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
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