Crypto Price Watch: SHIB, Ripple, and Bitcoin Hold Key Levels
Shiba Inu (SHIB) price stalled at $0.00000500 on Tuesday, marking the end of two consecutive bullish months for the meme coin.
The recent upside momentum has eased, and investors' interest in SHIB is now waning due to rising supply on exchanges.
Despite consistent token burns, profit-taking seems likely, which could impact SHIB's price.
XRP maintained its constructive bullish bias on Tuesday, trading at $1.402 and holding above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs).
The asset is positioned between roughly $1.240 and $1.350, suggesting that the broader uptrend remains supported despite a recent loss of upside momentum.
Bitcoin price stabilized around $79,400 at press time on Tuesday, retaining its constructive bullish tone from August's 25% gains.