The Fed’s first rate cut in years has set the scene for what could be a pivotal week for cryptocurrencies. With stablecoin reserves stacked and risk appetite alive and well, major and meme coins alike are preparing for their next tests: XRP is eyeing $4.20, Bitcoin is pushing toward $130,000 and Dogecoin is gearing up for its first ETF listing.
XRP on verge of $4.20 breakout
XRP is trading at $3.12 on the weekly time frame, which is good news as it is holding above every key moving average. These are the 26 EMA at $2.65, the 50 MA at $2.28, the 100 EMA at $1.73 and the 200 EMA at $1.24. What we can see here is that the structure is not only intact but also building strength. It is the kind of chart that does not look tired yet, even after a 700% run from $0.50 to $3.50 earlier this year.
XRP/USD Chart by TradingView
The number in focus now is $4.20. That level was marked as the breakout checkpoint when XRP was consolidating inside its triangle, and it is back on the radar as the next step that makes sense. If it is cleared, it will create space for much higher targets, and that is where the debate begins.
Bullish scenario:
- A break through the $3.80-$4.20 range is a sign that the market is moving from resistance to support.
- If the price goes above that zone, traders who follow momentum are likely to push it to $5.00, with some already thinking that $6.90 might be the next price.
- With golden crosses stacking and no sign of exhaustion on weekly candles, this path looks realistic if liquidity keeps rotating into majors.
Bearish scenario:
- Failure to break through the $3.50-$3.80 range will stop the rally and keep XRP price in a period of stability.
- A drop under $2.90 pulls the price toward the 26 EMA at $2.65, a level that will become a make-or-break threshold for bulls.
- Lose it, and the breakout thesis stalls, forcing a return to the old range.
Right now, $4.20 is the key number that everyone involved in the market is watching.
Bitcoin gears up for $130,000 push
Bitcoin is trading at $117,350 on the weekly chart, and the surrounding discussion has not changed much. Is it the inflation hedge that justifies the “digital gold” label, or is it still Nasdaq’s unruly cousin, moving faster when liquidity is pumped back into risky assets?
BTC/USDT Chart by TradingView
The Fed’s rate cut does not settle the debate, but it provides arguments for both sides; uncertainty over inflation is supportive of gold as a hedge, while easier monetary policy also fuels tech-style beta trades. The important thing right now is that BTC is trading just below the $118,000-$120,000 range, which is the only real barrier left before the conversation begins to focus on a new price record.
Bullish scenario:
- Break through the $118,000-$120,000 range and the chart will start to aim directly for $125,000, with $130,000 clearly marked as the next all-time high.
- Support is strong in the weekly structure: 26 EMA at $107,000; 50 MA at $98,000; 100 EMA at $81,000 and 200 EMA at $63,000. This layered support makes every dip look like an opportunity for large investors to buy more.
- The RSI is not overheated, leaving room for the price to climb without triggering alarms.
Bearish scenario:
- Should Bitcoin continue to stall below $120,000, there is a risk of it becoming trapped in a sideways grind rather than taking the next step.
- Losing $114,000 would shift the focus back to the $107,000 support level. If it falls below that, the outlook will quickly change, exposing $98,000 as the next test.
- This would not kill the long-term trend, but it would delay the path to $130,000 and force another consolidation round.
Right now, the $120,000 mark is what everyone is focusing on — and once it has been reached, it will not take much to convince the Bitcoin market to rise further.
Dogecoin ETF fuels meme coin bulls
The price of Dogecoin is currently at $0.282 on the weekly chart, and for the first time in a long time, the narrative is not being driven by memes. The REX Osprey Dogecoin ETF (DOJE) is set to be listed this week, offering DOGE a level of institutional exposure it has never had before.
Whether or not the product attracts serious investment is almost secondary; the market usually reacts to the idea first, and that alone could trigger the next round of volatility. Technically, the coin is well positioned for this.
Bullish scenario:
- DOGE is holding above all major averages: 26 EMA at $0.241, 50 MA at $0.224, 100 EMA at $0.187 and 200 EMA at $0.152.
- Breaking through $0.30 would open the way toward $0.35, a level not seen since the last burst of activity earlier this year.
- If the ETF hype continues, the momentum could carry the meme coin further, with $0.40 and even $0.60 becoming realistic targets in a speculative push.
- The weekly structure shows consistent accumulation, suggesting that bulls are already preparing for this potential increase.
Bearish scenario:
- If Dogecoin fails to break through the resistance band of $0.30-$0.35, the upward momentum will stall.
- A dip below $0.24 would bring the 26 EMA back into play, and breaking this level could lead to further declines toward $0.21 and $0.18.
- A collapse toward the 200 EMA near $0.15 is not the base case but remains a possibility if the buzz around the ETF fades quickly.
For now, DOGE’s ability to test the $0.30 mark is dependent on the ETF listing providing it with a narrative spark.
