Cryptocurrencies Price Prediction: Dogecoin, Ripple & Solana – American Wrap 29 October

FXStreet Team FXStreet

Dogecoin price can hit $1 if DOGE can clear one critical hurdle

Dogecoin price is currently sitting inside a supply zone that has prevented it from making any progress for nearly five months. However, the resurgence of buyers has triggered a massive meme coin bull run, which provides DOGE with an opportunity to kick-start another leg-up.

XRP price rally imminent as SBI Holdings remains bullish on Ripple

SBI Holdings of Japan shares financial results for the first half of 2021. The financial services company group plans to use XRP as a bridge currency for its plans. Ripple’s enhanced utility value is expected to help drive up XRP price, with some technical analysts forecasting a target at $27.

Solana price could nearly double once SOL bulls can shatter this barrier

Solana price rose from October 20 to October 25, setting up two new higher highs. The buying pressure failed to sustain SOL, however, leading to a correction and a lower low. While the altcoin is trying to recover, a failure to do so could result in a steep correction.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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