Cryptocurrencies price are down today, March 21, after President Trump’s two-minute pre-recorded speech at the Digital Assets Summit failed to move the market. Bitcoin price has declined by 1.2% to trade at $84,197. XRP and Solana have also edged lower with 1% and 4% dips, respectively. Dogecoin also recorded a brief rally to $0.17 before reversing.
Following this decline, 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 the market recovery?
Dogecoin Price Poised to Lead Cryptocurrencies Recovery
Dogecoin could lead a recovery for cryptocurrencies, with top analysts predicting 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 forecast by 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 DOGE.
XRP Price Reverses Despite Bullish News
XRP price is unable to break resistance at $2.50 and trades at $2.41 today. 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 analyst Coinvo saying that as long as this support holds, Solana 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 forecast.
Summary of Cryptocurrencies Price Prediction
Cryptocurrencies price have dropped today. Crypto 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 crypto market to resume their uptrend.
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