Are XRP and DOGE Preparing for 25% Price Moves?

TL:DR

Renowned crypto analyst Ali Martinez highlights potential bullish scenarios for DOGE and XRP, with both assets poised for potential gains of around 25%. However, concerns linger regarding XRP's outlook based on a technical indicator.

Dogecoin ($DOGE) on the Verge of Breakout?

Martinez observes that Dogecoin is nearing a potential breakout from a symmetrical triangle. Since the February market crash, DOGE has remained within this pattern, trading between $0.28 and $0.244.

Currently hovering around $0.255, a 25% upswing would propel DOGE to over $0.3.

Similar Outlook for XRP, with a Slight Difference

XRP is also within a triangle formation, an ascending one. If it breaks above this pattern, its price could surge by 26%, reaching approximately $3.4. This would mark a new all-time high for XRP.

Bullish Sentiment for XRP, But Caution Warranted

While positive sentiment exists for XRP, primarily due to ETF developments, Martinez cautions that the TD Sequential Indicator suggests a potential pullback. This indicator signals market exhaustion and has flashed a sell signal on the 3-hour chart following XRP's recent rally.

Original Article Source: CryptoPotato