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Doge price prediction: Can it top XRP?
As it seeks $1, meme cryptocurrency Dogecoin (DOGE) has broken major resistance levels.
After its latest price increase, Dogecoin is closing in on XRP in market value. At press time, XRP's market value was $32.98 billion and DOGE's $29.98 billion.
Could Dogecoin overtake XRP in market cap? Price changes for Dogecoin will determine its success.
Predict dogecoin price
Remember that Dogecoin is trading above the important $0.20 support zone. The coin's ability to maintain its price over this milestone might lead to $0.30. In 2024, Dogecoin doubled in price, indicating potential for a surge.
The daily Dogecoin chart shows resistance at $0.22. DOGE might keep rising toward $0.30 if it breaks this hurdle. The coin's market valuation may exceed $30 billion at this price.
On the monthly timescale, crypto researcher Rekt Capital predicted Dogecoin is retesting at $0.20. The monthly chart showed a recent negative wick, suggesting a weekly bull flag pattern retest.
The analyst said Dogecoin looks to be following its goal, as seen by its technical patterns and critical support levels, despite price volatility.
Other variables, including as Dogecoin's growing payment acceptance and community-driven activities, may also affect its price. Support from key personalities like Tesla (NASDAQ: TSLA) CEO Elon Musk is likely to also shape the token's future.
XRP has stabilized below $0.70 despite the increase, but Dogecoin's history implies it might climb with it. Given its typically positive influence, the market's response to the Bitcoin (BTC) halving will be critical.
Skeptics say Dogecoin's worth is mostly speculative and hyped, missing the usefulness and technical innovation of other cryptocurrencies like XRP. Critics warn of more volatility if Dogecoin's price spike continues.
