DOGE clears its 50% Fibonacci level, today, and in doing so it overtakes XRP in terms of market cap ranking. As this is happening, XRP is testing its 50% Fibonacci point, suggesting a massive XRP breakout is underway.
RELATED – XRP prediction 2025 to 2030
If XRP moves above its 50% Fibonacci level, it will accelerate its move higher.
It looks like DOGE and XRP are ready to move much higher, in dollar value, in the coming weeks and months.
Top 10 market cap – DOGE overtakes XRP
At the time of writing, this is the top 10 in terms of market capitalization:
BTC
ETH
USDT
SOL
BNB
DOGE
USDC
XRP
ADA
SHIB
XRP dropped in this top 10 list in recent days.
The market cap of DOGE, USDC, XRP are somehow related.
However, DOGE staged an amazing come back since Nov 9th.
The million dollar question is whether XRP will follow DOGE higher, as DOGE is a bullish momentum barometer indicating that alt season 2025 is here.
Dogecoin (DOGE) breaks out on November 9th, 2024
November 9th, 2024, is a day that DOGE enthusiasts will never forget.
That’s the day when DOGE cleared its 50% Fibonacci retracement level at $0.188.
As seen on below chart, the final purple line specifically, the $0.188 level represents half the retracement since the previous cycle highs printed in April/May of 2021.
DOGE is likely going to move to ATH in 2025, is what we wrote in our latest DOGE price prediction 2025 research update.
XRP staging a massive and incredibly powerful breakout
XRP, until today the laggard among the 10 largest cryptocurrencies, is likely going to turn its flat trend around.
Most likely, XRP is preparing a breakout above its 50% Fibonacci retracement level, following DOGE’s path higher.
Now, the big difference between DOGE and XRP is that XRP will unleash tremendous bullish energy once it clears $0.625, its secular breakout level.
Why? Because the long term XRP chart shows that XRP is working on a double breakout:
- Its 50% Fibonacci level at $0.625.
- Its falling trendline level at $0.597.
DOGE started a powerful breakout but XRP is twice as powerful if/when it succeeds clearing $0.625.
That’s why we believe XRP’s breakout is massive in terms of impact.
DOGE vs. XRP? Or DOGE and XRP?
So, the above analysis brings up the question whether crypto investors should pick one of the two tokens: DOGE vs. XRP.
Our viewpoint is very different – why not DOGE and XRP?
In the end, DOGE is the leading meme coin while XRP is the laggard that might benefit from the suppression by the SEC. If anything, a suppressed market, when it gets rid of suppressive dynamics, will unleash tremendous energy.
Case in point: Solana, in 2022 suppressed by the SEC, became a leader since 2023, now the 4th largest cryptocurrency.
Read: Could XRP Be ‘The Next Solana’
Frankly, while we are super bullish on DOGE, something tells us that XRP will catch up as SEC suppression might end soon, making us equally bullish on XRP.
Why not DOGE + XRP, for some large cap diversification?
