scale, where it remains in the green 8% independent of the market overall.
Captain Faibik releases bold price predictions for XRP
Another bull-waiting analyst, Captain Faibik, predicted that the XRP price would climb into the $25-30 region. Their technical analysis draws a bullish outlook, predicting that XRP price could reach $26.57.
Recently, some members of the crypto community were skeptical of Faibik’s predictions. They pointed out that such a volatility would push the market cap into the trillion-dollar region. They suggested a more restrained view of $5 to $8 as a suitable price range, a target price that other analysts have also pointed out.
I Believe $XRP could Potentially Reach $25-30 in the next Bull run.
However, it's Essential to Remember that We are Currently in Accumulation Phase, so Don't FOMO into it.
Keep Accumulating gradually & Hold with Patience, Bull run is just a Matter of time.#Crypto #XRP #Ripple pic.twitter.com/0gblaX4aTT
— Captain Faibik (@CryptoFaibik) July 27, 2023
Captain Faibik’s predictions are based on a partial Ripple victory of July 13. Following this win, products focused on XRP are up 33% in listings, according to CCData’s latest report. It saw an increase of 2. XRP under the management of institutions reached $ 65.7 million. Another bullish catalyst for the XRP price is new partnerships signed in Japan.
SBI VC Trade agrees with Ripple
In a recent webinar, SBI VC Trade, the cryptocurrency exchange arm of Japan’s financial giant SBI Group, announced its plans for Ripple’s On-Demand Liquidity (ODL) product in Japan. The company plans to use XRP for cross-border payments. This development further strengthens the relationship between Ripple and SBI Group, which are working together to leverage XRP, XRPL and ODL for remittances in Japan.
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