Are DOGE and XRP Set for a Continued Rally?

In the recent past, Dogecoin has been trading within a bullish pattern, with the price going up to about $0.19953. This rise comes after recent happenings in the market such as the election of Donald Trump, which boosted the morale of cryptocurrency investors.

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In recent developments, Dogecoin has been trading within a bullish pattern, with the price rising to about $0.19953.

This surge follows key events in the market, including the election of Donald Trump, which boosted the morale of cryptocurrency investors.

Yesterday, DOGE encountered resistance at $0.20, leading to a brief price drop of 2.19%, which can be viewed as a short-term market correction within the overall bullish trend.

Moreover, experts are anticipating that if Dogecoin manages to reclaim the $0.20 level of resistance, the bullish trend is likely to continue.

From the momentum observed for the current week, we can deduce increasing demand and good accumulation.

However, any significant rally may warrant closer attention and potentially involve additional external market influences. The broader crypto market has also experienced increased volatility following the U.S. election outcome, with Dogecoin emerging as one of the notable gainers.

XRP Eyes $1 Amid Regulatory Optimism Following Trump’s Win

In the realm of cryptocurrencies, XRP has also come under the close watch of market analysts, with some speculating that it may hit the $1 mark in the near future.

Currently, XRP is trading at $0.5508 after bouncing back from the support level of $0.4917, presenting a buying signal for the time being.

However, XRP has seen its value drop due to Ripple’s continuous legal battle with the SEC and Trump’s election win triggered speculations of a probable change of regulation.

Earlier on, Ripple CEO Brad Garlinghouse took to X (formerly Twitter) to call on Trump’s stance on appointing a new SEC chair as soon as he assumed the presidency through X (Twitter). Trump, who had said before the election that he would nominate a new SEC chairman.

Garlinghouse asserted the simple change in leadership in the SEC may be enough to help clarify the status of XRP, something that may be enough to push its price up to $1.

Many in the XRP community are hopeful that regulatory clarity could remove longstanding obstacles to growth. Analysts believe that if Trump follows through on his SEC reform plans, XRP’s value could experience significant upward momentum.

However, until further regulatory developments unfold, XRP’s price remains sensitive to news, with key support and resistance levels guiding its near-term movements.

This has left many in the XRP community feeling optimistic that regulation may well eliminate historical barriers to expansion. Experts opine that should Trump act on the upcoming SEC reformation, the value of XRP will compete for the highest gains in the market.

Investors Anticipate Potential Gains

Currently, investors are focusing on DOGE and XRP to determine if they will be able to overcome their resistance levels as Trump prepares to enter the presidency.

Continued regulatory changes along with Binance’s incentives may offer more support to both assets in the future. Market participants expect new information regarding the future action plan of the SEC for favorable decisions that may affect the price of XRP.