Tuesday, 27 February 2024

Crypto News

XRP, DOGE price prediction amid Memeinator’s epic presale

XRP, DOGE price prediction amid Memeinator’s epic presale

  • XRP price hovers above $0.50 amid latest Ripple vs.SEC case.
  • Dogecoin price is ranged and could dip further, but is seeing renewed interest.
  • Memeinator (MMTR) presale has surpassed $4.2 million amid massive investors confidence.

XRP price defied latest Ripple news as it held above $0.50, while Dogecoin (DOGE) remains near the $0.08 level that could prove crucial for bulls.

As the Ripple token looks to establish the current level as primary support level and DOGE eyes upcoming crypto bull run, could the Memeinator (MMTR) be one of the best new tokens to invest in 2024?

Here is a price prediction for XRP, DOGE and MMTR.

XRP price prediction: $0.50 is critical for bulls

A recent hack incident involving Ripple saw the price of XRP fall 5% to around $0.48. The altcoin rebounded above $0.50 and has retested the level on multiple occasions in the past few days.

On Monday, US Judge Sarah Netburn ordered that Ripple provide financial statements for 2022-2023 as well as records of post-complaint institutional sales of XRP. The judge agreed with SEC’s motion on these requests, thereby handing the regulator a key win.

While the XRP price has not reacted sharply to this development in the Ripple vs. SEC case, this legal hurdle has weighed on XRP since its filing in December 2020. In July last year, XRP rose to above $0.82 after Judge Analisa Torres’ ruling that XRP was not a security.

As an important technical level over the past year, $0.50 is what bulls need to hold to avoid giving the initiative to bears. If the negative scenario unfolds, the short term bearish outlook could highlight a breakdown towards the $0.40 support level.

Dogecoin price prediction: DOGE eyes positive catalysts

Dogecoin price has traded below $0.08 for the past week, with its price about 4% down in the time frame. A look at the charts shows that the top meme coin failed to hold above $0.1 since the breakdown in November 2022.

The rally in several Solana-based meme coins, including Bonk, contributed to the struggle DOGE experienced in 2023. However, with a number of recent developments, it appears the coming months could be positive for the dog-themed meme coin.

Dogecoin blockchain’s recent welcoming of the Doom video game and this week’s reports claiming SpaceX accepted DOGE payments for the anticipated DOGE-1 launch could be key upside catalysts.

However, a…

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