Will Dogecoin's price push XRP up from here? The similarities in trading are truly amazing.

Cryptocurrency analyst Jacob Canfield has suggested that the price of Dogecoin could repeat the recent price increase of XRP. This comes as the analyst highlights the similarities between the recent price movements of Dogecoin and XRP. Is the price of Dogecoin similar to the price increase of XRP? In a post on X, Jacob Canfield argued that the price of Dogecoin could soon repeat the recent XRP price surge. He claimed that Dogecoin is trading similarly to XRP on lower time frames. DOGE is holding a previous resistance level as support and trading in a "fairly simple" manner.

Based on this, the price of Dogecoin could trigger a rally in XRP and witness a significant surge similar to the rally XRP has seen in the past few weeks. Notably, Dogecoin experienced a similar price surge last month. In early November, DOGE saw a parabolic price surge, leading to a 161% increase in that month. Since then, the price of Dogecoin has stabilized around $0.4, although it seems ready for another price increase. Canfield's accompanying chart shows that the next price increase of Dogecoin could take it above $0.48. Meanwhile, he emphasizes that the prices of $0.55 and $0.66 are important levels to watch, as they correspond to Fibonacci levels of 1.618 and 2.618 respectively. DOGE is about to have a significant move. Cryptocurrency analyst Master Kenobi recently declared that the price of Dogecoin is on the verge of a major move, indicating that this meme coin could soon replicate the price surge of XRP. Master Kenobi predicted a major move as he analyzed Dogecoin's recent price action in relation to its previous cycle. Crypto analysts note that in the previous cycle, it took 25 days of consolidation before a significant breakthrough occurred. If history repeats itself, they believe that Dogecoin is on the verge of a major move, as it has also consolidated for a similar period since the price increase in early November. Master Kenobi stated that the price of Dogecoin was on the 21st day of this consolidation phase, meaning the next price increase could occur in the next three to four days. The cryptocurrency analyst did not provide a specific target for this next price increase. However, his accompanying chart indicates that Dogecoin could ultimately reach $1 and even rise further to $2.9.

This $2.9 goal could mark the peak of Dogecoin's price in this market cycle, as Master Kenobi previously predicted that the top meme coin would reach around $3. He also mentioned that any target above $5 in this market cycle is unrealistic.