XRP Struggles, SHIB Sees Activity, Bitcoin Downtrend Intens…

Cryptocurrency markets are facing challenges, with XRP, Bitcoin, and Shiba Inu (SHIB) exhibiting distinct trends. XRP continues to struggle, showing no signs of short-term recovery and exhibiting a verified “death cross” on its chart. Sellers maintain control, and a break below $2.20 could lead to further declines towards $1.80 or $1.60. The asset requires a move above $2.60 to regain lost ground.

Shiba Inu is showing signs of life after a period of low volatility, with 2.7 trillion SHIB tokens transacted in the past day. Increased on-chain activity and exchange outflows suggest potential accumulation, although SHIB is still below its 50-day moving average.

Bitcoin is experiencing an intensifying downtrend, with selling volume sharply increasing. The asset has fallen to around $101,800, losing almost 7% in a few sessions and breaking below its 200-day moving average. This setup suggests conviction-driven selling rather than seller fatigue, potentially leading to a retest of the $98,000-$96,000 range and a potential move towards $90,000 if selling pressure persists.

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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.