We consider the phenomena of intermittent turbulence in magnetized space plasmas from the point of view of topological phase transitions involving the merging and interactions of anisotropic coherent structures. The stochastic behaviour of these coherent plasma structures can undergo complex changes as the dynamic system evolves, similar to those commonly observed in (first and second order) equilibrium phase transitions. When conditions are favourable, such topological entities can evolve into a state of forced and/or self-organized criticality (FSOC). As an example, we apply these ideas to the understanding of the origin of the commonly observed broadband power-law low frequency electric field spectral densities and the characteristic filamentary current structures in the auroral zone. The broadband turbulence can provide efficient resonant energization of the ionospheric oxygen ions.