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This Historical Pattern Could Push Dogecoin to $1.60

Albert Brown
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This Historical Pattern Could Push Dogecoin to $1.60

A market analyst has identified a historical Dogecoin pattern suggesting a possible 800% price increase to new price heights.

Dogecoin (DOGE) is showing signs of accelerating growth, with technical patterns pointing toward a possible breakout continuation. Notably, a repeating structure observed on the weekly chart suggests that the meme coin may be entering its most aggressive leg yet, with projections indicating a potential target near $1.60 if momentum holds.

Dogecoin Price Repeating Historical Growth Cycles

This commentary came from Bitcoinsensus, a market analytical resource. Specifically, its Dogecoin long-term chart outlines a consistent pattern of expansion followed by consolidation.

The first major leg in this recurring cycle began in October 2023, when DOGE was trading around $0.06. Over the following months, buying pressure accelerated, driving the token to $0.23 by March 2024.

According to the chart, this surge represented a 300% gain, marking the start of the repeating structure. Importantly, this breakout established a higher base of support near $0.10, where price consolidated after the rally cooled.

Following the consolidation period, the second uptrend started in August 2024, with DOGE price trading close to $0.08–$0.09. The move gained momentum in the months that followed, reaching a peak of $0.48 in December 2024.

Dogecoin 1W Chart Bitcoinsensus
Dogecoin 1W Chart | Bitcoinsensus

This growth represented a 500% rise from its base, confirming the growth pattern identified in the chart. After the peak, the token retraced back toward the $0.18–$0.20 range, but the correction still formed a stronger support floor than before, showing that buyers were holding positions at higher levels.

The most recent leg began in mid-2025, when DOGE rebounded from the $0.18 zone. At press time, the price has surged past $0.25, breaking out of resistance structures seen on shorter timeframes. The chart suggests this cycle could expand into an 800% rally, which would project a potential peak near $1.60.

The pattern shows a consistent trend. Specifically, each corrective phase has been followed by a sharper rally, and each cycle has produced progressively stronger support zones. This suggests that long-term accumulation is taking place alongside price expansion, confirming the bullish trajectory visible in the chart.

Dogecoin Short-Term Charts Show Breakout Confirmation

Meanwhile, shorter timeframes show the broader structural narrative. On the four-hour Dogecoin price chart, we see that DOGE recently broke out of a descending resistance line that had limited recovery attempts throughout September.

The breakout occurred after Dogecoin retested the $0.22 to $0.23 zone, a key area where buying activity consistently re-emerged. Following this retest, DOGE surged to trade around $0.255, signaling a successful breach of the downward trendline.

Notably, the Awesome Oscillator (AO) shifted into positive territory, reflecting strengthening upward momentum after several weeks of bearish pressure. Volumes also expanded as the breakout occurred, pointing to stronger participation from market traders.

Dogecoin NEw1v1v1v1111111
4-hour DOGE/USDT Chart | Source: TradingView

Immediate levels now lie at $0.27 and $0.30, which represent earlier rejection zones. Sustained moves above these thresholds would confirm the continuation of the rally and lend further credibility to the long-term target outlined in the weekly chart.

On-chain data reinforces the technical picture by showing a rise in Dogecoin’s role within decentralized finance. According to data from DeFiLlama, the total value locked (TVL) in Dogecoin-based protocols has risen to $22.13 million, an 8.27% increase within the past 24 hours. This marks steady growth in participation and adoption, extending Dogecoin’s influence beyond speculative trading.

The coming sessions will determine whether DOGE can sustain momentum above $0.25 and challenge resistance near $0.30. Should these levels hold, the technical case for continuation toward higher targets will strengthen. 

Here Are 3 Events That Left XRP Holders Furious This Week

Lele Jima
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Here Are 3 Events That Left XRP Holders Furious This Week

Crypto commentator Jfab has highlighted several events that have made the XRP community “furious” this week. 

This week began with several investors excited about October, which has historically been associated with sharp price spikes. While optimism was running high among crypto traders who were hopeful for another round of substantial gains, the enthusiastic mood quickly turned sour for some XRP holders. 

Events That Made XRP Holders Furious This Week 

In an X post, crypto commentator Jfab highlighted a few developments that he believes have left XRP holders furious. 

SWIFT’s Partnership with Chainlink 

On September 30, SWIFT and Chainlink announced an expanded partnership to launch a new system for financial institutions. Notably, the new system would allow financial institutions to manage tokenized assets directly through the existing SWIFT messaging network and the Chainlink Runtime Environment. 

However, the announcement did not sit well with many XRP holders. Previously, some influencers in the XRP community had speculated that XRP might one day replace SWIFT or, at the very least, operate in tandem with the financial messaging giant. 

With SWIFT instead unveiling its own blockchain ledger and extending its partnership with Chainlink, Jfab emphasized that several XRP community members are furious with the development.

David Schwartz Steps Down as Ripple CTO 

Notably, Jfab highlighted David Schwartz’s resignation as Ripple CTO as another event that left many XRP holders frustrated. On September 30, Schwartz disclosed that he would step down as Ripple’s CTO by the end of the year and would join the company’s board as Emeritus CTO. 

His resignation left many XRP holders stunned, given his longstanding relationship with the community. As a co-founder of the XRP Ledger (XRPL), the technology behind XRP, he has consistently engaged with community members and often stood alongside them to counter negative narratives about the ecosystem. 

For example, in August, when Custodia Bank CEO Caitlin Long claimed that banks avoid XRPL and XRP over centralization concerns, Schwartz requested a discussion to challenge her assertion by providing relevant facts. 

Although Schwartz will still engage with the community as an Emeritus CTO, Jfab believes the XRP Army is furious with the latest move. 

XRP ETF Approval Could Be Delayed 

To add to the unease, reports of a potential prolonged U.S. government shutdown have stirred fresh anxiety. Nate Geraci, the President of NovaDius Wealth Management, emphasized that a prolonged shutdown could stall the approval process for multiple crypto ETFs, including those focusing on XRP. 

His assertion follows a recent SEC announcement confirming that the agency will not approve new financial products during a government shutdown. 

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Many enthusiasts had anticipated that the SEC would greenlight ETFs tied to XRP this month, viewing such approval as a catalyst for mainstream adoption and price growth. 

However, with reports suggesting a prolonged shutdown may be imminent after lawmakers failed to reach a funding agreement, the SEC’s final decision on XRP ETFs could face significant delays. 

XRP Loyalty Deserves More Than Words: Leading Exchange

Abdulkarim Abdulwahab
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XRP Loyalty Deserves More Than Words: Leading Exchange

Uphold, one of the largest U.S.-based crypto exchanges, has hinted at a major upcoming feature for XRP holders.

In a post on X, the platform stated that the loyalty of the XRP Army is about to be recognized with more than just words. This statement stirred discussions that Uphold could be on the verge of launching its long-awaited XRP yield service.

Uphold’s Unique Bond with XRP Holders

Uphold has long been regarded as the “XRP exchange”. Notably, it holds over $6 billion worth of XRP on behalf of users, more than ten times the amount of Bitcoin stored on the platform.

According to CEO Simon McLoughlin, these holdings are not hype-driven but built on trust, with users continuing to support the exchange even during turbulent times.

For context, Uphold was the only major U.S. exchange that refused to delist XRP when the SEC filed its lawsuit against Ripple in late 2020. This decision cemented its reputation within the XRP community, distinguishing it from rivals like Coinbase, Kraken, and Binance.US, which temporarily suspended XRP trading for American users.

Yield Feature Nearing Launch

In September, Uphold confirmed it is “closer than ever” to delivering yield on XRP, a feature that has been consistently requested by the community. The exchange noted that it had identified “several promising ways to deliver it,” suggesting that the upcoming announcement could be linked to this loyalty-focused message.

This move comes at a time when XRP is seeing new opportunities in decentralized finance. Flare Network’s FAssets protocol has unlocked FXRP. This tokenized version of XRP gives holders access to lending, trading, stablecoin minting, and even liquid staking. Demand has already proven intense, with the first week’s 5 million FXRP cap reached in just hours.

Loyalty Turning into Opportunity

Uphold’s tweet suggests that the loyalty of XRP holders, which carried the exchange and its users through the toughest chapters of the Ripple-SEC saga, is now set to be rewarded in a tangible way.

In July, Uphold, in partnership with Zebec Network, airdropped ZBCN tokens to U.S. users holding at least 25,000 XRP.

The move continues Uphold’s trend of rewarding XRP holders, following a $50,000 XRP giveaway during the recent XRP Vegas 2025 event.

Before that, the exchange ran an XRP Sweepstakes promotion that spanned several months. The final round in October 2024 offered a $20,000 XRP grand prize and $5,000 split among five runners-up.

Meanwhile, in December 2023, Uphold launched Uphold Vault, an assisted self-custody solution that gave early access exclusively to XRP holders.

Given its rich history of XRP-focused campaigns and rewards, some users now speculate that the platform’s oldest supporters could even receive a special gift to further recognize their loyalty.

As Uphold put it, this loyalty deserves more than words, and soon, XRP holders will find out exactly what that means.

VivoPower Raises $19M to Expand XRP Treasury

Mark Brennan
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VivoPower Raises $19M to Expand XRP Treasury

Nasdaq-listed VivoPower International PLC has deepened its digital treasury pivot with a fresh capital raise, signaling strong corporate confidence in XRP.

Specifically, VivoPower, a sustainability-focused enterprise, announced that it had successfully raised $19 million through an equity offering. The company issued new common shares at $6.05 per share, a level higher than its previous market close.

According to the company, proceeds from the capital raise will be directed toward building a larger XRP treasury. At the same time, the funds will help retire outstanding debt obligations. Moreover, the offering was placed with long-term institutional investors across the United States and international markets.

Notably, this fundraising effort builds on a previously announced Regulation S investment. In fact, that earlier round was led by Prince Abdulaziz bin Turki bin Talal Al Saud.

The announcement triggered an immediate rally in VivoPower stock, with shares surging 14% on Wednesday to close the regular trading session at $5.13.

Partnership with Doppler Finance for Yield Programs

The capital raise follows a major development earlier this year, when VivoPower signed a partnership with Doppler Finance. The collaboration focuses on building advanced XRP yield programs tailored for institutional investors.

The project will begin with a $30 million pilot deployment, with scope to expand to $200 million over time. According to VivoPower, the initiative is structured as a “regenerative loop.”

Under this model, yields generated from XRP deployments will be reinvested into company reserves, creating a self-sustaining cycle of growth.

Becoming a Public Company with an XRP Treasury

VivoPower formally shifted its financial strategy on May 28, 2025, becoming one of the first Nasdaq-listed firms to center its treasury around XRP digital assets. The company aims to establish itself as a pioneer in bridging the worlds of renewable energy and blockchain finance. 

To support this transformation, the firm has appointed a high-profile advisory team. Adam Traidman, former executive of SBI Ripple Asia, now serves as Chairman of the Board of Advisors. Additionally, Suneet Wadhwa, former Head of Investments at Ripple, has joined the advisory board.

Partnership with BitGo for Custody and Trading

To ensure secure management of its growing crypto reserves, VivoPower has also entered into a strategic collaboration with BitGo, a recognized leader in digital asset infrastructure.

Through this partnership, VivoPower will gain access to BitGo’s over-the-counter (OTC) trading desk and institutional-grade custody solutions. This collaboration will provide both liquidity and security as the firm continues scaling its XRP-focused treasury.

Two Resistance Levels That Could Define ADA October, According to Cardano Permabull

Elendu Benedict
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Two Resistance Levels That Could Define ADA October, According to Cardano Permabull

Long-standing Cardano bull Dan Gambardello has highlighted two critical resistance areas that bulls should watch in October.

The bullish sentiment surrounding October continues to grow as market observers expect the price of cryptocurrencies to respond positively to the historically favorable season. Among those sharing this thought is Gambardello.

His Wednesday analysis already insinuates that Cardano would extend its positive start to the month. For perspective, ADA joined a broader market uptrend yesterday, registering an impressive 6.36% growth over the past 24 hours.

Two Key Resistance Levels to Watch

Should the momentum persist, the Cardano permabull highlighted two levels to watch for ADA. He identified in the tweet that investors should watch those levels, as they could provide supply walls for bulls in October.

The first resistance area, which he described as “very short term,” is the $0.87 price level. Remarkably, Cardano has struggled around the area multiple times recently, and flipping the area to support would be favorable for bulls.

For perspective, Cardano topped around the resistance area in February and May. While it went slightly higher in the past three months, it has failed to sustainably trade above the $0.87 resistance. With ADA barely 2% away from the area, Gambardello has advised bulls to be wary.

Cardano Bull Market Door a Crucial Area

Furthermore, Gambardello identified the $1.25 supply area as the cycle’s resistance to watch. The prominent analyst had previously termed the zone the Cardano “bull market door,” insisting it will mark a remarkable bullish turnaround for ADA if it breaks above.

Meanwhile, he believes that a rally to $1.25 is close and successfully neutralizing the supply pressure around the area will mark the start of a proper parabolic expansion for Cardano. Currently trading at $0.856, ADA would have to rise by 46% to reach this bull market door.

Possible Target If Cardano Breaks Major Resistances

While Gambardello did not provide insight into where Cardano could reach if it breaks above the two major resistances in his tweet yesterday, his earlier analysis does. The permabull predicted in August that Cardano could rally to a new all-time high of $10.025 if it breaks out from the cycle’s resistance level.

The price target, which is 1,071% away from the current market price, is a common target among market analysts. Projections from prominent figures, such as Ssebi and The Modern Investor, all suggest the possibility of Cardano reaching $10.

Other analysts like Ali Martinez predict a similar bullish breakout but with a lower price target. Specifically, the top chartist suggested in September that Cardano is in the early stages of a rally targeting $6.25.

Alphractal CEO Says Investors Should Not Buy XRP Right Now: Here’s Why

Sam Wisdom Raphael
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Alphractal CEO Says Investors Should Not Buy XRP Right Now: Here’s Why

While investors are awaiting a rebound from altcoins such as XRP, BNB, and Solana, a market expert has insisted no one should buy them right now.

The broader crypto market is currently recovering from the latest downtrend that pushed prices to shocking lows, with Bitcoin (BTC) already eyeing the $120,000 psychological mark. Amid this campaign, investors expect their favorite coins to reclaim lost ground and subsequently push toward greater heights.

Alphractal CEO Says Do Not Buy XRP, BNB, and Solana Now

However, as the optimism mounts, Joao Wedson, founder and CEO of market resource Alphractal, believes most of the top crypto assets may not have any more upside left. Specifically, in a recent commentary on X, he suggested that investors should not think of purchasing altcoins such as XRP, Solana, and BNB at their current market positions. 

This charge comes as several market watchers have championed these assets’ potential to deliver impressive returns. For instance, finance expert Coach JV recently warned that when XRP’s bullish moment comes, it would be “fast, unexpected, and unforgiving.” Coach JV advised investors to get in now, as it could be too late when the rally starts.

Moreover, market analyst Matt Hughes has predicted an explosive XRP surge to $26, while projecting Solana to rally immensely above the $1,000 mark. Meanwhile, in August, Rekt Fencer, founder of X DAO, set a BNB price prediction of $3,000 for Q4 2025, and an XRP price of $9.

However, Wedson does not share any of these bullish sentiments around XRP, BNB, or Solana. According to him, the reason behind his cautious stance is that these tokens have already witnessed their moments of explosive gains in the ongoing bull run.

Specifically, since November 2024, XRP has gained by an impressive 492%, while BNB has increased 79%, recently hitting the $1,000 milestone and consistently recording new all-time highs. While Solana has not matched these gains, it is still up 33% since last November.

Wedson States His Reason

Wedson insists that these assets have already risen too much, arguing that they no longer have favorable risk/reward ratios. Interestingly, he even suggested that Bitcoin, which is up over 68% since November, also does not feature a “great” risk/reward ratio. 

According to Wedson, at this stage of the market, he would only opt for crypto assets that have not yet observed remarkable pumps. In addition to this, the market analyst also stressed that these assets on his radar show strong signs of potential breakouts from their accumulation phases.

Speaking further, he charged investors not to commit capital into an asset just because they “love” the underlying project. Instead, he advised them to invest in tokens at logical positions with favorable risk/reward ratios. 

When asked which assets he believes are in favorable positions right now, Wedson mentioned meme coins Shiba Inu and Dogecoin, Cardano, Toncoin, Polkadot, Coti, and others. However, it bears mentioning that on the weekly timeframe, XRP’s RSI sits at 56, on par with DOGE at 55 and close to DOT at 50. 

Expert Predicts Timeline for Shiba Inu to Break $0.00008845 With Firm Conviction

Lele Jima
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Expert Predicts Timeline for Shiba Inu to Break $0.00008845 With Firm Conviction

A prominent Shiba Inu community commentator has expressed his firm conviction that SHIB will set a new all-time high (ATH), by predicting a timeline.

With just three months remaining in the year, community member YourPOP maintains that Shiba Inu is on track for a major rally. He predicted that the token would surpass its previous all-time high before the end of the year. 

Shiba Inu to Surpass $0.00008845? 

For the uninitiated, Shiba Inu’s ATH came on October 28, 2021, exactly four years ago. At the time, it reached a peak price of $0.00008845 per token. This incredible feat saw SHIB rally more than 150 million percent from its launch price of $0.000000000056. 

Since achieving the milestone, Shiba Inu has endured a prolonged market downturn, struggling to stage a rebound. For much of its existence, the token’s price has remained stuck in the $0.00001 range with limited upward momentum.. 

Despite the extensive bearish trend, YourPOP maintains that the token could set a new ATH this year, challenging its nearly 250,000 X followers to bookmark the post. This implies that YourPOP expects SHIB to surpass the previous $0.00008845 within the remaining three months of 2025. 

To achieve this, Shiba Inu must surge 603.49% from its current price of $0.00001258 to retest its record high of $0.00008850. This estimated price translates to a market cap of $52.14 billion, assuming Shiba Inu’s supply remains around 589.24 trillion tokens. 

Optimism for a Rebound Accelerates 

YourPOP’s bold prediction reflects a growing optimism within the Shiba Inu community that the current bull cycle could propel SHIB to a new ATH, with analysts like “Anonymous” and Eunice Wong believing the token could set an ATH of at least $0.0001 this year. 

This momentum has strengthened recently, with reports pointing to a steady decline in Shiba Inu’s exchange reserves. The amount of SHIB held on exchanges has dropped to a two-year low of around 84 trillion tokens, potentially easing selling pressure. 

This trend suggests that more investors are choosing to withdraw their holdings from exchanges, indicating a preference for holding rather than selling the token. 

Shiba Inu’s historical performance in the fourth quarter has also fueled optimism for a potential rebound. Since its launch in 2020, SHIB has recorded only one negative Q4. This happened in Q4 2022, when its price retraced by 28.94%. 

In contrast, Q4 2021, 2023, and 2024 delivered gains of 364%, 41%, and 20%, respectively. This track record has led many investors to anticipate a continuation of the bullish trend this year. Just two days into Q4 2025, Shiba Inu has already spiked 6.45%. 

Shiba Inu quarterly returns
Shiba Inu quarterly returns

However, despite the strong start, critics argue that SHIB’s massive token supply remains a significant hurdle, casting doubt on its ability to secure major gains or surpass its previous ATH. 

Pundit Reveals Two Factors that Matter Most for Moving XRP Price

Sam Wisdom Raphael
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Pundit Reveals Two Factors that Matter Most for Moving XRP Price

XRP community figure and game designer Chad Steingraber has emphasized that two factors determine XRP’s price action when it comes to capital flows.

The reminder comes at a time when XRP is struggling to regain momentum after slipping below the $3 mark, a level many traders had regarded as a psychological floor. Despite the decline, XRP managed to hold support above $2.60 and recently recovered to higher levels.

In a recent disclosure on X, Steingraber, who has been monitoring netflows across exchanges, explained that the crucial battleground currently sits around $2.68. 

According to him, XRP continues to hold this line even though exchange data shows outflows outpacing inflows. Notably, he claimed that this is a healthy sign, suggesting the market may have established a proper price floor at this level before the next upward push.

Net Flows and Velocity Matter for XRP

Meanwhile, during the discussion that ensued, a trader asked him whether exchange-traded funds (ETFs) would naturally create more inflows than outflows once they launch. 

In response, Steingraber explained that the important part is not only the direction of flows but also their speed and magnitude. 

He noted that net inflows can have very different impacts depending on how quickly they arrive. For instance, a billion dollars moving into XRP in a single day would affect the price far more dramatically than the same amount spread slowly across a year.

To put things into perspective, netflows reveal whether more capital is entering or leaving the asset, but velocity shows the intensity and pressure those movements create. 

Essentially, quick surges of inflows can trigger sharp rallies, while steady but sluggish inflows may not provide the same momentum. This helps explain why some coins react with explosive gains after sudden buying interest, while others show little response even when money enters consistently.

XRP ETF Anticipation

Steingraber’s comments come during the market’s anticipation of several XRP ETFs. Specifically, multiple issuers, including Grayscale, 21Shares, and Canary Capital, expect decisions from regulators in October, while Franklin Templeton is awaiting a ruling in November. 

In a recent update, journalist Eleanor Terrett revealed that the SEC has requested issuers of ETFs for XRP, Litecoin, Solana, Cardano, and Dogecoin to withdraw their previous filings. 

This step follows the introduction of new generic listing standards that eliminate the need for those older forms. She added that withdrawals could begin within days.

Bloomberg ETF analyst Eric Balchunas responded by noting that this move had been expected and that the updated framework makes older filings unnecessary. However, he noted that the exact rollout timeline for the new funds remains uncertain, with more details likely to emerge soon.

Industry analysts now believe XRP ETF approvals are almost guaranteed under the revised process, with many expecting the SEC to confirm favorable decisions before the end of October. Optimism around the products comes from the view that ETFs will lead to institutional capital and attract significant inflows into XRP.

Canary Capital’s CEO Steven McClurg recently projected that XRP ETFs could see as much as $5 billion in inflows within their first month of trading. If this forecast materializes, Steingraber’s analysis could become a reality.

XRP Records Highest Quarterly Close in History, Here’s What It Means For Price Action

Sam Wisdom Raphael
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XRP Records Highest Quarterly Close in History, Here’s What It Means For Price Action

Despite the recent price struggles, market data confirms XRP recorded its highest quarterly close in history at the end of September 2025.

Prominent market commentator Mr. Xoom first highlighted this impressive milestone in a post on X today, confirming that XRP has actually been on an uptrend over the past three months despite the prevalent bearish sentiments that have engulfed the community.

XRP Records Highest Quarterly Close 

For context, XRP closed September 2025 at a price of $2.846, representing a bullish end to the monthly candle and the 3-month (quarterly) candle. With this price, XRP closed September 2025 with a 2.55% increase, slightly making up for the 8.15% decline it witnessed in August 2025. 

Moreover, the $2.846 value represented XRP’s third-highest monthly candle close in history, only behind the $3.03 close recorded by the altcoin in January 2025 and the more recent $3.02 close from July 2025.

XRP Records Highest Quarterly Close
XRP Records Highest Quarterly Close

Meanwhile, with XRP recently observing the end of Q3 2025, the $2.846 price marked the altcoin’s highest quarterly close in its history, beating the previous record of $2.23 recorded in Q2 2025. This is especially important, as the closing price for Q3 2025 represented XRP’s resistance for Q4 2024, indicating that XRP has conquered this area and established a support structure around it.

Notably, having begun Q3 2025 at $2.23, the recent closing price meant that XRP gained an impressive 27.16% in the quarter. This makes it the best-performing quarter so far this year.

XRP Performs Best in Q4

Interestingly, further data shared by Mr. Xoom also reveals that XRP tends to perform best during Q4, the last quarter of each year. Market commentators have often commended XRP for its susceptibility to rapid price spikes when investors least expect. Notably, most of these rapid price spikes have occurred in Q4.

For instance, the latest of such explosive gains came in Q4 2024 (from October to December 2024), when XRP soared by an impressive 240% to close above the $2 mark. Before then, Q4 2023 also saw some mild gains despite XRP mostly underperforming throughout that year.

While the fourth quarter of each year from 2018 to 2022 was marred by losses, this was largely due to a fundamental weakness in XRP’s price structure, which some attribute to suppression techniques. Before that, XRP observed another explosive surge in Q4 2017, when it rallied 1,064%. This represented its highest-ever quarterly gain.

Notably, in Q4 2014, XRP witnessed another 426% increase and a 150% rise the year before that. Overall, on average, XRP has an average increase of 140% in the fourth quarter, making it its best-performing quarter historically.

Mr. Xoom’s commentary suggests that the outlook as XRP enters another fourth quarter is predominantly bullish. If XRP follows the 140% average increase in this quarter, it would end the year with a price of $6.81, representing a new all-time high and marking a yearly increase of 228%.

Expert Reveals Why He Keeps Buying the XRP Dip

Sam Wisdom Raphael
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Expert Reveals Why He Keeps Buying the XRP Dip

Amid the ongoing market downturn, an XRP community figure has revealed what encourages him to continue buying XRP during the dip.

According to Digital Asset Investor (DAI), he only thinks about one thing while he embarks on his “buy-the-dip” campaign, citing an ambitious prediction for the broader crypto market from market veteran Raoul Pal. Notably, when compared to the current position of the market, Pal expects a massive growth over the next few years.

Raoul Pal’s Bold Prediction

For context, the Real Vision founder suggested in August that the growth of the crypto market seems to mirror the early adoption pace of the internet. He shared a graphic comparing the global crypto market cap and the scale of other markets such as debt ($300 trillion), global real estate ($400 trillion), global equities ($100 trillion), and M2 money supply ($80 trillion).

With the crypto market only holding $4 trillion in value when Pal made this disclosure, there seems to be much room for expansion. According to Pal, with the global crypto market following the trajectory of the internet’s adoption, it is poised to reach a massive $100 trillion valuation by 2035. 

Crypto Market Cap Prediction Raoul Pal
Crypto Market Cap Prediction | Raoul Pal

Interestingly, the market has since slumped below the $4 trillion mark amid the ongoing downturn, slipping to around $3.76 trillion at the time of DAI’s commentary. While this bearish position compared to Pal’s projection may discourage other investors, DAI insists it is the reason he has continued to buy more XRP.

DAI Reveals Reason He is Buying the XRP Dip

“This is all I think about while I buy the XRP dips,” he said. Notably, his statement suggests there is a firm belief that the global crypto market may soar to Raoul Pal’s target or reach a similar level in the coming years. If this happens, altcoins like XRP will benefit immensely, rewarding investors who bought at today’s low prices.

Currently, with the crypto market cap sitting at $3.86 trillion, XRP has a market dominance of 4.41%, holding a valuation of $169.93 billion. If XRP maintains this dominance while the market reaches the ambitious $100 trillion level, its price could soar to unimaginable heights.

Specifically, with a $100 trillion global crypto market cap, a 4.41% dominance would translate to a $4.41 trillion valuation for XRP. Supposing its circulating supply sits at around 80 billion, then the $4.41 trillion market cap would push prices to $55.13 per XRP. Notably, this represents an increase of 1,841% from the current XRP price of $2.95.

To put things into perspective, a $50,000 investment today would soar to nearly $1 million if this $55 price materializes. DAI sees this prospect as the major motivation to keep accumulating more tokens. Interestingly, market expert Ali Martinez confirmed that whales are also amassing more tokens amid the dip, having bought 120 million XRP in three days. 

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