After dropping, the prices of the Dogecoin (DOGE) and Ripple (XRP) cryptocurrencies rebounded, building on a recovery amid the crypto market slump.
In contrast to Shiba Inu (SHIB), DOGE crypto is actually less highlighted because the network has not experienced significant development, only plans to switch consensus to proof of stake (PoS), following in the footsteps of Ethereum.
Dogecoin (DOGE) Crypto Price Performance
However, in the sluggish crypto market, DOGE's price managed to form a rebound, trying to recover after being slumped in the last few days.
Based on the Bitcoin News report, in technical analysis the price of Dogecoin is in the area between the levels of US$0.058 and US$0.062. Meanwhile, the RSI indicator is below the neutral 50 level, a sign that there is a chance for a bullish impetus to enter.
To see opportunities for further rally, the price needs to break through the resistance level of US$0.062 and target new milestones at US$0.067 and US$0.072 which will be the latest resistance.
Ripple Crypto Price Performance (XRP)
In technical analysis, the price of Ripple's XRP cryptocurrency has rebounded from the support level of US$0.450 after having slumped in the last few days.
US$0.450 looks to be an important bounce in late September and early October 2022. The rebound looks likely to continue climbing higher, as long as the intense selling wave does not force the price to move lower than the support level.
This should be anticipated because the MA10 indicator has crossed with the MA25, forming the beginning of a death cross (a sign of a bearish opportunity).
Support levels and MA movements are the key to technical analysis for the XRP price, while anticipating the impact of global sentiment that is more fundamentally dominant.
However, a well-known music producer has a very confident view of the potential price of XRP, being able to reach a five-figure price tag and even more.
Crypto Globe reports that, Founder and CEO of Sound Alive Records, Eric Finnerud, believes Ripple's crypto price will skyrocket in the future.
The producer known by the nickname “E. The Smitty” values XRP too highly, even too highly, just because it stands a chance of winning against the US SEC in court.
Some Twitter users also said that the prediction was too absurd, because it requires an increase in market capitalization that far exceeds Bitcoin. Moreover, there are no significant developments from the Ripple network to support this prediction.
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