🐶 $DOGE will Flip $XRP in future 🌀
Elon Musk claims creat excitement in crypto market 🔥
🚀 Dogecoin (DOGE) is poised for another surge as billionaire Elon Musk secures three additional licenses for X Payments, the peer-to-peer payment division of X Corporation.
🐕 According to a report from Yahoo Finance, this expansion extends X Payments' approval to 22 states in the U.S. Musk, renowned for his affinity for Dogecoin, hinted at integrating the meme coin into the payment options upon the launch of X Payments a few months ago.
🪙 Although Musk hasn't officially confirmed the integration, he has previously expressed interest in incorporating DOGE into a social media platform. This move could potentially propel Dogecoin's market cap, potentially surpassing Ripple (XRP), currently ranked sixth.
💰 With DOGE holding the eighth position in market cap standings at $23.10 billion and XRP at $33.62 billion, DOGE would need to accumulate an additional $10 billion to outpace XRP, a feat within reach given its recent performance.
📈 DOGE has surged by 91.51% in the last 30 days, outpacing XRP's 13.13% increase. Ripple's ongoing legal battle with the U.S. SEC has impeded its growth, potentially creating opportunities for Dogecoin to ascend further.
📉 Dogecoin has demonstrated a strong correlation with Bitcoin (BTC) this month, unlike XRP, which has intermittently disconnected from BTC. Technical analysis suggests a potential breakout for DOGE, with indicators such as the MACD signaling a surge in buyer momentum.
📊 If the breakout materializes, DOGE could soar to $0.20, marking a 27.92% increase. However, traders should remain vigilant of profit-taking, which could trigger a retreat to $0.13. Meanwhile, XRP may continue to trade sideways due to its ongoing legal entanglements.
In summary, Elon Musk's involvement with X Payments could potentially propel Dogecoin to new heights, presenting challenge to Ripple.
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