XRP News Today: Dogecoin Surges 1% Breaking 200-Day EMA Resistance

Dogecoin (DOGE) is showing signs of a significant breakout, with its price action indicating a potential major surge in 2025. Currently trading at $0.21, DOGE has surpassed significant resistance levels, marking a +1% daily gain. The meme coin has broken through the crucial 200-day Exponential Moving Average (EMA), a level it has struggled to surpass for months. This technical breakout is supported by general market optimism and the upward resolution of an ascending wedge that formed in late June. The psychological barrier of $0.20, which previously acted as a ceiling, has been breached, validating traders' bullish bias.

Dogecoin is now in overbought territory as the Relative Strength Index (RSI) rises above 70. However, in trending markets, the RSI can remain overbought for extended periods as the price continues to rise. The next logical resistance level for DOGE is near $0.25, a level not seen since early May. If DOGE maintains its momentum and volume, it could potentially run beyond this level.

The overall bullish environment of the cryptocurrency market provides DOGE with the tailwind it needs for long-term growth. Investors should monitor whether this rally attracts speculative momentum and retail volume, as DOGE thrives on hype cycles. This technical breakout could signal the beginning of a new story for the meme coin.

Shiba Inu (SHIB) is at a critical juncture, with its price action focusing on a single technical level—the 200-day EMA. Currently trading around $0.0001437, SHIB has recovered from a local bottom around $0.00001230. However, this rally risks becoming a bull trap unless SHIB breaks above the 200 EMA with conviction. The bulls have had the upper hand recently, but this rally has driven SHIB to the brink of exhaustion unless it overcomes this crucial obstacle.

If SHIB fails to penetrate above the 200 EMA and establish a close above it, a quick retracement back toward the $0.00001300 zone is possible. This region has been strengthened by prior horizontal support and would likely be the target of a pullback. The RSI, currently overbought at 71, indicates that the rally may be nearing its end. However, if bulls can push through and turn the 200 EMA into support, the next technical target for SHIB could be around $0.00001550, a zone not seen since early May. A breakout here would validate a higher high, further supporting the narrative of trend reversal.

SHIB needs to break the 200 EMA to remain competitive. If it does not, the meme token will likely experience another stalled rally and correction. SHIB is at a pivotal point, and the course of the upcoming weeks will be determined by what transpires next.

XRP is in a euphoric phase, outperforming the rest of the cryptocurrency market with a parabolic rise. After months of consolidation, XRP experienced an explosive breakout, rising from below $2.20 to over $3.20 in just a few weeks. The size of this move and the steepness of the rally indicate that irrational exuberance is gaining ground on the asset. The RSI is currently at an extreme level of 85, which is rarely maintained for very long. Such readings have historically preceded cooling-off periods or drastic corrections. However, during euphoric periods, assets may stay overbought for prolonged periods due to speculative demand, FOMO, and positive sentiment.

Volume has increased in tandem with the price, suggesting that the rally is being driven by high participation. However, this could also mean that a blow-off top is about to form if momentum stalls and no new buyers enter the market. XRP is susceptible to quick profit-taking if sentiment changes due to the recent rally's steep angle. Despite these risks, the breakout is structurally sound. Earlier this month, XRP broke out from a clearly defined ascending triangle and easily cleared resistance zones. Bullish alignment between the 50, 100, and 200 EMAs indicates strong underlying trend support. If momentum continues and volume stays high, XRP may push toward the $3.50-$3.80 zone before any significant retracement.