CandleFocus

XRP Not Allowed Above $0.60, Dogecoin (DOGE) on Verge of Performing Vital Breakthrough, Bitcoin (BTC) Breaks 220-Day Downtrend

Author: Content Editor
In summary, XRP has faced severe rejection at a critical resistance level, generating bearish momentum. The asset's inability to surpass the resistance and the presence of the 200-day EMA have hindered its rise. If XRP fails to break above $0.55, more pressure from bears is expected, and there is a crucial support level at $0.50. The Relative Strength Index suggests a turning tide for bears. Bitcoin has recently broken above the $67,000 mark, signaling a potential change in market sentiment, but it must hold this level for further bullish moves. Failure to do so may trigger a bearish pullback. Dogecoin, on the other hand, has crossed the 200-day EMA, signaling a potential breakthrough, and may see sustained price growth if it can secure a strong daily close above this level. $0.13 and $0.15 are possible targets. However, if Dogecoin fails to hold above the 200-day EMA, a rejection and pullback could occur.

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