XRP, ADA, DOGE: Here’s How They Can Surge by Double Digits

TL;DR

  • With bitcoin coming just a few grand from charting a new all-time high this week, many altcoins posted impressive gains even though they are still far from their respective peaks.
  • However, popular crypto analyst Ali Martinez laid out scenarios where three of the most popular ones can register notable gains in the near future.

Let’s begin with the world’s fourth-largest cryptocurrency. It has been trading sideways for months, with a few unsuccessful breakout attempts in both directions. However, it has gained over 6% in the past week and even challenged $2.3 yesterday.

Although it failed there and was driven south to $2.24 as of press time, Ali Martinez outlined a scenario in which XRP can finally break through its consolidation range and shoot up to $2.65. To do so, though, it needs to validate the inverse head and shoulders pattern with a price close above $2.32.

The analyst believes the OG meme coin has even more growth potential. Dogecoin’s ability to remain north of $0.16 paves the way for a price surge to $0.24, which would represent a 50% price pump if it materializes.

Lastly, Martinez touched upon Cardano’s native token, which appears to be in the most unfavorable position. This is because it currently trades at $0.58 after a retracement on a daily scale, and it needs to stage a 15% surge to climb to Martinez’s rally-starting point of $0.67.

Only then, the analyst noted, ADA can skyrocket further by another 25-35% to reach the aforementioned targets of up to $0.91.

The post XRP, ADA, DOGE: Here’s How They Can Surge by Double Digits appeared first on CryptoPotato.

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