XRP signals bullish RSI divergence while Dogecoin and Bitcoin struggle with low trading volume

In recent days, the cryptocurrency market has seen a wave of rebound buying, creating distinct technical patterns among three major assets. While attempts at recovery in Dogecoin and Bitcoin have so far been limited, XRP’s daily chart has shown a noteworthy RSI divergence—a potential early sign of a reversal. Despite these movements, trading volumes across all three cryptocurrencies remain insufficient to confirm a strong market rebound.

Dogecoin’s recovery lacks strong volume

Dogecoin has managed to bounce from its local low around $0.07, clawing back some recent losses. However, the technical outlook suggests this is more of a brief relief rally than the beginning of a lasting trend reversal. Low trading activity remains the weakest link in Dogecoin’s latest upward attempt.

Despite modest gains in recent sessions, purchasing interest in Dogecoin lags behind levels seen during past recoveries. Historically, significant Dogecoin rallies have coincided with clear spikes in trading volume. The current situation indicates that buyers have yet to return to the market in force.

DOGE continues to trade below all major moving averages, maintaining a bearish technical structure. Even if a short-term bounce materializes, strong selling pressure is expected between $0.08 and $0.09. Since the May peak, Dogecoin’s price action has consistently set lower highs and lower lows, a classic hallmark of a downtrend.

XRP’s bullish RSI divergence stands out

XRP has delivered one of the most notable technical signals in recent weeks. Even as its price touched a new local low near $1.05, the RSI indicator did not confirm the drop. This setup, known in the market as a bullish divergence, is often interpreted as an early hint of a potential reversal.

Glossary: RSI, or Relative Strength Index, is a momentum indicator. When price makes a new low but RSI does not, this divergence can signal weakening selling pressure.

This pattern suggests that while sellers can still push XRP to short-term lows, the downside momentum appears to be fading. Nonetheless, the broader trend has yet to turn positive. XRP continues to trade beneath all major moving averages, with the 50-day exponential moving average now acting as the nearest dynamic resistance.

Should XRP reclaim ground above the 50-day average, the $1.20 to $1.30 range may come back into play. This area aligns with the 100-day moving average and former support-turned-resistance levels. For now, however, normal trading volumes indicate that the latest recovery has yet to attract broad-based buying.

Bitcoin’s cautious recovery keeps sentiment in check

Bitcoin has rebounded from its recent low near $59,000, but current price action fails to confirm a strong trend reversal. The end of June’s sharp sell-off offered the market a brief respite, but the wider technical picture still calls for caution rather than optimism.

The break of the trendline that had supported April and May’s climb triggered a sharp wave of liquidations, erasing much of the preceding gains. While rapid drops can sometimes lead to short-lived rebounds, most analysts do not see the latest move as evidence of a lasting turnaround. Notably, the strongest trading volumes of recent weeks have taken place during sell-offs, indicating distribution rather than accumulation.

For Bitcoin to signal a more reliable comeback, it must first reclaim the 50-day exponential moving average around $63,000, followed by the 100-day average near $66,000. Until these levels are recovered, the current upswing will be viewed as a technical relief rally within a broader downtrend.

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