Dogecoin (DOGE) and Ripple (XRP) have been building bullish momentum lately. The cryptocurrency market currently favoring both tokens with utmost attention, helping them thrive and gain further momentum. However, as Bitcoin once again retraces its steps back to $92K, will these two coins hold their current positioning with solid conviction?
Dogecoin Price Forecast For December 1
Dogecoin is currently sitting at $0.38, down 4% in the last 24 hours. The token has plummeted recently as Bitcoin retraced its trajectory, falling back to ultimately trade in the $92K zone. However, some experts predict that the bull market is far from over and that Dogecoin has a lot to offer in terms of price spikes that may help the token ultimately claim the $1 mark.
Dogecoin may sit at the $0.38 price mark by December 1st.
However, the token is expected to gain some value by January or February 2025, helping Doge to sit at the $0.63 price mark.
Ripple Price Forecast For December 1
XRP is currently undergoing a massive transformation. The token is expected to gain immense value under the leadership of Donald Trump, who has already achieved one of his crucial goals of removing Gensler as the US SEC chair. The removal of Gensler has helped XRP soar past the normal price threshold, as the development could soon hint at the SEC-XRP lawsuit ending on a positive note.
In addition to this, XRP price is currently encountering bullish waves as Wisdom Tree, a notable asset management firm, recently announced plans to launch XRP ETF. With such bullish developments in the queue, the token is bound to go higher one way or the other.
Per CoinCodex, XRP may trade around $1.57 by December 1st.
The token is not expected to claim the $2 price by April 2025.
