Kraken News: XRP Price Declines, Bearish Signs Emerge

XRP Price Slides Slowly—Is a Bigger Drop Coming?

XRP price started a fresh decline below the $2.420 zone and failed to clear this resistance. The price is now trading below $2.40 and the 100-hourly Simple Moving Average, showing bearish signs. A connecting bearish trend line is forming with resistance at $2.35 on the hourly chart. If the pair breaks the $2.30 support zone, it might extend losses. The price declined below $2.35 and tested the $2.30 zone, forming a low at $2.301 before consolidating losses.

Dogecoin (DOGE) Faces Market Correction—Will Buyers Step Back In?

Dogecoin (DOGE) started a fresh decline from the $0.2050 zone against the US Dollar. The cryptocurrency dipped below the $0.1980 and $0.1920 support levels. Currently, DOGE is trading above the $0.180 level and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.1950 on the hourly chart. The price could gain bullish momentum if it clears the $0.1940 and $0.1980 resistance levels. Dogecoin’s decline comes after it failed to clear the $0.2050 resistance, similar to Bitcoin (BTC) and Ethereum (ETH).