• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shiba Inu, Ethereum, and XRP Analysis: What to Expect from the Crypto Market

user avatar

by Giorgi Kostiuk

a year ago

The cryptocurrency market is undergoing significant changes. Let's examine the impact of these changes on Shiba Inu, Ethereum, and XRP.

Current State of Shiba Inu

Shiba Inu is still facing challenges as its price struggles to hold onto key support levels. The asset loses support at $0.000022 and hits $0.000021. Despite a recent 5.36% recovery, SHIB remains under pressure. Sellers continue to exert influence, reflected in trading volume declines.

Ethereum Recovery

Ethereum shows signs of recovery with a 4.79% gain. The asset moves away from the support level at $3,120 and approaches resistance at $3,356. Increased trading volume also indicates investor interest.

XRP Correction

XRP is recovering after a correction, posting a nearly 10% gain. The asset tests support levels around $3. Continued growth depends on XRP's ability to overcome resistance and maintain above key levels.

Analysis of Shiba Inu, Ethereum, and XRP shows that the crypto market is in a state of change. Traders should closely monitor developments and remain cautious.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Grayscale to Launch New ETF for Binance Coin

chest

Grayscale is planning to launch a new ETF for Binance Coin (BNB), which could positively impact its price.

user avatarRajesh Kumar

Uniswap Faces Resistance Amid Selling Pressure

chest

Uniswap's UNI token struggles under significant resistance, indicating potential challenges for recovery.

user avatarEmily Carter

Market Makers and Their Role in Liquidity

chest

Market makers play a vital role in providing liquidity in cryptocurrency markets by continuously placing buy and sell orders.

user avatarLucas Weissmann

February Could Mark a Bullish Shift for Bitcoin

chest

February has historically been a bullish month for Bitcoin, with a median 7% weekly return expected, driven by corporate earnings and optimistic guidance.

user avatarFilippo Romano

BlackRock Halts Bitcoin Selloff with Significant Inflows

chest

BlackRock has paused its massive Bitcoin selloff after four consecutive days of outflows, recording an inflow of 159 million, the highest by any asset manager in the ETF market.

user avatarKaterina Papadopoulou

Bitcoin Experiences High Outflows Amid Institutional Activity

chest

Bitcoin continues to face volatility, with significant outflows from various funds totaling 146 billion or 16,300 BTC in the last 30 days. Despite this, business intelligence firm Strategy announced the purchase of an additional 2,932 BTC valued at over 264 million, offering a glimmer of hope to the market that not all institutional holders are selling off their assets.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.