Will XRP Get Back to $3? Solana (SOL) On Verge of Losing $200, Dogecoin (DOGE) Lost Almost All 250% Gains

Recently, XRP's price has plummeted below the 50 EMA

XRP's price has fallen significantly, dropping below the 50 EMA, which typically provides support for upward momentum. Traders are questioning whether XRP can recover to $3, as it currently struggles to maintain above $2.50. The lack of an uptrend in XRP's price action raises concerns.

Support and Resistance Levels

The next crucial support level to watch is $2.10. If XRP fails to hold above this level, it could drop to the 200 EMA at approximately $1.80. However, a recovery is not improbable. XRP is attempting to establish a local bottom and has found temporary stability despite the decline. To achieve a bullish reversal, XRP would need to push back above $2.80 and reclaim the 50 EMA as support. This would pave the way for a retest of the $3 resistance zone.

Volume Trends and Indicators

While volume trends are declining, reflecting reduced buying interest, it's important to note that XRP's RSI is hovering in neutral territory, indicating that no significant reversal is imminent.

Consolidation and Possible Scenarios

The most likely scenario is further consolidation between $2.50 and $2.10. If XRP breaks below $2.10, the decline could accelerate. However, a return to $3 remains possible if buyers intervene and regain lost ground.

Solana at a Crossroads

Solana (SOL) hovers above $200, facing a crucial turning point. The impending crossover of the 50 and 100 EMAs may lead to increased volatility, as SOL struggles to regain momentum after a steep decline. SOL's inability to reclaim lost ground signals weakness, with its fall below the 50 EMA and the 100 EMA's imminent convergence indicating a potential bearish shift in momentum.

Support and Resistance Levels

The immediate support level is $191, where buyers have intervened in the past. If this support fails, SOL may drop to $175, a previous demand zone. A break below $175 could trigger a deeper correction, possibly testing the 200 EMA at $160.

Volume Trends and Indicators

Declining volume trends suggest a lack of bullish confidence, while the RSI is slightly skewed downward, indicating ongoing bearish momentum.

Dogecoin's Test of Resilience

Dogecoin (DOGE) approaches the 200 EMA, a critical level that will determine its future trajectory. After a substantial retracement, DOGE has tested significant support levels that will shape its next move.

Support and Resistance Levels

DOGE currently trades around $0.266, a steep drop from its recent highs. Increased volume accompanies the decline, indicating significant selling pressure. The 200 EMA represents DOGE's last major support level. If it holds, a recovery might occur, with potential resistance at $0.30 and $0.317.

Volume Trends and Indicators

If the price falls below the 200 EMA, a downward trend may be confirmed, with $0.22 serving as the next significant support. The convergence of the EMAs adds to the bearish momentum. RSI levels at 40 suggest DOGE is not yet oversold, leaving room for further decline.

Outlook

Dogecoin requires strong buying support to prevent a breakdown below the 200 EMA. Ongoing weakness in volume and indicators points to the possibility of further selling pressure.