If XRP repeats Dogecoin's price trajectory, the token will add 17 000 %.

A cryptocurrency trader and analyst under the pseudonym Xrp CAPTAIN has determined that the price of Ripple (XRP) could increase by 17,000% in the near future.

The analyst based his prediction that the price of xrp shows the same price movement as the price of Dogecoin (DOGE) in 2020. As you know, at that time, the price of meme coins has risen sharply.

Meanwhile, both altcoins managed to make profits in the last 24 hours. decommunization. Speaking of DOJ, the meme cryptocurrency was trading at 00.06.145, up 0.43% for the day. The price of the money transfer token was 0.5226 day with an addition of 1 0.46% per day.
While Xrp's weekly performance has declined 1.29% over the past 7 days, it should be noted that it does not take a 25.72% increase in trading volume over 24 hours to 5,570,192,116 for the price to rise.
Daily XRP / USDT chart.

From a technical perspective, XRP is trading along the positive price channels that have formed on the daily chart over the past 2 weeks. If this bullish momentum continues, XRP price may soon overcome the resistance level of0.5670. Then, if the buying pressure persists, XRP could increase and rise to 0.6390.

Conversely, a daily XRP candle closing below the XRP0.5165 support level over the next 48 hours could change the bullish momentum. In this case, XRP could be in danger of falling below the above mentioned upward price channel. As a result, the altcoin price could continue to fall to the next major support level at next0.4585.

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