XRP Vs. Dogecoin: Analyst Reveals Price Action Levels For The Heavy Hitters

Crypto analyst Mindfully Lost has revealed price action levels for XRP and Dogecoin. He mentioned the resistance and support levels to keep an eye out for these heavy hitters amid this market downturn. 

Price Action Levels For XRP And Dogecoin

In a TradingView post, Mindfully Lost stated that the range between $2.20 and $2.24 is the resistance level for the XRP price, noting that there is low volume around this area. Meanwhile, he revealed that the range between $1.92 and $1.95 is the major support level for the altcoin, as there is high volume around this area. The analyst told market participants to expect some consolidation through these levels. 

Meanwhile, for Dogecoin, the crypto analyst revealed the range between $0.167 and $0.169 as the major resistance level for the meme coin, noting that there is low volume around that area. Meanwhile, the range between $0.148 and $0.151 is the major support level for DOGE, as there is high volume around that zone. 

Besides Mindfully Lost, other crypto analysts such as CasiTrades have highlighted the $2 zone as being important for the XRP price. In a recent X post, CasiTrades remarked that XRP is still struggling at the $2.17 resistance, but lower supports are still valid. 

The analyst revealed that there have been multiple failed attempts to break the $2.17 resistance. She added that this level continues to act as a strong ceiling and that if this rejection continues to play out, then the support at $1.90 and $1.55 remains firmly in play, indicating that the altcoin could still drop below $2. 

XRP & DOGE Whales Have Been Busy

XRP and Dogecoin whales have been busy amid this market downtrend. In an X post, Martinez revealed that crypto whales have sold over 370 million XRP since the start of the month, presenting a bearish outlook for the altcoin. On the other hand, Dogecoin whales are actively accumulating. 

The analyst revealed that these whales have bought over 800 million Dogecoin in the last 48 hours, presenting a bullish outlook for the foremost meme coin. Binance traders are also betting on a bullish reversal for DOGE as Martinez revealed that 72.13% of traders on the crypto exchange with open positions are currently long. 

A bullish reversal for XRP and Dogecoin will largely depend on the Bitcoin price action, with the flagship crypto looking likely to drop lower at the moment. Meanwhile, crypto analysts Ali Martinez and Master Kenobi have highlighted how important it is for the Dogecoin price to hold the $0.14 support.

Martinez stated that the foremost meme coin could drop below $0.10 if it loses that support level. Master Kenobi suggested that a drop below the $0.14 support could mark the end of Dogecoin’s bull run.

The crypto market is gearing up for an important event this Thursday: the unlocking of a large portion of the TRUMP memecoin launched by President Donald Trump just before his second inauguration.

On-chain data shows the US-based exchanges have seen a reversal in their Bitcoin volume dominance.

Ripple (XRP) stabilized above $2.00, exemplifying a similar pattern to the largest cryptocurrency by market capitalization, Bitcoin (BTC), which holds firmly above $84,000 at the time of writing on Thursday.

A new report suggests that China may be looking to liquidate large stashes of confiscated Bitcoin, potentially exerting downward pressure on BTC’s price.

Ethereum price started a fresh decline below the $1,650 zone. ETH is now consolidating and might decline further below the $1,550 support zone.