Bullish Ripple (XRP) Signals, Ethereum (ETH) Price Predictions, and More: Bits Recap, April 24

Here's what's new and interesting around XRP, ETH and DOGE.

Ripple's cross-border token has bounced back a bit over the past week, but some indicators suggest it's moving into a bearish trend.

Ethereum (ETH) failed to reach $2,500, and analysts are now divided on its short-term performance. Dogecoin (DOGE) remains the largest meme coin by market capitalization, with some crypto analysts expecting a price explosion into uncharted territory in the near future.

Will XRP bulls take over again?

The asset's price has been hovering between $1.40 and $1.50 over the past seven days, currently trading at roughly $1.42 (according to CoinMarketCap data). While this represents a modest weekly decline of 1%, renowned analyst Ali Martinez has listed three factors that suggest XRP's structural change may be shifting from bearish to bullish.

First, the SuperTrend indicator has turned on a buy signal for the first time since January. Second, Martinez paid attention to the recent activity of whales, large investors bought 300 million XRP last week alone. Such collections indicate the strong confidence of these market participants and encourage smaller players to follow their lead.

Last but not least, the analyst noted that XRP volume on crypto exchanges continues to decline – a trend that is often seen as bullish because it immediately reduces selling pressure.

Martinez issued an important disclaimer stating that if the price closes above $1.55 daily, it will be liquidated. “Until XRP holds the $1.30 support zone, the bullish outlook remains intact,” he concluded.

Next targets for ETH

The second largest cryptocurrency rose to $2,500 in mid-April, but has since returned to $2,300. Analyst CRYPTOWZRD breaking above the $2,380 resistance and holding there could open the door to renewed growth, CryptoTony predicted:

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“We can talk about a $2360 claim and a leg up and a more reliable long entry, but not for now.”

Some industry participants have made wild predictions, and it's no surprise that Bitmine's Tom Lee is among them. He recently contemplated a parabolic climb to an astonishing $250,000. One should not forget that Bitmine has been buying ETH heavily recently and now controls over 4% of the asset's distribution supply.

What about DOGE?

The OG meme coin slipped below $0.10, but remains the 10th largest cryptocurrency with a capitalization of around $15 billion. The analyst, using the X moniker Don, recently noted that DOGE is trading above a certain support zone from 2021 and has placed the next critical resistance at $0.40. According to him, such a rise could pave the way for a jump as high as $1.

Other analysts that recently chipped in include Mikybull Crypto and Cryptollica. The former sees Dogecoin as “very early stage for a big move,” while the latter envisions a possible breakout to $1.60.

Similar to XRP, DOGE has attracted whales who have collected 330 million coins in recent days. As mentioned above, this is a big factor that could be a precursor to the upcoming rally.