SHIB, ETH, and XRP experience a roller coaster

SHIB, ETH, and XRP have experienced roller coaster journeys. SHIB has experienced a price increase, ETH has disappointed investors, and XRP has perplexed analysts. 

In the case of Shiba Inu’s SHIB, the meme token went past the $0.000025 barrier, touched the 50 EMA, and is looking towards $0.00003. The question remains whether it can maintain its current price. A large volume was required to cross over the barrier, signifying a positive buyer inclination. Prior to this, SHIB had been facing technical resistance, but the present scenario speaks of more favorable times for the token. 

It appears that SHIB will achieve its target price of $0.00003, as it has surpassed the 50 EMA. The surge in volumes, which all indicate an upward trajectory, reflects positive sentiment.

On the other hand, Ethereum’s ETH reached the $4,000 mark and seemed to have maintained its high position compared to the rest of the market players. However, after a brief period of optimism, it plummeted to a low of $3,900 and is currently struggling to regain its previous position. 

Considering the markets’ upward swing, the scenario may seem bleak, but it has a history of surmounting various resistance levels. For all practical purposes, it now stands at $3,850, with ETH predictions expecting higher results soon. 

XRP appears to have encountered certain unfavorable situations. Since the beginning of the year, this cryptocurrency has been subject to numerous resistances, resulting in a sideways movement in its price. It appears to be surrounded by obstacles and difficulty, which are preventing it from ascending.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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Bitcoin (BTC) $ 65,097.44
Ethereum (ETH) $ 3,526.21
Tether (USDT) $ 0.999656
BNB (BNB) $ 596.91
Solana (SOL) $ 138.05
XRP (XRP) $ 0.492127
Dogecoin (DOGE) $ 0.124679
Cardano (ADA) $ 0.38794