Crypto: XRP Skyrockets, But Bonk And Dogecoin Struggle To Survive!

As the market experiences a volatile period, XRP, Bonk, and Dogecoin remain in the spotlight for various reasons. XRP, following its partial victory against the SEC, rekindles hopes among investors, although the shadow of a possible appeal still looms. Meanwhile, Bonk, an emerging player in the Solana ecosystem, and Dogecoin, an iconic figure of memecoins, strive to maintain their technical supports in the face of an uncertain market dynamic.

A legal victory under scrutiny

The new developments around XRP have significantly marked crypto news, especially after its partial victory in its clash with the U.S. SEC. Thus, the court decision, which could still be contested if the SEC appeals before October 7, provides temporary relief to Ripple and fuels investor optimism.

Indeed, despite the ongoing legal battle, the value of XRP has stabilized above $0.59. In a bullish scenario, optimistic forecasts mention targets between $0.73 and $0.94. However, the market remains divided on long-term prospects, with critical support levels identified around $0.58 and, in the worst case, a possible drop to the $0.48 to $0.50 zone.

Bonk and Dogecoin, two outsiders seeking a comeback

Meanwhile, Bonk faces its own challenges. Originally created to revive the network after SOL’s drop to $8, Bonk distributed airdrops to Solana investors, which had contributed to its temporary popularity. Currently, the token sits below its key support level at $0.00002179 and hovers around $0.00001561. Nevertheless, some analysts believe Bonk could rebound if it manages to regain its support channel, with bullish prospects at $0.00002917. However, the enthusiasm that surrounded its launch seems to have faded.

As for Dogecoin, the famous memecoin continues to suffer from the loss of Elon Musk’s support, which had contributed to its surge last year. Today, Dogecoin struggles to stabilize around $0.105, a crucial support level. If the “bulls” fail to maintain this position, DOGE could drop to $0.098. However, no major bad news is expected in the short term. A rebound to $0.14 remains possible. DOGE’s future thus seems closely tied to the market’s fluctuations.

Whether it is XRP, Bonk, or Dogecoin, each of these cryptos faces unique challenges. But, they share a volatility inherent to the entire crypto market. While XRP seems on the verge of capitalizing on its victory against the SEC, Bonk and Dogecoin are still seeking support for a possible rebound.