DOGE Rises Today, $0.23 Could Be Tested; ADA Continues Weak Performance, XRP Could Test $0.55, $0.58
Cryptocurrency markets have rapidly gained value following Donald Trump’s victory. Trump’s election victory, which was shown in the polls to surpass his rival Harris, created a positive atmosphere in the markets and this triggered the rise. Based on past data, experts state that the usual market trends will continue in this cycle. This shows that altcoins such as ADA, XRP and DOGE can still continue to appreciate.
Ripple (XRP)$XRP
At the time of writing, XRP Coin was trading at $0.53. Although it gained 4% during the day, serious movement is expected for XRP in the coming year after Trump dismissed the SEC chairman. It is predicted that Trump will take a more moderate approach to cryptocurrencies with the new SEC Chairman, and this could lead to the end of the lawsuit process that has been going on for years. With XRP holding the $0.55 level as support again, it is possible to exceed $0.58. Then, the $0.63 target may come to the agenda.
Cardano (ADA)$ADA
ADA Coin, which has seen double-digit increases in the last two days, is still trading below $ 0.4. If the ADA price closes above the $ 0.364 level, a movement towards the $ 0.448 resistance may be observed. However, due to Cardano’s failure to show the expected developments on the network side, a cautious approach continues among investors. Still, Cardano is among the largest altcoins by market value.
Dogecoin (DOGE)$DOGE
DOGE maintained its $0.153 level and rose, making a big gain before the elections. Dogecoin rose to $0.194607, becoming one of the biggest meme coins of the day. Elon Musk and Donald Trump's crypto-friendly attitudes contributed to DOGE's appreciation. Musk has increased his interest in the meme coin king with his statements supporting DOGE. DOGE has gained 45% in just two days and is currently facing resistance at $0.202. If this level is exceeded, DOGE can be expected to rise to $0.23. Then, targets of $0.28 and $0.30 may come to the agenda. It would not be overly optimistic for Dogecoin, which is approaching its $1 target in 2021, to reach this target again with this unique bull period.
Bitcoin and Other Major Cryptocurrencies
Bitcoin price was trading at $74,500 at press time, indicating that the uptrend is continuing. Major altcoins like Solana (SOL) and Ethereum (ETH) are also up over 5%, contributing to the overall market rally.
