XRP News Today: XRP Surges 10% Towards $3.00 Resistance Dogecoin Jumps 20% on Bullish Sentiment Pi Coin Drops 35% Amid Market Correction

On July 11, the cryptocurrency market witnessed notable shifts in several prominent digital assets, including XRP, Pi Coin, and Dogecoin. XRP, the native token of the Ripple network, continued its upward trajectory, trading above $2.80. This rise is attributed to increased institutional buying, which has propelled the token towards the crucial psychological resistance level of $3.00. The prevailing technical indicators suggest a bullish outlook for XRP, with analysts predicting that the token could surpass this resistance level in the near term.

Dogecoin, the leading meme coin by market capitalization, also saw a price surge, trading around $0.20. This increase is part of a broader trend where meme coins are outperforming the broader cryptocurrency market. The interest in Dogecoin is at an elevated level, with futures contracts indicating heightened risk-on sentiment. Analysts predict that Dogecoin could reach the double-bottom's neckline at $0.2596, with potential gains extending to the 38.2% retracement level at $0.3300. The overall optimistic market sentiment suggests that a decisive push above $0.20 could validate the most bullish Dogecoin price prediction to date.

Pi Coin, meanwhile, is currently trading within the $0.45 to $0.50 range, reflecting a 35% decline from its May high. This pullback aligns with the overall market correction, but the technical outlook for Pi Coin remains uncertain. The token's price has been volatile, and analysts are divided on its future direction. Some predict that Pi Coin could continue to decline, while others believe it has the potential to recover and reach new highs.

The overall sentiment in the cryptocurrency market is bullish, with Bitcoin and other major cryptocurrencies also experiencing significant gains. Bitcoin's upward momentum has accelerated, as indicated by the "negative dealer gamma buildup" and the bull flag breakout. The 14-day RSI topping 70 and the MACD histogram producing higher bars above the zero line suggest that the bull momentum is strong. However, some analysts caution that the market may be overbought, and a correction could be imminent.

In summary, the cryptocurrency market on July 11 saw significant movements in XRP, Pi Coin, and Dogecoin. XRP's bullish momentum has pushed it close to the $3.00 resistance level, while Dogecoin's surge has been driven by elevated interest and risk-on sentiment. Pi Coin, on the other hand, is experiencing a pullback, with analysts divided on its future prospects. The overall sentiment in the market is bullish, but some caution that a correction could be on the horizon.