Another Trump Pump Sends Ethereum, XRP and Dogecoin Flying: What Happens Next?

Key Points

1. Bitcoin saw a modest 1% gain, while altcoins like Ethereum, XRP, and Dogecoin experienced significant price increases.

2. Ethereum broke above $4,000 for the first time in eight months, with technical indicators like ADX and RSI suggesting strong bullish momentum.

3. XRP consolidated above $3, with technical signals indicating potential for further upward movement despite recent volatility.

4. Dogecoin showed neutral technical signals but ranked third among top-performing cryptocurrencies, with a potential double bottom pattern suggesting future volatility.

5. Trump's executive order allowing cryptocurrencies in 401(k) retirement accounts has injected optimism into the market, contributing to the bullish trends.