Kraken Data Shows XRP’s Precarious Position Amid Market Pressure

XRP is currently struggling to maintain its price levels, facing significant downward pressure as it trades below critical support markers. As of the latest data from Kraken, the cryptocurrency is hovering under $2.3350 and the 100-hourly Simple Moving Average, signaling potential vulnerability to further declines if it fails to hold the $2.280 support level. Despite a brief recovery attempt that saw XRP break above a bearish trend line at $2.305 on the hourly chart and surpass the 23.6% Fibonacci retracement level, the token’s overall trajectory remains uncertain. Market participants are closely monitoring these developments, as a breakdown below key thresholds could exacerbate the downward momentum. This analysis delves into the current state of XRP, leveraging Kraken’s data to provide insights into its near-term prospects.

XRP Price Struggles to Stay Afloat — Is a Breakdown Coming?

XRP faces mounting pressure as its price falters below key support levels. The cryptocurrency, now trading under $2.3350 and the 100-hourly Simple Moving Average, shows vulnerability to further declines if it breaches the $2.280 threshold.

A brief recovery attempt saw XRP surpass a bearish trend line at $2.305 on the hourly chart, with data from Kraken indicating modest gains. The token managed to clear the 23.6% Fibonacci retracement level of its recent drop from $2.4768 to $2.2670, but momentum remains fragile.

Market participants watch for directional cues as XRP mirrors broader crypto trends. The failure to sustain above $2.380 has left bulls on the defensive, with technical indicators suggesting persistent selling pressure.

Ethereum Price Rallies as Bitcoin Takes a Breather — Is ETH Leading the Charge?

Ethereum’s price has surged over 5%, finding strong support at $2,460 before climbing past key resistance levels at $2,550 and $2,620. The ETH/USD pair now eyes a breakout above $2,720, with a bullish trend line forming at $2,575 on hourly charts.

While Bitcoin consolidates, Ethereum’s outperformance suggests a potential leadership role in the current market cycle. Kraken data shows sustained buying pressure, with the 100-hourly SMA acting as dynamic support.

Dogecoin (DOGE) at Risk — Can Support Hold This Time?

Dogecoin faces renewed downward pressure as it struggles to maintain key support levels against the US Dollar. The meme cryptocurrency has retreated from its $0.2540 peak, entering a consolidation phase that threatens further declines below $0.2200.

Technical indicators show Doge trading beneath both the $0.240 psychological barrier and the 100-hour moving average. Market observers note a developing bullish trendline at $0.2230 on Kraken’s DOGE/USD charts, suggesting potential stabilization if the $0.230 resistance zone is breached.

The current correction follows DOGE’s failure to surpass $0.2550, diverging from bitcoin and Ethereum’s performance. The asset tested lows near $0.2157 before entering its current consolidation pattern, leaving traders watching for either breakdown or reversal signals.