Historical charts reveal a decade-long fractal correlation between Dogecoin (DOGE) and Ripple (XRP) price trends. Following XRP’s recent 80% price jump, on-chain data analysis suggests that DOGE could once again head in the same direction. 

Ripple (XRP) has outperformed Dogecoin (DOGE) and nearly every other coin in the top 10 crypto ranking over the past week. Although Dogecoin has recently 3% retraced, dropping below the critical $0.070 support level, historical trends suggest that DOGE bulls could seize control at any moment. 

There’s a Historical Price Correlation Between DOGE and XRP

Dogecoin and XRP have displayed a conspicuous fractal correlation over the last 9 years. The Tradingview chart below shows that, albeit at different intensities, DOGE and XRP have often trended in the same direction. 

Coined in 1975 by the mathematician Benoît Mandelbrot, a Fractal is a phenomenon that occurs when the short-term changes in seemingly unrelated variables repeatedly form similar trend patterns over a long period. 

As seen above, the small movements in the price of Dogecoin and XRP have repeatedly formed similar patterns between 2014 and 2023. 

If history repeats itself, DOGE could break out of its current 3% downtrend and head toward $0.08 in the coming weeks. 

Long-Term Dogecoin Investors Are Holding Firm

Furthermore, the bullish disposition among Dogecoin’s long-term holders currently supports the fractal’s validity. According to Santiment, DOGE Mean Coi

Go to Source to See Full Article
Author: Ibrahim Ajibade

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details