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XRP has suffered a staggering 43% drop, wiping out weeks of gains. The latest price action saw a sharp 30% intraday decline, signaling panic selling and extreme volatility. XRP plunged from its $3.40 peak to $2.00, breaching critical support levels. The bearish momentum intensified as the price fell below the 50 EMA. If the 100 EMA at $2.15 fails, XRP could test the 200 EMA at $1.60. However, whales may step in between $2.00 and $2.15, potentially triggering a relief rally to $2.60 or $2.85. Without strong buy pressure, XRP risks further downside, potentially falling to $1.16.
Shiba Inu (SHIB) is also in crisis, nearing a psychological breakdown as it hovers around $0.00001429. A dip below $0.00001 could lead to catastrophic sentiment shifts. SHIB has already lost over 50% in recent weeks, struggling to hold support at key EMAs. A breakdown could send it toward $0.000008, a level not seen since mid-2023. While a bounce toward $0.000017 is possible, weak demand may limit recovery potential.
Bitcoin, however, remains resilient despite the widespread altcoin crash. It continues to trade above $95,000, demonstrating strong institutional demand. With over $2.24 billion in liquidations, Bitcoin's ability to maintain support is a bullish sign. Key support at $92,000 could prevent a deeper correction, while breaking below may push BTC toward $83,000 or even $75,000. Despite volatility, Bitcoin’s structure remains intact, reinforcing its dominance in the crypto market.
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