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Crypto Market ReviewMon, 3/02/2025 – 0:01Cover image via www.freepik.comDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.AdvertisementXRP closed below the 26 EMA, a crucial support level in robust uptrends, for the first time this year. This break indicates a possible change in momentum and a rise in bearish pressure. The asset is currently hovering around a zone where, should buyers not intervene, further declines could accelerate. XRP is currently trading at about $2.88, indicating weakness following a local high of over $3.40.Bulls appear to be losing control based on their inability to sustain momentum and the 26 EMA’s loss. If XRP doesn’t quickly recover, the next logical support is located between $2.75 and $2.70, which is where the last consolidation occurred. A decline below this range would highlight the much more robust $2.50 support zone. It is concerning to lose the 26 EMA for the first time this year.XRP/USDT Chart by TradingViewIn the past, price corrections get more severe before a full recovery can happen once this moving average is lost in strong trends. Before trying another rally, XRP may experience a more significant decline if selling pressure increases. XRP needs to swiftly retake the 26 EMA, which is currently acting as resistance, in order for a bullish case to hold water.A run toward $3.20-$3.30 is likely if buyers push the price back above $3.00 after regaining confidence. But if this level is not recovered in the coming days, it might be a sign of a trend change and XRP might go into a brief downward trend before leveling off. If $2.75 holds, there may be a slight correction. There could be a more significant retracement for XRP if it breaks.AdvertisementDogecoin’s momentum lostDogecoin has formally fallen below the crucial $0.30 support level, which previously restrained bearish momentum. In the absence of buyers intervening quickly, this breakdown could pave the way for additional declines as it indicates growing weakness. Due to its role as a technical and psychological support zone, the $0.30 loss is noteworthy.The 100 EMA, which has historically offered solid support, is directly below DOGE’s current price of $0.30. If this level does not recover right away, there may be a more significant correction. In the event that the decline persists, $0.28 is the next significant support level. A prior consolidation zone and the 200 EMA, a historically significant moving average for trend reversals, are both in line with this region.RelatedA