Crypto analyst Ali Martinez stated that the increasingly tight technical structures in Dogecoin (DOGE) and XRP prices could pave the way for a strong move in the coming period. The analyst shared the critical resistance levels to watch for both altcoins in the short term.
According to Martinez, Dogecoin continues to consolidate within a descending triangle pattern. He notes that as the price approaches the peak of the pattern, its range of movement is narrowing, suggesting that this consolidation indicates a potential breakout in DOGE.
On the Dogecoin side, Martinez is closely watching the critical level of $0.095. According to the analyst, a 4-hour candle close above this level could confirm an upward breakout. In such a scenario, Dogecoin is expected to initiate a rise towards $0.106.
Martinez also noted that a significant price movement could be approaching for XRP. He stated that whales have largely remained on the sidelines over the past week, and that large investors haven’t seen any significant changes in their XRP holdings. However, he pointed out that the price continues to be squeezed within a triangle formation.
The fact that the XRP price is also approaching the peak of the formation strengthens expectations that volatility may increase again. According to Martinez, the critical resistance for XRP is at the $1.53 level.
The analyst stated that a 4-hour candle close above $1.53 would confirm the bullish breakout, predicting that the price could move towards $1.62 in this scenario.
*This is not investment advice.
