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XRP Rapidly Diving Below $2, Bitcoin (BTC) on Verge of Losing $80,000, Shiba Inu (SHIB) Loses All Breakout Gains
The crypto market is experiencing a wave of bearish sentiment, with several major cryptocurrencies experiencing significant losses. The current price action is likely to cause some concern among investors and traders.
XRP is in the midst of a sharp decline, rapidly losing value and heading towards the psychological support level of $2. This move comes after a failed attempt at breaking above the $0.45 resistance. It seems that bulls have lost momentum, and bears are currently in control. In case XRP breaks below this crucial level, it could be headed for further losses.
Bitcoin (BTC) is on the verge of losing its grip on $80,000, which has been a significant support area in recent times. The current downturn may be an opportunity for investors to accumulate Bitcoin at discounted levels. It remains to be seen if this can happen before BTC falls below this key level.
Shiba Inu (SHIB) has also taken a hit, losing all of its previous gains from the breakout above $0.00000650. This is a significant setback and may have some investors rethinking their positions in SHIB. It’s crucial to stay up-to-date with market movements and adjust your strategy accordingly.
In conclusion, it’s essential for traders and investors alike to monitor market trends closely and adapt their strategies based on price action.
Source: https://u.today/xrp-rapidly-diving-below-2-bitcoin-btc-on-verge-of-losing-80000-shiba-inu-shib-loses-all-breakout
