What does MDIA tell us about the upcoming trends of XRP, DOGE and BTC?

After a panicky correction, the cryptocurrency market found some stability, with prices stabilizing. Meanwhile, the average dollar invested period is quietly pointing to higher net activity, which is often a precursor to extended bullish trends.

Despite the broad swings in the market this week, the Average Dollar Invested Period (MDIA) – an often overlooked crypto metric – shows potential strength in key assets.

Bitcoin's MDIA is down 31% over the past 60 weeks, currently at 439 days. XRP's MDIA is down 22% in 14 weeks, now at 865 days. Meanwhile, Dogecoin shows a very high decline, its MDIA has fallen by 31% in the last eight weeks to 370 days. This downward trend in MDIA reflects increasing activity from dormant wallets, especially large stakeholders, as older coins re-enter circulation.

Historically, this trend has preceded sustained bull markets, with similar patterns seen before the 2017 and 2021 rallies. While short-term price volatility is inevitable, this measure lends credence to the medium- and long-term bullish outlook for the crypto market.

“Sleeper coins are still moving aggressively, confirming a long-term bull market is still active…especially for Bitcoin, XRP and Dogecoin.”

What's Next for Bitcoin and Dogecoin?

The MDIA figures follow a period of considerable turbulence for Bitcoin, which has seen billions of dollars in outflows. The retail sell-off during this period, however, coincided with intense institutional buying by US investors in particular, which showed brutality despite trading cryptos below the desired $100,000.

Meanwhile, Dogecoin is trading at $0.42 after a 4% increase the previous day. Experts suggest that the OG meme coin may be headed higher following its latest pullback.

Prominent crypto analyst Ali Martinez has shared an optimistic view of Dogecoin's bull cycle, suggesting that it is still in its infancy. He said he would maintain his initial target of $3 and $18 forecast if market conditions are abnormal.

What will drive XRP?

According to B2BINPAY CEO Arthur Azizov, getting the final approval from the New York State Department of Financial Services to launch RLUSD is a game changer. This may attract more investor interest in XRP. In an interview with CryptoPotato, Exum said:

“Already, RLUSD is being seen as a potential competitor to USDT and USDC. As planned, if RLUSD is issued on the XRP Ledger, it could provide an additional boost to XRP's growth. Ripple's distributed ledger technology is gaining recognition among banks and financial institutions, generating new partnerships and growing demand for solutions. Given Ripple's trajectory and XRP's potential, I predict that XRP will trade in the $5 to $7 range by the first half of 2025.