Ethereum, XRP, Dogecoin Price Analysis: ETH Bulls Race to Avoid Death Cross, XRP Forms Tilted Head and Shoulders, DOGE Struggles

Due to its resilience, Ethereum is raising hopes that it can avoid the daily chart's dreaded death cross formation. The 50-day moving average crossing

Ethereum is attempting to avoid a death cross on its daily chart, with the 50-day MA approaching the 200-day MA. This formation usually indicates bearish momentum and further price drops. However, recent price action may give ETH bulls a chance to beat the trend.

The price chart shows an uptrend forming as ETH recovers from a local bottom around $2,600. This recovery coincides with an increase in trading volume, suggesting a renewed interest in buying the asset. Notably, the 50-day MA is approaching the 200-day MA but has not yet crossed decisively, giving bulls a last chance to push the price higher and invalidate the bearish setup. This possible recovery scenario is further supported by the recent volume surge.

Rising market activity suggests that buyers are stepping in and attempting to regain control of ETH's price movement, especially on green days. This momentum could help Ethereum avoid the death cross and create a more bullish outlook if it manages to sustain its uptrend and break above the $3,000 resistance level. On the downside, a failure to overcome key resistance could lead to further price drops.

If ETH falls back below $2,700 and selling pressure increases, a death cross is more likely, which could accelerate the decline. Ethereum's overall ability to avoid the bearish signal will depend on its capacity to maintain its upward momentum over the next few days. To nullify the death cross and maintain a stronger position in the market, bulls need to hold their ground and push toward the $3,000 mark.

XRP is forming an interesting but often overlooked technical pattern on its price chart that could indicate a significant move soon. The price structure suggests a tilted head and shoulders formation, which could set up for a breakout or, if invalidated, a warning of a reversal. This pattern is harder to spot at first glance compared to regular head and shoulders setups due to its sloping neckline.

Since late 2024, XRP’s price has been supported by an ascending trendline, around which it currently orbits. It is crucial to hold this level as a breakdown could lead the asset closer to the main support, seen around $2.25. If bulls fail to maintain their momentum, a move below this line could confirm the bearish implications of the head and shoulders pattern, opening up the possibility of further price drops toward $1.74.

However, there is still a chance for XRP to break out of the resistance and defy the bearish scenario. If it manages to reclaim $2.71 and buying volume picks up, there is a better chance for a move toward $3.00. A breakout above this resistance, if confirmed, would turn the market bullish, negating the head and shoulders formation. Volume will play a key role in determining XRP’s next move.

Recent price action has seen mixed trading activity, suggesting traders are hesitant about their next move. A significant volume spike to keep XRP within the ascending trendline could generate bullish momentum. However, a low-volume breakdown would confirm the hidden bearish structure.

Trading at a price below the pivotal 200-day Exponential Moving Average (EMA) and encountering difficulties in regaining any bullish momentum, Dogecoin is positioned lower on the technical time frame relative to other market assets. This technical placement could either foreshadow further price declines or a potential for a recovery.

Recent price activity for the meme coin shows that selling pressure is still present and the asset is struggling to break through resistance levels with any conviction. Any attempt to move higher could face resistance due to the 200 EMA, which is acting as a strong barrier. Trading volume is also still quite low, indicating a lack of significant buying interest at the moment.

However, Dogecoin is known for its sudden spikes, which are often triggered by market movements, celebrity endorsements, or social media hype. In the event that a catalyst appears, DOGE could quickly recover and attempt to test resistance at $0.30, which aligns with its previous rejection point. For a bullish scenario to play out, DOGE needs to move above $0.28 and reclaim the 200 EMA as support.