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Following
DOGE 
XRP Cryptocurrency analyst Ali Martinez pointed out that the increasingly tightening technical pattern of Dogecoin (DOGE) and XRP prices could pave the way for strong markets in the coming period. The analyst shared key resistance levels for two types of altcoins that need to be focused on in the short term.
According to Martinez, Dogecoin continues to consolidate within a descending triangle. He pointed out that as prices approach the peak of the pattern, their range of volatility is narrowing, suggesting that the current consolidation portends a possible breakthrough in DOGE.
On Dogecoin, Martinez pays close attention to the key level of $0.095. According to analysts, if the 4-hour K-line closes above this level, an upward breakthrough may be confirmed. In this case, Dogecoin is expected to start rising to $0.106.
XRP is about to usher in a major market?
Martinez also pointed out that major price changes for XRP may be imminent. He said that in the past week, giant whales have mostly remained on the sidelines, and large investors have not seen any significant changes in their XRP positions. However, he pointed to the fact that prices continue to be squeezed into a triangular pattern.
The fact that XRP prices are also close to the peak of this pattern has boosted expectations that its volatility may increase again. According to Martinez, the key resistance for XRP is at $1.53.
Analysts said that if the 4-hour K-line closes above $1.53, a bullish breakthrough will be confirmed, and predicted that in this case, the price may move towards $1.62.
This article does not constitute investment advice.
