$XRP $ADA $DOGE
The drop in the prices of ADA (Cardano), XRP (Ripple) and DOGE (Dogecoin) today, November 25, 2024, reflects a corrective movement after recent significant increases in the cryptocurrency market.
1. Cardano (ADA): The price faces resistance near $1 and has been oscillating around $0.90 to $1, with selling pressure from investors looking to take profits after the gains of the last few weeks. An important support is at $0.80.
2. Ripple (XRP): After a recent appreciation that took the price close to $1.50, the asset underwent a correction, signaling overbought and possible profit taking in the short term. Volatility remains high.
3. Dogecoin (DOGE): Despite being close to $0.40, DOGE faces resistance at higher levels and a lack of momentum from buyers, resulting in more moderate movements. A drop could take the asset to support levels close to $0.33.
In addition, macroeconomic factors and high overall market volatility, combined with profit-taking, may be contributing to these momentary corrections. Continuing to monitor news and trends is crucial to identify possible reversals or new support in the short term.
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