Bitcoin has fallen to a serious level. The Shiba Inu is still in the recovery phase. XRP is expected to gain momentum over time. In a macro sense, the cryptocurrency market is influenced by many factors. This includes economic conditions, Federal Reserve decisions, regulatory compliance, recognition, adoption, etc. However, BTC, SHIB, and XRP have been through a lot recently.
For example, Bitcoin is testing resistance at $65,000. A drop below this margin could lead to further declines. BTC is already far from its ATH of around $74,000. Additionally, a drop below the stated resistance level may lead to further liquidation of your holdings. The selling pressure is clear, and continuing that sentiment will only harm the flagship digital asset.
BTC is currently trading at $65,077.88, down 0.83% in the last 24 hours and down 3.50% in the last 7 days. Despite its high market capitalization and high 24-hour trading volume, it took a big hit. The token is poised to surpass $84,000 by the end of the year. BTC price prediction Discussions about meeting the $100,000 valuation by December 31, 2024 are still ongoing.
Additionally, the near-term outlook is bullish with volatility at 2.13% and 14-day RSI at 39.59. It is expected to rise to $85,808 with a monthly growth rate of approximately 31.51%. The current bearish trend does not exactly support that forecast, but it is still visible. The number of green transactions in the last 30 days is 50%, and the Fear and Greed Index stands at 64.
SHIB has surged 1.57% in the past 24 hours and is listed at $0.00001844 at press time. It also showed a decline of 16.63% over the past 7 days and 25.05% over the past 30 days. Shiba Inu’s market capitalization has also decreased significantly, falling from its previous value of $14 billion to its current value of less than $11 billion.
Only the forecast for the next five days is optimistic. The token is likely to decline by 5.28% over the next 30 days. The value would then be approximately $0.00001788. Sentiment is bearish right now. It’s all for good reasons. Volatility is slightly higher (over 9%) and the 14-day RSI is 28.22.
XRP will probably see an uptick after all after Ripple and the SEC have concluded their legal battle. The current token price is $0.4923, down 1.55% in the last 24 hours. In the next 30 days, XRP is expected to reach a value of $0.596759. This would be a surge of 20.84% from the current token value.
It is a common belief that XRP will only see an upward trend in the future.