The cryptocurrency market is healing, with BTC levelling up to $60K. Several analysts are still bullish on BTC, claiming that the token can hit the $100,000 mark by the end of 2024. Alongside BTC, Dogecoin is also garnering attention.
With September around the corner, the altcoin market also hopes for a stellar recovery. Most of the bullish bets are placed on Ripple (XRP) and Dogecoin (Doge). Here’s how September will fare for Ripple and Dogecoin, respectively.
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Ripple (XRP) Price Forecast
Current Status of Ripple (XRP)
Ripple is now inching to claim a new price spot, an ATH, as the token is finally free from the scrutinous eyes of the US SEC. After the verdict announcement, the token briefly noted a spike in its price, which helped it claim the $0.60 price mark. At press time, XRP is at $0.59, down 1.52% in the last 24 hours.
Future Prospects for Ripple (XRP)
The future prospects for XRP look incredibly bullish, as its parent organization, Ripple, is busy forging new global institutional collaborations to help the token gain wider visibility. Now that the token is free from the legal hurdles that stripped XRP of its rightful position, it is also expected to woo new users, which can help XRP climb to newer price thresholds.
September 2024 Price Prediction for XRP
According to Changelly, September can be moderately bullish for the token. The platform predicts XRP will hit a new $0.65 price by the end of the month.
Also Read: Ripple: Will XRP Hit $25 By 2025?
“Having analyzed XRP prices, cryptocurrency experts expect that the XRP rate might reach a maximum of $0.762 in September 2024. It might, however, drop to $0.549. For September 2024, the forecasted average of XRP is nearly $0.656. Potential ROI: 52.4%.”
Dogecoin Price Prediction
Current Status of Dogecoin
Dogecoin, often dubbed Shiba Inu Killer, is another crypto meme coin that has yet to see a spike in its price momentum. The token has long been trading at a modest $0.1051, down 0.34% in the last 24 hours. Elon Musk, the Tesla chief, has often endorsed the token. Musk’s comments have played an elemental role in shaping Doge’s future price path.
Influencing Factors for Dogecoin
The current Trump-Harris election campaign is also taking a new turn, which may benefit Doge in the long run. The token spiked briefly soon after Musk agreed to accept Trump’s offer, which includes giving Musk a key administrative role if he’s elected president again.
Such unprecedented dynamics can be a game changer for Doge. However, the token must also be able to leverage the strong market undercurrents to surge smoothly.
September 2024 Predictions for DOGE
According to Changelly, September will be a bearish month for Doge. The platform adds that the token may drop its price further, causing the meme coin to trade at a modest $0.0892. However, if new market changes come into play, Doge can gain better visibility, shaping its future price by sparking a bullish trajectory.
“Having analyzed Dogecoin prices, cryptocurrency experts expect that the DOGE rate might reach a maximum of $0.108 in September 2024. It might, however, drop to $0.0892. For September 2024, the forecasted average of Dogecoin is nearly $0.0986.”
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