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Analyst Reveals When The XRP Price Will Hit Double & Triple Digits
Crypto analyst Egrag Crypto has revealed when the XRP price will hit double and triple digits. This provides a bullish outlook for XRP especially amid the recent market crash and its brief drop below the psychological $2 price level.
When The XRP Price Will Hit Double & Triple Digits
In an X post, Egrag Crypto stated that the XRP price will hit double digits in this cycle and triple digits in the next cycle. for triple digits, his accompanying chart showed that XRP could reach as high as $110. Interestingly, crypto analyst Dark Defender also recently predicted that XRP could reach triple digits, although he provided a more bullish outlook for the crypto as he predicted that it could reach $333.
Meanwhile, in another X post, Egrag Crypto suggested that XRP’s recovery could be imminent. While analyzing the weekly Relative Strength Index (RSI), he stated that the crypto simply needs to cross 71.50 and then ‘kaboom,’ indicating a parabolic rally.
He noted that on the 60 level, XRP’s RSI is starting to kick upward. The analyst added that as the crypto builds strength from 60, it could easily climb back above 80. However, he remarked that it first needs to close above 71.50.
Crypto analyst Rose Premium also recently predicted that XRP could soon rally to as high as $3.35. The analyst stated that a bounce from the current support level of $2.12 could drive the crypto’s price towards key targets at $2.32, $2.61, $2.90 and then $3.35.
A Rally To $5 Is Also On The Cards In The Mid Term
Crypto analyst Dark Defender also indicated that an XRP price rally to 45 was also on the cards in the mid-term. This came as he highlighted this price level as one of the targets in his recent analysis.
He noted that XRP has finished the correction on the four-hour time frame. Analyzing the daily chart, he stated that XRP is expected to move towards $2.42 first considering the correction structures. He added that the real momentum will start after XRP stands above Ichimoku clouds.
The analyst highlighted $2.22 and $2.04 as the key support levels to watch out for. Meanwhile, he stated that the targets for XRP at the moment are $4.2932 and $5.8563.
It is worth mentioning that fundamentals such as the XRP ETFs and a potential Ripple SEC settlement provide a bullish outlook for the XRP price. Yesterday, asset manager Franklin Templeton filed the S-1 for its XRP ETF with the US SEC. Meanwhile, Journalist Eleanor Terrett recently reported that the SEC could soon close its case against Ripple.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A Chainlink whale sent shockwaves across the crypto market on Thursday, selling massive amounts despite a price relief. On-chain data indicated that 356,665 coins were sold recently, a converse action to the current market cool-down. In response, traders and investors speculate whether it is possible for LINK price to hit $45 ahead, as the coin is already up 2% in the past 24 hours despite the selloff.
Chainlink Whale Selloff: 356K Token Dump Ignites Caution
According to an X post by Onchain Lens on March 13, a Chainlink whale sold 356,665 coins for $4.59 million USDC at an average price of $12.88. Per the data, the whale address ‘0xc6f7f’ was recorded as making the selloff transaction.
For context, colossal selloffs by whales signal a loss of confidence in an asset’s potential for gains. In turn, traders and investors reckon a poor market performance ahead.
Besides, it’s also noteworthy that the sell order may be due to a panic-selling sentiment prevailing across the market at present. Traders and investors reflect a cautious approach to risk assets amid severe macro heat.
Nevertheless, the Chainlink whale still holds 7,693 LINK tokens, worth $101,533. The undermined existing holding indicates that the trader may not be confident about gains ahead but still hopes for a best-case scenario wherein the price recovers from the broader volatility.
Crypto Market Today
However, the crypto market appears to be easing pressure as the latest U.S. CPI data revealed cooling inflation. In turn, BTC and major-league altcoins prevented further downside price risk today. Simultaneously, LINK price also eased up, witnessing slight intraday gains and reflecting resilience.
Yet, market participants remain uncertain over future movements as the selloff indicates a dip while broader developments could conversely uplift the market sentiment.
LINK Price Soars Despite Whale Selloff
As of press time, LINK price witnessed gains worth 2% intraday and closed at $13.15. It bottomed and peaked at $12.82 and $13.77 over the past day. The coin is currently rising in sync with today’s broader crypto market trend.
Top Analyst Weighs Bullish Remarks On Chainlink
Simultaneously, renowned market analyst ‘Bitcoin Buddha’ took to X, projecting bullishness over future movements despite the massive selloff. As per the analyst’s post and price chart, Chainlink “seems to be recovering after testing support near $12.” This paves the way for further gains and thus, a new ATH if recovery sustains, per the analyst.
On the other hand, a LINK price prediction by CoinGape revealed that the technical chart on the token’s weekly time frame shows a bullish engulfing pattern. This formation suggests a strong momentum that favors buyers. Overall, the abovementioned dynamics indicated that the coin could pump ahead despite the massive selloff.
On the other hand, another report revealed that a $45 price target remains possible as long as Chainlink holds a key support zone between $6 and $9. Crypto market traders and investors continue to thoroughly monitor the token amid broader trends impacting the market.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The crypto market today (March 13) has continued to keep investors hopeful, preventing a downtrend amid macro relief. With cooler U.S. CPI data released recently, risk assets have witnessed a positive market sentiment. Bitcoin (BTC) price topped the $84K level on Thursday, offering traders relief after a highly volatile session previously. Ethereum (ETH), XRP, and Solana (SOL) prices also maintained a trading session in the green zone, up 1%-3%.
Crypto Market Today: BTC Touches $84K, Alts Prevent Dip Amid US CPI Relief
Notably, CoinGape reported that the headline CPI dropped from 0.3% in January to 0.2% in February, signaling declining inflation. Also, the annual decline totaled from 3.0% to 2.8%, better than market expectations of 2.9%.
Historically, with reducing inflation in play, risk assets witness a boosted market sentiment. Moreover, the Core inflation, which excludes volatile items like food and energy, also hit a multi-year low at 3.1%.
In turn, BTC, ETH, XRP, & SOL prices witnessed some relief after a bloodbath post-Donald Trump’s tariff saga. The crypto market gained nearly 1.65% in the past 24 hours, with the market cap exchanging hands at $2.71 trillion.
BTC Price Touches $84K
As of press time, BTC price gained nearly 2% and closed near the $84K level. The flagship coin’s 24-hour low and high were $80,635.25 and $84,358.58, respectively. Bitcoin sees renewed market interest, as indicated by a 3% gain in its futures OI to $47.72 billion. Simultaneously, the coin’s market dominance gained by 0.08% to 61.36%, undermining the altcoin sector.
ETH Price Jumps 1%
ETH price gained only by 1% in the past 24 hours and exchanged hands at $1,889. The coin’s intraday low and peak were $1,832.02 and $1,954.57, respectively. Ethereum further lost market dominance by 1.66%, reaching 8.4% on Thursday. Nevertheless, ETH futures OI gained by 1.5% to $17.59 billion, underscoring rising investor interest.
XRP Price Up 3%
Ripple’s XRP gained 3% to $2.24, leveraging rising XRP ETF odds and the broader market trend. The coin bottomed and peaked at $2.14 and $2.26 in the past 24 hours. XRP soars in sync with the broader market trend, whilst its futures OI surged nearly 4% to $3.04 billion today.
SOL Price Gains 2%
SOL price gained by nearly 2% in the past 24 hours and closed in at $125. The coin’s intraday bottom and peak were $121.37 and $130.66, respectively. Solana mimics the broader market upswing today, with its futures OI up 2.5% to $3.64 billion.
Meme Crypto Market Gains Today
Simultaneously, meme coins have also witnessed an uptick in the past 24 hours, in sync with the relief to risk assets. Dogecoin (DOGE) price gained over 5% and exchanged hands at $0.1707. Shiba Inu (SHIB) price soared 2.5% to reach $0.00001228. Also, Pepe Coin (PEPE) led the meme coin market gains, pumping nearly 18% to reach $0.000007316.
Top Gainers In The Crypto Market Today
Pi (PI)
Price: $1.71
24-Hour Gains: +16%
Story (IP)
Price: $6.30
24-Hour Gains: +14%
Celestia (TIA)
Price: $3.68
24-Hour Gains: +12%
Top Losers In The Crypto Market Today
Ethena (ENA)
Price: $0.365
24-Hour Loss: -4%
Hyperliquid (HYPE)
Price: $13.42
24-Hour Loss: -4%
Movement (MOVE)
Price: $0.4792
24-Hour Loss: -3%
In conclusion, broader market sentiments revolving around the market’s future took an optimistic shift with cooling U.S. inflation. Further, a recent X post by Santiment revealed that Bitcoin’s total amount of holders (non-empty wallets) had reached 54.71 million, which is within 0.018% of the all-time high of 54.72 million. Despite the previous volatility, these stats have pushed investors to weigh optimism on the market’s long-term prospects.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Dogecoin price is showing upside momentum, gaining 5.38% after reversing the trajectory from a crucial support level and eyeing further rally to $3. Additionally, the DOGE network has been expanding very fast with new addresses doubling over the past month. This shows that the ecosystem is making a strong base for a big upside ahead.
Dogecoin Price Eyeing A Parabolic Rally to $3?
Crypto analyst Ali Martinez has highlighted Dogecoin’s critical positioning within a key price channel. According to Martinez, DOGE is currently holding at a significant support level that could determine its next move.
“If this support holds, we might see a rebound toward the mid or upper boundary of the channel,” Martinez noted, suggesting the possibility of a bullish recovery to $3 and beyond.
Also, based on the stock RSI, the Dogecoin price could go parabolic moving ahead. During two previous instances of October 2023 and February 2024, when the stock RSI made a bullish crossover, DOGE price surged by 88% and 187% respectively. On the weekly chart, the stock RSI is once again setting up a bullish crossover, said Martinez. Thus, there could be a big rally ahead in the making.
Dogecoin Network Sees Significant Growth in New Addresses
Furthermore, analyst Marinez explained that the Dogecoin network has been expanding over the past month. The total number of new DOGE addresses has doubled over the past month, surging from 16,400 to 34,600. This increase highlights growing interest and adoption of the Dogecoin network, reflecting its continued prominence in the cryptocurrency market.
A DOGE Bull Run Is In the Making
Crypto trader Tardigrade has identified a recurring pattern in Dogecoin price action, suggesting a potential bullish trend. According to the trader, DOGE typically forms an initial low as the Relative Strength Index (RSI) enters the oversold zone. This is followed by a second, lower low with the RSI maintaining a similar oversold reading. Tardigrade notes that if this historical pattern holds, Dogecoin could be on the verge of a significant DOGE bull run.
As of press time, the Dogecoin price is trading 5.7% up at $0.172 levels with the DOGE futures open interest surging more than 4% to $1.40 billion. and 24-hour liquidations soaring past $7.24 million. On the other hand, asset managers like Bitwise are pushing ahead for a Dogecoin ETF, which could trigger major activity for the meme coin.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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