ThepriceactionofXRPhasbeenstrengtheningrecently,indicatingthatthedeathcrossthathasbeenapproachingforseveralmonthsisnotgoingtooccur.Whenashort-termmovingaveragecrossesbelowalong-termmovingaverage,itisknownasadeathcrossandusuallydenotesbearishmomentum.TheperformanceofXRPlately,though,pointstoapotentialreversal.

The200-dayEMAisacrucialtechnicallevelthattradersfrequentlymonitor,anditiscurrentlywhereXRPisfindingresistance.Ascanbeseenfromtheattachedchart,XRPisbattlingthiscrucialresistancebycirclingaroundthe$0.55range.Theassetmightavoidthedeathcrossifthereisasuccessfulbreakabovethe200EMAandthestartofanewuptrend.AnothersignofadecisionpointistheconvergingEMAs.

ShouldXRPbeabletomaintainitspositionabovethisbarrier,newbullishmomentummaybegenerated,whichwouldenablethetokentokeeprising.Conversely,ifXRPisunabletoovercometheresistance,itcouldbeforcedbackdownhill,whichwouldraisethepossibilitythatthedeathcrosswilloccur.XRP\'sfutureisnowlargelydependentonitsabilitytoovercomethissignificantresistancelevel.

Theassetmaybeabletoavoidtheapproachingbearishsignalandstartalong-termuptrend,orthemarketmayexperienceadditionalsellingpressureinthecomingweeks.Thesedevelopmentswillbedeterminedbyfuturepricemovements.Formoreclarityastowhatdirectiontotake,observethevolumeandpricereactionsintheupcomingdays.

Bitcoinfinallydoesit

Bitcoinhasjustendedalong-termdecliningtrendlinethatstartedinMarch2024bybreakingthroughasignificantresistancelevelof$66,000.Thelong-awaited$70,000markcouldbewithinreachifthisbreakoutstartsalong-termpricerally.Butthereisabigworry:thebreakout\'slowvolumesuggeststhatbullsarenotinarushtoraisethepriceofBitcoin.

Technically,itissignificanttobreakabove$66,000,butintheabsenceofsignificantbuyerinterest,itismeaningless.Thelowvolumeraisesthepossibilitythatbullsmaylackthemomentumnecessarytomaintainastronguptrend,endangeringthepossiblerally.ThisbuyerreluctancesuggeststhattheremaybeobstaclesinthewayofBitcoin\'spushtoward$70,000.

Theamountof$65,900isthenextimmediatesupportlevel.ThebullishargumentforBitcoincouldbefurtherunderminedifthepricedropsbackintoaconsolidationphaseifitisunabletomaintainabovethislevel.ButifBitcoinisabletomaintainitspriceabove$66,000anddrawinmorebuyers,theremaystillbeapushforthepricetorise,perhapsreaching$70,000.

Bitcoinisstillatacrucialpointrightnow.Theconfirmationthatbullsarepreparedtotakeoverandpushpriceshigherrequiresasignificantspikeinvolume.Ifnot,thisbreakthroughmightprovetobeafalseindication,makingBitcoinsusceptibletodownwardpressure.

Dogecoinpushesforward

Dogecoiniscreatingastirasitbreachesasignificantresistancelevel,suggestingthatthememecoinmaybeabouttoundergoachangeinmomentum.DOGEhasrecentlybeencaughtinadoubletop,adescendingpatternthatusuallyindicatesbearishpriceaction.

ButnowthatDogecoinhassurpassedthecrucial$0.13threshold,thepatternisnolongervalid.Incontrasttorevertingtoitspreviousbearishcycle,breakingthroughthistopindicatesthatDogecoinmaybepreparingforalong-termuptrend.ThisbreakisimportantbecauseitallowsDOGEtoriseevenhigher,particularlyifbuyingpressurekeepsincreasing.Thenextsignificantobstaclemaybewellintohigherpricelevels,whichwouldgivebullsampleopportunitytodrivethepricehighernowthat$0.13haspassed.

SinceDogecoinhasreversedthescriptbymovingabovethedoubletoppattern,whichnormallyindicatesweakness,invalidatingitisespeciallycrucial.ThismakesroomforamorehopefulscenarioinwhichDOGEkeepsgrowing.Althoughvolatilityshouldalwaysbetakenintoaccount,Dogecoin\'srecentperformancesuggeststhatalong-termbullrunmaybeinthecards.

DOGEmaytargetevenhigherlevelsifbuyerskeepbuyinganddrivethepriceabovesignificantresistancelevels.Asthebreakoutcontinues,however,themovepast$0.13isencouragingforDogecoinfansforthetimebeing,andthereappearstobeagoodchanceforadditionalgains.Intheupcomingdays,monitorthemarket\'sresponsetodeterminewhetherthisrallyhasgenuineenduringstrength.

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