Cryptocurrency Expert Pins Bullish Uptrend for Meme Coin, Citing Eerie Similarity to Ripple's Price Action

Dogecoin may not be finished with its multi-year compression phase if a new $XRP fractal chart from analyst Charting Guy continues to track. The setup suggests $DOGE’s next decisive run toward a prior-cycle high could arrive around mid-2028, with the chart mapping a prolonged base before any attempt at a breakout.

Charting Guy shared the updated $DOGE/$XRP fractal on May 4, writing simply: “$DOGE with $XRP fractal update 👀.” The chart overlays an $XRP-style historical price structure onto Dogecoin’s weekly Binance chart, showing $DOGE trading near $0.107 while still contained inside a broad multi-year triangle that began after the 2021 blow-off top.

Dogecoin’s $XRP fractal | Source: X @ChartingGuy

What This Could Mean For Dogecoin Price

The projected blue fractal line does not show an immediate vertical expansion. Instead, it sketches out a slow, grinding path through the remainder of 2026 and into 2027, with $DOGE continuing to work through the same kind of lengthy post-euphoria consolidation that defined $XRP’s prior cycle structure. The actual breakout phase, according to the overlay, would not begin until after the pattern approaches its apex, with the major acceleration appearing closer to mid-2028.

That is where the all-time high question becomes relevant. $DOGE’s previous peak is marked near the 1.0 Fibonacci level at roughly $0.7605. The fractal projection does not place Dogecoin cleanly above that zone in the near term; rather, it implies that the asset would need to spend considerably more time compressing before retesting the upper cycle range. If the $XRP fractal continues to hold, $DOGE’s new all-time high attempt would likely come around the late-2028 window, not during the early stages of the current structure.

Charting Guy had already framed the setup in January as a constructive development for $DOGE’s cycle position. At the time, he wrote: “the good thing is, if this is happening, then the worst of it is over.. $DOGE.” That earlier comment matters because the fractal is less about a straight-line price target than about where $DOGE may sit in a larger market structure: after the deepest downside, but before the strongest expansion phase.

Related Reading: Bitcoin Price Rally Could Trigger 20% Push for Dogecoin, Here’s When

The chart also includes several Fibonacci extensions above the prior high, including levels around $1.451, $1.607, $2.362 and $4.130. Those levels drew attention from users, with one commenter asking: “$4? That’s it.” Charting Guy pushed back on that interpretation, replying that the chart “does not imply that,” indicating that the fractal should not be read as a direct promise of a $4 $DOGE target.

Before $DOGE could challenge its former all-time high, the chart shows several Fibonacci levels acting as potential waypoints. The first major levels on the way up are the 0.236 Fib near $0.107, followed by the 0.382 level around $0.139, the 0.5 level near $0.193, the 0.618 level at roughly $0.267, the 0.702 level near $0.336, and the 0.786 level around $0.423. Above that, the 0.888 Fib sits near $0.559, before $DOGE would reach the prior-cycle high zone marked around $0.7605.

At press time, $DOGE traded at $0.11188.

$DOGE faces key resistance, 1-week chart | Source: DOGEUSDT on TradingView.com