XRP Enters Reversal Zone, $0.00002 Shiba Inu (SHIB) Level Is Dangerous, Will Ethereum (ETH) Survive?

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

The pullback was caused by broader market's risk-averse sentiment. This de-risking mode is a common reaction of investors seeking to minimize high risks. Consequently, SHIB has struggled to maintain its upward momentum.SHIB is testing critical support levels, currently.

XRP has been in a place where there has been some heavy selling at hand recently a few weeks ago. However, the present price at whichtrades at $0.47 is a very important level. This area catches the eye for the reason that it has supported the price action in past and therefore could be a level where the asset starts to move in the opposite direction.This was due to current support and previous resistance that seems to hold at the $0.50 level, which is accepted as a psychological level.

Several factors are contributing to Ethereum's current struggle. Market-wide de-risking, regulatory uncertainties and macroeconomic conditions have all played a role in pushing enthusiasm down, despite the approval of the ETF.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

262 Million XRP Snapped up by Single Whale as Price Reversal AwaitsSingle XRP whale snaps up 262 million XRP ahead of potential price reversal
Source: Utoday_en - 🏆 295. / 63 Read more »

XRP Holders Take Huge 40.6 Million XRP out of Major ExchangeMajor exchange faces 40 million XRP drop in user funds
Source: Utoday_en - 🏆 295. / 63 Read more »

25 Million XRP Suddenly Exit Binance as XRP Price Finds Crucial SupportMysterious 25 million XRP withdrawal stuns world's largest exchange
Source: Utoday_en - 🏆 295. / 63 Read more »

Ripple advances 1 billion XRP commitment through XRPL Japan-Korea Fund, ranges below $0.50Ripple (XRP) announced the launch of the XRP Ledger Japan-Korea Fund.
Source: FXStreetNews - 🏆 14. / 72 Read more »

XRP Skyrockets 60% in Volume as XRP Price Outperforms BitcoinXRP trading volume soared 60% in 24 hours, outperforming Bitcoin with significant price gains amid market decline and Coinbase listing
Source: Utoday_en - 🏆 295. / 63 Read more »

XRP Will Disappoint Bulls in June If XRP Price History Comes TrueAfter rise in price in May, XRP is likely to face downturn in June if history repeats itself
Source: Utoday_en - 🏆 295. / 63 Read more »