XRP Price Could Hit $5, Dogecoin $3 as Bullish Sentiment Stirs the Crypto Market

The cryptocurrency market is no stranger to bullish predictions, particularly given the current positive market sentiment. According to a crypto market participant who goes by the name Scofield (@Crypto_Scofield) on social media platform X, there are a few altcoins with bullish potential in the coming weeks and month.

A crypto market participant has shared his price predictions for several altcoins, suggesting that they could reach ambitious price targets in the coming weeks or months.

The predictions, shared by an individual known as Scofield (@Crypto_Scofield) on social media platform X, include some of the most well-known tokens in the cryptocurrency market, such as Dogecoin and XRP.

In his recent post, Scofield shared a list of price targets for various cryptocurrencies without including any technical analysis or potential timelines. However, his predictions come at a time when there is a lot of bullish sentiment surrounding these cryptocurrencies.

For example, XRP has been seeing a lot of buying pressure from crypto traders, which has led its price to trade at its highest point in over three years. At the time of writing, XRP is trading at $1.93, which marks its highest level since 2018.

This impressive rally has reignited interest in the token, and it could only be a matter of time before the XRP price surpasses the critical $2 threshold. The XRP price is already up by 270% in the past 30 days, and reaching the predicted $5 mark would translate to a further 160% increase at this point.

Scofield’s assertion that the XRP price could surge to $5 aligns with the bullish sentiment that has surrounded the token since the US presidential elections. Moreover, the expected change in SEC leadership has also sent the XRP price surging more than many would have expected. However, reaching $5 would require the XRP price to overcome its current all-time high of $3.40 and maintain consistent trading volume.

Another interesting aspect of Scofield’s predictions is the projection of Dogecoin reaching $3. This prediction resonates with the ongoing enthusiasm surrounding the token, which has seen renewed attention from both retail and institutional investors.

Dogecoin, like XRP, is trading at multi-year highs, having recently climbed to $0.4759. This marks the highest level the Dogecoin price has achieved in three years. For Dogecoin, reaching the predicted $3 mark would translate to a 530% increase from $0.4759.

Scofield’s list also includes several other altcoins with ambitious price targets, such as Fetch.ai (FET) at $10, Fantom (FTM) at $5, and Injective Protocol (INJ) at $150. Additionally, he predicts that VeChain (VET) will reach $0.25, Coti (COTI) will hit $1, and Oasis (ROSE) will reach $0.80.