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XRP Above $3: Next Target in Line, Shiba Inu (SHIB) Showing Nothing, Solana (SOL) on Verge of Becoming Bullish Again
The recent market movement has been a pleasant surprise for many crypto investors. However, it’s essential to remember that performance still depends on surpassing significant resistance levels. Investors should take heart from the asset’s recent movement. The bullish sentiment would be strengthened by a clear close above the 50 EMA; if this is not the case, the asset may enter a consolidation phase.
In the context of XRP, it has been able to break the $3 mark, leaving room for further growth. As the next target in line, we can expect the price to continue its upward trajectory. This development could be attributed to several factors, including improved market sentiment and growing interest in the asset itself.
On the other hand, Shiba Inu (SHIB) has been underwhelming, failing to gain significant momentum and maintain a consistent upward trend. Despite this stagnation, it’s essential for investors not to lose hope as the crypto market is known for its unpredictability.
Solana (SOL), in contrast, seems poised to make another bullish push. The asset has demonstrated remarkable resilience throughout recent weeks, showcasing its potential to recover from previous losses.
Source: u.today
