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Kraken Chart Shows XRP’s Bullish Momentum as It Challenges Key Resistance Levels

Kraken Chart Shows XRP’s Bullish Momentum as It Challenges Key Resistance Levels

Published:
2025-07-03 14:35:51
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XRP has demonstrated notable resilience, rebounding from its $2.15 support level amid a broader cryptocurrency market recovery led by Bitcoin and Ethereum. Currently trading above $2.22, the asset is benefiting from technical support at its 100-hour moving average, while a bullish trend line forming at $2.20 on the XRP/USD Kraken chart signals underlying strength. Despite surpassing the 61.8% Fibonacci retracement level of its recent decline, XRP now faces immediate resistance at $2.25, a critical hurdle that could determine its near-term trajectory. Market participants are closely watching whether the digital asset can sustain its upward momentum and break through this barrier, potentially paving the way for further gains. The current market conditions, combined with technical indicators, suggest cautious optimism for XRP's continued recovery.

XRP Faces Key Resistance After Rally From Support Zone

XRP has mounted a recovery from its $2.15 support level, mirroring broader market momentum seen in Bitcoin and Ethereum. The digital asset now trades above $2.22 with its 100-hour moving average providing technical support. A bullish trend line forming at $2.20 on the XRP/USD Kraken chart suggests underlying strength.

Despite clearing the 61.8% Fibonacci retracement level of its recent decline, XRP faces immediate resistance at $2.285. The 76.4% Fib level NEAR $2.32 remains unconquered, creating a critical test for bulls. Market participants are watching whether the token can break through this technical barrier to confirm continuation of its upward trajectory.

Dogecoin (DOGE) Tests Resistance at $0.1720 After Rebound From $0.1565 Low

Dogecoin has mounted a recovery from its recent swing low of $0.1565, mirroring broader momentum in Bitcoin and ethereum markets. The meme coin breached multiple resistance levels, including a key bearish trendline at $0.1640, before encountering selling pressure near the $0.1726 peak.

Technical indicators show Doge trading above both the $0.1650 support and its 100-hour moving average. Market participants now watch the $0.1720 level as a critical threshold—a decisive break could open path toward $0.1750, while rejection may trigger retracement to test the $0.1650 support zone.

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