- Crypto analyst Cheds says XRP price could rise to $0.38 or $0.39.
- The influencer also believes that DOGE will soon fall to $0.05.
- SOL is one of the few cryptocurrencies in the green for the day and it now trades at $13.21.
Although many crypto analysts believe that 2023 will be kinder to crypto, various market signals and sentiments suggest that this might not be the case at all. Naturally, people now want to know what to expect from some of the most popular altcoins.
One crypto analyst that goes by the name of Cheds attempted to answer these questions. When it comes to XRP, the analyst believes that if the bulls do not bounce at $0.3416, there will be little hope for an upward move for the crypto.
In addition to this, he added that if this were to play out for XRP, it could trigger a small-to-medium type move which could see the price rise to $0.38 or $0.39. CoinMarketCap indicated that XRP is currently trading hands at $0.3353 after a 2.52% drop in price over the last day.
The analyst did not have much hope for Dogecoin (DOGE) it seems as he believes the meme coin will soon fall to $0.05 or similar range lows. At press time, DOGE was worth $0.07102 after a 3.60% drop in price over the last 24 hours.
Things look a bit better for both Solana (SOL) and Polygon (MATIC). With regards to SOL, the analyst stated that he has a good feeling about the crypto remaining above $11.50. SOL is one of the few cryptocurrencies in the green for the day and it now trades at $13.21.
The analyst concluded by stating that if MATIC is able to hold the $0.72 support, the crypto could target $1.06 next.
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