{"id":165771,"date":"2021-06-23T05:30:12","date_gmt":"2021-06-23T00:00:12","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=165771"},"modified":"2021-06-22T15:14:12","modified_gmt":"2021-06-22T09:44:12","slug":"xrp-cardano-dogecoin-price-analysis-22-june","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/xrp-cardano-dogecoin-price-analysis-22-june\/","title":{"rendered":"XRP, Cardano, Dogecoin Price Analysis: 22 June"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Following Bitcoin\u2019s freefall starting 21 June, the market&#8217;s alts fell significantly and made lower lows. The total market capitalization came down by 16% at press time and stood at $685 billion. Dogecoin, Cardano, and XRP, each lost 27%,14.87%, and 14.81% of their values, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> XRP was in the news recently for SEC Commissioner Hester Peirce\u2019s statement concerning the regulatory status of the coin. She said, &#8220;XRP doesn\u2019t necessarily have to be a security.&#8221;<\/span><\/p>\n<p><b>Dogecoin[DOGE]<\/b><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/DOGE2206.png\"><img decoding=\"async\" class=\"aligncenter wp-image-165772 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/DOGE2206.png\" alt=\"\" width=\"1783\" height=\"860\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/DOGE2206.png 1783w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/DOGE2206-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/DOGE2206-1024x494.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/DOGE2206-768x370.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/DOGE2206-1536x741.png 1536w\" sizes=\"(max-width: 1783px) 100vw, 1783px\" \/><\/a><span style=\"font-size: 14px;\">Source: <\/span><a style=\"font-size: 14px;\" href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\">DOGE\/USD<\/a><span style=\"font-size: 14px;\"> \u2013 TradingView<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dogecoin<\/span><span style=\"font-weight: 400;\"> fell through its $0.285 support as its price started moving south and created a new support level at $0.22. However, this too was breached later as its value fell even more. The <\/span><b>Relative Strength Index (RSI)<\/b><span style=\"font-weight: 400;\"> showed signs of recovery from the oversold zone. It had a reading of 22.4 at press time, with the same lingering in the oversold region since 21 June. That being said, a recent uptick in the same highlighted creeping in buying pressure for the asset.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the appearance of a green candlestick on DOGE\u2019s 4-hour chart highlighted slight signs of recovery from the 27% price fall. Further, the <\/span><b>Squeeze Momentum Indicator<\/b><span style=\"font-weight: 400;\"> pictured an active squeeze release (white dots). While the prevailing trend, according to the indicator, was bearish, the appearance of a squeeze release could mean that a trend reversal might take place.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moving forward it is necessary for DOGE to flip the $0.22-support level to make a recovery from its dip.\u00a0<\/span><\/p>\n<p><b>Cardano[ADA]<\/b><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/ADA2206.png\"><img decoding=\"async\" class=\"aligncenter wp-image-165773 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/ADA2206.png\" alt=\"\" width=\"1783\" height=\"859\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/ADA2206.png 1783w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/ADA2206-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/ADA2206-1024x493.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/ADA2206-768x370.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/ADA2206-1536x740.png 1536w\" sizes=\"(max-width: 1783px) 100vw, 1783px\" \/><\/a><a href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSD\/\"><span style=\"font-size: 14px;\">Source: ADA\/USD \u2013 TradingView<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">ADA was trading at $1.22, at press time, after breaching its key support at $1.38. The press time support for the alt was $1.23, a level which was tested as the fifth-ranked alt saw a 7-day price fall of 24.88% and a 24-hour price dip of 12.43%. Bearish momentum could be observed building on the <\/span><b>Awesome Oscillator<\/b><span style=\"font-weight: 400;\"> with the appearance of longer red bars.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Further, the <\/span><b>Bollinger Bands<\/b><span style=\"font-weight: 400;\"> for the asset highlighted increased volatility and pictured a more expanded price range as the asset made lower lows. The <\/span><b>Relative Strength Index (RSI)<\/b><span style=\"font-weight: 400;\"> for ADA showed signs of recovery from the oversold zone.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The RSI noted a reading of 27.2 at press time and its uptick highlighted a slight increase in buying pressure. However, selling pressure remained dominant as the indicator was in the oversold zone.\u00a0<\/span><\/p>\n<p><b>XRP<\/b><\/p>\n<figure id=\"attachment_165775\" aria-describedby=\"caption-attachment-165775\" style=\"width: 1783px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/XRP2206.png\"><img decoding=\"async\" class=\"wp-image-165775 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/XRP2206.png\" alt=\"\" width=\"1783\" height=\"812\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/XRP2206.png 1783w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/XRP2206-300x137.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/XRP2206-1024x466.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/XRP2206-768x350.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/06\/XRP2206-1536x700.png 1536w\" sizes=\"(max-width: 1783px) 100vw, 1783px\" \/><\/a><figcaption id=\"caption-attachment-165775\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\">XRP\/USD<\/a> \u2013 TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">XRP<\/span><span style=\"font-weight: 400;\">, like other major alts, faced the brunt of the fall as the asset\u2019s price fell to the April 2021 levels. At press time, XRP was being traded at $0.62 as its price made lower lows and was down by 81.38% from its ATH with a <\/span><a href=\"https:\/\/messari.io\/asset\/xrp\/metrics\"><span style=\"font-weight: 400;\">breakeven multiple<\/span><\/a><span style=\"font-weight: 400;\"> of 5.37.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A downtrend had been initiated, according to the <\/span><b>Parabolic SAR,<\/b><span style=\"font-weight: 400;\"> as white dots appeared above the candlesticks. Since the <\/span><b>Average Directional Index (ADX)<\/b><span style=\"font-weight: 400;\"> was at the 55-mark, the indicator remained highly directional at the time of writing. When the ADX begins its descent towards the neutral 25.0 line, we can expect the active downtrend to weaken.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Further, capital inflows for the asset saw a slight hike as the indicator noted a tiny uptick at press time, according to the <\/span><b>Chaikin Money Flow<\/b><span style=\"font-weight: 400;\">. The indicator kept below the zero-line keeping outflows dominant as it lingered in bearish territory. It is critical for XRP that the support be flipped back to $0.69 with the next key resistance at $0.82.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following Bitcoin\u2019s freefall starting 21 June, the market&#8217;s alts fell significantly and made lower lows. The total market capitalization came down by 16% at press time and stood at $685 billion. Dogecoin, Cardano, and XRP, each lost 27%,14.87%, and 14.81% of their values, respectively. XRP was in the news recently for SEC Commissioner Hester Peirce\u2019s<a href=\"https:\/\/ambcrypto.com\/xrp-cardano-dogecoin-price-analysis-22-june\/\">Continue reading <span class=\"sr-only\">&#8220;XRP, Cardano, Dogecoin Price Analysis: 22 June&#8221;<\/span><\/a><\/p>\n","protected":false},"author":42,"featured_media":165779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[],"class_list":["post-165771","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>XRP, Cardano, Dogecoin Price Analysis: 22 June - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Dogecoin fell through its $0.285 support as its price started moving south and created a new support level at $0.22. 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