Key events are unfolding in the cryptocurrency market concerning XRP, Cardano, and Shiba Inu. We will examine current price levels for XRP, Cardano's support for the XRP token, and the formation of a bullish signal in Shiba Inu.
Analysis of XRP Price Levels
XRP continues to face strong resistance at the $3 level, which limits its growth. If the price fails to close above this level, the risk of a drop towards $2.60 or even $2.00 increases. The weekly chart shows that recent recoveries have created a significant range in which XRP is currently fluctuating.
Cardano's Support for XRP
Co-founder of Cardano Charles Hoskinson confirmed that the Lace wallet will add support for the XRP token by the end of 2025. In a recent 'ask me anything' session, he discussed this with Ripple CEO Brad Garlinghouse, emphasizing that the integration would be an interesting move for the Cardano ecosystem.
Bullish Signal for Shiba Inu
A bullish 'golden cross' has been spotted on Shiba Inu's hourly chart, indicating the potential for further growth. SHIB's price recently rose to $0.0000135; however, a subsequent decline has occurred, likely due to profit-taking.
The current situation in the cryptocurrency market reveals challenging conditions for XRP, while Cardano is actively developing support for XRP. Shiba Inu is showing signs of recovery. These topics remain of high interest among investors and analysts.
