The cryptocurrency market is experiencing volatility, with significant price fluctuations among some popular tokens. XRP is on the brink of crisis after a sharp drop, SHIB is preparing for potential growth in October, and Dogecoin is retreating after a successful week.
XRP Faces Price Drop
XRP has recorded a sharp decline of 8%, hitting an intraday low of $3.22. This is the largest drop since April of this year, leading to the liquidation of long positions worth over $21 million in just one hour. XRP's current price is down 12% from its record of $3.66 set on July 18.
SHIB Prepares for October Rally
Shiba Inu (SHIB) has shown a growth of 24.55% in July, but historically, October is the most favorable month for this cryptocurrency. Data analysis suggests that SHIB may be poised for a significant rally in October 2025, especially if market trends continue. In the past three years, the token achieved positive returns in October of 10.4%, 6.04%, and 2.46%.
Dogecoin Drops After Successful Run
Dogecoin (DOGE) dropped by 6.53%, currently trading at $0.247. The overall downturn in the crypto market is due to profit taking, resulting in the liquidation of $508 million in positions over 24 hours. DOGE, which surged by 27% over the week, is now testing key support levels.
The cryptocurrency market is characterized by significant volatile fluctuations. XRP is facing losses, SHIB is anticipating a good month, while Dogecoin is experiencing a pullback after steady growth. Investors should pay attention to these trends and news impacting the market.
