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The markets are recovering, and cryptocurrencies are starting to turn green again. The weekend has arrived. Generally, weekends are calm due to lower volumes. However, during exceptional periods, we have witnessed whales significantly triggering volatility in a low-volume environment. What if it happens again?
XRP Coin Analysis
Ripple, having confirmed significant gains in its case, is now stronger against the SEC. Despite the movement in BTC price, the XRP Coin price lingering at $0.56 confirms this. However, the overall market sentiment needs more recovery. The rapid reversal of the rise after last week’s nightmare has worn out investors significantly.
XRP Coin has been moving around the EMA20 level of $0.57 for a few days. The short-term upward trend is confirmed by the movement around EMA20, and a close above $0.58 will trigger a breakout. Thus, the XRP Coin price could move to $0.64 and then $0.73.
Conversely, a close below $0.54 could trigger a drop to $0.46.
Dogecoin (DOGE) Price Prediction
The $0.1 level is being lost and regained. DOGE is on the edge, and as BTC approaches $60,000, the strength of short positions on Binance increases. In a challenging environment with weak demand and battered altcoins, the direction can more easily be downward. If the EMA20 at $0.11 can be reclaimed, the price could rise again to $0.18.
If DOGE bulls continue to fail, a decline to $0.09 and $0.08 below $0.1 could occur. Supportive factors for DOGE are weak. Elon Musk doesn’t care much about it, and no concrete steps have been taken towards the goal of building its own ecosystem announced months ago. No tangible product has been presented following the budget announced for developer recruitment.
TON Coin Price Prediction
The ecosystem is growing, and more Telegram-linked projects are starting to enter exchanges. This is supportive for the TON Coin price. Although the SMA50 level of $6.89 was regained on August 14, we saw dominant selling at higher levels, confirmed by the long upper wick. If there are closes below the EMA20 level of $6.45, $6.05 could be targeted, and in the opposite scenario, $7.65 could be aimed for.
