Cryptocurrency prices have taken a significant hit, with XRP experiencing a 43% price drop. This drastic decline has left investors wondering if whales will buy into the dip or if this is the start of a more severe crash. Meanwhile, Bitcoin has proven remarkably resilient, maintaining above $95,000 despite hundreds of millions of liquidations.
XRP’s Price Plunge: A Vicious Drop
XRP’s price has plummeted from its peak of $3.40 to $2.00, with critical support levels being lost along the way. If the 100 EMA ($2.15) fails to act as significant support, XRP may test the 200 EMA ($1.60). A relief rally could trigger a bounce from the $2.15 zone, pushing prices back toward $2.60 or even $2.85 if buyers regain control.
Shiba Inu on the Verge of Another Zero
Shiba Inu (SHIB) is in danger, with its price set to drop by another zero. SHIB’s price has lost more than half its value in recent weeks, indicating a sharp decline in the market. The breakdown quickened after it lost significant support levels, such as the 50 EMA, 100 EMA, and 200 EMA.
Bitcoin Remains Resilient Amid Market Turmoil
Despite the wave of liquidations that has swept through the cryptocurrency market, Bitcoin has proven remarkably resilient. It has maintained above $95,000, demonstrating its resilience even in volatile times. Institutional investors and whales are still active, creating strong demand around $92,000 to $95,000.
Key Takeaways:
* XRP’s price has plummeted 43%, leaving investors wondering if whales will buy into the dip.
* Bitcoin remains resilient, maintaining above $95,000 despite hundreds of millions of liquidations.
* Shiba Inu is in danger, with its price set to drop by another zero.
Source: https://u.today/43-xrp-price-drop-will-whales-buy-its-bottom-shiba-inu-shib-on-verge-of-adding-zero-bitcoin-btc