We study Hopfield networks with non-reciprocal coupling inducing switches between memory patterns. Dynamical phase transitions occur between phases of no memory retrieval, retrieval of multiple point-attractors, and limit-cycle attractors. The limit cycle phase is bounded by two critical regions: a Hopf bifurcation line and a fold bifurcation line, each with unique dynamical critical exponents and sensitivity to perturbations. A Master Equation approach numerically verifies the critical behavior predicted analytically. We discuss how these networks could model biological processes near a critical threshold of cyclic instability evolving through multi-step transitions.