29th July 2025 – (New York) XRP and Dogecoin, two of the largest altcoins by market capitalisation, have witnessed significant losses over the past week, leaving traders questioning their next moves. XRP has dropped by over 12%, while Dogecoin fared worse with an 18% decline, making it the poorest performer among the top 10 cryptocurrencies.
Amid the broader cryptocurrency market’s consolidation phase, Bitcoin is trading near $118,000, down from its record high of $123,000 earlier this month, while Ethereum hovers around $3,800. Market-wide liquidations exceeded $539 million last week as overleveraged positions were wiped out. Despite these corrections, sentiment remains optimistic due to favourable geopolitical developments and advancements in global crypto regulation.
XRP is currently priced at $3.17, reflecting a 12% weekly loss. Technical indicators remain mixed. The Average Directional Index (ADX) sits at 21, below the critical 25 threshold that signals trend strength, suggesting a weakening bullish momentum. However, the Relative Strength Index (RSI) remains at 64, indicating that XRP is not yet in overbought territory. Exponential Moving Averages (EMAs) show the asset trading above its 50-week and 200-week averages, maintaining a bullish market structure. Key resistance levels are noted at $3.30 and $3.50, while support lies at $3.00 and $2.50.
Dogecoin, trading at $0.23283, has been hit hardest, with an 18% loss over the last seven days. The ADX for Dogecoin stands at 17, indicating a lack of clear trend momentum, while the RSI at 54 reflects neutral market conditions. EMAs for Dogecoin are converging without a decisive crossover, and the Squeeze Momentum Indicator signals price compression, suggesting a significant move may be on the horizon. Resistance levels are identified at $0.25 and $0.30, with support at $0.20 and $0.15.
Analysts are closely monitoring both altcoins, noting that XRP’s price remains supported by a double-bottom pattern, which typically signals bullish potential. Similarly, Dogecoin’s double-bottom formation suggests further losses may not yet signal a trend reversal. Traders are bracing for potential corrections while remaining optimistic about future gains.
