XRP News Today: Retail investors shift focus from Bitcoin as DOGE and XRP gain momentum with 17% and 50% gains respectively

Retail investors are increasingly shifting their attention from Bitcoin to alternative cryptocurrencies as market dynamics evolve. While Ethereum (ETH) continues to dominate headlines, two altcoins—Dogecoin (DOGE) and XRP—are quietly gaining momentum. Analysts suggest DOGE could hit $1 and XRP may move closer to $9, based on current price trends and market sentiment [1].

Ethereum has regained key resistance levels and is now approaching its previous all-time high of $4,500. Despite a dip in the first half of the month, recent performance aligns with bullish expectations. The broader narrative remains that Ethereum could outperform Bitcoin in the near term, with structural advantages in its ecosystem providing a strong foundation [1].

Behind the spotlight, DOGE is showing signs of a strong rebound. The memecoin fell 30% from its July peak but has since gained 17% over the past week, driven by institutional buying. Market analyst KrissPax notes that if DOGE follows the upward sloping resistance on its chart, it could hit a new all-time high of $1. More optimistically, if it follows the 2017 price pattern, it may reach $2 in this market cycle [1].

XRP is also gaining traction, breaking above the $3 level for the first time in recent months. The altcoin has surged 50% over the past 30 days, making it the top performer among the top 10 cryptocurrencies. With the RSI at 63, the asset remains in a bullish trend, with analysts watching closely for a potential move toward $3.50 and beyond [1].

Retail interest in altcoins is growing, driven by what some are calling "Bitcoin buyer exhaustion." As demand for the leading cryptocurrency softens, altcoins are attracting more trading activity and bullish sentiment. This trend is being closely monitored by analysts and traders, with ZyCrypto and other platforms highlighting the shift in focus [2].

However, while DOGE and XRP show strong potential, investors are cautioned that these price targets are speculative and not guarantees. The projected $1 level for DOGE and $9 for XRP remain analyst forecasts and should not be treated as assured outcomes. Volatility and market sentiment remain key drivers, and macroeconomic conditions or regulatory actions could shift the landscape [3].

The current market environment reflects a period of rapid price swings and shifting investor strategies. As Ethereum and select altcoins continue to capture attention, the evolving dynamics will likely shape the next phase of crypto market behavior.

Source: [1] While ETH Takes Spotlight Two Altcoins Quietly Build Momentum with DOGE Eying $1 and XRP $9 (https://zycrypto.com/while-eth-takes-spotlight-two-altcoins-quietly-build-momentum-with-doge-eying-1-and-xrp-9/)

[2] Analysts see Bitcoin buyer exhaustion as retail shifts to altcoins (https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96649524/analysts-see-bitcoin-buyer-exhaustion-as-retail-sh)

[3] New ETH ATH Imminent: Bull Run Next? Analysts Suggest Positioning in These 2 High-Potential Altcoins (https://za.investing.com/news/technology-news)