Altcoin October excitement has already taken over investors, but BTC price It failed to make new highs above $60,000. The lack of volume over the weekend explains the ongoing sideways movement. Volumes are down by half compared to yesterday. A popular analyst Bitcoin (BTC) $60,106 He says that the price is in the process of confirming the rise. So what are the current price predictions for DOGE and XRP Coin?
Will Bitcoin Continue to Rise?
The crypto analyst known by the nickname Titan of Crypto argued that we are in the confirmation phase of the rise by sharing the chart below. BTC has not yet regained $ 61,700, and we have seen the importance of this key level in the last major decline. Having lost support, BTC began to melt quickly and eventually bottomed at $ 52,500.
According to the analyst, if the RSI manages to stay strong since it broke the trend line, we may see the bullish momentum strengthen.
“BTC reclaimed Tenkan and Kijun and rose above the Kumo Cloud. At the same time, the RSI broke a multi-month trend line. If confirmed, bullish momentum could follow in the coming days.”
Dogecoin (DOGE)
The largest meme coin by market value DOGE It has risen by 20 percent from the September 6 bottom. It is currently positive that it is maintaining $0.105. Closing above this key level could push DOGE prices to $0.115 and $0.129. If the general bullish sentiment in October holds true, a recovery led by large altcoins is expected to begin here.
That’s why the rise of assets like DOGE and XRP Coin is important for the rest of the altcoins. If the interest rate decision on Wednesday supports the optimistic picture, the nightmare that has been going on for almost two quarters could end if Powell doesn’t take an overly cautious stance regarding the pace of interest rate cuts.
Ripple (XRP)
The first week of October will be the end of the appeal period against the SEC’s court ruling that secondary market sales are not securities. Although it is almost certain that the SEC will appeal, the new fronts they have opened in the NFT and DeFi field also make one think that they may take a surprise step with the desire to spend their energy here. Indeed, the ETH ETF approval was also a surprise. News on this front may trigger volatility.
XRP Coin It has set its sights on $0.63 again and is defending $0.58. Targets on the decline are $0.54 and $0.5. The rally could bring new highs of up to $0.93 on closes above $0.65. The SEC’s appeal would potentially lead to a drop to $0.48.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
