XRP, SOL, DOGE Price Analysis: Key Levels to Watch as the Market Takes a Turn

XRP's price has plummeted below the 50 EMA, which frequently serves as a crucial support for bullish momentum. Solana (SOL) is at a turning point with its price hovering just above $200. Dogecoin is approaching a turning point as it approaches the 200 EMA

XRP’s recent price decline has seen the asset drop below the 50 EMA, a level that has often acted as crucial support for bullish momentum. Many traders are now questioning whether a return to the $3-mark is still on the cards, especially as the asset now struggles to hold on above $2.50.

The primary concern is the apparent loss of uptrend structure in XRP’s current price action on the 4-hour chart. The next level to watch for support is the level at $2.10. Failure for XRP to hold above this zone could see the asset get pulled toward the 200 EMA, which lies around $1.80.

However, a recovery is not entirely out of the question. XRP seems to be attempting to carve out a local bottom and has found some temporary stability after the sharp drop from recent highs. For a bullish reversal to begin forming, the price would need to push back above $2.80, reclaiming the 50 EMA as support.

This would pave the way for a retest of the $3-resistance zone, which acted as a significant hurdle in the past. On the other hand, volume trends are showing a decline, suggesting a lower level of buying interest at the moment. XRP might struggle to sustain any recovery efforts in the absence of a strong surge in demand.

Furthermore, the RSI is seen circling in the neutral territory, indicating that no major reversal is yet showing up on the lower time frames. The most probable scenario for now is further consolidation between the levels of $2.50 and $2.10. Should XRP break through the $2.10-support, the decline could accelerate.

However, a return to $3 might still be possible if buyers step in and recover the lost ground, although it will face strong resistance first.

Solana set for a U-turn

Solana (SOL) is at a critical juncture as its price hovers just above $200, a psychological and technical level. The impending crossover of the 50 and 100 EMAs could introduce further downside volatility, and recent price action suggests that SOL is struggling to regain momentum following its steep decline.

Solana’s failure to recover lost ground is showing signs of bearish weakness, and the asset is currently trading at around $205 as it faces the 50 EMA. A bearish shift in momentum is often indicated by the asset’s drop below the 50 EMA and the 100 EMA’s rapid convergence.

The completion of a bearish crossover between the two moving averages could amplify the selling pressure and lead SOL to slip below the $200-mark. The most immediate support level is at $191, where buyers have previously stepped in to halt the decline.

If this level fails to hold, the next significant support, corresponding to a previous demand zone, lies around $175. A break below that would see SOL enter a deeper corrective phase, potentially testing the 200 EMA at about $160.

On the upside, the 50 EMA now acts as the first resistance at $222, followed by the next significant resistance at $215. For any bullish reversal to gain traction, SOL would have to spike back above these levels to indicate renewed buying interest.

Declining activity in volume trends suggests that bulls are not very convinced by the current levels. The RSI, although in the neutral territory, is tilting slightly downward, indicating a stronger bear presence.

Dogecoin’s make-or-break test

Dogecoin is nearing a critical turning point as it approaches the 200 EMA, a level that could determine whether the meme coin continues its ascent or begins a prolonged downturn. Following a sharp rally of over 250%, DOGE has undergone a substantial retracement, wiping out the majority of its gains and testing key support levels that will dictate its next move.

Dogecoin is currently trading at around $0.266, a steep drop from its recent highs above $0.44. Volume has risen in conjunction with the decline, indicating a large volume of traders exiting their positions. Higher volume can sometimes signal a reversal, but the strong downward pressure suggests a wave of selling that could push DOGE even lower.

The asset’s 200 EMA now serves as its last line of defense. In the past, this level has acted as a strong buffer, halting further drops. If DOGE manages to hold above this moving average, a short-term recovery may follow, with immediate upside resistance located near $0.30 and $0.317.

However, a price drop below the 200 EMA could confirm a complete shift into a downtrend, with the next significant support level being at $0.22. The converging EMAs, indicating increasing bearish momentum, add to the concerns.

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