Price Analysis

XRP Price And Dogecoin Price Tank Hard, What’s Next?

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Highlights

    XRP price is attempting hard to clear certain levels on which the price got rejected a couple of times

    The dogecoin price also trending in a very narrow region around $0.5, keeping the downtrend constant

XRP Price Continue To Descend

The XRP price in recent times had gained pretty good momentum to propel further close to its previous highs. Yet the market flipped and slammed the XRP price into a bearish divergence. Despite repeated attempts, the price failed to clear the strong resistance levels at $1.6, yet plunged very hard below $1.5.

xrp price

The price is currently trending within a descending channel and about to hit the lower support levels of the channel. If the price bounces back, then probably could break the upper resistance levels flipping the bearish divergence. On the contrary, if the price breaks down the channel, the price may eventually slide below $1 too.

Yet, the current dip might be a healthy correction and a strong bounce back may be approaching fast. At the time of writing, the XRP price is 1.38 with a drop of 6.04% in the last 24 hours. 

Technical Specifications

  • The resistance levels are at $1.6
  • The support levels are at $1.34
  • The indicators are neutral 

Also Read: Is XRP Price on the Path of Recovery? or Will It Leave the List of Top 10 Altcoins?

Dogecoin Price At A Toss!

The dogecoin price in recent times witnessed a steep fall. It appeared that the price may have come back on track, but negative. The price however successfully broke the M-Shaped pattern which signifies the bearish trend. Yet reduced the intensity of spike, eventually lowering the resistance levels. 

doge price

The price is struggling hard to surpass the $0.5 levels, yet gets rejected each time it hits. At the time of writing, the DOGE price is $0.4464 with a huge drop of 11.24% in the last 24 hours. Therefore incurring a weekly loss of more than 26%.

Technical specifications

  • The resistance level of dogecoin price is at $0.5233
  • The support levels are at $0.4280
  • The indicators point out towards a buy signal.

Also Read: Elon Musk Jumped In to Uphold Dogecoin Price, Is Still $1 imminent?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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