XRP Shows Bullish Signs for an Early Rally, While Dogecoin Experiences Massive Whale Dump
XRP Shows Bullish Signs for an Early Rally, While Dogecoin Experiences Massive Whale Dump
XRP has displayed strong bullish momentum, experiencing a significant price increase that suggests an early 'Santa rally' and a potential 53% surge towards $3.48. In contrast, Dogecoin has faced considerable selling pressure, with major holders liquidating billions of DOGE, causing its price to decline, despite occasional playful teases from Elon Musk.
XRP Bulls Eyeing $3.48 Amid Early Santa Rally Signals
According to Utoday, XRP has experienced a significant price increase of 7.69% over the past weekend. This bullish movement has led crypto traders to anticipate an early 'Santa rally,' with technical indicators like Bollinger Bands suggesting a potential 53% surge, which could push the altcoin's price to approximately $3.48. This indicates strong positive sentiment and market expectation for XRP, positioning it for potential significant gains.
Dogecoin Whales Conduct Massive Sell-Off as Price Plummets
Conversely, Dogecoin has faced considerable downward pressure. Reports from Utoday indicate that major Dogecoin holders have liquidated over 3 billion DOGE, an amount valued at approximately $520 million, within a 30-day period. This massive sell-off has caused DOGE's price to decline, drifting near the $0.17 mark. The news of the dump overshadows any potential positive sentiment from Elon Musk's casual mentions of a 'Moon mission' for the meme coin, highlighting significant selling pressure from large holders and a negative short-term outlook for DOGE's price.