The global cryptocurrency market cap is down by over $200 billion in the last seven days, while altcoins have shed more than $20 billion within the last 24 hours.
XRP Struggles to Breach Resistance Levels
Ripple’s native token, XRP, is facing major rejections around $2.8 and $3. Since February, it has not traded above $2.7. This week, it dropped below $2 and then recovered. Analysts warn XRP must hold above $2.50 to avoid further declines.
Dogecoin Faces Heavy Selling Pressure
Dogecoin has lost 20.1% in value in the last week, extending its monthly losses to 30.59%. Despite this downturn, DOGE remains up 236.20% year-over-year. The token recently rebounded 8% from a weekly low.
Cardano Downward Trend Continues
Cardano (ADA) is facing difficulties breaking above $2 even after the Trump-induced rally. Technical indicators suggest mixed signals, with short-term support at $0.40.
The cryptocurrency market continues to experience significant fluctuations, with investors watching key support and resistance levels.
