Liquidity remains quite thin in the cryptocurrency market. The absence of a premium from the U.S. suggests a lack of institutional inflows, which clearly impacts the largest assets like Ethereum and XRP. However, this lack of movement also translates into the performance of smaller caps such as Dogecoin.
### Ethereum Loses Momentum
One thing is clear from Ethereum’s recent price action: the asset has lost the momentum battle it was fervently trying to win. ETH is currently trading around $3,230, down approximately 2.3% on the day and well below crucial resistance levels that had previously offered hope for a recovery after several unsuccessful attempts to regain higher ground.
Earlier this month, Ethereum briefly tested the $3,600 to $3,800 range but failed to maintain upward pressure. Instead, it rolled over amid heavy selling volume. The 200-day EMA (black line) at about $3,600, which previously supported recovery attempts, has now turned into a resistance level.
The daily chart shows a declining structure marked by a series of lower highs and waning buying interest, confirming an overall bearish shift in sentiment. Volume spikes on red candles further raise concerns, indicating sellers remain in control.
With no significant accumulation signals in the market, the Relative Strength Index (RSI) hovering around 31 suggests ETH is nearing oversold territory. Though a brief respite may occur, reversing the current downtrend seems unlikely without an improvement in general market conditions.
From a technical standpoint, $3,000 is the next key support level, followed by a psychological barrier at $2,800. Failure to hold these levels increases the likelihood of a drop to $2,500, which would wipe out most of the midyear rally gains.
In summary, Ethereum’s price action has clearly shifted away from the bulls. While the asset may be oversold, “cheap” does not always mean ready for recovery. Without fresh demand, ETH remains vulnerable to further downside—a sobering reminder that momentum, once lost, is difficult to regain.
### XRP is Back, but Not Really
XRP’s price movement over the past week feels like a trip back in time. The token is currently trading around $2.18, a level last seen in December 2024 or early 2025, effectively erasing months of progress. XRP has returned to the price range that served as the foundation for its previous bull run.
There is important context behind this decline. A rising wedge formation—a bearish continuation pattern signaling more downside ahead—has clearly broken down on the chart. Recent recovery attempts have been capped by the 200-day EMA, which once provided strong support but now acts as firm resistance between $2.50 and $2.60.
Meanwhile, the 20-day, 50-day, and 100-day moving averages are all sloping downward, reflecting persistent selling pressure. This bearish tone is reinforced by spikes in volume on red candles, suggesting major market participants continue to offload their positions.
Although the RSI at 36 indicates XRP is nearing oversold territory, this does not guarantee an impending rebound. Momentum remains weak, and no distinct demand zone has formed below current levels.
Previously, this area marked the starting point for XRP’s significant rally in late 2024. However, present conditions differ: investor confidence has waned, market liquidity has diminished, and Ripple’s network metrics—especially transaction volume and active payments—have cooled.
If the bearish pattern persists, XRP may retest support levels at $2.00 or even $1.80 in the weeks ahead. Given how oversold the token is becoming, a bounce is possible, but overall sentiment mirrors late 2024’s stagnation, suggesting XRP may need to revisit its past before mounting a significant comeback.
### Is Dogecoin Stuck?
For investors, Dogecoin’s recent performance paints a cautiously optimistic picture amid broader market weakness. After a severe correction that pulled it down from the $0.22 zone in late October, DOGE is now trading near $0.161.
The price is currently consolidating close to short-term support levels as the market searches for stability. All major moving averages—the 50-day, 100-day, and 200-day EMAs—are trending lower on the daily chart, signaling that Dogecoin remains in a downtrend.
To break out of this slump, bulls will need to generate significant momentum to overcome resistance in the $0.18 to $0.20 range, where these EMAs create a ceiling.
That said, DOGE is approaching oversold conditions, often a precursor to short-term rebounds, with the RSI hovering around 38. The recent sell-off may have absorbed much of the immediate selling pressure from a structural perspective.
Evidence of some accumulation is suggested by increased trading volume around $0.16, possibly from traders anticipating a relief rally. If buying strength picks up, the psychological $0.20 level could be the next upside target.
However, it is important to remember that Dogecoin’s recovery potential largely depends on the overall market mood and liquidity flows into major assets like Bitcoin and Ethereum.
—
In conclusion, liquidity constraints and lack of institutional demand continue to weigh down the cryptocurrency market. Ethereum and XRP face significant resistance and bearish structures, while Dogecoin’s outlook remains cautious but with some signs of potential stabilization. Market participants will be closely watching for shifts in momentum and broader market conditions to gauge the next moves in these digital assets.
https://bitcoinethereumnews.com/ethereum/crypto-market-prediction-ethereum-eth-lost-the-price-battle-xrp-time-traveled-to-2024-is-dogecoin-doge-aiming-at-0-20-recovery/