The cryptocurrency market continues to be influenced by volatility. Let's examine how PEPE, SHIB, and XRP are progressing at present.
Current State of PEPE and SHIB
PEPE Coin, a popular meme coin, has significantly lost its position following its initial rise. Weaknesses in the Ether market have impacted PEPE, which has lost about 70% from its peak over the past 66 days. Support at $0.00000789 is holding, but resistance at $0.00001184 has yet to be tested. Market forecasts remain cautious amid geopolitical instability.
SHIB Market Dynamics
SHIB, the second-largest meme coin by market value, is showing attempts at recovery. Today, it is fighting to reclaim the $0.0000169 level. Successfully overcoming this mark would allow SHIB to test the $0.00002172 level. SHIB's recovery is crucial to maintain investor confidence during a prolonged downturn.
Ripple and XRP Predictions
Ripple is actively developing blockchain solutions for banks, and with the U.S. efforts to become a crypto hub, XRP Coin holds a significant position. In the short term, support at $2.4 for XRP is holding, and the future could see attempts towards $2.77.
Maintaining the resilience of key supports in the foreseeable future will be critical for further movements in PEPE, SHIB, and XRP. Investors continue to monitor developments closely, especially amidst changes in global trade policy.
