- Bitcoin is showing renewed strength after breaking above $106K, while XRP is nearing a critical breakout point within five days.
- Meanwhile, Dogecoin teeters on collapse as it struggles to hold the $0.17 support amid declining volume and momentum.
Bitcoin Bulls Regain Control — But Is $110K the Next Stop?
Bitcoin (BTC) is flashing early signs of strength after breaking above the crucial $106,000 resistance level, igniting renewed optimism in the market. This breakout, backed by a successful bounce from the 26-day EMA around $104,500, signals that bulls are reasserting dominance following weeks of consolidation.
Currently trading near $105,900, Bitcoin price action shows tight accumulation, hinting that larger moves may be imminent. If buying volume increases, BTC could challenge the $110,000 resistance level — the upper boundary of a longer-term descending triangle. A breakout above this would likely trigger significant upside momentum, potentially drawing institutional interest back into the fold. On the flip side, support remains firm at $102,000, and staying above this level will be critical to preserving the bullish outlook.
XRP’s Make-or-Break Moment Is Just 5 Days Away
XRP is trading around $2.17 and approaching the apex of a symmetrical triangle pattern that has been building since early June. With just about five days left before the pattern resolves, volatility is expected to surge.
Despite the neutral RSI hovering above 45 and low trading volume, converging trendlines are tightly compressing the price. A breakout above $2.24 could spark a rally toward $2.40–$2.50, while a breakdown may drag the price to the $1.95–$1.80 region. Traders should keep a close eye on XRP, as a decisive move is likely to follow this tightening formation.
Dogecoin on the Brink — Will $0.17 Hold?
Dogecoin (DOGE) is dangerously close to a collapse as it clings to the $0.17 support level. Currently trading at $0.1704, DOGE has been stuck in a bearish trend since early June. With both the 50 EMA and 100 EMA acting as overhead resistance, and the 200 EMA still far above, the technical picture is grim.
Trading volume has been on a steady decline, signaling a loss of investor confidence. If DOGE fails to hold $0.17, the next support lies at $0.14 — but even that may not hold. A further drop could push the price below $0.10, a psychologically damaging level not seen in months.
Bitcoin may be on the cusp of a bullish breakout, XRP is set for a big move in five days, and Dogecoin is skating on thin ice. With volatility poised to return, the coming week could be pivotal for crypto markets.
