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XRP Reaching Critical Support Level, Shiba Inu (SHIB) Breaches Yearly Price Foundation, Dogecoin (DOGE): Has It Begun?
The cryptocurrency market has been witnessing a tumultuous ride in recent times. The sudden downturn in the market has led to significant losses for many investors. Among these, XRP has caught attention as it reaches a critical support level at $1.80 range. This level is crucial, and if breached, could potentially lead to further declines.
The current situation with XRP highlights its vulnerability, particularly given its recent performance. In the event that this level fails to hold, we may see the price dropping even lower towards $1.50. While this scenario seems bleak for bulls, it’s essential to note that the 200 EMA has historically functioned as a solid support area in the past.
On the other hand, Shiba Inu (SHIB) has seen an impressive upswing, successfully breaching its yearly price foundation. This sudden surge raises concerns about whether we’re witnessing the start of a new trend for this meme cryptocurrency. While SHIB enthusiasts might be ecstatic about the recent rally, it’s crucial to remember that the crypto market is infamous for its unpredictability.
Meanwhile, Dogecoin (DOGE) remains in an equally precarious position. As the broader market trends downward, DOGE’s price has been heavily impacted, leading many to question whether this downturn marks a reversal of the coin’s recent growth.
Source: https://u.today/xrp-reaching-critical-support-level-shiba-inu-shib-breaches-yearly-price-foundation-dogecoin-doge
