Back to main

XRP, Dogecoin, and Shiba Inu Post Gains Amid Market Revival

In the past 24 hours, cryptocurrencies Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) have all posted minor gains following broader market trends, showing a mixture of optimism and caution among traders.

XRP saw a decrease to $0.59 on April 10, but soon mirrored the market’s revival, climbing to $0.62 at the time of the report.

The Accumulation/Distribution (A/D) indicator suggests that the rise in XRP’s price was due to investors buying the dip.

“As of this writing, distribution had not taken over, indicating that a further increase could be likely,” the report notes.

If this upward trend continues, XRP could test the $0.65 resistance level. However, the MACD indicates an ongoing tussle between buyers and sellers, which could stall the rise and keep XRP’s price oscillating between $0.58 and $0.61.

Dogecoin’s recent 6.99% increase, reclaiming $0.20, was bolstered by a favorable chart pattern.

On April 7, a golden cross appeared on the 4-hour chart as the 20 EMA (blue) crossed over the 50 EMA (yellow), signaling a bullish trend.

If this positive momentum holds, DOGE could potentially rise towards $0.22, barring any bearish interventions. Conversely, a fallback to $0.18 might occur if the bulls lose their grip.

READ MORE: Shiba Inu’s Burn Rate Skyrockets by 1,344%, Igniting Speculation on Price Movement and Game Update Excitement

Shiba Inu, meanwhile, struggled to overcome the $0.000030 psychological barrier. On April 9, SHIB approached this threshold but faced a pullback after peaking at $0.000029.

At press time, the price had settled at $0.000028.

The Relative Strength Index (RSI) showed a growth in buying activity, hinting at a possible push towards $0.000030 soon.

Supporting this bullish outlook, the Chaikin Money Flow (CMF) also indicated an increase, suggesting that SHIB could be primed for a climb potentially reaching $0.000035 in the short term.

Each cryptocurrency shows unique patterns and indicators that suggest varying short-term price movements. Market participants will likely continue monitoring these signals closely to navigate the volatile crypto market.

To submit a crypto press release (PR), send an email to [email protected].

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read on Crypto Intelligence Investment Disclaimer