Ripple’s XRP, one of the top-performing cryptos last year, is trading between $2.15 and $2.30. The token’s current price is a far cry from its 52-week high of $3.38 last January 17th, which was spurred by the industry’s excitement over US President Donald Trump’s reelection. 

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Although XRP joins the downtrend of the broader crypto market, a few commentators and analysts expect that Ripple is due for a major rally. According to crypto analyst Egrag Crypto, Ripple’s XRP is set for another price run after it compares the asset’s current Elliot Wave structure with its 2017 fractals.

XRP Continues To Weather The Storm

Egrag Crypto’s latest price analysis and projection for XRP come as the altcoin and the broader crypto market slump. The Ripple’s coin is holding steady above the critical $2 price support, which suggests it follows the broad five-wave Elliott Wave chart. Traditionally, assets replicating the Elliott Wave structure often incur significant price action.

#XRP = Thread (1/7) #XRP: Double Digits This Cycle, Triple Digits Next!

The thread below about #XRP was shared in the Subscribers section on February 12, 2025.

We’ve built together the Full Elliot Wave Count to assess our next Targets:

Take an in-depth look at it! … pic.twitter.com/NKv00Y5MZD

— EGRAG CRYPTO (@egragcrypto) March 12, 2025

Based on Egrag’s assessment, XRP is currently in the second wave of the Elliot Wave structure, which is traditionally defined by high price volatility and corrections.

Traders And Investors Must Watch Out For The Larger Wave Structure

In a Twitter/X post, Egrag explained that XRP is in its corrective wave two and is primed for a price run to double digits or even over $100.

The analysts elaborated that a Wave 2 often retraces a part of Wave 1, usually matching 50%, 76% or even 85.4% of the initial movement. Ripple’s XRP, he shares, is solidifying its hold in the correction phase.

The asset faces bearish pressure, and the market can expect a double bottom soon before it moves into its Wave 3. EGRAG warns that Wave 3 is the most aggressive part of the cycle, with more volatility.

Can XRP Hit $100 Or More?

Previously, XRP’s Wave 1 pattern submitted a huge 733% increase in price. And by using the Elliot Wave extension formula, the popular analyst projects that XRP’s Wave 3 can extend by 1.618x the gain of the first wave. Using this calculation, Egrag offers a potential surge of 1,185x, translating to XRP’s price range between $22 to $24.

Once XRP hits the peak of Wave 3, the fourth wave and a price correction follows. For this wage, the retracement level ranges between 14% to 38.2% of Wave 3. If this happens, Egrag predicts that XRP’s price can drop to $8.

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Wave 5 of the Elliot Wave follows, where price can be predicted using three methods. First, if XRP’s price grows between 1.236% and 1.618%, the asset’s price can hit between $32 and $48. Second, if Wave 5 replicates Wave 1, the price can be between $60 and $70. Third, if there’s a 61.8% extension of the movements of Waves 1 and 3, then there’s a chance that XRP’s price can hit $100.

Featured image from Medium, chart from TradingView

A popular meme coin has shown signs of recovery as it entered bullish territory with analysts showing optimism for the future of the crypto in the upcoming months. Analysts predict that Dogecoin’s current momentum will push it to a possible 318% rally, giving their insights on what is driving this move upward.

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Price Rally Around The Corner?

An analyst said in a post that Dogecoin could be heading for a 318% increase, which is possible since the breakout experienced by the meme coin aligns with its historical price movements.

“With the breakout target at $0.6533, another +318% increase to reach it can be in the works and prices may only be preparing here to do so,” JavonTM1 said.

Prices of $DOGE (Dogecoin) are still up nearly +129% since breaking out of the pictured resisting trend and with prices still broken out and in a position to confirm another set of Higher Lows, even more upside can be coming!

With the breakout target at $0.6533, another +318%… https://t.co/nhmMIkJgqv pic.twitter.com/Qum16794Li

— JAVONMARKS (@JavonTM1) March 11, 2025

JavonTM1 made the prediction after the meme coin soared by 129% following a breach of a critical resistance trendline. “Prices of $DOGE (Dogecoin) are still up nearly +129% since breaking out of the pictured resisting trend, and with prices still broken out and, in a position to confirm another set of Higher Lows, even more upside can be coming!”

The Bullish Impulse Wave

Analysts used the Elliott Wave Theory to explain the future of DOGE. According to the charts, Dogecoin’s price might be “in the middle of a bullish impulse wave.” They argued that the coin’s volume spikes showed that there was an increase in market participation, supporting the possibility of sustained upward movement.

Meanwhile, a curved trendline on the chart indicates that the meme coin has shifted from a prolonged correction phase into a breakout phase.

Last month, JavonTM1 noted that Dogecoin, hitting $0.6533, is just around the corner. “It’s only a matter of time here with such a major breakout response and climb thus far but a move above is looking more and more likely!”

Potential Rebound

Another analyst believes that DOGE is heading towards a potential price rebound, reinforcing the coin’s bullish outlook.

Ali Martinez used the TD Sequential indicator to explain the likely surge, saying that the indicator has flashed a buy signal on the daily chart, a cue used by investors to identify trend reversals.

Martinez added that this usually happens after a bearish phase, indicating that the meme coin could be moving toward the recovery phase.

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Data showed that DOGE remains in a strong position following the price breakout, indicating possible further gains.

At press time, Dogecoin is traded at $0.1720 per coin with a market cap of more than $25 billion.

Featured image from Pexels, chart from TradingView

A widely followed analyst is leaning bullish on Solana (SOL) over the long term amid an upcoming upgrade.

In a new video, the analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that a proposal to reduce Solana’s inflation rate by around 80% at the end of Epoch 755 heightens Solana’s bullish prospects.

An Epoch is a fixed period during which certain network activities such as governance matters, protocol upgrades, and other related matters are decided and executed.

At the same time, InvestAnswers says the bullish thesis for the sixth-largest crypto asset by market cap is further improved if the U.S. Securities and Exchange Commission (SEC) approves a spot Solana exchange-traded fund (ETF).

“…they’re coming up with this vote to reduce inflation on Solana, which currently is not that bad at all. But that will reduce inflation from about 4.8% down to about 0.86% inflation.

If it passes, if it passes and it’s looking possible that it might… the voting ends at the end of Epoch 755… if this does happen, all of a sudden Solana becomes the hardest layer-one asset.

Remember, Bitcoin inflation is 0.85%. Solana’s, if this passes, will be 0.86%.

And my question is, what happens if a Solana ETF comes? I mean, so much is staked. There’s very little on exchanges. We could see a crazy pump.”

On the reduced staking rewards, the proposal to cut Solana’s inflation rate is likely to have, InvestAnswers says,

“People say, ‘well, if inflation goes down, won’t my staking rewards go down?’ Well, the math of it is your price appreciation will far exceed your staking rewards.

So please think price appreciation – do you want an asset to go from $120 to $240 or do you want an asset to stay at $120 and get 6% or 8% per year. The answer is you want it to double. That will impact price appreciation more.”

Solana is trading at $126 at time of writing.

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