Following broader market trends, XRP, VeChain and Dogecoin have seen significant losses over the past 24 hours. XRP reversed its weekly earnings after falling 202.2%. VeChain traded below its weekly low after falling more than 20%. Dogecoin eyed its monthly low of $ 0.209.
XRP
XRP / USD, TradingView
XRP traded at $ 1.08 after falling below the $ 1.19 support line. Over the past 24 hours, the altcoin has seen a 20.2% decline. At the current price level, it reversed its one-week gains. The immediate level of support was $ 0.93. Technical indicators pointed to a negative price development.
MACD red bars are shown in the histograms. Great oscillator showed red signal bars and a green signal bar towards the end as the last trading session was green at the time of going to press. Bollinger bands remained diverging, suggesting that prices could experience high volatility during the next trading session.
On the flip side, XRP could plunge above the $ 1.19 price cap, after which it could attempt to retest the $ 1.30. If the coin manages to trade above $ 1.30 for more than just a few sessions, XRP could hit its four-month high at $ 1.39 again.
VeChain (vocational training)
VET / USD, TradingView
VET managed to stay above its immediate support of $ 0.109 as it traded at $ 0.117. Over the past day, the coin has dropped over 20%. VET’s current prices were below their weekly lows.
If it continues to move down, the altcoin could drop to $ 0.098, marking its one-month low.
Relative Strength Index was below the center line although the coin made a revival to stay above the oversold zone. MACD flashes red bars in its histogram while Great oscillator Red signal bars to be observed in the correspondence.
A price rally could cause VET to plunge above its $ 0.124 resistance level. Additional price caps expected the altcoin at $ 0.139 and then at its multi-month high of $ 0.154.
Dogecoin (DOGE)
DOGE / USD, TradingView
Dogecoin fell 16.8% in the past 24 hours, trading at $ 0.248. It fell below its $ 0.270 support line and with one more downtrend it could hit its monthly low of $ 0.209. Key indicators reflected a downward trend in the market.
MACD observed red bars in his histograms after a bearish crossover. Relative Strength Index was below the half-line trying to revive and move over the oversold area. The indicator was at a multi-month low.
Chaikin money flow stayed below the midline suggesting a decline in capital inflows. If buying pressure resumes, the altcoin could break the $ 0.270 resistance level and then trade near the $ 0.307 price cap. Successfully plunged, which could hit its multi-month high of $ 0.343 again.
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