A little direction, a brief talk about XRP, TON, DOGEđ„with chartđ
Ripple price analysis
XRP (XRP) has been trading between $0.46 and $0.57 in the past few days, indicating a balance between supply and demand.
On May 7, the price fell below the 20-day moving average ($0.52), indicating that the bears are trying to take control of the situation. Sellers will try to pull the price to the key support level of $0.46, and buyers are expected to step in and defend this level with all their might. A strong rebound from $0.46 may extend the stay in this range.
Bulls must push the price up and sustain it above $0.57 to indicate that the correction may be coming to an end.
Toncoin price analysis
Toncoin (TON) rebounded from the moving average on May 8 and cleared the 61.8% Fibonacci retracement barrier of $6.49 on May 10, indicating that the correction may be over.
The 20-day EMA ($5.81) has started to gradually turn up and the RSI has risen into the positive territory, which suggests that bulls have the upper hand. The TONUSDT pair will attempt a rally to $7.67.
On the contrary, if the price turns down sharply from the current levels or from the overhead resistance at $7.67, it will suggest that bears remain active at higher levels. This could result in the formation of a range between $4.72 and $7.67.
Dogecoin Price Analysis
The bulls are attempting to stop Dogecoin (DOGE) from retesting the neckline of the large head and shoulders pattern.
Buyers must push the price above the 20-day EMA ($0.15) to clear the way for a rally to the 50-day SMA ($0.17).
This is an important level for the bears to defend as a breakout above it could start a rally to $0.21.
On the contrary, if the price turns down from the current levels or from the 50-day SMA, it will suggest that the DOGEUSDT pair might spend more time inside the range. If the price falls below $0.12, the trend may turn bearish.
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