Kraken: XRP Price Corrects After Rally, Bulls Still in Play

The XRP price recently experienced a surge above the $2.220 zone but has since corrected its gains. Currently trading above $2.20 and the 100-hourly Simple Moving Average, the cryptocurrency shows signs of potential further correction. A break below a connecting bullish trend line with support at $2.220 on the hourly chart suggests that the XRP/USD pair might test the $2.150 support zone. Earlier, the price initiated an upward wave, surpassing the $2.10 and $2.120 resistance levels, indicating continued bullish momentum despite the recent pullback.

XRP Price Corrects After Rally, Bulls Still in Play?

The XRP price recently surged above the $2.220 zone but has now corrected gains. The price is currently trading above $2.20 and the 100-hourly Simple Moving Average. However, there was a break below a connecting bullish trend line with support at $2.220 on the hourly chart. The XRP/USD pair might correct lower and test the $2.150 support zone. Earlier, the price started a decent upward wave above the $2.10 and $2.120 resistance levels, and even pushed above $2.250 before forming a high at $2.299.

Dogecoin (DOGE) Pulls Back — Is A Bounce from $0.1650 Support on the Horizon?

Dogecoin has initiated a fresh upward movement against the US Dollar, surpassing the $0.1700 mark. Currently, DOGE is undergoing a correction but may find support near the $0.1650 level. The price remains above both the $0.1650 threshold and the 100-hourly simple moving average. A key bullish trend line at $0.1760 was broken on the hourly DOGE/USD chart, based on Kraken data. A potential rebound could occur if the price manages to break through the $0.1800 resistance zone. Earlier, Dogecoin rallied past $0.1700 and $0.1800 before encountering resistance, peaking at $0.1852 before the correction began.