The cryptocurrency market is recovering from Bitcoin’s traumatic fall to $57K. At press time, Bitcoin was hovering at $58K, down 1.57% in the last 24 hours. Similarly, Ripple (XRP) and Dogecoin (Doge) have also experienced fluctuations.
Ripple (XRP), which recently achieved a major victory by winning its legal war against the US SEC, is trading in the green, up 0.18% in the last 24 hours.
In addition to this, Dogecoin (Doge), another popular meme token, is currently sitting at $0.1004, down 1% in the last 24 hours. Here’s how XRP and Dogecoin may end the month of August 2024.
Also Read: Ripple: AI Sets Price For XRP For August 20
August End Price Predictions for Ripple (XRP) and Dogecoin (Doge)
Dogecoin (Doge)
Dogecoin is a popular meme token that stands shoulder-to-shoulder in the queue with leading crypto tokens.
Tesla CEO Elon Musk has often endorsed the token, which is currently one of the most trending coins in the cryptocurrency world. However, Doge has yet to witness a stellar bull run. The token has spent most of its time trending in red this year and is awaiting its bullish price hike shortly.
According to CoinCodex, Doge may reach the $0.89 price level by August 31st, recording an 11% decline. Similarly, by September 17, the token may further deteriorate, noting a 13% fall in its price.
According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -13.81% and reach $0.086712 by September 17, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 31 (fear). Dogecoin recorded 9/30 (30%) green days with 12.10% price volatility over the last 30 days.
Ripple (XRP)
XRP is one of the most popular tokens currently sweeping the cryptocurrency market. The token has finally regained its freedom from the shackles of the US SEC, which had restricted XRP from charting its price path earlier.
The token has emerged victorious in its four-year legal spat with the US SEC. At the same time, Ripple’s strategy to forge global collaborations for XRP also bears fruit, helping the token ace new price highs.
Also Read: Shiba Inu Mid-August Price Prediction: Will SHIB Boom Or Tank?
According to CoinCodex, XRP may end August on a positive price note. CC shares that the token may witness a sharp price hike of 26% to trade at the $0.72 price mark.
By September 17, XRP may stabilize to hit the $0.68 price mark.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.72% and reach $0.686821 by September 18, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 28 (fear). XRP recorded 16/30 (53%) green days with 5.68% price volatility over the last 30 days.”
Credit: Source link