Bitcoin
$23,390.59
-414.92
(-1.74%)
Ethereum
$1,639.57
-30.67
(-1.84%)
Ripple
$0.41
-0
(-0.84%)
Litecoin
$98.24
-2.08
(-2.07%)
EOS
$1.09
+0.01
(+0.56%)
Cardano
$0.40
-0
(-0.45%)
Stellar
$0.09
-0
(-0.66%)
NEO
$8.81
+0.14
(+1.63%)
NEM
$0.04
0
(+0.59%)
DigitalCash
$61.41
-1.08
(-1.73%)
Tether
$1.00
0
(0%)
Binance Coin
$323.04
-7.15
(-2.17%)
QTUM
$2.74
-0.03
(-1.15%)
Verge
$0.00
0
(+0.35%)
Ontology
$0.21
-0
(-1.06%)
ZCash
$45.88
-1.5
(-3.17%)
Steem
$0.20
0
(+0.5%)

XRP, ADA and SHIB Price Analysis: 23 August

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Bitcoin has continued to trade near the $21k mark struggling to breach the $22k resistance level. Well, coins like ADA, XRP, and SHIB have followed suit.

Owing to a lack of demand, at press time, these altcoins were continuing their sideways movement.

XRP

Source: XRP/USDT, TradingView

XRP, at the time of writing, was trading at $0.3370 continuing its sideways movement after a sharp fall on 19 August.

The RSI was at the 41-mark below the neutral 50 level, indicating a weak market movement overall. The OBV further gave a downtrend confirmation with its bearish movement.

The $0.33 level acted as support for the crypto while the $0.40 level acted as resistance. If XRP flips the resistance level into support then a move upward could be expected.

Cardano (ADA)

Source: ADA/USDT, TradingView

At the time of writing, ADA stood at $0.4544 with a 3.06% increase over the past 24 hours. The leading indicator RSI rested at the 39 mark, indicating a weak trend. This was further reinforced by the reading of Awesome Oscillator (AO).

If Cardano is able to breach the $0.4755 resistance level then a further move upward can be expected.

Shiba Inu (SHIB)

Source: SHIB/USDT TradingView

At press time, SHIB was trading at $0.00001310 with a 1.79% growth in the last 24 hours. The meme coin has been facing some resistance at 0.00001383 while the 0.00001264 level is acting as a support. 

The Relative Strength Index (RSI) was at 43 level, indicating the absence of buy pressure while the AO also hinted at the possibility of a pullback.

If SHIB breaks past its current sideways movement above the $0.00001383 then a move upward can be anticipated.  



Read More: XRP, ADA and SHIB Price Analysis: 23 August

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