A popular crypto analyst is predicting potential price drops for XRP and Dogecoin. He bases his predictions on technical analysis using Elliott Wave theory.
XRP: A Potential Pullback?
The analyst, known as Credible, believes XRP has completed a five-wave rally, suggesting a correction is likely. He points out that if XRP falls below $1.05, it could signal a larger correction before another price surge. However, holding above $1.05 might indicate further gains, potentially reaching over $2 before a significant pullback. At the time of this writing, XRP is trading around $1.37, down slightly for the day but still significantly up for the month.
Dogecoin: Resistance Ahead
Looking at Dogecoin’s price against Bitcoin (DOGE/BTC), Credible sees resistance at current levels. He suggests this is a likely area for a price rejection, especially if Bitcoin itself experiences a correction. If Bitcoin falls from its current level, Dogecoin could see a substantial drop. Currently, DOGE/BTC is trading at 0.00000431 BTC, equivalent to approximately $0.42.
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