The cryptocurrency market has shown stable growth in recent weeks; however, as of July 23, 2025, three key assets are showing early signs of cooling. Let's examine the current state of Dogecoin, Ethereum, and XRP.
Dogecoin (DOGE): Resistance Fatigue
Dogecoin surged aggressively from below $0.18 to nearly $0.28 in under two weeks. However, there is now a decline in bullish momentum:
* **Current Price:** $0.254 * **Resistance Rejection:** DOGE failed to close above $0.28274 * **Support Levels:** $0.216 and $0.1865 * **RSI (4H):** Dropped from 61.67 to 48.16, signaling weakening momentum * **MA Cross:** Price is currently under both 9 and 21 EMA, showing potential for bearish crossover
**Outlook:** If Bitcoin remains weak, DOGE could test the $0.24 zone, and deeper support lies near $0.216.
Ethereum (ETH): Struggling to Hold Above $3,700
Ethereum blasted from $2,700 to $3,731 but is now slipping below short-term moving averages:
* **Current Price:** $3,649 * **Recent High:** $3,731.6 * **Support Zone:** $3,200 is the next major horizontal level * **RSI (4H):** Dropped from 62.59 to 48.96, indicating bearish divergence * **MA Cross:** Price slipped under the 9 EMA at $3,701.1 and 21 EMA at $3,720.6
**Outlook:** ETH could retrace to $3,200 if BTC fails to reclaim bullish momentum.
XRP: Losing Steam After $3.61 Peak
XRP rallied hard in mid-July, pushing from $2.20 to over $3.61. But that rally is stalling with early signs of reversal:
* **Current Price:** $3.435 * **Resistance Zone:** $3.61 remains unbroken * **Support Zones:** $3.00 and $2.80 * **RSI (4H):** Fell from 58.5 to 47.99, now close to neutral * **MA Cross:** XRP is sitting below both 9 EMA and 21 EMA
**Outlook:** A drop below $3.40 could trigger a deeper pullback toward the $3.00 mark.
The three cryptocurrencies—DOGE, ETH, and XRP—have shown strong upward movements recently, but momentum is slowing across the board. The market may be gearing up for a correction in light of Bitcoin's current dynamics.
