As the crypto market increases in price, it is essential to understand where crypto prices might reach. DOGE, ADA, and XRP were among the top performers in the past week, gaining 5%, 7%, and 10% respectively. Will the month of February be good for cryptos? Let’s analyze each in this Crypto prediction article.
Dogecoin Price Prediction
DOGE prices formed a descending triangle back in November 2022. However, with the current bullish sentiment in the crypto market, Dogecoin price managed to break this triangle higher. This is a strong indication of an upcoming uptrend. In February 2023, DOGE prices should reach the area delimited between $0.09 and $0.105.
Fig.1 DOGE/USD 1-week chart – GoCharting
ADA Price Prediction
Cardano prices were seen as heavily undervalued. The project itself is progressing positively, while the crypto market went back to its bull run. That’s why ADA prices reversed once they reached their strong support of around $0.24. Since then, ADA prices are on a steady uptrend. For February 2023, we expect ADA to reach anywhere between $0.40 and $0.45.
Fig.2 ADA/USD 1-week chart – GoCharting
XRP Price Prediction
XRP has an exciting month ahead as speculation for the resolution of the lawsuit grows strong. The $0.30 price for XRP represented a strong support for prices. Since then, XRP managed to retrace higher and reached the current price of $0.42. XRP should continue to grow in February 2023 and reach the price area between $0.50 and $0.60.
Fig.3 XRP/USD 1-week chart – GoCharting
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