XRP's life-and-death battle, Shiba Inu failed, can Solana turn things around?
XRP is stuck in the descending triangle chart, struggling like a fighting cock. Although it rose sharply before, it is difficult to break through that important level now! It is trying to touch the hurdle of $2.17, but the sellers refuse to give in.
If XRP can climb over the $2.5 mountain, it may be able to run to $2.8, which is its old rival at the last peak. However, it must first get out of the maze of this descending triangle, and the rise will count. Otherwise, if the 26 EMA or $2.05 cannot be maintained, it will fall back to the $1.87 to $2 area, and buyers are watching.
Let's talk about the situation on the XRP chain. The payment volume has fallen so badly, 97%! There are fewer transactions, bad moods, and the network is not so good to use. Without the support of the chain, it is difficult for XRP to increase in price!
Now XRP has reached a critical juncture. If it wants to rise above the triangle and return to $2.5, it will be even more difficult if the chain is not strong enough and the 26 EMA bottom is broken.
Shiba Inu is also unlucky.
The 26 EMA bottom of Shiba Inu was broken earlier. The market looked weak and the decline was more severe. Although it is still hovering at that level, it just has no strength to rebound. Looking at the chart, the highs are lower than one another, and the buying power is also weak. This decline is considered to be confirmed.
Now Shiba Inu is hanging at $0.00002749, taking a breath. If it falls again, it will go to $0.00002640, which is the last line of defense. Further down, it is the area between 0.000022 and 0.000023 USD, where the 50 EMA is guarding.
Want to rise? You have to move the 26 EMA barrier first, which is now at 0.0000285 USD, and it has passed. But now it seems difficult! The problem with Shiba Inu is that the rebound is not strong, and the confidence is gone when the trading volume shrinks.
In addition, the crypto market is so temperamental that it changes at any time. It is difficult for Shiba Inu to find support. If no one buys, it will fall to the bottom of 200 EMA, and 0.000022 USD is waiting. Although Shiba Inu does not look good now
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