XRP And Dogecoin Witness Significant Price Volatility

Despite experiencing significant gains throughout this year, the price of Dogecoin has yet to surpass its all-time high in 2021. However, analysts remain optimistic. Interestingly, recent cryptocurrency analysts have compared the price action of Dogecoin to the XRP price surge, with the consensus being that both cryptocurrencies will reach new all-time highs in the coming months. An intriguing observation from cryptocurrency analyst Professor Astrones has further added to this discussion, as he linked the market fluctuations of XRP to the Dogecoin price surge. The price movement of Dogecoin reflects the price increase of XRP Professor Astrones, an anonymous cryptocurrency analyst, shared his views on social media platform X, noting that XRP market liquidity could flow into Dogecoin and push its price to a new high. According to his analysis accompanying the 4-hour DOGEUSDT chart, the current price fluctuation of Dogecoin is determined by a tight range formed by a descending trendline and an ascending trendline. Interestingly, the chart structure resembles that of a flag pattern, typically indicating an upcoming upward breakout. According to him, the price of Dogecoin is still on track to reach the closer target of $1 and the long-term targets of $3 and $5 in 2025. All of these are price increase goals and achieving the $1 mark requires surpassing the all-time high of $0.7316. The interesting thing is that his Dogecoin price outlook is also based on a predicted circulation of liquidity in the cryptocurrency market. Specifically, he predicts a scenario in which the funds driving XRP prices high will ultimately flow into Dogecoin. "The money $XRP will flow into $DOGE," the analyst said . Basically, this means that when XRP investors start to profit, their focus could shift to Dogecoin, which, like XRP, is one of the most popular cryptocurrencies among retail investors. What's interesting is the prospect of money circulation between XRP and Dogecoin, which is supported by other cryptocurrency analysts. One such voice is @CryptoGodJohn, who expressed a similar viewpoint on the X social media platform. According to his own forecast, he predicts that money will flow into Dogecoin when XRP reaches its local peak in this market cycle. The similarity between Dogecoin and XRP charts Jacob Canfield, another famous cryptocurrency analyst, shared his thoughts on the price similarity between Dogecoin and XRP, emphasizing the classic trading structure of both assets. He noted that Dogecoin has formed higher lows while successfully turning previous resistance levels into support levels, similar to XRP on lower time frames. At the time of writing, Dogecoin is trading at $0.441 and has increased by 5% in the past 24 hours. On the other hand, XRP is currently trading at $2.37, a decrease of about 10% in the past 24 hours. Whether there will be a liquidity shift between XRP and Dogecoin in the current price increase cycle remains to be seen. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)