How Will Dogecoin Price Respond If XRP Reaches $5?

Technology

How Will Dogecoin Price Respond If XRP Reaches $5? – Crypto News

Published

1 day ago

April 2, 2025

Dripp

Dogecoin (DOGE) price has been stagnant over the past week, dropping by 10% in the same period. Despite some recovery in the broader crypto market, the meme coin is still eyeing for more gain ahead. XRP, on the other hand, remains above its key support level of $2. The market is keenly watching if XRP could reach $5, as it may influence other cryptocurrencies like Dogecoin.

What Will Happen to Dogecoin Price If XRP Hits $5?

The Dogecoin price could see notable movement if XRP reaches $5, potentially influencing the entire cryptocurrency market. Currently, the XRP price is hovering at $2.07; the Ripple price would need to climb around 142% to hit the $5 target.

At its current price of $0.1688, If the Dogecoin price were to rally with the same increase as XRP, the DOGE would be approximately $0.4218.

Source: TradingView

DOGE Shows Potential for Growth with TD Sequential Buy Signal

Crypto analyst Ali has recently highlighted that the Dogecoin price is currently positioned at the lower boundary of its parallel price channel. The TD Sequential Indicator has also flashed a buy signal on the weekly chart, suggesting potential upward movement.

This development is important for investors monitoring DOGE’s price behavior. The recent signal from the TD Sequential Indicator may imply that the cryptocurrency is at a crucial point for potential growth.

Is DOGE Price Set for a Rebound or Continued Decline?

The DOGE price has recently shown significant bearish movement, slipping below key support levels. As of April 2, 2025, the price of DOGE is trading at $0.1683, marking a noticeable drop from its earlier highs. This shift has raised concerns among traders, particularly as the price struggles to hold its ground.

The Relative Strength Index (RSI) sits at 41, indicating that Dogecoin is currently in a neutral state, neither oversold nor overbought. This suggests that there is room for further movement in either direction. The Moving Average Convergence Divergence (MACD) shows a bearish momentum as the MACD line is below the signal line, highlighting a potential continuation of the downtrend.

Key Levels To Watch

The most immediate support zone lies at $0.15, followed by slightly stronger support at $0.1650. If the Dogecoin price prediction fails to maintain its current level, a drop towards $0.15 could occur, marking a critical point for potential buyers to step in.

On the upside, the DOGE price will need to reclaim the $0.2 level to build any bullish momentum. However, resistance is strong around the $0.25 mark, making a swift recovery challenging unless market conditions improve.