BTC, SHIB, and XRP see fluctuating movements on the price chart

BTC, SHIB, and XRP see fluctuating movements on the price chart

Bitcoin is down to a crucial level. Shiba Inu is still on the verge of recovery. XRP is expected to gain momentum as time passes. The crypto market, in a macro sense, is affected by several factors. This includes economic conditions, Federal Reserve decisions, regulatory compliance, recognition, and adoption, among others. However, BTC, SHIB, and XRP have gone through a lot in recent times.

Bitcoin, for example, is testing the resistance of $65,000. Falling below that margin could lead to further declines. BTC is already far away from the ATH of around $74,000. Also, a fall below the stated resistance level could invite a higher liquidation of holdings. The selling pressure is evident, and carrying forward that sentiment will only harm the flagship digital asset.

BTC is currently exchanging hands at $65,077.88, down by 0.83% in the last 24 hours and 3.50% in the last 7 days. The market cap and 24-hour trading volume, even though high, have taken a major hit. The token is still poised to move beyond $84,000 by year-end. BTC price predictions about meeting the $100k value by December 31, 2024, are still persistent.

Furthermore, near-term projections are bullish amidst 2.13% volatility and a 14-day RSI of 39.59. The monthly growth is predicted to hover around 31.51% for a jump to $85,808. Current bearish trends don’t exactly support that prediction, but it is still in sight. The number of green trades in the last 30 days is 50%, as the Fear & Greed Index shows 64 points in its favor.

SHIB has surged by 1.57% in the last 24 hours, listed at $0.00001844 at the press time. It further reflects a decrease of 16.63% in the last 7 days and 25.05% in the last 30 days. Shiba Inu has also seen a massive decline in its market cap, which is now below $11 billion from its previous value of above $14 billion.

Only the prediction for the next 5 days is optimistic. The token is likely to see a dip of 5.28% in the next 30 days. That will take the value to around $0.00001788. Sentiments are bearish right now, for all the right reasons one can say. The volatility is slightly higher (above 9%), and the 14-day RSI is 28.22.

XRP will eventually mark an upswing, probably after Ripple and the SEC are thorough with their legal battle. For now, the token is at $0.4923, down by 1.55% in the last 24 hours. In the next 30 days, XRP is expected to reach the value of $0.596759. That will be a surge of 20.84% from the current token value.

The prevailing belief is that XRP will only see uptrends in the future.

Harsh Chauhan

Harsh Chauhan is an experienced crypto journalist and editor at CryptoNewsZ. He was formerly an editor at various industries and has written extensively about Crypto, Blockchain, Web3, NFT and AI. Harsh holds a Bachelor of Business Administration degree with a focus on Marketing and a certification from the Blockchain Foundation Program. Through his writings, he hold the pulse of rapidly evolving crypto landscape, delivering timely updates and thought-provoking analysis. His commitment to providing value to readers is evident in every piece of content produced.

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Published at Wed, 19 Jun 2024 20:05:40 +0200

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