cryptom market under pressure: XRP, Shiba Inu and Bitcoin fight with significant declines

<p> <strong> cryptom market under pressure: XRP, Shiba Inu and Bitcoin fight with significant declines </strong> </p>

cryptocurrency markets in view: XRP, Shiba Inu and Bitcoin show weaknesses

The current developments on the cryptocurrency market are worrying. XRP, Shiba Inu and Bitcoin fight with clear declines that reflect the insecurity of the investors.

XRP shows worrying weakness

XRP shows signs of weakness and currently acts at $ 2.19 after it had already fallen to USD 2.00 at the beginning of the week. The short -term recovery only offers a breath in a tense market environment. The daily chart indicates a descending channel, characterized by lower highs and lows, and confirms the long -lasting downward trend. A hope of recovery was disappointed by the recent rejection in the area of ​​the 26- and 50-ema zones between $ 2.35 and $ 2.41. XRP is in a bear structure as long as this area is not clearly exceeded. Particularly worrying is the proximity to the important support at 1.94 USD, the 200a, which has been considered significant in recent months.

Shiba Inu suffers setback

Shiba Inu has lost almost 10 % of its value in the past few days and has fallen back to the pre -crisis level. The current price is $ 0.00001273, only slightly above important support. This decline confirms that the recent increase was a classic fakeout - a short -term rally that quickly collapsed. A few days ago, Shib still showed potential when the price over the 50-MA brand and the resistance rose at $ 0.00001400. However, the movement quickly lost to momentum, which caused the short -term outbreak gains to be completely dissolved.

The biggest weak point of Shiba Inu is in the inability to create sustainable trading volume. Despite the short -term interest, there was no subsequent demand. The RSI is 43.91, which promises little hope of quick recovery. The price is currently in the support zone between 0.00001270 and 0.00001300. Breaking this support could lead the course towards $ 0.00001200, which acted as an important accumulation zone in March.

Bitcoin fights for stability

Bitcoin currently deals with around $ 83,358 and has difficulty staying above the decisive mark of $ 80,000. The weaknesses of the digital asset are shown in the breaking of the rising trend line and in the poor purchase interest in this price segment. The 100-made, which previously acted as a dynamic line of resistance, is now around $ 88,000, which Bitcoin could not successfully defend.

A decline below 80,000 $ 80,000 could invalidate the upward structure of the market. These bearish views are underpinned by a weakening trading volume, which indicates a lack of purchase interest. The RSI is around 44.17 and shows that the momentum tends into the bear. With a break of less than $ 80,000, the next support would be around 76,000, followed by USD 72,000, which were considered important battery levels in previous corrections. A deeper correction in the direction of $ 68,000, where the long-term 200ema is located, could also be borne if this area is broken.

FAZIT

In summary, XRP, Shiba Inu and Bitcoin show all weaknesses that indicate challenging market conditions. These developments strengthen volatility and uncertainty on the cryptocurrency market and present investors with great challenges.