The cryptocurrency market has recorded impressive growth in recent weeks, with Bitcoin nearing all-time highs and altcoins such as Dogecoin, Ethereum, and XRP also rising sharply in response. However, as of today, July 23, 2025, all three are showing initial signs of cooling down. If Bitcoin remains below the $120,000 mark, these coins may see short-term corrections. Let's analyze the charts and key signals for each coin.
1. Dogecoin (DOGE): Dull Breakout at Resistance $0.28
Dogecoin has surged from below $0.18 to nearly $0.28 in less than two weeks. However, the 4H chart currently shows that the upward momentum has waned:
Current Price: $0.254
Rejected Resistance: DOGE failed to close above $0.28274
Support Levels: $0.216 and $0.1865
RSI (4H): Decreased from 61.67 to 48.16, signaling weakening momentum
MA Cross: Price is currently below both EMA 9 and EMA 21, indicating potential bearish crossovers
Outlook: If Bitcoin remains weak, DOGE could test the $0.24 zone, with deeper support near $0.216. Caution is needed when entering the new market unless DOGE regains the $0.26-$0.27 zone with high trading volume.
2. Ethereum: Struggling to Stay Above $3,700
Ethereum surged from $2,700 to $3,731 but is now sliding below the short-term moving average:
Current Price: $3,649
Recent High: $3,731.6
Support Area: $3,200 is the next important horizontal level
RSI (4H): Decreased from 62.59 to 48.96, indicating bearish divergence
MA Cross: Price has slipped below the EMA 9 line at $3,701.1 and the EMA 21 line at $3,720.6
Outlook: ETH could return to the $3,200 level if BTC does not regain upward momentum. A bounce from that zone would present a good buying opportunity, but currently, ETH seems to be overextended.
3. XRP: Losing Momentum After Peak of $3.61
XRP surged in mid-July, from $2.20 to over $3.61. However, this rally is showing signs of slowing down with initial reversal signals:
Current Price: $3,435
Resistance Area: $3.61 still unbroken
Support Area: $3.00 and $2.80
RSI (4H): Decreased from 58.5 to 47.99, now near neutral
MA Cross: XRP is below both EMA 9 and EMA 21
Outlook: A drop below $3.40 could trigger a deeper pullback to the $3.00 mark. XRP buyers need Bitcoin above $120,000 to maintain upward pressure.
Final Thoughts
Although all three cryptocurrencies - $DOGE , $ETH and $XRP - have seen strong price increases recently, the upward momentum is slowing broadly. The charts are giving initial bearish signals, and with Bitcoin consolidating below $120,000, a wider correction may be forming.
Traders should closely monitor BTC this week. A price break below key levels could present buying opportunities for these altcoins as prices drop at support zones.
