Ripple, Shiba Inu and Cardano – European Wrap 25 August


XRP price has been on an impressive upswing over the past month. While most altcoins are retracing, Ripple has managed to stay afloat without intense drawdowns.

XRP/USDT 1-day chart

Shiba Inu price has suffered a 22% drop from its swing high on August 17 as it continues to lose momentum. Although the SHIB offered an indecisive outlook with the recent technical pattern emergence, the canine-themed token is headed lower following a break below a key support level.

SHIB USDT

Cardano price is currently experiencing a sell-off after setting up a new all-time high on August 23. This downswing is likely to extend to find a stable support barrier before contemplating a new uptrend.

 

ADA/USDT 12-hour chart

 

 

 

 



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