In the latest situation of Ripple and Doge, the two currencies have seen many developments in their markets, apart from the macro data affecting the market in general
Ripple XRP saw a short-lived rally last month with the interim ruling of the Ripple lawsuit. Despite having made huge predictions about the price of the cryptocurrency over the past month, Ripple XRP entered the correction phase before reaching the $1 level
If Ripple XRP sees a one-day close above $0.65 for the remainder of the week, it will technically have made an important move to finish the correction phase. Thus, in the bullish scenario, after surpassing the $0.65 level, we can see a movement extending to $0.8 in the short term
ย (DOGE)
Dogecoin continues to fluctuate according to Elon Musk's words and deeds, as has been the case for a long time
As is known, the richest person in the world, Elon Musk, is the strongest defender of the Doge. Because the recent bullish movement in Doji came with plans to change the name of Twitter to X and use the social media platform as a payment platform. Although the development has not yet backed up an official statement, it has caused speculation that Doji could be used as a payment tool on the X platform. Plus, although Musk doesn't speak, he continues to give small hints about his support for Doge through some of his actions
While expectations persist that Doge will become the payment option on the X platform, formerly known as Twitter, any surprise statement on the subject has the potential to increase demand for the digital currency very quickly
