Table of contents

• XRP Bank Currency King Returns
• Solana (SQL) returns strongly
• Dogecoin (DOGE) soars rapidly

After experiencing the previous sharp rise, the market finally came to a respite and the bulls made a comeback! XRP aims at 5 swords, SOL returns strongly, Dogecoin (DOGE) pulls 40%! ——The three major signals in the bull market are lit up at the same time?

XRP Bank Currency King Returns

XRP rose 20.9% per week to $3.52, a complete redemption arc for cryptocurrencies that have been in the quagmire of regulation since 2018. The token eventually broke through its previous all-time high of $3.40, entering a true price discovery mode for the first time in seven years.

The technical structure of XRP is fascinating. Its weekly chart looks a little unusual to a serious investment project: it has been flat for years, then suddenly a parabolic burst. But that's the essence of cryptocurrency.

On the weekly chart, the RSI is 71, which happens to be at the overbought threshold, but background factors are crucial. After years of sideways consolidation, such readings may mark the beginning, not the end of the trend. It's like a coil spring that finally looses its head—the initial burst may seem violent, but behind it is the energy backlog of years.

Compared to other metrics, the ADX reading 20 seems a bit weak, but for XRP, it actually makes sense. After so long, the trend intensity indicator will naturally fall back to the low level, and it will be difficult to overcome the normal situation for more than five years within a few months. The fact that ADX values climbed to 25 suggests that new trends are just beginning to establish.

XRP’s moving average configuration provides the strongest bullish signal. The 50-week EMA is well below current levels and the gap with the 200-week EMA continues to widen. Judging from the weekly chart, this widening of the gap usually precedes the trend that lasts for months, as it reflects the continued increase in long-term holders rather than short-term speculation.

Key Level:

• Instant support: USD 2.93 (previous resistance level turns to support)
• Strong support: $2.47
• Recent resistance: USD 3.68 (recent high)
• Strong resistance level: USD 4.4 - (Fibonacci expansion target - Theoretical natural target that may be formed during price trends)

Solana (SQL) returns strongly

Finally, Solana caught up. SOL hit one of the most compelling bullish moves in months, soaring above $180 after falling behind other key assets such as Ethereum and XRP. The breakthrough could put the asset back on track after long-term underperformance and herald the beginning of a full-scale bull market.

From a technical point of view, the structure of SOL has undergone significant changes. The typical upward triangle pattern (usually heralding a continuation of the uptrend) and strong volume support, accompanied by a breakout of the $180 area, is no accidental soar. In addition, SOL has now boldly broken through all major moving averages, including the 50-day, 100-day, and even the critical 200-day EMA.

These moving averages all start to tilt upward, which is a typical bullish signal. Months of consolidation and consolidation ended with this rise. Due to the huge pressure from EMA, SOL has not been able to recover its bullish momentum from April to the end of June. However, this breakthrough changed the direction of the situation.

Solana far outperforms the market, not just following the market. In a broader sense, this move aligns Solana with the bullish trajectory of the market as a whole. ETH and XRP have already hit local highs, while SOL is in a stagnant period.

It finally caught up with the latest trend and is in a strong momentum. Looking ahead, the $200 psychological barrier is the next important area to pay attention to. If SOL breaks through this level, it is possible to rush to $230-250.

Even though RSI is close to overbought zone, the momentum remains strong. If the market remains optimistic, Solana may be able to regain its position in the market and become a leader rather than a follower.

Dogecoin (DOGE) soars rapidly

Dogecoin soared 33.5% this week to $0.274, becoming the best-performing emoji coin among the top 100, second only to Floki. Dogecoin is undergoing a fundamental change, with Nasdaq-listed company Bit Origin announced a $500 million Dogecoin reserve strategy, of which the initial purchase of $40.5 million has been completed.

DOGE's technical indicators also show bullish momentum. The RSI of 61 indicates strong buying pressure but has not been overscaling – this is exactly what traders call the “best point” and the trend can last longer.

ADX of 16 means that the peak of the rise is actually a weak trend, but remember that Dogecoin was in a long-term downtrend at the time. Low ADX readings after a strong trend usually indicate a consolidation before the next round of gains. If you are a Dogecoin trader, it is best to pay attention to the indicator in the next few days for a more accurate reading.

It is particularly noteworthy that the squeezing momentum indicator shows the "on" state, indicating that the volatility has been compressed and is ready to expand. This may indicate that the bulls failed to keep up after hitting the price resistance level, but given that Dogecoin successfully broke through the double bottom (a usually bullish pattern where the price rebounded twice at the resistance level and the 200-cycle EMA formed a "W" shape), traditional views suggest that Dogecoin should encounter some resistance, but will maintain its trend for at least a few weeks.

Currently, the 50-day moving average (EMA) forms a direct support level near US$0.20, while the 200-day moving average (EMA) forms a support level near US$0.15. Dogecoin (DOGE) trading above these two major resistance levels, and the widening gap between the two confirms the bullish market structure.

Key Level:

• Instant support level: USD 0.21 (Psychological Level and Short-term EMA Area)
• Instant resistance level: USD 0.28-0.30 (2025 high)

This week is a good time to invest in XRP and Dogecoin for cryptocurrency traders. Of course, the same goes for any other currency, but both are particularly striking considering that Bitcoin has performed relatively flatly over the past seven days.

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