XRP Coin and Dogecoin prices are expected to rise with exciting expectations such as ETF approval. So, which levels will be watched for December? What do the technical analysis of XRP Coin indicate? Here are the details…
After Donald Trump emerged as the winner of the presidential election, the crypto market has seen significant changes. The Trump administration is known for its crypto-friendly approach, and this was further reinforced by the nomination of Paul Atkins as SEC Chairman. This development has increased expectations for positive results in the Ripple case. If the Ripple case is dismissed or withdrawn, former SEC Director Bill Hinman’s influence in the institution will decrease.
According to pro-XRP attorneys Jeremy Hogan, Fred Rispoli, and Bill Morgan, the possibility of the XRP case being dismissed is increasing with Paul Atkins moving to the SEC Chair. In this case, the XRP coin price is expected to experience a significant increase. While the SEC’s appeal deadline in the Ripple case is set as January 15, some people suggest that Gensler could make a move before leaving office. Although the SEC defended its claims in the Binance case with an 81-page filing, Ripple’s General Counsel describes these arguments as “unsuccessful.”
Many experts and crypto leaders predict that a rejection or withdrawal of the appeal could send the XRP price to $3 and above. Experts believe that the SEC’s criticized “regulation by enforcement” approach in the past could be replaced by the Trump administration’s crypto-friendly policies. The XRP community is also waiting for the new SEC administration to approve an XRP ETF. Ripple and its CEO Brad Garlinghouse will file a response to the lawsuit in April.
$DOGE
Following Donald Trump’s election victory, Dogecoin’s price has seen significant gains since November. These increases suggest that Dogecoin’s recent performance has restored confidence in the meme coin segment. Other popular meme coins such as SHIB, PEPE, and BONK have also risen alongside Dogecoin.
The expectations for a rise in the DOGE price are further reinforced by a possible DOGE ETF launch. ETF Store President Nate Geraci said that he was surprised that an ETF application has not yet been made for Dogecoin, but that it carries low risk. Bloomberg ETF analyst Eric Balchunas said that the ETF application for Dogecoin could take place after Trump’s inauguration on January 20, when the new SEC Chairman takes office. Today, the DOGE price increased by 5% to $ 0.3363, while trading volume decreased by 3% to $ 3.31 billion. DOGE, which was traded at $ 0.15 in early November, has gained more than 125% since then. According to CoinGlass data, DOGE futures open interest increased by 6% to $ 2.16 billion, indicating that the market is in an upward trend. It is also noteworthy that whales accumulated heavily during the price decline. Popular market analyst Ali Martinez announced that Dogecoin whales bought approximately 270 million DOGE. This development has created further optimism in the market.
Martinez noted that based on past Dogecoin historical trends, the price could rise to $20. Considering all this data, the DOGE price is expected to make a strong rise with a possible ETF launch.
Fartcoin was launched in October and quickly gained investor interest. Last week, Fartcoin reached its ATH (All Time High) at $1.30, but with the decline in Bitcoin prices, it fell and lost value. However, with the Christmas spirit and increasing market enthusiasm, the token price increased by 60% to $1.20. Currently, Fartcoin’s market value is recorded as $1.28 billion.
Whale purchases played a major role in this rise. Lookonchain reported that a popular whale exchanged his WIF and BONK tokens for Fartcoin. This whale bought 1.72 million Fartcoins in exchange for 500 thousand WIF worth 1.03 million and 25 billion BONK worth 833 thousand. This strategy shows that investors prefer assets with higher profit potential. Fartcoin continues to attract investors' attention, considering that the altcoin season is approaching.
According to technical analysis, moving averages give buy signals on most timeframes. Also, the MACD indicator shows an uptrend. However, there may be a risk of a trend reversal as the RSI is approaching the overbought zone.
Some technical analyzes predict that there may be temporary corrections in the Fartcoin price. Analysts who show a triple top formation predict that the price may retreat to $0.3-0.4 levels. However, the token, which continues to offer short-term opportunities, requires careful analysis.