Crypto Majors are upset by a wave of volatility where XRP, Cardano (ADA) and Dogecoin (Doge) have fallen below major technical support levels early Monday.
Macroeconomic uncertainty stems from a global tariff war — known as the “economic nuclear war” by hedge fund manager Bill Ackman — has engaging the market from crypto into global stocks, with Bitcoin falling under $79,000 and major tokens down 14%.
XRP Price Analysis
XRP, which drives the XRP ledger, slipped to $1.90 at 14%. On the daily charts, XRP violated serious support for $2.00. This is at a level that previously held solidly as a psychological and technical bedrock. This breakdown completes the bearish head and shoulder pattern.
Technical indicators strengthen the bearish outlook. The 21-day Exponential Moving Average (EMA) is $2.20, serving as a resistance after XRP has failed to retrieve it in the past few weeks. The relative strength index (RSI) is immersed in the negative territory, hovering near 30, suggesting that sales pressure exceeds buy interest.
ADA Price Analysis
Cardano’s ADA tokens traded at 55 cents, down 12% in the last 24 hours, below the 50-day simple moving average (SMA), and is an important support that has been increasing prices since mid-March. This violation of the daily chart coincides with a wider, descending triangle pattern, suggesting continuous bear control.
The ADA’s RSI is located at 38 and wobbles at the edge of the sold territory, but the moving average convergence divergence (MACD) indicates a bearish crossover in which the signal line immerses under the MACD line.
The next support is near 35 cents, at levels tested in late 2024, but the rest below could drag the ADA to $0.40, down 30% from the current level.
The Bulls need to collect 60 cents and turn it over and deny the bearish paper, but the macroeconomic headwinds — which are spurring tariff threats and 20% of crypto market capitalization losses — make it a tall order.
Doge Price Analysis
Memecoin Darling Dogecoin (Doge) fell nearly 15% in the last 24 hours to $0.16. Since early March, we have sliced support at 18 cents, the level that marked the foundation of our integration range.
On the four-hour chart, the Cross of Death appeared, showing that 50-term SMA, below the 200-term SMA, reversed the potential trend.
Doge’s RSI is deep in territory that is not sold at 28, suggesting the possibility of short-term relief, but the 20-day EMA looms as a $0.21 resistance. If the bears are still in control, Doge could work with the December 2024 low to sink to $0.14.
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