August 6 Cryptocurrency Price Prediction: Are XRP, DOGE, and PEPE Facing New Breakthrough Opportunities?

As Bitcoin (BTC) hits a new all-time high and ignites market enthusiasm, the price movement of altcoins and popular meme coins has also become the focus of investors. Recently, the U.S. SEC has pushed for regulatory modernization, further boosting market optimism about the extension of the bull run. This article will focus on the three major popular crypto assets on August 6th - Ripple (XRP), DOGE (DOGE), and PEPE (PEPE), analyzing their latest price movement and future potential.

Ripple (XRP): With favorable regulations, is the $4 mark within reach?

XRP reached a new high of $3.65 on July 18, subsequently falling back to $2.94, but has still surged 29% in the past 30 days and an astonishing 485% over the year. Technically, the XRP RSI is currently at 49, with selling momentum slightly increasing, but the downside risk is limited, with solid support formed below $3. As the U.S. court ruled that retail XRP transactions do not constitute securities issuance, and organizations like the United Nations recognized its cross-border payment application, the long-term bullish flag pattern for XRP is expected to indicate a breakout to a new high of $4.

DOGE: Institutional funds are flowing back, $0.50 target emerges

In May of this year, DOGE returned to $0.25 driven by institutional funds, with a recent trading price of about $0.2001, up 17% in two weeks. Although the RSI has fallen from a high of 85 to 62, indicating some profit-taking, the price of DOGE has stabilized, building momentum for a subsequent rebound. Practical applications such as Tesla, PayPal, and Revolut continue to expand, and if market sentiment improves, DOGE is expected to gradually target $0.50 by the end of summer.

Pepe (PEPE): Oversold range brewing a rebound, follow the breakthrough opportunity

Pepe, as a rising star in the meme coin category, has a market capitalization exceeding 4.3 billion USD. Although the current price is 0.00001026 USD, which is still 63% lower than its historical peak, the RSI has dropped to 38, nearing the oversold threshold. The descending wedge pattern suggests a short-term breakout opportunity; if market risk appetite rebounds, PEPE is expected to see a strong rebound. With summer capital inflows and favorable macroeconomic conditions, PEPE investors are closely watching for the timing of a price surge.

Conclusion

On August 6, XRP, DOGE, and PEPE, three popular encryption assets, all exhibited structural opportunities. With favorable regulations, the return of institutional funds, and a strengthening technical outlook, these coins are expected to lead the market in the new round of trends. Investors should closely follow key support and breakout levels to seize turning points in bullish and bearish trends.

XRP2.03%
DOGE2.3%
PEPE2.75%
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