The cryptocurrency market is experiencing a shift in trader interests. XRP and SHIB are losing ground while the memecoin Little Pepe attracts attention.
XRP Loses Support, Traders Seek Alternatives
XRP has struggled to maintain its ground after failing to reclaim a key support level. Recent positive developments, such as the SEC lawsuit dismissal, have had little effect on its price. Analysts note the potential for a decline to $2.40. On-chain data indicates a decrease in active addresses and demand for the XRP Ledger, suggesting weakening network activity.
Shiba Inu Faces Bearish Pressure
Shiba Inu is also showing signs of weakness. A recent 'death cross' between its short- and mid-term moving averages indicates potential for deeper downturns. SHIB has dropped below its $0.00001270 support level, with burn activity reducing by over 98% in 24 hours, raising concerns for a token that relies on deflationary hype.
Little Pepe: The Memecoin Gaining Popularity
While XRP and SHIB are struggling, Little Pepe is on the rise. This Ethereum-based meme token has garnered over $22.3 million from 11 sold-out presales, with more than 4.25 billion tokens sold. Its unique features, including zero buy/sell tax, make it trader-friendly. Recent audits indicate the project’s focus on security.
As trader interests shift, XRP and SHIB lose appeal, while Little Pepe with its promising characteristics becomes the focus for investors.
