Ripple (XRP) Price Pumping But Dogecoin (DOGE) Remains a Better Bet: DOGE Price Analysis

Master Kenobi on X, expressed his skepticism about Ripple (XRP) despite its recent price surge. He pointed out that XRP's rise has taken it back to its 2021 peak

Despite Ripple's (XRP) recent price surge, Master Kenobi on X seems to be more interested in Dogecoin's (DOGE) potential. XRP's rapid fourfold increase has brought it back to its 2021 peak, leaving Kenobi questioning its intrinsic value.

Although the analyst admits to never having any sympathy for XRP, the excitement around its pump couldn't be ignored. This observation led him to connect XRP's performance with DOGE's potential for further growth.

Kenobi's analysis suggests that if XRP could achieve such gains, then DOGE, with its established community and historical volatility, looks like a better bet and might have even more room for growth potential.

Currently, XRP's market cap is significantly larger, placing DOGE at just above half of its previous all-time high. According to the analyst, this discrepancy makes DOGE a more attractive investment at this point in time.

The analysis also considers the competitive landscape, particularly regarding Binance Coin (BNB), and hints at upcoming developments that may change its standing in the market.

Concluding the analysis, Kenobi reminds his followers that his insights are for educational purposes and to always integrate broader economic trends into their investment decisions.

Also Read: Worldcoin (WLD) Price Breaks Key Resistance and Could Be on Track to Reclaim March Top – Here’s the Outlook

DOGE Price Analysis: Closed Above a Key Level on the Daily Chart

Yesterday, a chart posted by Rekt Capital showcased an ascending triangle formation with flat resistance at $0.43 and rising support, indicating bullish momentum.

The horizontal resistance acts as a critical neckline, with recent price action testing but not yet breaking this level. The rising trendline of higher lows indicates steady buying pressure.

Typically, ascending triangles in traditional markets display declining volume during formation and successful breakouts are accompanied by volume surges. A confirmed breakout requires a daily close above 0.43.

However, as you can see from the TradingView chart above, the price closed at $0.44 on Sunday.

The analysis also discusses the implications of a successful breakout, suggesting that such a move could spark rallies across the broader memecoin market. The key now would be a successful restest of this critical level at $0.43 for the price to continue to spike again.

Also Read: Kaspa (KAS) Price Chart Signals a Massive Breakout from This Key Formation – Get Ready for Explosions

DOGE Enters a "Strongly Bullish Zone"

Expanding on DOGE's potential, Trader Tardigrade pointed out that the meme coin has entered a “Green Zone,” typically indicating a strong price pump.

The analysis suggests that as this zone narrows with each cycle, the intensity and speed of DOGE's potential price movement may increase.

#Dogecoin has entered the Green Zone 🔥The green zone tends to narrow after each cycle, indicating that the $Doge pump will be more vigorous and rapid in this zone

HODL your $Doge and ride through double digits. pic.twitter.com/nxLjUSQK5f

The analyst encourages holders to maintain their positions, anticipating that the cryptocurrency could achieve double-digit gains in the near future.

Overall, the analysis suggests that while Ripple's recent pump has garnered attention, Dogecoin's fundamentals and market positioning may make it a more promising long-term investment in the eyes of some traders.