- XRP (XRP) stabilizes near $1.50 after its breakout, with $1.35–$1.40 providing key support.
- Dogecoin (DOGE) is defending its 200-day moving average after its sharp breakout and subsequent correction.
- Ethereum (ETH) remains in a broader uptrend despite its correction from the recent $2,800 high.
- Stellar (XLM) maintains its long-term breakout structure while consolidating above the crucial $0.20 level.
XRP’s stabilization attempt
After yet another erratic surge that momentarily pushed the asset toward $1.65, XRP is trying to stabilize around $1.50. In comparison to the beginning of September, the overall technical structure has significantly improved, despite the subsequent rejection.
The breakout from the declining resistance line that connected the highs of XRP in late August and September is the most significant development. Around $1.40, the price broke through this trendline and quickly accelerated toward $1.55–$1.60. Additionally, there was a discernible increase in volume during the breakout, which lent the move greater legitimacy than a number of earlier recovery attempts.
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Right now, XRP is trading well above its main moving averages. While shorter averages have begun to rise below the price, the 200-day average is currently at about $1.36. As a result, a comparatively strong support cluster is formed between $1.35 and $1.40.
The rejection around $1.60–$1.65, however, indicates that sellers are still active at higher levels. Before another attack on $1.60–$1.65 becomes likely, XRP must recover roughly $1.55. The August wick, located around $1.70, is the next significant target above that. On the downside, $1.45 is the first level to watch.
The breakout structure would remain intact even in the event of a deeper correction toward $1.40. However, if XRP fell below $1.35, it would return to its 200-day average and significantly weaken the setup.
Dogecoin correction
Dogecoin experienced a similar breakout, rising from roughly $0.087 to over $0.10 before experiencing aggressive profit-taking. At $0.0955, DOGE is currently trading directly above one of the chart’s most significant technical levels. That level is approximately $0.093, which is the 200-day moving average.
Before briefly testing it in August, DOGE struggled below it all summer. The most recent rally ultimately resulted in a strong breakout and the biggest increase in trading volume since August. Transforming that breakout into support is the current challenge. DOGE hit about $0.105 before sellers drove it sharply lower.
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However, the most recent candle indicates that buyers are reacting around $0.092 and pushing the price back toward $0.096. The bullish structure would be maintained by holding $0.093–$0.095, with $0.10 serving as the initial resistance.
The recent $0.105 high would be exposed by a clean move through $0.10, followed by roughly $0.11. Another unsuccessful 200-day breakout is the risk. The next major support level is around $0.087–$0.088 if DOGE closes sharply below $0.092–$0.093. The moving-average cluster around $0.082–$0.085 becomes the main defensive zone below that.
Pressure on Ethereum rises
Despite the most recent decline from about $2,800, Ethereum is still in a strong technical position. After three straight red daily candles, ETH is currently trading at $2,673, but the correction has not done much damage to the overall uptrend thus far.
The significant structural shift took place when Ethereum surged from below $2,000 and firmly regained its 200-day moving average in August. ETH spent several weeks consolidating between about $2,400 and $2,550 rather than retracing immediately. Eventually, the most recent breakout toward $2,800 was built upon that range.
The price is comfortably above all of the chart’s major moving averages. While the intermediate averages are between $2,350 and $2,400, the shortest average is approaching $2,520. At $2,250, the 200-day moving average remains much lower. These are in line with the larger bullish structure. On the other hand, short-term momentum has clearly diminished.
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The RSI has declined after getting close to overbought territory, and ETH was unable to sustain the move above $2,750–$2,800. The $2,600–$2,650 range is the immediate support. Holding this range would preserve the most recent breakout and allow for a potential second attempt at $2,750–$2,800.
The rising short-term average between $2,500 and $2,520 would become the next significant support if the price broke below $2,600. Ethereum must close decisively above $2,800 in order to move higher. Such a move would break through the most recent local high and possibly pave the way toward the psychological $3,000 mark.
Will Stellar hold the pace?
Stellar has clearly broken above its long-term resistance structure, rising from about $0.18 to a recent peak of about $0.225 before declining toward $0.209. XLM’s move through the 200-day moving average at $0.189 is the most significant technical development.
During earlier recovery attempts, the price was frequently constrained by this level; however, the most recent advance broke through it with increasing trading volume. After that, XLM hit about $0.216 before making a wick toward $0.225. In an aggressive response, sellers briefly drove the asset back toward $0.20. Since then, buyers have partially recovered from that decline.
As long as XLM remains above the prior breakout region, the setup continues to be favorable. The first significant support is around $0.20, with $0.188–$0.190 around the 200-day average coming next. Additionally, the shorter moving averages are improving the underlying structure by turning upward below that level.
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The immediate resistance zone on the upside remains $0.215–$0.225. A successful breakout would target about $0.235, which is the major June peak. There is some momentum, but not much.
After the rejection, the RSI pulled back, giving XLM more room in case buyers return. Losing $0.20 would weaken the short-term setup, while a decline below $0.19 would jeopardize the larger breakout itself.
