XRP
XRP, formerly ripple, remained in the red during today’s session, as the price fell to a multi-week low.
- XRP/USD slipped to an intraday low of $0.6589
- XRP hit its weakest point since July 13
- The sell-off came as the relative strength index (RSI) broke out of a floor at 49.00
- The RSI is currently tracking at 48.60
- Next visible point of support at 45.00
Dogecoin (DOGE)
Dogecoin (DOGE) extended its own stay in bearish territory on Thursday, as the meme coin fell by as much as 5% today.
- DOGE/USD dropped to an intraday low at $0.07305
- DOGE fell to its lowest level since July 24
- Price strength fell below a floor at 51.00
- The RSI is currently at a reading of 50.23
- DOGE trading at $0.07339
Hot Take
XRP and Dogecoin continue to face downward pressure as their prices hit multi-week lows. The sell-off is driven by the breakouts of the relative strength index, indicating bearish sentiment. The next visible support levels for XRP and Dogecoin are at $45.00 and $0.07000, respectively. It remains to be seen whether these cryptocurrencies can regain their previous highs in the near future.
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