The total market capitalization of the crypto market has rebounded: XRP and DOGE lead the rise, and Pi coin may welcome a revival. Can we expect a bull run by the end of the year?

Today (September 9), the total market capitalization of the Crypto Assets market has risen by 1% in the past 24 hours, reaching $3.95 trillion, indicating a positive market sentiment. Against this backdrop, some major Tokens have shown significant rises, especially DOGE, which has increased by over 7%. This article will delve into the recent dynamics of XRP, DOGE, and Pi Network, and explore their development prospects in the potential strong bull run at the end of the year.

XRP: Bullish Reversal Signal Emerges

(Source: TradingView)

The price of XRP is $2.92, having risen by 3% in the past 24 hours and by 3.5% over the past week. Despite a 12% drop in the last 30 days, the 450% increase over the past 12 months highlights its strong medium to long-term momentum.

From both fundamental and technical perspectives, there are several bullish reasons for XRP. Fundamentally, Ripple has continued to grow steadily this year and finally concluded its years-long legal battle with the U.S. Securities and Exchange Commission (SEC) in early August. This has allowed it to expand freely, such as the recent acquisition of the stablecoin company Rails and the launch of its RLUSD stablecoin in Africa. These positive initiatives have brought favorable conditions for XRP.

On the technical front, the chart of XRP also reflects bullish sentiment, with a potential reversal brewing. We can see that the relative strength index (RSI) of the token has started to rise again after being below 50 for a month. Meanwhile, XRP's current price has broken through the upper limit of the bullish triangle flag formed since mid-July, which is a very bullish signal. XRP's price is expected to reach $3 in about a week and rebound to $3.50 in October, especially if the Federal Reserve cuts interest rates this month.

DOGE: Expected to Outperform the Market in Q4

DOGE is one of today's biggest winners, with a current price of $0.234, having risen by 7.5% in the past 24 hours and 7% over the past week. Although it has dropped by 1% in the past month, it still maintains a healthy rise of 140% over the past year.

Currently, the highlight of DOGE is that its rise far exceeds the average level of the market today, suggesting that as the year-end market becomes more bullish, it may bring excess returns. For optimists, this Token is still down 68% from its historical high of $0.7316, which could mean that it is due for a significant pump and may continue to outperform the market in the coming months.

Similar to XRP, DOGE's current price has broken through the upper edge of the bullish triangle flag, indicating a potential breakout may be imminent. Its RSI index also shows bullish signs, rising above 50 in the past day or so, while its MACD is also about to turn positive. Therefore, now may be a good time to buy DOGE, as its price is still cheap but momentum is recovering.

Despite its lackluster fundamentals, there is still the possibility that X (formerly Twitter) will announce the integration of digital payments in the near future, which would significantly boost DOGE. Even without this positive news, we can expect the price of DOGE to reach $0.40 by the end of October and $0.60 by the end of the year.

Pi Network (PI): Oversold Altcoins May Be Set for a Recovery

The performance of PI is not as good as the other tokens mentioned in this article, with a slight rise of only 1% today, priced at 0.3472 USD. It has fallen by 1.5% in the past week and by 13% over the last 30 days, indicating that this token has struggled to regain the momentum it had during its launch in February.

In fact, this shitcoin has fallen 88% since reaching its historical high of $2.99 at the end of February, which is a concerning decline. (4) However, the Pi team has been taking measures to improve and expand the Token, with several important upgrades witnessed in recent weeks, including the launch of the Linux version of the Pi node. This may lay the groundwork for a strong recovery for PI later this year, with its chart indicating that the price may have started to rise after hitting the bottom.

Technically, the market is overselling PI, which means it should rebound soon. Assuming the Federal Reserve cuts interest rates next week, the price prediction for PI's crypto assets will become more optimistic, and PI could return to $1 within a few weeks. On this basis, the year-end bull run may push it back to $2.

Conclusion

Today's positive performance in the market, especially the strong momentum in tokens like XRP and DOGE, seems to indicate that a year-end bull run is gradually forming. XRP is steadily advancing its business landscape after shaking off regulatory clouds, while DOGE has rekindled investor enthusiasm with its market-beating rise and potential positive news. Despite facing challenges, Pi Network's fundamental improvements and technically oversold status also provide it with the possibility of a rebound.

However, all these predictions rely on improvements in the macroeconomic environment (especially the Federal Reserve's interest rate cuts) and the respective projects' ability to successfully realize their development potential. The high volatility of the Crypto Assets market still exists, and investors should fully assess the risks before making any decisions.