1. XRP:
• Strong growth: XRP has reached $2.76, approaching the psychological resistance level of $3. This level was a significant barrier in the past.
• Reversal signal: The appearance of a reversal candle and an RSI above 88 indicate that the market may be overbought, creating a risk of a short-term correction.
• Scenario:
• If it breaks above $3 with high volume, XRP could aim for $3.50.
• In the case of a bearish scenario, the main support is $2.40, or even $2 if selling pressure is stronger.
2. Ethereum (ETH):
• Strong upside potential: The current price is $3,610, with indicators like the golden cross (50-day EMA crossing the 200-day EMA) and maintaining above the 21-day EMA. These signals suggest that the uptrend remains dominant.
• Difficulty: The resistance level near $3,700 needs to be broken before approaching $4,000. The RSI is at 65, nearing the overbought zone, which could lead to a correction.
• Scenario:
• If it breaks above $3,700, ETH could move towards $4,000 with support from trading volume and optimistic sentiment.
• If a correction occurs, key support levels are $3,300 and $3,000.
3. Dogecoin (DOGE):
• Bullish flag pattern: DOGE is consolidating in a narrow channel after a strong rally in November. The current price is $0.418, with important support at the 21-day EMA ($0.38).
• Breakout potential: If it surpasses the upper trend line at $0.44, DOGE could target $0.50 and further $0.60.
• Risk: If the 21-day EMA is not maintained, the price could drop to $0.36, and even test the 50-day EMA at $0.30. The RSI is currently at 71, in the overbought zone, indicating a potential short-term pullback.
Overview:
Both XRP, ETH, and DOGE are showing strong uptrends, but each coin faces significant resistance levels and correction risks. Investors should pay attention to trading volume, technical signals, and market sentiment to make decisions.