Shiba Inu (SHIB) and XRP Weekend Update
Shiba Inu (SHIB) and XRP both experienced positive movements over the weekend, recovering from recent losses. Here are the key points:
- Shiba Inu (SHIB) saw a bounce after hitting a low of $0.000008016 on Friday, reaching a peak of $0.00000822 on Saturday.
- The relative strength index (RSI) for SHIB also rose from a support level of 39.00 to a reading of 43.27.
- XRP/USD rose from a low of $0.5128 to a high of $0.5298, attempting to surpass a floor at $0.5045.
- The RSI for XRP collided with a resistance level of 35.00, with the price currently at $0.5235.
- If the resistance levels for SHIB and XRP are broken, higher price targets can be expected at $0.5435 and $0.5435, respectively.
Hot Take
Both Shiba Inu (SHIB) and XRP have shown positive signs of recovery over the weekend. However, it remains to be seen if this upward momentum will continue in the coming days. Crypto investors should closely monitor the resistance levels mentioned to gauge the potential for further price gains. As always, it is important to conduct thorough research and exercise caution when investing in cryptocurrencies.
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