The cryptocurrency market is currently in recovery mode. Due to changing geopolitical narratives and dynamics, Bitcoin fell significantly last week, trading at $60,000. However, BTC has regained some of its lost strength and is now at $62,000. The altcoin market is also reacting positively to this change, with Ripple (XRP) and Dogecoin (Doge) awaiting a bullish price outlook. Will it be able to regain new highs in October this year?
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Ripple (XRP) price prediction
Source – CryptoRank
Ripple is one of the leading cryptocurrencies in this space. With the progress of the Bitwise XRP ETF, XRP is back in the spotlight and consistently on the top of the radar. The token also creates a way to spark the interest of institutional investors, who will do everything possible to climb the high ladder.
According to CoinCodex, XRP has surged 27% and could reach a new price of $0.67 by October 15th. The token is currently trading at a price pedestal of $0.54.
Image: CoinCodex
By the end of October, Ripple could reach a new high of $0.64.
Image: CoinCodex
“According to our current XRP price forecast, the XRP price is predicted to increase by 19.11% and reach $0.645031 by November 6, 2024. According to our technical indicators, the current sentiment is bearish However, the Fear & Greed Index shows 50 (neutral). XRP recorded 17/30 (57%) green days with a price volatility of 5.48% in the past 30 days. Based on XRP predictions, now is a bad time to buy XRP. ”
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Dogecoin (Doge) Price Prediction
Source – Token Metrics
Dogecoin is definitely one of the favorite meme coins for crypto traders to trade and interact with. The token has been stuck in a consolidation phase for a long time, failing to break through a key price milestone and currently sitting at $0.1136.
According to CoinCodex, Doge is likely to fall further by October 15th, recording a 3% decline. It is likely to trade at the $0.109765 price level.
Image: CoinCodex
By the end of October 2024, Doge is likely to remain at a stable price benchmark of $0.098224.
Image: CoinCodex
“According to our current Dogecoin price forecast, Dogecoin price is predicted to decline by -13.41% and reach $0.098224 by November 6, 2024. According to our technical indicators, the current sentiment is neutral, but the fear and greed index is showing 50” (neutral). Dogecoin recorded 18/30 (60%) green days with a price volatility of 7.37% in the past 30 days. Based on Dogecoin predictions, now is a good time to buy Dogecoin. ”
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