NAIROBI (CoinChapter.com)— XRP, Dogecoin (DOGE), and Litecoin (LTC) have drawn market attention following renewed whale activity, bullish chart patterns, and potential regulatory catalysts.
XRP Whales Accumulate 150M Tokens Amid Bullish Momentum
Deep-pocketed investors have accumulated 150 million XRP in the past two days, raising speculation about a potential breakout. Historically, large-scale XRP purchases have preceded major price movements, and analysts believe this time may be no different.
Source: XTechnical analyst Ali Martinez highlighted a cup and handle pattern forming on XRP’s 30-minute chart, a bullish indicator that suggests a breakout could be near. A decisive push past $2.83 could trigger a rally toward $3.39 and $5.85, with some predicting an extended run to $8 if momentum sustains.
Source: Dark Defender/X
Dark Defender, another analyst, points to an Elliott Wave pattern, indicating that XRP is approaching the end of Wave 2. His analysis suggests that a strong rebound from support levels between $1.99 and $2.44 could launch XRP into a Wave 3 rally, historically the most explosive phase in the Elliott Wave cycle.
Easing regulatory pressure—driven by reports that the U.S. Securities and Exchange Commission (SEC) might drop its case against Ripple—has boosted investor confidence.
Will Dogecoin Soar to $1 or Crash Below $0.20?
Dogecoin is stuck in a downtrend, struggling to break out of its correction phase since Dec. 2024. The memecoin has dropped 40% since President Donald Trump’s inauguration, and its price action suggests that bulls have a tough battle ahead.
DOGE/USD 1-day price chart. Source: TradingViewRight now, DOGE is hovering around $0.25, testing a key support zone. A descending trendline continues to keep the price in check, limiting any serious breakout attempts. The descending triangle pattern forming on the chart hints at a possible reversal, but so far, there’s no strong sign of bullish momentum.
DOGE has been unable to reclaim the 0.618 retracement level at $0.39, a crucial resistance zone. It also dropped below the 0.5 retracement at $0.37, reinforcing bearish pressure. If sellers stay in control, the next big support sits around $0.21–$0.22, aligning with the 0 Fibonacci level.
The Relative Strength Index (RSI) is at 38.68, meaning DOGE is approaching oversold territory. This could signal a potential bounce, but unless DOGE clears $0.30, the risk of another drop remains high.
Grayscale and Bitwise have reportedly filed for spot Dogecoin ETFs, a move that could attract institutional money and boost demand. If DOGE breaks above $0.30, it could push toward $0.39 and even $0.48 in a bullish scenario. However, if it fails to reclaim resistance, a dip back to $0.21 could be next.
Litecoin Breaks Key Levels as ETF Optimism Fuels Bullish Sentiment
Litecoin has been on a strong recovery, gaining over 30% in the past two weeks to reclaim the $135 level. Unlike many altcoins, LTC has shown a lower correlation (0.12) with Bitcoin, giving it independent price momentum.
From a technical perspective, Litecoin’s breakout from a multi-month consolidation phase signals further upside. If LTC holds above $135, analysts see a potential rally toward $175 and $240, aligning with key Fibonacci levels.
Whale activity has also surged, with transactions over $100,000 increasing significantly. At the same time, futures open interest in LTC has risen to $887 million—the highest since May 2021—indicating growing speculative interest.
SEC approval odds for crypto ETFs in 2025. Source: Eric Balchunas/XETF approval could be the next major catalyst for Litecoin. Bloomberg analyst Eric Balchunas has placed the odds of a Litecoin ETF approval in 2025 at 90%, ahead of Dogecoin and Ripple. Such a move would make LTC more accessible to institutional investors, increasing liquidity and market depth.
XRP must clear $2.83 for a sustained breakout, DOGE needs to close above $0.30 to confirm a trend reversal, and LTC must maintain its position above $135 to target new highs.
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