XRP Retreats, Eyeing Further Declines
XRP has broken below the critical 26 EMA, signaling a shift in momentum. The asset hovers near a potential acceleration zone, currently trading around $2.88.
Bearish pressure intensifies, threatening further declines if buyers fail to intervene. The next support lies between $2.75 and $2.70, highlighting the robust $2.50 zone as a significant target.
The loss of the 26 EMA raises concerns, as price corrections tend to intensify before recoveries in strong trends. Selling pressure may lead to a steeper decline before XRP attempts another rally.
Regaining the 26 EMA is crucial for bullish sentiment. A breach above $3.00 could signal renewed buying interest, potentially pushing XRP towards $3.20-$3.30. However, failure to recover these levels may indicate a trend reversal, leading to a brief downward correction.
Dogecoin Loses Momentum, Vulnerable to Decline
Dogecoin has breached the $0.30 support, opening the door for further declines. The loss of this psychological barrier raises concerns about ongoing weakness.
The asset currently trades below the 100 EMA, which has provided support in the past. Failure to recover this level promptly may trigger a significant correction.
$0.28 emerges as the next support, aligning with a previous consolidation zone and the 200 EMA. A break below $0.28 could lead to a sell-off, approaching $0.26.
Dogecoin must reclaim $0.30 and establish it as support to regain control. A push above $0.31 could signal renewed buying interest, leading towards $0.34.
Ethereum's Downward Spiral Continues
Ethereum remains entrenched in a bearish trend, with breakout attempts failing to gain traction. Trading at $3,101, the asset struggles for momentum.
Bearish pressure intensifies, bringing the 50 EMA closer to the 200 EMA, increasing the likelihood of a "death cross" technical signal.
Ethereum's lower highs and lows suggest a prolonged downtrend. Failed breakouts and price rejection near the descending trendline point to weakening bullish sentiment.
Breaking below $3,150 could extend the decline to $3,000, representing a psychological support level. A further break below $3,000 would target $2,850, increasing selling pressure.
A sustained move above $3,400 could shift market sentiment and indicate bullish momentum. Until then, Ethereum remains vulnerable to further downside risks.