XRP, ADA, OP, SOL and DOGE

This week we will examine Ripple, Cardano, Optimism, Solana, and Dogecoin in more detail.

Ripple (XRP)

XRP just had one of its best months in years, and its price is up 74% this week alone, close to $1.5. During the last bull market, XRP reached almost $2 before sellers took the price action.

Its current all-time high is $3.3, which may indicate that this cryptocurrency has a lot of room to run. Buyers need to break above $1.6 and $2 before they can hope to reach $3 or more.

Looking ahead, the XRP rally continues to show strength, and its first real test will be around $2. In any case, considering that the price has been increasing over time, a significant pullback should be expected.

Cardano (ADA)

Cardano is nearing $1 after closing another fantastic week with a 47% price increase. This has galvanized the ADA community, who have been patiently waiting for this rally since earlier this year.

The price has found good support around 80 cents and is challenging the 90 cents resistance at the time of this post. If broken, ADA could rush to $1, bringing back sellers looking to take profits.

Looking ahead, buyers have a good chance to continue their dominance in the future, especially since the price has risen higher this week. The current ADA is at an all-time high of $3.1, which should allow market participants plenty of room to speculate on this coin.

Optimism broke above $2, which was a key resistance, and the price increased by 34% this week. This strong performance is a big signal to the market that OP is ready for higher levels after ending its long consolidation from June 2024.

With good support at $2, this cryptocurrency may now aim higher, with key targets at $2.5 and $3. If the rally continues at this strength, those levels could be hit next week.

Looking ahead, ETH Layer-2 networks like Optimism are working because Ethereum is activated this week. As long as Ethereum performs, the OP should do fine as well.

Solana (Sun)

Solana hit an all-time high of $264 this week, returning to price levels not seen since 2021. It also gained 22%, making it the strongest performer in the top 10 behind XRP and ADA.

At the time of this post, the price has pulled back after the new record high, with sellers likely to take some profits at these historic levels. Once this cools down, SOL can go through price discovery just like Bitcoin.

Looking ahead, Solana has good support at $240 if the selloff strengthens. However, this trend is expected to continue again, and this cryptocurrency will set new price records in the coming weeks. Now the main target will be $300.

Dogecoin (DOGE)

Dogecoin seems to be preparing for its next major move and closed the week with a 6% price increase. This meme coin has been consolidating below 40 cents, which currently serves as key resistance. Once it breaks and turns into support, DOGE can target much higher levels.

If the resistance is broken, the next key targets on the chart will be 48 and 59 cents. Momentum continues to favor buyers, and a breakout could happen at any time.

Looking ahead, DOGE may be aiming to hit an all-time high of 74 cents, which tripled its price in November.