Crypto Market Dips as Bitcoin Falls Below Key Support What’s Next for XRP, DOGE, and TRON?

The cryptocurrency market faced a sharp correction today, with Bitcoin slipping below a key support level as traders reacted to profit-taking and lingering macroeconomic uncertainty.

As of the afternoon session on Thursday, May 15 (Asia time), the global crypto market cap fell by 4.8%, settling at $3.39 trillion. Bitcoin led the decline, sliding 1.6% to approximately $101,846, breaking below the crucial $103,100 support zone.

Market analysts are now closely watching the $101,600 level, which is the next vital threshold to maintain Bitcoin’s bullish structure in the short term.

Inflation Softens, But Fed Policy Still in Focus

This downturn coincides with the release of fresh U.S. Consumer Price Index (CPI) data. April's CPI showed a 2.3% year-over-year rise, marking the slowest inflation rate since 2021 and a slight dip from March’s 2.4% reading.

While easing inflation can be a positive economic signal, it also reflects weakened consumer demand, raising fears of a potential recession. Although former President Trump's new tariffs have yet to fully impact consumer prices, today’s softer inflation data is unlikely to sway the Federal Reserve into cutting interest rates anytime soon, despite mounting political pressure.

Crypto investors have long been anticipating rate cuts, which typically stimulate liquidity and risk-taking in markets like crypto. However, the Fed seems poised to maintain its cautious stance.

Eyes on the Producer Price Index (PPI)

Traders are now turning their attention to the upcoming U.S. Producer Price Index (PPI) release, scheduled for 12:30 PM UTC today. The report could provide deeper insight into inflation trends and further influence the Fed’s interest rate decisions.

Amid all the uncertainty, many investors have chosen to lock in profits following Bitcoin’s impressive rally past $100,000, contributing to the current pullback.

Not All Coins Are Slipping XRP, TRX, and DOGE Show Strength

While the broader crypto market is under pressure, several altcoins are showing signs of resilience and may even present upside opportunities.

XRP: Legal Clarity and Futures Launch Fuel Momentum

XRP has been one of the more consistent performers in 2025, bolstered by a wave of positive developments surrounding Ripple and its ecosystem. Most notably, the SEC has reduced Ripple’s penalty to $50 million, effectively ending a years-long legal dispute and reaffirming XRP’s non-security status.

Excitement is also building ahead of the CME Group’s XRP futures launch on May 19, and investors are awaiting a potential SEC decision on a proposed XRP-based ETF next month.

Technically, XRP rebounded from its April low of $1.6218 and is now trading above its 50-day and 100-day moving averages a bullish sign. The chart also reveals an inverse head-and-shoulders pattern, often a signal of a trend reversal. The “head” is near $1.62, and the shoulders are hovering around $2.

If XRP successfully retests the $2.21 support level, this "break-and-retest" pattern could pave the way for a rally back toward its 2025 high of $3.40, representing a potential 36% upside from current levels.

TRON (TRX): Stablecoin Dominance Drives Growth

TRON (TRX) has also gained strong momentum in this bull cycle, fueled by its rising dominance in the stablecoin market. The TRON network recently surpassed Ethereum in total USDT supply, strengthening its role as a go-to platform for stablecoin transfers, particularly in emerging markets.

Additional tailwinds include TRON’s integration with real-world asset platforms and its continued leadership in daily active addresses and transaction volume, outperforming many other Layer-1 blockchains in 2025.

TRX has rebounded strongly from the $0.21 support level, rising to nearly $0.28, finally breaking above a resistance that has held since January. Now trading within an ascending channel, TRX has also moved above its 20-day and 50-day EMAs, signaling further bullish momentum.

A clean break above the $0.28 zone could trigger a rally toward $0.45, TRX’s 2024 high a potential 66% gain from its current position.

Dogecoin (DOGE): From Meme to Major Player

Dogecoin (DOGE) has surged more than 42% over the past month, currently trading around $0.22, driven largely by a surge in institutional interest.

In a significant development, Grayscale recently launched a Dogecoin Trust, while 21Shares partnered with House of Doge to roll out DOGE-based exchange-traded products (ETPs) in global markets.

Meanwhile, the Dogecoin Foundation is pushing for mainstream adoption. Through a collaboration with House of Doge, they aim to onboard one million merchants via the Dogebox toolkit, an open-source platform for DOGE payment integration.

On the technical side, DOGE has broken past the $0.242 resistance level, which previously held strong in March. It has also formed a classic head-and-shoulders pattern, often an indicator of trend continuation.

Both the MACD and RSI indicators are trending upward. The RSI is at 62, suggesting that DOGE still has room for more upside before entering overbought territory.

If the momentum continues, DOGE could revisit its 2025 high of $0.436, offering a potential 93% gain from current prices.

While today’s dip has rattled the broader crypto market, not all assets are suffering equally. XRP, TRON (TRX), and Dogecoin (DOGE) are standing out as potential short-term outperformers, each backed by strong fundamentals, positive news, and bullish technical setups.

As always, market conditions can change quickly. But with major macro data releases still to come and uncertainty around the Fed’s next move, now might be a crucial time to stay alert, adjust strategies, and focus on coins showing resilient strength amid the volatility.