XRP Signals Bullish Trend Against DOGE Amid Rising Volume

XRP is exhibiting strong bullish signals as it confronts Dogecoin (DOGE) in an emerging market shift, according to a recent analysis by a TradingView expert. As the two cryptocurrencies interact on the DOGE/XRP trading pair, XRP demonstrates the potential to reclaim its dominance through key technical levels and strengthening indicators.

Over the past week, Dogecoin has navigated heightened market volatility, briefly climbing from around $0.22 to $0.25 on May 23 before retracing to $0.2227—a 2.31% drop over a 24-hour span. Despite the downward movement, market watchers are paying close attention to the DOGE/XRP pair, where XRP may be gaining the upper hand.

One TradingView analyst, MergicNet, examined the DOGE/XRP ratio and identified signs of a potential bullish reversal in favor of XRP. The analysis cites a reliable support band between 0.075 and 0.085—historical levels that have held firm since 2021—as the foundation for an incoming uptrend.

This support zone first solidified in April 2021 when the pair dropped to 0.04, then bounced back after a retest in July 2023, reaching 0.36 shortly thereafter. MergicNet notes the current chart formation is showing a higher low, an early sign of renewed buyer confidence. The resistance level at 0.10 has become the next key threshold, revealing whether XRP will maintain its momentum.

If XRP manages to push the DOGE/XRP pair above the 0.12 resistance line, the price could advance toward 0.16 and eventually test 0.21. Key resistance levels at 0.17 and 0.24 also loom ahead, based on previous supply-heavy zones. This multi-tiered resistance, if broken, would solidify XRP’s position in this pairing and indicate strong buyer interest.

Encouragingly for XRP holders, momentum indicators favor this narrative. The Relative Strength Index (RSI) is climbing out of oversold ranges, showing renewed market interest, while the Moving Average Convergence Divergence (MACD) indicator is forming a bullish crossover—another classic technical signal of positive sentiment shift.

Trading volume dynamics also confirm this trend. Increased volume near the bottom of the DOGE/XRP range, paired with an upward-sloping price trajectory, signifies accumulating pressure from buyers. Should this volume sustain, it would lend further weight to a breakout above resistance.

From a valuation perspective, a DOGE/XRP level of 0.21 would translate into a Dogecoin equivalent of approximately $0.4830—assuming XRP outperforms significantly. This outcome presents a potential 113% gain in Dogecoin’s converted dollar value, underscoring the implication of this technical scenario.

Dogecoin Network Sees Activity Rise

While XRP displays strength on the price chart, it’s worth noting that Dogecoin’s network fundamentals are also improving. Over the last seven days, the memecoin has seen a dramatic rise in on-chain engagement. Data shows the number of new Dogecoin addresses surged by 102.40%, reflecting a fresh wave of participants entering the ecosystem.

Meanwhile, active addresses—wallets that participate in transactions—rose by an even more notable 111.32%. This spike underscores greater involvement from existing holders, suggesting heightened interest and possibly accumulation activities.

There was also a 155.28% increase in zero balance addresses (ZBAs), representing wallets with emptied balances. While ZBAs do not directly equate to active trading, they hint at evolving wallet dynamics that often precede broader transactional changes.

Related: Expert Advice: Sell XRP If You’re Confused

Although Dogecoin is enjoying increased user participation, the technical landscape appears to tilt in XRP’s favor—at least within the scope of the DOGE/XRP trading pair. As both coins refine their positions, market participants will be closely monitoring whether XRP can sustain its current momentum—and how Dogecoin’s growing network base might influence future price actions.