Analysts see XRP recovering strongly after dip; SHIB holders hedge with Rollblock
Crypto market slumps with billions lost in 24 hours. Ripple and Shiba Inu drop while investors seek refuge in resilient DeFi casino Rollblock.
Crypto is in a sea of red, with billions wiped out from the total market cap in 24 hours. Ripple and Shiba Inu have seen double-digit drops during this timeframe. Meanwhile, investors are mitigating their losses by investing in a crypto underdog showing resilience in the current market climate: DeFi casino Rollblock.
Ripple sees a vertical descent, long-term forecasts remain bullish
Right now, Ripple is priced at $0.502, a steep 19% correction from the $0.65 local top. Despite its strong performance in the past month, Ripple has been hit particularly hard during this downturn.ย
In the past few hours, the news broke that Ripple could be facing a new lawsuit. This comes after the announcement of the Ripple stablecoin RLUSD. Despite all this, analysts remain confident in Rippleโs future and expect a new peak in Q4 when the market finds its footing again.
Shiba Inu is bracing for impact
Shiba Inu just confirmed a death cross signal on the lower time frames. A 17% correction shortly followed and turbulence is only expected to increase for Shiba Inu.
Shiba Inu is currently priced at $0.000011, and itโs heading towards the $0.000009 support level at a quick pace. On-chain analysis shows that whales have been offloading significant amounts of Shiba Inu at the higher levels of the current range. Shiba Inu is still one of the biggest memecoins on the market, but like all memecoins, Shiba Inu is very susceptible to market volatility.
Rollblock Is one of the few safe havens in a sea of red
Rollblockโs native token RBLK has shown impressive strength during this crypto collapse. Over the last 24 hours its price reached a new all-time high of $0.02, and the ongoing presale has crossed $2 million in raised funds.
