Cryptocurrencies XRP, Bitcoin, and Dogecoin face key support levels; potential for price bounce

From Investing.com

December 23, 2024 12:00:21 AM:

XRP is currently testing the 26 EMA support near $2.28, a crucial level that could determine its short-term direction. The asset may retest recent highs near $2.60 if it bounces off this level, depending on market dynamics. However, failure to hold the 26 EMA could lead to more severe corrections towards $2.15.

Bitcoin struggles to sustain above $100,000, facing downside risks with a current price of $97,154. The asset broke a short-term ascending trendline, highlighting the $93,000 support level. Increased selling activity and bearish sentiment could push Bitcoin towards $83,000 or $74,000 if $93,000 is breached.

Dogecoin faces technical challenges at the $0.32 level, failing to reach the $1 target. The 50 EMA at $0.28 is a fragile support, with potential losses looming towards $0.22. Overcoming resistance at $0.38 is crucial for a recovery, but strong bearish activity and high selling pressure pose challenges for DOGE.

Read more at Investing.com: XRP Hits Strong Support Level, Is $93,000 Next for Bitcoin (BTC)? Dogecoin (DOGE) Dream of $1 Is Over? By U.Today