XRP, Dogecoin, and Cardano Poised for Massive Rallies
XRP's price soared in early November, driving its market cap from around $30 billion to a peak of $135 billion. It briefly overtook Tether as the third-largest cryptocurrency before Tether regained its position. However, XRP has maintained its $100 billion market cap.
Dogecoin (DOGE)
Dogecoin's price has surged 350% over the past 30 days, with trading volume up 1000%. The token's market cap has risen from less than $1 billion to $68.78 billion.
As the chart suggests, DOGE is primed for a similar upswing as the one it experienced recently. The MACD indicates continued consolidation, while the RSI's bullish divergence provides optimism.
The upcoming rally could push Dogecoin into the $100 billion club and potentially towards the $1 milestone.
Cardano (ADA)
Cardano's price has followed a remarkable pattern. After a price consolidation, it triggered a significant bull run in Q1 2021. The current price action resembles that of Q4 2020, which preceded a 1700% rally.
The monthly chart shows a range-bound movement after a notable rise, similar to 2020. The supertrend has turned bullish again, and the RSI has returned to the overbought zone.
If ADA maintains support, it could potentially experience a strong bull run, unlocking a $100 billion market cap and pushing the price close to $10.