A crypto analyst, Dark Defender, has posted a bullish forecast for Ripple (XRP). He predicts the altcoin price could rally to $5.85 in the coming days. However, XRP must close above $2.52 in the coming days. Also, Crow expects the value of Dogecoin (DOGE) to hit $0.62.
However, the biggest upside has been seen by DTX Exchange (DTX) rising by 500% to reach $0.12. With its current performance, DTX is set to beat DOGE to $1 because of its connection to multiple markets, it is a great cryptocurrency to buy right now.
Ripple (XRP) Predicted To Hit $5
Crypto analyst Dark Defender believes that Ripple (XRP) is in the final stage of an ABC Corrective Wave pattern on the daily chart. He noted that an upsurge could occur if the DeFi coin manages to close above the $2.52 resistance level in the next few days. This potential surge could take the Ripple coin price to $5.85.
The analyst forecasts a higher target of $18.22 if the rally continues. Meanwhile, the chart accompanying Dark Defender’s post highlighted a strong support around $1.8. The Ripple coin falling below this level could invalidate this price prediction. At the moment, the cryptocurrency is showing positive movement on the charts.
CoinMarketCap data indicates the value of XRP has increased by 2.1% on the weekly chart and 298.8% on the monthly level. The Ripple token is currently trading above the $2 level and could soar to $3 in the coming days. The Stoch RSI (14) is flashing a buy sign, signaling a potential uptrend could be on the way.
Dogecoin (DOGE) Targets $0.62 As Scofield Says Buy the Dip
Technical analyst Crypto Scofield has urged investors to buy the dip in Dogecoin (DOGE). He told the community that this might be the last buying opportunity before a price surge begins. Historically, the Dogecoin price has always skyrocketed after a major dip. For instance, DOGE was trading as low as $0.089 in September before it rose to $0.1015 in October.
However, the Dogecoin crypto took pace in November rallying to $0.4835 in December. Crow forecast the value of the memecoin could surge to $0.62 in the coming weeks. The chart posted showed the Dogecoin token is trading in an ascending channel with a strong support around $0.36-0.38. Losing this level could lead to a downtrend.
At the moment, the meme coin is trading above $0.4, per CoinMarketCap. Its price has plunged by 5.0%. However, DOGE has price increases of 1.3% and 14.2% on the biweekly and monthly charts.
DTX Exchange (DTX) To Revolutionize Trading Market With New Features
DTX Exchange (DTX) is a new ICO that has attracted a lot of attention in the crypto community. This project is set to disrupt the global trading market through its owned hybrid L1 blockchain, VulcanX. This chain integrates both CEX and DEX attributes to provide a seamless trading platform. This makes it attractive to investors who are in search of new features in the DeFi space.
It enables users to trade over 120,000 different asset classes including shares, currencies, CFDs, futures, options, stocks, bonds, gold, oil, silver, and Crypto. Another area in which DTX Exchange establishes itself is asset tokenization. DTX Exchange employs blockchain technology to decentralize real-world assets (RWAs). DTX turns assets into digital tokens, thus removing investment barriers and improving market liquidity in previously inaccessible markets.
Investors can buy fractions of these tokens at relatively cheaper prices. The DTX coin has been on an amazing run so far. Its price has increased by 500% and attracted over $10.1 million in funding. DTX is now in its 6th ICO round and it is trading at $0.12 per token, which is quite cheap for any investor to buy into.
Final Thoughts
While Ripple (XRP) aims for $5 and Dogecoin (DOGE) is on its way to $0.62, people are looking at DTX Exchange, the new coin expected to skyrocket 10 times. As a relatively new platform with a constantly expanding base of users, DTX Exchange is setting new standards for investors in the trading space.
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