XRP did not fall below $0.50, indicating that selling pressure has eased. Important resistance and support levels for Dogecoin and Toncoin prices play a major role in investors' decisions. Volatility in the cryptocurrency market brings great risks and opportunities.

XRP Price Above $0.50

Although XRP has been trading below the moving averages for several days, it has not yet dropped below $0.50. This shows that selling has slowed down and buyers are trying to increase the price. If XRP can break above the moving averages, there could be a rise towards the resistance level of $0.64. Of course, at this point, it should not be overlooked that sellers will mount a strong defense to maintain the $0.64 level as before.

However, if the price fails to break above the moving averages and turns back, this could indicate that bears continue to sell on the rise. Specifically, a drop below $0.50 could send the price down to the strong support level at $0.46. Holding this level is crucial to protect the market from downside risks.

Dogecoin and Toncoin: New Opportunities Emerging?

Dogecoin closed above $0.11, reinforcing the dominance of buyers. All eyes are now on whether the price can reach the resistance line of the symmetrical triangle pattern. If the price bounces back strongly from this resistance point, the DOGE/USDT parity rate is likely to remain within the triangle for longer. However, if the resistance level is broken, the price is likely to rise first to $0.14 and then to $0.18. Conversely, in the event of a downside breakout, the price could drop to $0.08.

On the Toncoin front, the price has continued to trade around the moving averages over the past two days. The RSI is also in a slight uptrend, which could indicate that the bearish momentum is weakening.

If the price breaks above the moving average, Toncoin can be expected to rise to $6. However, a close below $5 could send the price down to the $4.72 to $4.44 support zone.

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