The crypto market has faced a major correction over the past 36 hours amid the new FED policy chaos. Dogecoin (DOGE) and Ripple (XRP) are among the hardest hits, losing over 25% and 15% of their value.
The cryptocurrency market turned deep red following the FOMC meeting on December 19, 2024. While the Federal Reserve cut interest rates by 25 basis points as expected, Fed Chair Jerome Powell’s warnings about no rate cuts in 2025 and restrictions on buying BTC shook investor confidence.
Analysts suggest Dogecoin and Ripple may drop further to key support levels, with DOGE struggling near $0.22 and XRP struggling near the $2.0 level. Despite the broader market slump, IntelMarkets remains bullish, grabbing investors from established market players.
Dogecoin Price Dumps 25% In 2 Days: Is DOGE Heading Toward $0.22?
Following the market-wide correction, DOGE slumped to $0.34 on December 18.
After a brief recovery to $0.365, the OG meme coin- Dogecoin- plunged further, hitting a 5-week low of $0.28 today.
In total, Dogecoin has shed over 25% of its value in just 36 hours. Crypto analysts believe DOGE’s correction may not be over yet. Jake Wujastyk shared with his 300,000+ followers that DOGE could flash crash below $0.25.
Rose Premium Signals, a popular crypto analysis account, predicted Dogecoin (DOGE) could dip to $0.22 before resuming its bull run. If DOGE rebounds from the $0.22 support, potential targets include $0.40894 and $0.65557, signaling a 165% increase,” Rose Premium Signals added.
While the correction may seem alarming, Dogecoin could soon enter a recovery phase if it holds key support levels. Investors are advised to monitor the market closely, especially the $0.22 zone, which could act as a critical turning point.
Ripple Bulls Show Signs Of Exhaustion: XRP Down By 11!
Ripple price faced rejection around the $2.66 level on Tuesday and the XRP declined 12.78% in the previous two days. At the time of writing on Friday, it bounces off the $2.21 daily support level and trades around $2.14.
As XRP closes below the $2.21 support level, it could extend the decline to retest its next support level at $1.96. The RSI on the daily chart reads 57 after rejecting the overbought level of 70 on Tuesday, suggesting signs of weakness in bullish momentum. If the RSI slips below the neutral level of 50, it could signal a sharp decline in Ripple price.
If XRP rises and closes above $2.66, it could extend the rally to retest the psychologically important level of $3.00. However, with the current market slump, this price level seems unlikely for Ripple.
IntelMarkets (INTL): A Better Alternative to XRP and DOGE?
IntelMarkets (INTL) entered the spotlight after hitting the $5 million fundraising goal. It has since outclassed most new ICOs, cementing its status as Q4’s best presale. As it approaches what many believe would be an explosive debut, experts name it a better alternative to Ripple (XRP) and Dogecoin (DOGE).
Boasting huge growth prospects, experts predict a 65x gain after listing on top exchanges, which is beside the 700% growth in presale so far. In the eighth stage of the ICO, a token costs only $0.073, presenting a low entry to what has been hailed as the future of trading. More importantly, the launch will be fair—no whale holding large token supplies to dump on investors.
Equally important, the project is now KYC verified by Codeum, highlighting its commitment to trust, security, and transparency. As it nears its launch, the AI-powered trading platform remains the most anticipated product. Its AI-based blockchain and self-learning trading bots are expected to transform the $347 billion crypto trading scene, beating the competition.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
