Dogecoin (DOGE) experienced a relatively large drop in price on Friday, as Twitter removed the doge icon as its logo. This caused DOGE/USD to fall to a low of $0.08185, down by around 8% compared to earlier in the week. Price strength for the meme coin is currently tracking at the 52.85 mark, with a possible target for sellers at the long-term floor of $0.0780. On the other hand, XRP, formerly ripple, was a notable exception on Friday with XRP/USD moving to a peak of $0.5129. This was mostly due to bulls pushing the token away from a recent support point at $0.4950 as the relative strength index (RSI) reached 61.17. Should the current momentum continue into the weekend, the next visible ceiling for the prominent crypto could be at the 65.00 mark, with a good chance of trading over $0.5200.
Melissa Sanchez
- 2023-04-07
Technical Overview of DOGE/USD and XRP/USD
Dogecoin (DOGE) experienced a large drop in price on Friday, as Twitter removed the doge icon as its logo, sending DOGE/USD to a low of $0.08185. Meanwhile, XRP, formerly ripple, moved to a peak of $0.5129 due to bulls pushing the token away from a recent support point at $0.4950.
