The Feds first rate cut in years has set the scene for what could be a pivotal week for cryptocurren
The Feds first rate cut in years has set the scene for what could be a pivotal week for cryptocurrencies. With stablecoin reserves stacked and risk appetite alive and well, major and meme coins alike are preparing for their next tests: XRP is eyeing $4.20, Bitcoin is pushing toward $130,000 and Dogecoin is gearing up for its first ETF listing.
XRP on verge of $4.20 breakout
XRP is trading at $3.12 on the weekly time frame, which is good news as it is holding above every key moving average. These are the 26 EMA at $2.65, the 50 MA at $2.28, the 100 EMA at $1.73 and the 200 EMA at $1.24. What we can see here is that the structure is not only intact but also building strength. It is the kind of chart that does not look tired yet, even after a 700% run from $0.50 to $3.50 earlier this year.
The number in focus now is $4.20. That level was marked as the breakout checkpoint when XRP was consolidating inside its triangle, and it is back on the radar as the next step that makes sense. If it is cleared, it will create space for much higher targets, and that is where the debate begins.
Bullish scenario:
Bearish scenario:
Right now, $4.20 is the key number that everyone involved in the market is watching.
Bitcoin gears up for $130,000 push
Bitcoin is trading at $117,350 on the weekly chart, and the surrounding discussion has not changed much. Is it the inflation hedge that justifies the “digital gold” label, or is it still Nasdaq's unruly cousin, moving faster when liquidity is pumped back into risky assets?
The Feds rate cut does not settle the debate, but it provides arguments for both sides; uncertainty over inflation is supportive of gold as a hedge, while easier monetary policy also fuels tech-style beta trades. The important thing right now is that BTC is trading just below the $118,000-$120,000 range, which is the only real barrier left before the conversation begins to focus on a new price record.
Bullish scenario:
Bearish scenario:
Right now, the $120,000 mark is what everyone is focusing on — and once it has been reached, it will not take much to convince the Bitcoin market to rise further.
Dogecoin ETF fuels meme coin bulls
The price of Dogecoin is currently at $0.282 on the weekly chart, and for the first time in a long time, the narrative is not being driven by memes. The REX Osprey Dogecoin ETF (DOJE) is set to be listed this week, offering DOGE a level of institutional exposure it has never had before.
Whether or not the product attracts serious investment is almost secondary; the market usually reacts to the idea first, and that alone could trigger the next round of volatility. Technically, the coin is well positioned for this.
Bullish scenario:
Bearish scenario:
For now, DOGE's ability to test the $0.30 mark is dependent on the ETF listing providing it with a narrative spark.
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