Cryptocurrency Market Corrects: XRP, DOGE, ETH, and XLM Attempt to Stabilize

The cryptocurrency market has seen a correction in prices after recent breakouts, but XRP, Dogecoin (DOGE), Ethereum (ETH), and Stellar (XLM) are attempting to stabilize around their support levels.

XRP is trying to preserve its breakout above $1.40, but sellers are still active at higher levels around $1.60-$1.65. The price must recover roughly $1.55 before another attack on this range becomes likely. If XRP falls below $1.35, it would return to its 200-day average and weaken the setup.

Dogecoin (DOGE) is defending its 200-day moving average after a sharp breakout and subsequent correction. DOGE hit about $0.105 before sellers drove it sharply lower. Buyers are reacting around $0.092, pushing the price back toward $0.096. The bullish structure would be maintained by holding $0.093-$0.095, with $0.10 serving as the initial resistance.

Ethereum (ETH) remains in a broader uptrend despite its correction from the recent $2,800 high. ETH is currently trading at $2,673, but the correction has not done much damage to the overall uptrend thus far. The significant structural shift took place when Ethereum surged from below $2,000 and firmly regained its 200-day moving average in August.

Stellar (XLM) maintains its long-term breakout structure while consolidating above the crucial $0.20 level. XLM's move through the 200-day moving average at $0.189 is the most significant technical development. The immediate resistance zone on the upside remains $0.215-$0.225, and a successful breakout would target about $0.235, which is the major June peak.