Cryptocurrency Breakout or Imminent Pullback: XRP, XLM, DOGE, NEAR Face Critical Resistance

Four cryptocurrencies - XRP, Stellar (XLM), Dogecoin (DOGE) and Near Protocol (NEAR) - are trying to sustain their recent recoveries in a tense market. Their momentum is waning, however, and resistance levels are closing in fast.

XRP is attempting to stay above its immediate support zone after a sharp retracement. Its RSI on the daily chart is hovering around the neutral 50 level, indicating persistent indecision between buyers and sellers.

The bullish scenario for XRP requires it to hold above current support and break decisively through the upper resistance level to reignite a credible rally. On the other hand, a bearish outcome would see XRP slide toward deeper support levels if buying volume fails to materialize quickly.

Dogecoin (DOGE) is struggling to convert its recent bounce into a sustained uptrend. The RSI is showing bearish divergence signals on shorter timeframes, suggesting the current rally lacks conviction.