Cryptocurrencies Dogecoin and XRP are experiencing heavy losses: where does the decline end?
In the rapidly evolving world of cryptocurrencies, two popular coins, Dogecoin (DOGE) and XRP, have been making headlines for their recent price movements. Here's a breakdown of the current outlook for both coins.
Dogecoin (DOGE)
The current outlook for Dogecoin (DOGE) in the crypto market is moderately bullish, with predictions pointing to a potential price increase of around 16-27% in the near term. Key technical forecasts place Dogecoin targeting a price range of approximately $0.25 to $0.28 by late August to September 2025, with a consensus short-term target near $0.26.
The critical support level for Dogecoin is around $0.21, while the immediate resistance level to break for bullish continuation is near $0.25. The RSI for Dogecoin is in bearish territory, with a reading of 41, indicating sellers are dominating buyers.
Dogecoin's momentum is largely driven by technical patterns and social sentiment, with price swings reflecting volatility and trading activity rather than fundamentals. Notably, the coin opened at $0.225 and has collapsed to close at $0.212, marking a 4.42% daily decline.
XRP
For XRP, the market is showing resilience with strong institutional interest and macroeconomic factors supporting its price near $3.50 as of late July 2025. Key support for XRP stands close to $3.00, while resistance is observed around $3.60, with a possible breakout opening the way towards $3.65–$3.82.
XRP’s price is at a crucial technical juncture, with daily chart support near $2.99 confirmed recently; a close below this could risk correction towards $2.72. Institutional speculative activity is strong, indicated by a 143% year-over-year surge in open interest nearing $10 billion.
However, XRP has lost the $3.00 support level, which is significant due to round numbers often acting as magnets for stop-losses and margin calls for traders. The ADX for XRP is at 23, indicating a struggle to maintain momentum in the bullish trend.
Comparative Analysis
Trading volume has dried up, falling nearly 7% today to $180 billion. Bitcoin is down today, marking a nearly three-week low. The Average Direction Index (ADX) for Dogecoin is at 17, indicating momentum is dying, while for XRP, it stands at 23, suggesting a struggle to maintain momentum in the bullish trend.
Key Levels and Outlook
| Coin | Current Price Approx. | Support Level | Resistance Level | Near-term Outlook | |----------|----------------------|---------------|------------------|--------------------------------------| | Dogecoin | $0.22 - $0.23 | $0.21 | $0.25 - $0.28 | Moderately bullish; 16-27% potential | | XRP | $3.50 | $3.00 - $2.99 | $3.60 - $3.82 | Stable with potential breakout |
Investors should consider that both coins remain subject to high market volatility, and key levels — $0.21 and $0.25 for DOGE, $3.00 and $3.60 for XRP — will be critical to watch for potential trend confirmations or reversals.
[1] CryptoSlate (2022). Dogecoin (DOGE) Price Prediction 2025: Will DOGE reach $1? [Updated June 2022]. [online] Available at: https://cryptoslate.com/dogecoin-doge-price-prediction-2025-will-doge-reach-1-updated-june-2022/
[2] Coinpedia (2022). XRP Price Prediction 2025: Will XRP reach $10? [Updated June 2022]. [online] Available at: https://coinpedia.org/price-prediction/xrp-price-prediction-2025/
[3] CoinMarketCap (2022). Dogecoin (DOGE) Price Prediction 2025. [online] Available at: https://coinmarketcap.com/currencies/dogecoin/forecast/
[4] Coinpedia (2022). XRP Price Prediction 2025: Will XRP reach $10? [Updated June 2022]. [online] Available at: https://coinpedia.org/price-prediction/xrp-price-prediction-2025/
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