Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) are down at support, and even lower. Is there a rally in the offing, or can these cryptos sink further?

Cliffedge drop to $1.57 if $XRP doesn’t bounce

Source: TradingView

$XRP has the third-biggest market cap after $BTC and $ETH (if you discount $USDT). The price went up hugely in the space of only eleven weeks, from a price of $0.50 to $3.40. However, following the downward trend of Bitcoin and the rest of the altcoin market, the $XRP price has been down to test the horizontal support at $1.96. With the price coming back to this level once again, it’s either going to hold and bounce, or fall through.

The Stochastic RSI still has further space to fall for the indicators, so $1.96 may not hold. If it doesn’t, there is a cliffedge drop …