XRP, BNB, DOGE Analysis — Is Latest Crypto Crash a Buying Opportunity?

The cryptocurrency market has witnessed a sharp downturn due to a crumbling memecoin market. XRP (XRP), BNB (BNB), and Dogecoin (DOGE) have suffered massive losses.

The question remains—are these declines warning signs of deeper losses, or do they present fresh buy-the-dip opportunities at key technical levels? Let’s examine.

XRP (XRP) Technical Analysis

XRP/USD Four-Hour Chart Price Analysis — Ascending Triangle Breakdown Underway

XRP has suffered a sharp decline following a breakdown from an ascending triangle pattern on its four-hour timeframe, signaling further downside risks.

The chart indicates that XRP had been consolidating within the triangle for weeks, with a series of higher lows converging toward a horizontal resistance level.

However, a decisive breakdown below the lower trendline has led to a rapid selloff.

The bearish confirmation was reinforced as XRP fell below both its 50-period (red) and 200-period (blue) exponential moving averages (EMAs). The Relative Strength Index (RSI) has also plunged into oversold territory, hovering around 22.69, reflecting extreme selling pressure.

Based on the measured move projection of the ascending triangle, XRP could potentially extend its drop toward $2.08, aligning with the pattern’s breakdown target.

With bearish momentum accelerating, traders will watch for potential support at the projected downside target. A recovery above the $2.50-$2.60 range could indicate a possible invalidation of further losses.

XRP/USD Weekly Chart Analysis — Potential Decline Toward $1.93

The weekly XRP/USD chart provides a broader perspective on the recent downturn, hinting at a possible retracement toward $1.93, which coincides with the 1.0 Fibonacci retracement level.

After a parabolic rally in recent weeks, XRP faced resistance near $2.95, aligning with the 1.618 Fibonacci extension.

The latest pullback follows a classic retracement scenario, as XRP struggles to maintain its momentum above the 0.786 Fib level ($1.58).

Historically, assets that undergo rapid price increases often correct toward key Fibonacci levels before resuming their trend. If the bearish sentiment persists, XRP could dip toward $1.93, where buyers may look to re-enter.

Meanwhile, the 50-week EMA (red) and 200-week EMA (blue) remain well below current prices, suggesting that XRP is still in an overall uptrend despite the short-term correction.

The RSI on the weekly chart has also cooled from overbought levels, which may indicate a deeper retracement before the next potential rally.

BNB (BNB) Technical Analysis

BNB/USD Four-Hour Price Chart Analysis — Descending Triangle Breakdown Begins

BNB (BNB) has plunged after breaking below a key descending triangle pattern on its four-hour chart, signaling a continuation of the ongoing bearish trend. The pattern, characterized by a series of lower highs and a flat support level, typically indicates a downward breakout when the price decisively closes below support.

Following the breakdown, BNB fell sharply, with the measured move target pointing toward $571.2 as the next major support level. The sell-off has been accompanied by an increase in trading volume, confirming the validity of the breakdown.

Meanwhile, the Relative Strength Index (RSI) has dropped to 28.49, indicating that BNB has entered oversold territory, which could lead to a temporary relief bounce.

A potential recovery above the $630-$640 resistance zone, where the breakdown occurred, could invalidate further downside risks.

BNB/USD Weekly Price Chart Analysis —  Rising Wedge Breakdown Toward $436 Next

The weekly BNB/USD chart presents a broader bearish outlook, confirming a breakdown from a rising wedge pattern, a typically bearish reversal setup.

After a strong uptrend, BNB failed to maintain higher highs, leading to a wedge breakdown that suggests a possible decline toward $436, aligning with the 0.5 Fibonacci retracement level.

The breakdown follows a rejection near $667.7, which coincides with the 1.0 Fibonacci extension level. The next key support appears around $568.6 (0.786 Fib level), followed by the crucial $436 Fib retracement level, where buyers may step in.

The RSI on the weekly timeframe has also weakened, hinting at further bearish momentum.

To regain strength, BNB must reclaim $640 and invalidate the wedge breakdown. Otherwise, the path of least resistance remains downward, with the 0.5 Fibonacci level at $436 acting as a critical downside target.

Dogecoin (DOGE) Technical Analysis

DOGE/USD Four-Hour Price Chart Analysis — Oversold Bounce Next

Dogecoin (DOGE) has fallen sharply, reaching oversold conditions on its four-hour timeframe chart, hinting at a potential relief bounce. The Relative Strength Index (RSI) has dropped to 21.76, signaling extreme bearish momentum that often precedes a short-term rebound.

DOGE is currently trading near the 0.0 Fibonacci retracement level at $0.21, which serves as immediate support. If recovery occurs, key resistance levels lie at the 0.236 Fib ($0.2283) and 0.382 Fib ($0.2396).

A stronger bounce could even push DOGE toward the 0.618 Fibonacci retracement ($0.2578), aligning with the 50-period EMA (red line).

However, failure to hold above the $0.21 support zone could trigger an extended decline, potentially revisiting lower price levels.

Bulls need to reclaim the $0.23-$0.25 range to regain momentum, while bears remain in control as long as DOGE stays below the 200-period EMA (blue line) at $0.2767.