Ethereum (ETH): Road Below $1,000, Dogecoin (DOGE) 20% Declining, XRP’s Return Above $2 Is Not Impossible: What Comes Next?
U.Today-XRP dropped below the crucial $2 mark, which is troubling for the altcoin given the current market-wide correction. As of this writing, XRP is trading at roughly $1.79, down 6% from the previous day. The damage to XRP’s technical structure is particularly worrisome, even though the cryptocurrency market as a whole declined at the same time.
XRP has fallen below the 200-day EMA, a crucial long-term support that was once a launching pad for bullish momentum, according to a quick look at the chart. Now that this level has been broken, a deeper drop toward the $1.50–$1.60 support area could occur, especially if selling pressure persists. We still have total control over momentum. However, XRP still has hope.
One of the most hopeful counterpoints to the bearish chart structure is the strong on-chain data, particularly the consistent and noticeable increase in XRP’s payment volume. Data shows that on April 7, XRP’s payment volume surpassed $694 million, indicating a notable surge in on-chain activity despite the market downturn.
This increase clearly demonstrates that XRP’s utility and adoption are still robust. If XRP can recover the $2 psychological resistance, it might be able to revive positive momentum in the near term and invalidate the current fall. A comeback toward the resistance level between $2.30 and $2.50 would be possible as a result of such a move, which would also place the asset back above the trendline it just lost.
Ethereum (ETH) reaches unprecedented lows
Ethereum (ETH) is in severe jeopardy as a result of the market-wide slump that has driven its price to new lows that have lasted for several months. Below the critical $1,500 threshold, ETH has dropped to its lowest level in over two years. The asset has lost more than 20% of its value in a single day, and the technical picture seems to be deteriorating. It is currently trading at around $1,490. The sharp drop has caused extreme concern in the market.
Leading skeptics, such economist Peter Schiff, have added gasoline to the fire by stating that they do not believe it will be long until it falls below $1,000 in the near future.
Schiff’s gloomy prediction is accurate on the Ethereum price chart, where the break from a falling channel raises the possibility of a further decline. The RSI’s decline into oversold area reflects the intense selling pressure.
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More concerning is the increase in trade volume that accompanied this drop, which is a known sign of strong bearish sentiment. Without a strong trigger, a speedy recovery seems unlikely since ETH is now trading significantly below all of its main moving averages, including the 200-day EMA.
The psychological $1,000 mark becomes evident if it does not hold, but the next significant support is in the $1,200–1,300 range. In addition to being a technical disaster, a drop below this level would be a major emotional blow to Ethereum bulls.
However, in the short run, technical and macroeconomic factors are in total control. The general risk-off mentality brought on by international conflicts has resulted in a significant negative impact on U.S. cryptocurrency assets due to tariff measures. Unless Ethereum can swiftly recover and stabilize around the $1,600–$1,700 range, the path to below $1,000 is no longer unthinkable; if not, Schiff’s and other gloomy forecasts may soon come to pass.
Dogecoin plunges
Dogecoin, which has dropped more than 20% in recent sessions and below the critical support level at $0.14, has been badly impacted by the most recent slump in the cryptocurrency market. Given that the general market sentiment is still risk-off, DOGE, which is presently trading at around $0.13, has broken through multiple local floors and now faces an unclear future. The recent correction is part of a larger market-wide sell-off that has been ignited by new economic concerns, particularly the imposition of U.S. tariffs.
This shift to safer assets has resulted in large withdrawals from cryptocurrencies, notably DOGE. Dogecoin’s future seems dubious from a technical standpoint. It is evident that the price action has broken below the 50-, 100-, and 200-day moving averages.
Even short-term momentum indicators like the RSI have entered the oversold zone, which is currently below 33, signaling strong negative pressure. The volume increases that accompany the decrease further show that this is not just a short-term correction but rather a broader trend of derisking by institutional and retail players. A critical support level to watch moving ahead is $0.12, a region that DOGE previously consolidated around in mid-2023.
If this level breaks, there might be more drops toward $0.10 or even $0.08. However, if bulls can maintain the line and quickly retake $0.14, especially if the macro environment calms, there may be a potential relief rally toward the $0.16–$0.17 level. Until DOGE finds a stable floor or market sentiment improves, volatility is likely to remain strong, and a sustained recovery may take some time.
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