XRP News Today: XRP Falls 12% as Dogecoin Plunges 18% in Market Correction

XRP and Dogecoin, two of the most volatile cryptocurrencies in the market, have experienced significant price corrections following recent surges, erasing substantial gains and testing investor confidence. XRP, the 12th-largest cryptocurrency by market capitalization, dropped 12% over seven days, while Dogecoin (DOGE), a meme coin with no intrinsic utility, fell 18%, emerging as the worst performer among the top 10 assets. The sharp declines have intensified scrutiny over the risks of speculative trading in altcoins, particularly those lacking fundamental value or regulatory clarity [1].

Technical analysis reveals divergent signals for the two assets. XRP’s ADX indicator at 21 suggests a weakening uptrend, though its structure remains intact with the price above key moving averages. The RSI at 64 indicates positive momentum without overbought conditions, and the Squeeze Momentum Indicator off signals resumed volatility. For Dogecoin, the ADX at 17 reflects an absence of a dominant trend, while the RSI at 54 points to a neutral market. The Squeeze Momentum Indicator on suggests an impending move, though the formation of a double bottom on weekly charts could signal bullish potential if support levels hold [1].

The corrections are part of a broader market consolidation affecting the entire crypto sector. Bitcoin’s decline below $118,000 and Ethereum’s stability around $3,800 highlight a shift in investor sentiment toward perceived safer assets. Over $539 million in liquidations have occurred, driven by excessive leverage in speculative positions. This systemic pullback underscores the fragility of momentum-driven assets, which often reverse rapidly amid shifting macroeconomic conditions or sentiment [1][2].

Macroeconomic factors, however, offer some optimism. A trade agreement between the United States and the European Union, establishing a unified 15% tariff, has reassured markets by reducing geopolitical uncertainty. This stability could benefit risk assets, including cryptocurrencies. On predictive platforms like Myriad, 68% of traders forecast Ethereum reaching a new all-time high by year-end, though this remains speculative [1].

The selloff has exposed vulnerabilities in the altcoin ecosystem. Assets like Pepe (PEPE) and Aave (AAVE) joined XRP in declining, reflecting a systemic correction rather than isolated events. XRP’s established status may allow it to stabilize faster than Dogecoin, which lacks fixed supply and fundamental value. Analysts attribute the downturn to profit-taking and regulatory uncertainties, though no concrete policy changes have yet emerged [4].

Investors now await signals of a potential rebound. While technical supports for XRP and Dogecoin remain largely intact, the dominance of Bitcoin and Ethereum in recent price action suggests altcoins may face continued pressure. The absence of strong regulatory tailwinds further complicates the outlook. For now, the brutal corrections serve as a cautionary tale for traders navigating the highly volatile crypto market [1].

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Sources:

[1] Cointribune. "XRP And Dogecoin See Brutal Corrections." https://www.cointribune.com/en/xrp-and-dogecoin-see-brutal-corrections/

[2] CoinGecko. "XRP to KRW: XRP Price in South Korean Won." https://www.coingecko.com/en/coins/xrp/krw

[3] CoinGecko. "XRP to INR: XRP Price in Indian Rupee." https://www.coingecko.com/en/coins/xrp/inr

[4] FastBull. "ETH Steals the Spotlight, BNB Taps New Record, BTC..." https://m.fastbull.com/cn/news-detail/eth-steals-the-spotlight-bnb-taps-new-record-news_6100_0_2025_3_4927_3/6100_ETH-USDT