Following the broader market trends, XRP, VeChain, and Dogecoin posted substantial losses in the last 24 hours. XRP after posting a 202.2% decline reversed its weekly gains. VeChain was trading below its weekly low price level, plummeting more than 20%. Lastly, Dogecoin noted its monthly low price mark of $ 0.209.
XRP was trading at $ 1.08 after it broke below the $ 1.19 support line. Over the past 24 hours, the altcoin posted a 20.2% drop. At the current price level, it reversed its one-week gains. Its immediate support level stands at $ 0.93. Technicians pointed toward negative price action.
MACD showed red histograms. Awesome Oscillator showed red signal bars and a green signal bar at last, as the last trading session was green. Bollinger Bands remained divergent, indicating that prices could experience high volatility during the next trading sessions.
On the reversal, XRP could fall above the high price of $ 1.19, after which it could try to retest $ 1.30. If the coin manages to successfully trade above $ 1.30 more than a few sessions, XRP could revisit its four-month high at $ 1.39.
VET managed to stay above its immediate support of $ 0.109 as it was trading at $ 0.117. During the last day, the coin lost more than 20%. VET’s current prices were below its one-week low price level. In a further downward move, the altcoin could drop to $ 0.098, marking its low price point in a month.
The parameters of the coin were showing negative price action. The Relative Strength Index was below the midline despite the currency reigniting to stay above the oversold zone. MACD showed red histograms while Awesome Oscillator also noticed red signal bars in the mapping.
A price recovery could propel VET to break down its $ 0.124 resistance level. Additional price ceilings awaited the altcoin at $ 0.139 and then at its multi-month high of $ 0.154.
Dogecoin plunged 16.8% in the past 24 hours and was trading at $ 0.248. It fell below its $ 0.270 support line and with a further downtrend, it could revisit its monthly low of $ 0.209. The key indicators reflected a downtrend in the market.
MACD observed red histograms after a bearish crossover. The Relative Strength Index was below the midline trying to revive and move above the oversold region. The indicator was at a multi-month low. Chaikin’s money flow remained below the median line, suggesting a drop in capital inflows.
If buying pressure revives, the altcoin could break above the $ 0.270 resistance mark and then trade near the $ 0.307 price ceiling. Successfully knocking down what could revisit its multi-month high of $ 0.343.
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