Crypto Market Review: Dogecoin Stalls, XRP Falters, Bitcoin Gains Momentum

Dogecoin's price is barely above its recent local lows, currently trading at $0.069 on the daily chart. The asset continues to print a string of lower highs and lower lows, indicating that sellers are still in control.

The token's market momentum has plateaued, and every attempt at recovery since June has been sold into. This makes it impossible for Dogecoin to build a long-lasting bullish structure.

Every significant moving average is traded below by DOGE, including the 20-day, 50-day, 100-day, and 200-day averages. The longer-term averages are still sloping downward, suggesting that the main trend has not changed.

XRP's momentum isn't recovering as the asset continues to trade in an ever-narrower range above the psychologically significant $1 level. Sellers seem to be losing confidence, but buyers have not yet regained control.

Bitcoin is beginning to show signs of regaining bullish momentum after consolidating above its June lows. The market has been defending the $64,000 support area, and demand is starting to withstand selling pressure.