XRP and DOGE Reach Critical Market Thresholds

Cryptocurrency analytics firm Alphractal has released an on-chain analysis of XRP and Dogecoin (DOGE), revealing key insights into their current market positions. The assessment shows that XRP is facing a critical technical level, while DOGE has reached a significant milestone in its historical performance.

According to Alphractal's findings, XRP struggles to stay above its 'Realized Price' threshold. This metric represents the average price at which the circulating supply of an asset has moved on the chain, indicating the average price at which investors have bought the asset. If an asset's price fails to recover and sustain itself above this level, it can indicate structural weakness within the current market cycle.

On the other hand, DOGE has surpassed 1,100 days for the first time in the 'Days in Profit' indicator. This metric measures the number of past days that the price traded above its current level and reflects the collective memory of the market. A rising trend in this indicator suggests that a significant portion of investors have historically taken positions at higher levels.