Cryptocurrency Market Review: Low Volatility May Precede a Stronger Breakout

The cryptocurrency market is currently experiencing a period of low volatility, which may precede a stronger breakout. This is evident in the price action of several major cryptocurrencies, including XRP, Shiba Inu (SHIB), and Dogecoin (DOGE).

XRP is trading below its 26 EMA, indicating that sellers are still in control. A significant movement above this level would be necessary for XRP to rebound.

Shiba Inu is also struggling to recover due to low volume and bearish trends. The asset has made several brief attempts at recovery, but each increase has been devoid of robust buyer participation.

Dogecoin's market is also challenging its recovery prospects. Despite sporadic short-term rallies, price action is still below several important moving averages, indicating that the overall trend is still bearish.