XRP, Dogecoin, Solana Price Prediction: What's Next For These Top Altcoins Ahead of the U.S Jobs Report?

Bitcoin [BTC] price action last week was the primary driver of the market sell-off. BTC’s dominance also rose to 58% as investors sold their altcoins.

However, there was some temporary relief on Friday after BTC price action stabilized above the lower range of $91K. The sell-off in major assets XRP, Dogecoin [DOGE], and Solana [SOL] also slowed at December demand levels.

But what’s next for these top altcoins ahead of the U.S jobs report?

XRP price prediction – Breakout on the cards?

XRP price action held the sell-off better than any altcoin, suggesting a strong market structure that could surprise on the upside. It only dropped by 6% and was above the 50-day EMA at press time.

A bullish breakout from the triangle pattern could drive bulls to $3.4 – A potential gain of a whopping +40%.

On the other hand, if XRP price action closed below $1.8, then short-sellers could dictate the day. At press time, the market could go in either direction as key technical indicators were neutral.

Dogecoin price prediction – $0.3 local bottom?

DOGE price action erased part of its November gains but was above a key multi-month trendline support.

This support level has propped up previous pullbacks in October, November, and December. Will it hold strong again in January? Most likely, judging by the recent rebound at the trendline. If the recovery extends, $0.35 and $0.30 are the immediate bullish targets.

But a breach below the trendline support would invalidate the positive outlook. In such a scenario, short-sellers could drag DOGE lower to its levels of $0.27 and $0.21.

Solana defends December demand levels

Solana price action dumped the hardest during the recent sell-off. It shed over 17% in the last four days and led a rebound on Friday. At press time, it was up about 4% after hitting a December demand zone above $175.

For the recovery to extend, SOL price action had to blast above the trendline resistance. If so, the March highs of $210 and the supply zone at $220 could be reached.

However, positive prospects could be dimmed if SOL’s drop extended below the December demand zone.