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XRP, ADA, DOGE Prices Breaking Out: Here Are The Next Targets
The entire crypto market has suddenly turned green today, with some altcoins experiencing massive price surges. Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) have all broken out of their respective resistance levels, leaving traders wondering what’s next for these assets.
After a tumultuous two weeks ago when it plummeted to $1.6 due to tariff concerns, Ripple has rebounded strongly, increasing by 7.5% over the past day alone. While it may not be as spectacular as its peers DOGE and ADA, XRP is still eyeing an impressive 20% increase that could take it to a new high of $2.7. The asset’s chart appears to be forming an inverse head and shoulders pattern, which could pave the way for this significant upside potential.
On the other hand, DOGE and ADA have surged ahead, posting double-digit gains of 15% each. Dogecoin, in particular, has successfully broken out of a crucial resistance level at $0.17, thereby avoiding a potentially catastrophic 65% price drop. This newfound momentum could propel it as high as $0.195, pending confirmation.
Cardano’s ascension is equally noteworthy, with the asset bursting above key resistance levels to target $0.77. While its chances of securing an exchange-traded fund (ETF) in the near future are slightly lower than those of XRP, at 57%, it has still managed to capitalize on the market’s recent swing.
It remains essential for traders to stay attuned to ongoing developments surrounding ETF approvals and their potential impact on these assets.
Source: https://cryptopotato.com/xrp-ada-doge-prices-breaking-out-here-are-the-next-targets/
