XRP News Today: Dogecoin Drops 35% Approaching $0.145 Support Level XRP Breaks Below 200-Day EMA With High Sell Volume Shiba Inu Hovers Above $0.000010 Support Amid Weak Market

Dogecoin is approaching a critical support level at $0.145, having fallen more than 35% from its recent high. The cryptocurrency has formed a series of lower highs and lower lows, confirming a strong bearish trend. Key technical levels, such as the 50, 100, and 200-day moving averages, have turned into resistance after being breached. The Relative Strength Index (RSI) is currently near 27, indicating oversold conditions, but the low trading volume suggests a lack of bullish momentum. If Dogecoin fails to rebound decisively at $0.145, it may slide further, with the next potential support level around $0.10.

XRP has recently broken below a symmetrical triangle pattern and the 200-day Exponential Moving Average (EMA), shifting from a consolidation phase to a confirmed bearish movement. The breakdown occurred with high sell volume, indicating a significant shift in market structure. XRP had been holding support within this triangle for months, but the current breach suggests a move towards active selling. The daily RSI for XRP is around 32, indicating that the token is approaching the oversold zone but has not yet shown signs of recovery. If XRP fails to retest the $2.05 to $2.10 range quickly, it may face further losses, potentially dropping to $1.80 or lower.

Shiba Inu is trading just above its long-standing support level at $0.000010 after weeks of gradual decline. This level has historically provided a base for short-term recoveries, but current conditions show little buyer interest. All major moving averages remain above the current price and continue to trend downward. The RSI for Shiba Inu is below 26, confirming its oversold status. If the asset fails to hold above $0.000010, it could experience a sharper decline, potentially adding another zero to its price.

The overall market weakness has led to a cautious approach among traders, who are remaining vigilant in assuming a bottom has been reached. The price action for both Dogecoin and XRP is likely to remain weak and subject to further correction until a confluence of positive indicators occurs. Traders should be prepared for continued volatility and potential further declines in the near term.