Cryptocurrencies continue to fluctuate amid changing market conditions. XRP, Dogecoin, and Ethereum are experiencing notable changes as they face various support and resistance levels.
XRP Loses Key Support Level
For the first time this year, XRP closed below the 26 EMA, a crucial support level in strong uptrends. This break indicates a possible change in momentum and an increase in bearish pressure. The current price around $2.88 indicates weakness following a recent high of over $3.40. With bulls unable to sustain control, the support levels around $2.75–$2.70 will be critical to avoid deeper decline.
Dogecoin Falls Below Critical Level
Dogecoin has formally fallen below the $0.30 support level, which could lead to further decline. This breakdown indicates growing bearish pressure. In the near term, the $0.28 support level and the presence of buying interest will be crucial for recovery.
Ethereum Stuck in Downtrend
Ethereum faces a challenging situation trading around $3,101, having difficulty gaining momentum for growth. The 'death cross' technical indicator points to increasing bearish sentiment. A recovery above $3,300 could change the current market conditions and provide new growth opportunities.
The current market situation shows that cryptocurrencies XRP, Dogecoin, and Ethereum are under pressure and require support to change the current trend. Investors and traders are closely observing market movements in anticipation of a trend reversal or deepening of current trends.
