#MarketPullback
XRP and DOGE coins have the potential to rise next year, based on several technical and fundamental analyses. Here are some key points:
Factors Driving the Rise
1. *Bullish Pattern*: XRP is showing a bullish pennant pattern, a classic signal of an uptrend continuation.¹
2. *Technical Indicators*: Several technical indicators such as Bollinger Bands, RSI, and MACD support the potential for an increase in the price of XRP.
3. *Derivatives Activity*: Derivatives data shows increased trading activity in XRP, with volumes up 13.86%.
4. *Market Sentiment*: Current market sentiment is bullish, with the Fear & Greed Index landing at 69, indicating a greedy outlook among investors.²
Price Projection
1. *XRP*: Predicted to reach $4.40 if it manages to break through current resistance.
2. *DOGE*: Predicted to reach $0.7500 by 2024, with the potential to reach $1.1900 by 2025.
Risk Factors
1. *Market Volatility*: Market volatility remains a risk factor, with a massive liquidation of $21.31 million in the last 24 hours.
2. *Regulatory Dependence*: Changes in government regulations can affect the price of a coin.
Investors should be aware of market volatility and conduct their own research before investing.