The post XRP & DOGE ETFs Go Live in the Next 48 Hours—Is a Massive Price Explosion Incoming? appeared first on Coinpedia Fintech News
The crypto market is bracing for impact as the first-ever XRP and Dogecoin ETFs are set to go live within 48 hours, marking a historic milestone for both assets. This move could spark significant volatility, with bulls eyeing massive upside potential if institutional inflows accelerate. XRP and DOGE prices are already showing heightened momentum, suggesting traders are positioning early for a breakout. Will this launch ignite a rally or trigger a sell-the-news dip?
XRP & DOGE ETFs: The Big Catalyst for Price Action
The upcoming launch of the first XRP ETF (XRPR) and Dogecoin ETF (DOJE) marks a major milestone for the crypto market. These spot ETFs allow investors to gain exposure without directly holding the assets, opening the doors for institutional money, hedge funds, and traditional investors to participate. Much like Bitcoin’s ETF boom that drove billions in inflows and pushed BTC to new highs, XRP and DOGE could see similar momentum as demand surges.
XRP has already broken above $0.65, with traders eyeing $0.75 and $1.00 as key upside targets. DOGE is witnessing a surge in whale accumulation, indicating confidence in a potential move toward $0.20 and $0.25. ETFs act as liquidity magnets, soaking up supply from the open market and creating upward pressure.
However, traders should be cautious of “sell-the-news” reactions that often follow big events. If inflows are strong, we could see a sustained rally, but weak interest may trigger short-term dips before the next leg higher.
XRP Price Analysis: Will it Reach $3.5?
The XRP price recently broke above a pivotal resistance level, and after facing a minor correction, it is gearing up for the next bullish move. In the meantime, the buying pressure has dropped, and some of the technicals have turned bearish. This could raise concern over the upcoming price action.
Regardless of the bearish action, the XRP price continues to trade under an extreme bullish influence as it holds the ascending support. With the MACD showing a drop in buying pressure, the Gaussian channel also turns bearish. However, the 50-day MA is offering a strong base while RSI is showing a bullish divergence. Therefore, the XRP price seems to be primed for a rebound and may reach $3.5 if it surpasses the pivotal resistance at $3.35.
Dogecoin Price Analysis: Is Price Heading to $0.24?
The DOGE price has been facing notable upward pressure for the past few days and replicating the previous pattern. If this holds good, the price seems to be primed to lose another 10% in the next few days.
The price faced a rejection at the resistance of the rising parallel channel, and if it repeats the previous pattern, it may easily test the average bands. The drop in the buying pressure, indicated by the MACD, validates the bearish claim, but the CMF has risen above 0 and is trying to stabilize, indicating a notable influx of liquidity. Hence, the price may drop to the local support but may also trigger a rebound and head towards the pivotal resistance above $0.3.