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Bitcoin (BTC) Movements Are Irrelevant: Here’s Why, XRP Shows Surprising Results, Dogecoin (DOGE) Between Two Flames
The cryptocurrency market has been plagued by a bearish trend in recent times, with many assets experiencing significant declines. However, as the data suggests, this might not be the case for all cryptos. In particular, the analysis points to a possibility of more gains ahead for Dogecoin (DOGE), while also highlighting a surprising upswing in Ripple’s XRP.
For DOGE enthusiasts, there is good news on the horizon. According to the latest data, it appears that the bearish signal could be disproved and a more positive trend could take hold if the price rises above the crossed EMAs. This means that investors will need to keep an eye on the $0.28 support level, which marks the 50 EMA.
If DOGE can stabilize and begin to buck the current trend, it would likely require the market experiencing increased buying pressure. However, until this is seen, DOGE remains in a precarious position and may continue to decline if there is no change in sentiment.
On the other hand, Ripple’s XRP has shown an unexpected surge recently, with some analysts suggesting that this could be the start of a more significant upward movement for the asset.
Source: u.today
