XRP has been stuck in a drawn-out consolidation phase, which many traders are blaming on yet another delay in the SEC case. From an Elliott Wave perspective, it’s still in the middle of a corrective phase, suggesting there’s potential for a more decisive move once the legal dust finally settles. Meanwhile, Dogecoin has grabbed headlines as its price grapples with bearish momentum, leaving market observers to wonder when—or if—it will regain its former strength.
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XRP Price Analysis Amid SEC Case Delays
Looking at the daily chart, XRP seems to have wrapped up an impulsive five-wave rally and is now going through a corrective phase. After peaking around $3.40, its price started tracing out a descending channel—often a sign of a possible reversal on the horizon.
On March 11, XRP bounced off the $1.95 support zone, rebounding by nearly 30%. However, this upward move hit a wall at the channel’s resistance near $2.45 on March 15. Since then, prices have drifted lower. Analysts say that this pullback could just be short-lived, and it could possibly be ready for a bigger breakout.
By applying Elliott Wave concepts, it looks like the corrective WXY formation is close to wrapping up, implying a potential pivot into a brand-new impulsive upswing. For now, XRP continues to consolidate within this structure, with $2.57 acting as a notable resistance that lines up with past highs. This has all the hallmarks of a critical accumulation phase, and a decisive breakout is still pending. It’s worth noting that many traders think the ongoing SEC versus XRP lawsuit has kept the price in check—without that legal overhang, the token might have rallied much more aggressively.
Dogecoin Price Analysis – showing a bearish outlook
Turning to Dogecoin, the technical indicators aren’t looking very optimistic. Its price has slipped under the 200-day moving average, and earlier in 2025, the Relative Strength Index (RSI) showed that DOGE was overbought, only to swing downward shortly after.
Prominent analysts, such as Ali Martinez, have highlighted that Dogecoin’s break below the $0.17 support could leave $0.16 as the next crucial level to watch. If that fails, DOGE might continue tumbling toward the $0.125 area.
At the moment, the chart suggests buyers are struggling against tough resistance. Dogecoin is testing lows not seen in more than four months, with some lifeline in March provided by the July 2024 peaks around $0.1441. To regain higher ground, DOGE would have to clear an important resistance zone at $0.20—roughly aligned with the lows from early February.
Meanwhile, on-chain data reveals active addresses ballooning to over 350,000, which could hint at either large-scale accumulation by bigger holders (so-called “whales”) or growing retail involvement. That said, real-world usage remains lukewarm, with only 2,025 businesses currently accepting DOGE. This gap between on-chain growth and actual real-world demand is a reminder that much of Dogecoin’s price momentum still leans more on speculation than fundamentals.
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