Ripple, Shiba Inu, Dogecoin
2/2
Investing.com – Ripple, SHIBA INU and Dogecoin have left behind their recent rebound and are posting further losses on Wednesday, February 2, 2022. The tumbled -2.54% to $0.6109, while the lost – 3.91% to 0.0000208 dollars and yields -1.73% to 0.1404 dollars.
Ripple: increase in liquidity by 50 million XRP?
Whale Alert reported that 50 million XRP worth over $31 million was transferred to an unknown wallet. Data from Bithump shed light on the situation and showed that it was a Ripple wallet, generally used for transactions to financial institutions or to one of the five liquidity corridors at the time. request.
Shiba Inu: new listing offers no support
If the listing of Shiba Inu on Robinhood (NASDAQ:) is still pending, the major Turkish cryptocurrency exchange Bitexen is not insensitive to SHIB. This is why they announced that the token now comes to enrich their range of products.
Along with this development, Steven Cooper, founder of Bigger Entertainment, is advancing his plan to burn Shiba Inu. His latest initiative is a call to the ShibArmy to push his Youtube channel to 100,000 subscriptions.
Dogecoin: expected test of 0.1204 dollars
Dogecoin was admittedly able to recover from its recent low of $0.1204, but the upside move met resistance even before the 38.2% Fibo retracement of $0.1555.
Currently, trading is already taking place again below the 23.6% Fibo retracement of $0.1421. If the support at $0.1366 is broken, the recent low will be retested.
If this low fails to withstand the downside pressure, expect losses towards the 123.6 percent Fibo expansion of $0.0988.
By Marco Oehrl
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