XRP Back in $2 World, Bitcoin (BTC) Caught in Crossfire, Shiba Inu (SHIB) Let Bulls Down
Main Idea
XRP has dropped back to the $2 range, Bitcoin is consolidating in a narrow technical zone, and Shiba Inu (SHIB) faces resistance and potential further declines.
Key Points
1. XRP is back in the $2 price range after failing to maintain above $3, with recent declines bringing it near $2.35, aligning with the 200-day moving average.
2. Bitcoin is caught between the 50-day EMA (support) and the 26-day EMA (resistance), with the RSI cooling down from overbought conditions, suggesting a potential healthier base before a move higher.
3. Shiba Inu (SHIB) has seen a failed burn surge, with momentum cooling and the RSI muted at 44, indicating potential further declines if support at $0.0000120 is broken.
Description
Market slowly diving into bearish territory that might create conditions for aggravation of trend
Latest News
- Save Satoshi Petition Touted by '$1 Million' BTC Samson Mow2025-08-07 08:18:59
- Ripple CTO Wants to Share XRP Facts with Caitlin Long2025-08-07 08:18:44
- Crypto Ban No Longer Feasible for SEC, Bloomberg's Top Columnist Says2025-08-07 06:16:58
- XRP Rockets 7,676% in Liquidation Imbalance, 12,887.11% for Shiba Inu, Ripple CTO Back In Code — Crypto News Digest2025-08-07 00:23:39
- XRP Back in $2 World, Bitcoin (BTC) Caught in Crossfire, Shiba Inu (SHIB) Let Bulls Down2025-08-07 00:19:46