XRP News Today: Bitcoin Below $120K as Ethereum XRP Dogecoin Face Correction Risks

The crypto market’s recent surge has begun to show early signs of consolidation, with Bitcoin hovering below $120K and altcoins like Dogecoin, Ethereum, and XRP facing critical technical hurdles. Analysts highlight that these three cryptos, which drove significant gains in the past two weeks, now exhibit weakening momentum and potential short-term corrections if Bitcoin fails to reclaim bullish traction [1].

After surging from $0.18 to $0.28 in under two weeks, Dogecoin is now struggling to maintain its position above $0.254. Technical indicators signal bearish pressure: the RSI on the 4-hour chart has dropped from 61.67 to 48.16, and the price remains below both the 9 and 21 EMA lines. If Bitcoin remains stagnant, DOGE could test the $0.216 support level, with traders advised to monitor volume before entering new positions [1].

Ethereum’s recent peak at $3,731 has given way to a pullback, with the price slipping below key moving averages. At $3,649, ETH faces a critical juncture: a decline below $3,200 could trigger a retracement to that level, offering potential long-term buying opportunities for bulls. However, bearish divergence in the RSI (4H) and the price’s position under the 9 EMA at $3,701.1 suggest caution for short-term traders [1].

XRP’s mid-July surge from $2.20 to $3.61 has stalled, with the current price at $3.435. The inability to reclaim the $3.61 resistance level and the RSI’s decline to 47.99 signal a loss of upward momentum. If XRP breaks below $3.40, it could retreat toward $3.00, but sustained Bitcoin weakness could exacerbate the downward trend [1].

Broader market dynamics, including declining on-chain activity and macroeconomic uncertainties, underscore the fragility of recent gains. The ZebPay July 2025 list ranks Ethereum and XRP among the top 10 cryptos for investment, reflecting their strategic roles in portfolios [5]. However, the slowing momentum aligns with inflationary pressures and central bank policy shifts, which have dampened risk-on sentiment. Analysts warn that renewed liquidity and macroeconomic stability will be critical for these cryptos to sustain their bullish trajectories [1].

Traders are urged to monitor Bitcoin’s performance closely, as a break below $120K could amplify corrections in DOGE, ETH, and XRP. Support levels at $0.216 for Dogecoin, $3,200 for Ethereum, and $3.00 for XRP are key watchpoints for potential entry opportunities amid the consolidation phase.

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[1] [3 Cryptos to Watch for Next Week...](https://cryptoticker.io/en/3-cryptos-to-watch-for-next-week-july-2025/)

[5] [Top 10 Cryptos To Invest In July 2025](https://zebpay.com/blog/top-10-cryptos-to-invest-in-2025)