XRP Price Drifts Back to Key Support Zone

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

DOGE+0.377%

LINK+0.109%

XRP+0.108%

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XRP Price Movement: XRP has drifted down to around $1.35, nearing a critical support level, and a breakdown below this could lead to further declines to $1.336 or $1.32, indicating persistent selling pressure in the short term.
Technical Indicator Analysis: The current RSI stands at 34.8, reflecting weak buying strength, while both MACD and Bull/Bear Power are negative, confirming that sellers dominate the market sentiment in the short term.
Bullish Rebound Conditions: If XRP can bounce from the $1.352 support and break above $1.38, it may retest the resistance at $1.4; conversely, a drop below could trigger deeper declines.
Dogecoin and Chainlink Dynamics: Dogecoin retreated to $0.105 after facing rejection at $0.11, while Chainlink approaches the $8.89 support level, with market reactions to these two cryptocurrencies likely influencing short-term trends.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0792	0.0881	0.0961	0.105	0.113	0.122	0.13
Fibonacci	0.0881	0.0945	0.0985	0.105	0.111	0.115	0.122

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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