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COINTURK NEWS > Technical Analysis > Market Dynamics of PEPE, SHIB, and XRP: Current Predictions Unveiled
Technical Analysis

Market Dynamics of PEPE, SHIB, and XRP: Current Predictions Unveiled

In Brief

  • The BTC price struggles to stabilize despite returning to $97,000.

  • PEPE and SHIB face volatility due to market uncertainties and tariffs.

  • XRP Coin maintains strong support while aiming for higher price targets.

İlayda Peker
İlayda Peker 3 months ago
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BTC price has returned to the threshold of $97,000 but has not yet solidified a secure zone. The volatile trend continues to be influenced by news. While positive news brings limited increases, negative developments are observed to suddenly pull prices down. So what are the latest predictions for SHIB, PEPE, and XRP Coins?

Contents
Insights on PEPE and SHIBPredictions for XRP Coin

Insights on PEPE and SHIB

PEPE Coin reached massive volumes when it initially gained popularity, and Binance listed it alongside Floki Coin. However, following weaknesses in the Ether market, PEPE Coin has nearly returned to its starting point. The U.S. is announcing additional tariffs to various countries in succession, keeping the volatility consistent.

The decline in PEPE Coin, which has been ongoing for 66 days, has resulted in nearly a 70% loss from its peak. Although a support level of $0.00000789 is being maintained, the resistance at $0.00001184 has yet to be tested. If BTC permits, we may see a movement towards this area.

With a busy agenda, the tariff issue is expected to occupy the markets for at least another month. If Trump is not bluffing, the narrative around tariffs and trade freedom globally will change. This could pose bigger problems than the recent declines in cryptocurrencies.

The second largest meme coin by market value, SHIB, has seen some recovery today. It is currently fighting to reclaim $0.0000169. If successful in converting this key point into support, a new test at $0.00002172 may be on the horizon. During this process, altcoins need to momentarily differentiate positively to reassure investors, as the prolonged downturn has already greatly worn them out.

Predictions for XRP Coin

Ripple $2 has been working for years on blockchain-based solutions for banks. As Trump shows a decisive stance to make the U.S. a crypto capital, the company holds a significant position at his table. This is particularly important for XRP Coin in the long run.

In the short term, the support at $2.4 is holding despite the negativity. XRP Coin has become one of the strongest altcoins, and we may see new attempts at $2.77.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 12 February, 2025 - 9:56 pm 12 February, 2025 - 9:56 pm
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By İlayda Peker
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