XRP, Dogecoin, Cardano Price Analysis: 25 July

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Bitcoin’s prices were up by almost 2.8% today, and Ethereum shot up by 2.5%. The rise in prices of the big cryptocurrencies has had a positive impact on other altcoins, however, the broader market still lacked the strength. XRP was trading sideways with a minor loss in the last 24 hours, Dogecoin continued to trade below $0.20 and finally, and ADA hinted at a price breakout soon.

XRP

XRP/USD, TradingView

Ripple’s XRP was down by 0.1% over the last 24 hours, it’s price stood at $0.60 at the time of writing. It was a mixed day so far for the asset, with an early morning high of $0.608 which then fell to the low of $0.601.

It depicted sideways trading movement and stayed away from trading near its crucial support level of $0.57. The alt’s gain added 4.4% to its valuation over the last week. This minor decrease in prices forced the market capitalization to dip by 5.56%. 

The Parabolic SAR’s dotted lines started to appear on top of the candlesticks signifying a downtrend in prices. XRP needs to steer clear of its $0.57 support level in order to be able to test its immediate resistance level of $0.61. 

The Average Directional Index pictured a presence of market weakness, the token would require support from the…

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