Morning Crypto Report: Dogecoin To The Moon? $1.10 Doge Price Scenario Revealed, Solana Phone Coin Explodes 400%, $1.37 Billion In Xrp Risk Flooding Market

The cryptocurrency market remained relatively stable on Friday, January 23, 2026, with total capitalization near $3.1 trillion. Bitcoin hovered around $89,200, Ethereum traded at $2,930, and altcoins showed mixed performance as traders monitored macro developments and the expiration of $2.3 billion in BTC and ETH options.

Dogecoin surged in attention following a technical setup suggesting a potential rally to $1.10, backed by historical wedge patterns and the recent launch of a 21Shares DOGE ETF on Nasdaq. However, analysts warn of a possible dip to the $0.08–$0.12 zone before any breakout materializes.

Meanwhile, Solana’s SKR token, airdropped to users of its Saga phone, spiked 400% in under 24 hours, reaching over $0.065 amid high user engagement. XRP faces pressure near $1.91, with $1.37 billion in ETF assets at risk of rapid liquidation if support fails, raising concerns about near-term selling pressure.