Cryptocurrencies

Top Crypto Price Analysis: Solana, Shiba Inu, and XRP

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Written By: Lilly Mwogah
Reviewed By: Saber
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    Summary:
  • Solana, Shiba Inu, and XRP are at key levels. Will they break out or face more selling pressure? Check out the latest analysis.

Today, let’s analyse the latest price action for three top cryptos: Solana (SOL), Shiba Inu (SHIB), and XRP. These coins are at interesting levels, so here’s what to watch out for.

Solana (SOL) Price Analysis

  • Current Price: $163.49
  • Support Level: $151.39
  • Resistance Level: $165.19

Solana is holding at $163.49, with $165.19 acting as a barrier just above. If buyers can push SOL past this level, it could create some positive momentum. However, if the price slips below $151.39, we could see more downside. For now, Solana’s next move hinges on whether it can break that $165 mark.

Solana Daily Chart Analysis

Shiba Inu (SHIB) Price Analysis

  • Current Price: $0.00001702
  • Support Level: $0.00001565
  • Resistance Level: $0.00001766

Shiba Inu is showing signs of strength around $0.00001702, but it’s hitting resistance at $0.00001766. Bulls need to clear this level to give SHIB some breathing room to rise. If that doesn’t happen, support at $0.00001565 might need to step in. Keep an eye on how SHIB handles these levels – it’ll likely tell us where it’s headed next.

Shiba Inu Daily Chart Analysis

XRP Price Analysis

  • Current Price: $0.5131
  • Support Level: $0.4867
  • Resistance Level: $0.5233

XRP is sitting around $0.5131, with resistance close by at $0.5233. A break above that could open up some upside, while a slip below $0.4867 might suggest a further drop. XRP’s chart is setting up for a potential move, so watch how it behaves around these levels.

XRP Daily Chart Analysis

Final Thoughts

Solana, Shiba Inu, and XRP are all at critical junctures. Solana must surpass $165 for significant upwards movement, whereas Shiba Inu is struggling to exceed $0.00001766 to maintain its momentum. XRP is currently trading at just under $0.5233, and crossing this threshold may suggest a potential upward momentum.

If these thresholds are breached, we could witness some declines, making it a crucial period for all of these cryptocurrencies. Monitor their response in the upcoming days to determine whether they can achieve a breakout or if sellers intervene to seize control.

This post was last modified on Nov 04, 2024, 13:04 GMT 13:04

Written By: Lilly Mwogah
Reviewed By: Saber

Lilly Mwogah is a finance writer specializing in cryptocurrencies, forex, and indices. Passionate about simplifying complex financial topics, she creates engaging content for a broad audience. With a solid grasp of market trends and economic indicators, her work informs and empowers readers to navigate the dynamic finance world.

Published by
Written By: Lilly Mwogah
Reviewed By: Saber