Dogecoin (DOGE) has experienced a volatile week with mixed price action but shows promising signs of a bullish reversal against XRP. Recent technical analysis highlights critical support and resistance levels that could unlock a major Dogecoin rally.
After starting the week near $0.22, Dogecoin briefly surged to $0.25 before pulling back to around $0.2227, down 2.31% in the last 24 hours. Meanwhile, XRP trades at approximately $2.30, making the DOGE/XRP pair an important gauge for relative strength.
Support Holds Strong
TradingView analyst MergicNet points to a long-term support zone for DOGE/XRP between 0.075 and 0.085, a level tested multiple times since 2021 and respected as a reliable floor. The recent formation of a higher low signals growing buying interest.
Crucial Resistance Levels
For a sustained rally, Dogecoin must break above the key resistance at 0.10 and then challenge higher supply zones at 0.17 and 0.24 in the DOGE/XRP pair. A successful breakout and hold above 0.12 could propel the price toward 0.16 and eventually 0.21.
Price Surge Potential
Reaching 0.21 in DOGE/XRP terms could translate to a Dogecoin price near $0.48, representing a potential 113% increase from current levels — a significant upside if Dogecoin outperforms XRP.
Technical Momentum Supports Optimism
Momentum indicators back this bullish case: the Relative Strength Index (RSI) is recovering from oversold conditions, while the MACD shows a bullish crossover, indicating strengthening momentum.
Growing Network Activity
On-chain data strengthens this positive outlook. New Dogecoin addresses increased by 102.4%, and daily active addresses jumped 111.3% over the past week, signaling higher user engagement. Even zero balance addresses rose 155.3%, reflecting dynamic wallet activity within the Dogecoin network.
These trends point to renewed interest and a more liquid Dogecoin ecosystem, which often supports price rallies.
Disclaimer: This article is for informational purposes only and is not financial advice. Readers should perform their own research before making investment decisions.
