XRP, ADA, OP, SOL and DOGE

This week, we look at Ripple, Cardano, Optimism, Solana and Dogecoin in more detail.

Ripple (XRP)

XRP just had one of the best months in years and its price increased by 74% this week alone, bringing it closer to $1.5. In the last bull market, XRP reached almost $2 before sellers took over the price action.

The current all-time high is $3.3, which could indicate that this cryptocurrency has a lot of room to run. Buyers will need to break through $1.6 and $2 before they can aim for $3 or more.

Looking ahead, the XRP rally continues to show strength and its first real test will be around $2. Either way, a significant pullback should be expected later, given that the price has only been rising for a while.

TradingtView Cardano (ADA) Chart

Cardano is approaching $1 after closing another great week with a 47% price increase. This has revived the ADA community, which has been patiently waiting for this rally since the beginning of the year.

The price found good support around 80 cents and is challenging the 90 cents resistance at the time of this post. If it breaks, ADA may rush to $1, which could bring back profit-seeking sellers.

Looking ahead, buyers have a good chance to continue to dominate going forward, especially since the price has moved higher this week. ADA’s current all-time high is $3.1, which should allow market participants plenty of room to speculate on this coin.

TradingtView chart

Optimism broke above $2, which was a key resistance, and the price is up 34% this week. This strong performance is an important signal to the market that OP is ready for higher levels after breaking out of its long consolidation since June 2024.

With good support at $2, this cryptocurrency can now aim higher, with key targets at $2.5 and $3. If the recovery continues with this intensity, these levels could be touched next week.

Looking ahead, ETH Layer-2 networks like Optimism are working because Ethereum woke up this week. As long as Ethereum works, OP should do just fine too.

Chart for TradingtView Solana (SOL)

Solana just hit an all-time high this week at $264 and has returned to price levels not seen since 2021. It also rose 22%, making it the top 10 performer after XRP and ADA.

At the time of this publication, the price entered a pullback from its new record high, with sellers possibly taking some profits at these historic levels. Once that subsides, SOL could introduce price discovery similar to Bitcoin.

Looking ahead, Solana has good support at $240 if selling intensifies. However, this bullish trend is expected to resume and this cryptocurrency will make new price records in the coming weeks. A key target right now would be $300.

Chart for TradingtView Dogecoin (DOGE)

Dogecoin seems to be preparing for its next big move and closed the week with a 6% price increase. This meme currency has been consolidating below 40 cents, which is currently acting as key resistance. Once broken and turned into support, DOGE can aim for much higher levels.

If 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 occur at any time.

Looking ahead, DOGE could aim to reach its all-time high of 74 cents, which isn’t that far off considering the price tripled in November.

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