XRP, ETH and DOGE Reach Turning Points as Market Sentiment Turns Bearish

With its price hovering just above a crucial support level, XRP is at a turning point. At $2.49, the asset has dropped 4.13% over the past day and broken

XRP is at a turning point as its price continues to hover just above a crucial support level.

At $2.49, XRP has dropped 4.13% in the past day, breaking through the rising trendline that served as the foundation for its bullish structure.

If the subsequent critical support at $2.29 fails to hold, XRP could see an extended downturn that might lead it toward the $1.72 range, last seen in early January.

Moving averages show growing bearish pressure, with the 50-day EMA now acting as resistance. If XRP fails to recover above this moving average, further pessimism could lead to selling activity.

The RSI, at 42, indicates decreasing momentum as buyers struggle to regain strong presence. However, if XRP manages to stay above $2.29 and move back toward the $2.68-$2.73 range, a recovery might be on the horizon.

Heading forward, XRP's success largely depends on its ability to regain bullish momentum. A bounce from its current support levels could spark a short-term rally, but a failure to hold above these crucial zones could accelerate losses.

With on-chain data showing a decrease in transaction volume and a slowdown in whale activity, XRP is facing increasing pressure to recover before sentiment turns fully bearish.

A critical resistance level could determine Ethereum's next short-term move. The asset has been gradually recovering after its steep decline, but the resistance level around $3,050 remains a key hurdle.

Given the current market structure, a rejection could send ETH back toward lower support levels, as this level has historically served as a crucial turning point. A closer look at the Ethereum price chart reveals that the bulls do not have a clear upper hand.

The convergence of the 50-day moving average with the resistance zone adds to the selling pressure. If ETH fails to decisively break through this level, the next support could be around $2,700. Further drops toward the $2,500 range are possible if this support is breached.

If ETH manages to overcome this crucial resistance, it could open up higher ground, potentially leading to a fresh buying wave.

A breakout above $3,050 could put ETH on a path toward $3,300 and beyond. To determine whether Ethereum has the strength to break through or if a short-term reversal is more likely, traders will be watching trading volume and momentum indicators closely.

A drastic price drop has brought Dogecoin to a crucial support level with no immediate sign of recovery. The meme coin has slipped below its useful trendline, a key technical that has historically acted as a safety net against steeper falls. As a result of this breakdown, the possibility of further losses has risen substantially, putting investors on edge about the future.

From its previous highs, the price of DOGE has dropped significantly, now trading around the $0.22 level. Due to the bearish control indicated by the breakdown below the trendline and the turbulence in the broader market, Dogecoin's position is becoming increasingly tenuous.

A break below the next major support at around $0.20 could lead to a further sell-off toward $0.18 or lower if this bearish momentum continues.

Relative to its surroundings, the price of DOGE has dropped drastically, and its position on the technical indicators is worsening. Despite being close to oversold conditions, the Relative Strength Index (RSI) on its own does not guarantee a reversal. If selling pressure persists, the chances of a deeper decline remain high. Without a catalyst to shift market sentiment, DOGE may continue to decline in the short term.