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XRP is once again under heavy pressure after breaching critical support levels, with analysts warning that the token could be preparing for a deeper slide toward $2. The move comes after a week of heavy selling that erased billions from the asset’s market value and left traders bracing for further downside. Notably, the token slipped beneath the psychologically important $2.40 threshold on October 16, extending a decline that has already seen XRP tumble more than 14% from last week’s peak at $2.79. XRP 1-week price chart. Source: Finbold The digital aseet’s market capitalization has shrunk from $167 billion to $143 billion in just seven days, with nearly $8 billion wiped out in the past 24 hours alone. XRP 1-day market cap chart. Source: CoinMarketCap Crypto expert sounds the XRP alarm Respected on-chain analyst Ali Martinez warned that XRP’s chart structure suggests more pain ahead. “XRP looks like it wants to revisit $2,” he said, highlighting $2.80 ...

Shiba Inu (SHIB) is an extremely popular cryptocurrency. One of the primary reasons for SHIB’s incredible popularity is its massive 2021 rally. SHIB’s price took off by many million percent during the 2021 bull run. Early investors made massive returns with minimal investments. New players in the crypto sector flocked to the project to make big money. While early players got big returns, people who entered at the top are still in losses. SHIB fans and investors are hopeful that the asset will reclaim its 2021 momentum. But this may be more difficult than many imagine. Why Shiba Inu May Not Recover Its 2021 Momentum Source: CoinGape One of the most significant catalysts for SHIB’s 2021 rally was Vitalik Buterin’s token burn. The Ethereum co-founder received half of SHIB’s entire supply upon launch. Buterin decided to burn 90% of the tokens he received. His actions led to a substantial supply dip and a massive price spike. There are still about 589 trillion S...