XRP has come above the $ 0.52 level after capturing $ 0.75 in its recent rise. Dogecoin, on the other hand, succumbed to short-term bearish pressure.
Ripple (XRP) price analysis
XRP came back to $ 0.4 after hitting a local peak at $ 0.75. Sellers were stopped at the $ 0.36 level and the bulls turned 43 cents, a 50% retracement of this rise, into support.
The climb at $ 0.49 – $ 0.51 remained stable, and the Supertrend indicator gave a buy signal. Parabolic SAR also gave a buy signal and both indicators can be used to set the stop loss.
Momentum favors the bulls, but not the trade volume. The $ 0.57 could offer some resistance in the price and force a decline to the $ 0.536 level.
Dogecoin (DOGE) price analysis
DOGE has remained stable in the $ 0.07 – $ 0.072 region over the past few days. Bollinger bands show that volatility is decreasing as they have tightened around the price. However, the peaceful landscape has turned into a bearish pressure scenario in the past few hours.
The price landed towards the lower end of the Bollinger bands and continued to fall. There was some demand to be seen in the $ 0.063 zone, but retesting this level could result in DOGE falling further to $ 0.0534.
The MACD has also formed a bearish trend and dipped below the zero line to show rising bearish momentum.