Morning Crypto Report: Are Dogecoin and SHIB Ready for a 'Santa Rally'? XRP Could Reach $5 with ETF Launch, Bitcoin Bulls Regain $37 Million

The cryptocurrency market enters the final full week of November in a surprisingly strong position. Rather than showing signs of exhaustion after two months of pressure, it appears to be reaching a pivotal point. This shift could be influenced by historical patterns, ETF inflows, and liquidation transactions—conditions that traders often overlook until significant movements begin to occur.

Key Takeaways

Dogecoin (DOGE) and Shiba Inu (SHIB) could see end-of-year rallies based on historical trends.
XRP is showing strong support around the $1.90 mark, with potential for significant price increases driven by ETF activity.
Bitcoin bulls have recovered $37 million in short liquidations despite recent price challenges.
Seasonal factors may drive DOGE and SHIB to rally as December approaches, while XRP's fate hinges on ETF demand.

The Potential for Year-End Rallies in DOGE and SHIB

Historically, the months of November and December have seen strong performances from DOGE and SHIB, patterns that often get overlooked until they're relevant again. DOGE, as the older and more established meme cryptocurrency, typically enters December with one of the most consistent patterns on the retail side of the market. Data from CryptoRank indicates that this time of year tends to result in positive returns more often than not, with several years showing robust gains.

DOGE and SHIB Charts
Source: TradingView

In 2025, DOGE has mostly traded sideways but still holds a year-to-date gain of about 23%. This period of the calendar often signals either a substantial upward movement for DOGE or a reset that allows new investments to flow in. Last year, this was evident when DOGE rallied for weeks, only taking a breather when January arrived.

On the other hand, SHIB experienced its peak volatility in October 2021 with an incredible +833.6% rise. Despite a 57% drop this year, even a slight improvement in liquidity or a shift in sentiment could initiate a recovery for SHIB.

When considering both DOGE and SHIB, the timing is clear. While DOGE has maintained positive performance, SHIB has struggled but now both assets are poised for a possible rally, leading to renewed interest in the "Santa Rally" concept.

XRP's Strong Support and ETF Influence

XRP has consistently held around the $1.90 level, which was a critical point during the 2021 bull run. This price zone has seen the market test support four times this year, each time bouncing back quickly and showing solid backing rather than superficial support.

The potential introduction of spot ETFs could significantly alter the dynamic. If current inflows persist, we could see 4-5 billion XRP taken out of circulation by year-end. In its first week, Canary Capital acquired over $281 million worth of XRP, with other issuers like Franklin Templeton and Grayscale expected to absorb even larger quantities once their products launch.

This influx could lead XRP prices toward $5, transforming it from a lofty ambition into a feasible recovery scenario. If inflows are weaker, XRP may stay around $3.20, while strong demand could push prices above $6.00.

XRP/USD Chart
XRP/USD by TradingView

Technically, the chart supports this outlook; the RSI is around 37, placing XRP at the lower end of its long-term channel without breaking any significant trends. With the key liquidity floor at $1.90 and increasing ETF interest, XRP is entering December with a favorable setup among large-cap cryptocurrencies.

Bitcoin Liquidations and Market Sentiment

According to CoinGlass, Bitcoin experienced $56.8 million in liquidations over the last day, with just $9.85 million coming from long positions while shorts took the bulk of the losses. Even though Bitcoin faced downward pressure, dropping 8.78% at one point to $80,600, it managed to bounce back towards $85,900, indicating a potential liquidity trap for aggressive short sellers.

Bitcoin Liquidation Data
Source: CoinGlass

The overall landscape shows that the pressure from short positions is weaker than it appears, reinforced by the liquidation map revealing clusters where shorts are frequently entering and getting flushed out. Despite Bitcoin’s current challenges, this pattern of bullish liquidations amidst a struggling weekly chart often leads to a positioning reset.

In summary, as we approach the end of November, DOGE and SHIB are showing seasonal patterns that may result in stronger rallies. XRP is influenced by ETF dynamics, while Bitcoin’s liquidation landscape appears to favor buyers, setting the stage for the beginning of December.