DOGE Pumps While XRP, SOL Drop

The cryptocurrency market is down today, March 21, with Bitcoin price declining by 1.2% to trade at $84,197. XRP and Solana have also dropped with a decline of 1% and 4%, respectively. However, Dogecoin is flashing some bullish signs after recording a brief rally to $0.17 before reversing, causing a bullish price prediction from analysts.

Following this dip, the total cryptocurrencies market capitalization has dropped to $2.86 trillion. Data from Tradingview shows that TOTAL is ending its rebound and could lose support at the lower parallel channel. 

As the market sentiment flips bearish and fear grips the market again, can XRP, SOL, and DOGE lead cryptocurrency price recovery? 

Dogecoin Price Poised to Lead Cryptocurrencies Recovery 

Dogecoin could lead a recovery across the cryptocurrency market, with top analysts giving a prediction that the price is on the verge of a major breakout. Popular analyst Carl Moon identifies a falling wedge pattern on DOGE’s one-day price chart. A move above the upper trendline will trigger a 171% rally towards $0.43. 

Another analyst Ali Charts has also shared a bullish Dogecoin price prediction in the near term. He stated, 

“Dogecoin will break out! A close outside $0.16-$0.18 could trigger a 16% price move.” 

The bullish price analysis by crypto analysts comes as Santiment data shows that whales are buying the dip. In the last three days, large DOGE addresses holding between 100M and 1B DOGE have purchased 80M coins. 

XRP Price Reverses Despite Bullish News 

XRP price is unable to break resistance at $2.50 and trades at $2.41 today as the cryptocurrency market retreats. Various news like Bitnomial’s launch of the first XRP futures have failed to attract demand from buyers. Buyers are likely to remain on the sidelines until the SEC issues a statement confirming the appeal dismissal. 

The XRP four-hour price chart shows mixed signals. The RSI is at 51, and tipping south, indicating the lack of strong buying pressure. Meanwhile, a bull flag pattern has emerged on the 4-hour price chart. This bullish pattern supports a bullish Ripple price forecast with a possible 16% rise that will push the cryptocurrencies price to $2.87. 

Solana Holds Critical Support Amid Price Dip 

Solana price today trades at $128 after a 4.5% drop in 24 hours. Despite this drop, SOL is holding a critical support zone between $120 and $130, with market analysis by crypto trader Coinvo saying that as long as this support holds, SOL price can rally to new highs. 

One of the catalysts that could break out Solana from this zone is the recent launch of a DEX by PumpFun. The meme coin launchpad has launched its own DEX, which could stir high trading volumes, driving a bullish Solana price prediction. 

Summary of Cryptocurrencies Price Prediction 

Cryptocurrencies price have dropped today. Traders refrained from buying despite President Trump making a speech at the Digital Assets Summit. While Dogecoin price shows a bullish outlook, XRP and Solana are relying on a return of buying pressure in the cryptocurrency market to resume their uptrend.

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.