Kraken Observes XRP’s Bullish Momentum Stalling Near Key Resistance
XRP’s recent price surge has encountered resistance, with the cryptocurrency struggling to maintain its upward trajectory. After reaching a high of $2.25, XRP has retreated and is now consolidating below $2.20. A newly formed trend line resistance at $2.1950 on the hourly chart suggests potential continued weakness. market analysts note that the failure to hold above key support levels aligns with broader market trends observed in other major cryptocurrencies. This development raises questions about whether the bullish momentum is merely paused or if a more significant correction is underway. Traders on Kraken and other exchanges are closely monitoring these levels for signs of a breakout or further decline.
XRP Price Momentum Stalls — Bulls on Pause or Done for Now?
XRP’s upward trajectory has hit a snag, with the digital asset retreating from its recent high of $2.25. The cryptocurrency now faces consolidation below $2.20, struggling to regain momentum as bearish pressure mounts.
A newly formed trend line resistance at $2.1950 on the hourly chart signals potential continued weakness. Market observers note the failure to hold above key support levels mirrors broader market trends seen in Bitcoin and Ethereum.
The current consolidation NEAR the 23.6% Fibonacci retracement level leaves traders watching for either a breakout above $2.20 resistance or further downside toward the recent low of $2.1320.
Dogecoin (DOGE) Faces Resistance After Failed Breakout Attempt
Dogecoin’s price action mirrors broader market weakness as it retreats from a key resistance level. The meme cryptocurrency failed to sustain momentum above $0.1880 against the US Dollar, triggering a pullback to the $0.1680 support zone.
A bearish trend line has emerged on hourly charts, with Kraken data showing strong resistance near $0.1725. The asset now trades below both the psychological $0.1750 level and its 100-hour moving average—typically a bearish technical signal. Market participants are watching whether Doge can reclaim $0.1780 to signal potential recovery.
