Crypto Majors rolls from a wave of volatility, with XRP, Cardano (ADA) and Dogecoin (DOGE), which throws itself under the most important technical support levels early on Monday.
Macroeconomic uncertainty derived from a global customs war – called an “economic nuclear war” by hedge fund manager Bill Ackman – rolls markets from crypto to global shares with Bitcoin below $ 79,000 and larger tokens down 14%.
XRP price analysis
XRP, which drives the XRP headbook, slid to $ 1.90 by 14%. On the daily chart, XRP has violated its critical support for $ 2.00 – a level that previously held as a psychological and technical ground. This collapse ends a bearish head-and-shoulder pattern, a signal of potential additional disadvantage.
Technical indicators amplify the bearish views. The 21-day exponential sliding average (EMA) sits at $ 2.20 and acts as a resistance after XRP could not recover it in the last weeks. The relative strength index (RSI) is dipped in negative territory that hovers near 30, suggesting that the sales pressure outweighs the purchase of interest.
ADA price analysis
Cardanos Ada-token deals with 55 cents, down 12% over the last 24 hours, under the 50-day simple sliding average (SMA), a critical support that had supported the award since mid-March. This breach of the daily chart is consistent with a wider falling triangle pattern that suggests continued bearish control.
RSI for ADA is at 38 and teeming on the edge of oversold territory, while the moving average convergence division (MACD) shows a bearish crossover, with the signal line dipped under the MacD line.
The next support is nearly 35 cents, a level tested at the end of 2024, but a break below could pull ADA against $ 0.40, a 30% decrease from current levels.
Bulls would have to regain 60 cents and turn it in support to negate the bearish thesis, although macroeconomic headwinds – powered by customs threats and a 20% crypto market capital loss this year – make it a high order.
DOGE PRICE ANALYSIS
Memecoin Darling Doglecoin (DOGE) is tumbled to $ 0.16, down nearly 15% over the past 24 hours. It slices through support at 18 cents, a level that marked the base for a consolidation area since the beginning of March.
On the 4-hour chart, a death junction with SMA-junction 50-period has occurred during the SMA-200 period, signaling a potential trend turning to the disadvantage.
RSI for DOGE is deep in oversold territory at 28 years and suggests possible short-term relief, but the $ 20-day EMA of $ 0.21 clings like a stiff resistance. If bears maintain control, Dog could sink to $ 0.14 and adapt to its low level 2024.
