- XRP struggles below key support: XRP has dropped below the 50 EMA, facing further risk if it cannot hold above $2.10. A push past $2.80 is needed for a bullish reversal and a potential retest of $3.
- Solana fights to stay above $200: SOL hovers near $205 with immediate support at $191. A bearish crossover between the 50 and 100 EMAs threatens further declines if buyers fail to step in.
- Dogecoin faces critical test: DOGE has retraced most of its 250% gains and is now testing the 200 EMA. Holding this level is crucial to avoid a deeper downtrend.
XRP, Solana, and Dogecoin are battling to hold crucial support levels after sharp declines. With weakening momentum and low buying interest, traders are on edge, watching for signs of recovery or further downside. Let’s break down the key levels and what’s next for these major tokens.
XRP Fights to Stay Above Key Levels: Can It Reclaim $3?
Things have taken a rough turn for XRP, with its price dropping below the 50 EMA—a crucial level that often acts as support for bullish momentum. Traders are on edge, questioning whether XRP’s dream of a return to $3 is still in play. Right now, the token is struggling to hold above $2.50, and the breakdown of its uptrend structure is causing serious concerns.
The next key level? $2.10. If XRP fails to hold that support, it could slide further toward the 200 EMA around $1.80. That said, all hope isn’t lost. XRP seems to be trying to form a local bottom and has found some short-term stability despite the steep decline. For any meaningful reversal to take place, the price needs to break back above $2.80 and reclaim the 50 EMA as support.
A successful recovery here could set the stage for a retest of the $3 resistance zone, a level that’s proven to be a tough barrier in the past. However, with declining trading volume indicating weaker buying interest, XRP faces an uphill battle. The RSI is hanging around neutral territory, meaning there’s no clear signal of a reversal just yet.
Solana (SOL): Turning Point Approaching?
Solana is also at a critical juncture. Hovering just above $200—a key psychological and technical threshold—SOL is struggling to regain momentum after its recent decline. The price currently sits near $205, with both the 50 EMA and 100 EMA converging, signaling potential downside volatility if a bearish crossover completes.
The immediate support lies at $191, where buyers have stepped in before. If that level cracks, SOL could drop to the next major support around $175, corresponding to a prior demand zone. A break below $175 would likely trigger a deeper correction, possibly testing the 200 EMA near $160.
On the flip side, for bulls to regain control, SOL needs to rally above $215, with the 50 EMA offering resistance at $222. However, weak volume trends hint that bullish confidence is lacking. The RSI is slightly biased downward, reinforcing that bears still have the upper hand.
Dogecoin (DOGE): At the Edge of a Major Test
Dogecoin is nearing a pivotal moment. The meme coin, which surged over 250% in a recent rally, has since retraced significantly, erasing most of those gains. Now, DOGE is testing the 200 EMA—a level that could dictate whether it continues upward or succumbs to a prolonged downtrend.
For DOGE, holding this support level is critical. A failure here could open the door to further declines, while a bounce could reignite bullish momentum. Market conditions are volatile, with traders watching closely to see whether DOGE can find its footing or face another leg down.
Market Conditions: What Comes Next?
The common thread across these assets—XRP, SOL, and DOGE—is a battle at key technical levels. Weak volume and neutral to bearish indicators suggest that momentum isn’t on the side of bulls just yet. For now, the market may remain in a consolidation phase as traders wait for clearer signals. Whether these coins can stage a comeback or continue to slide further will largely depend on buying interest picking up in the days ahead. Until then, it’s a waiting game.
