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Weekly projections for XRP, SHIB, and TRX prices

GrafaGrafa2024/08/22 06:00
By:Mahathir Bayena

This week, the cryptocurrencies XRP (CRYPTO:XRP), SHIB (CRYPTO:SHIB), and TRX (CRYPTO:TRX) are experiencing significant movements, with each showing distinct price trends and potential targets.

TRON (TRX) has been notable for its performance, having surged by 27% recently.

The cryptocurrency is approaching its all-time high of 18 cents, following a successful breakout above 15 cents, which now acts as a critical support level.

At present, TRX is trading around $0.16.

The bullish trend is evident, and TRX’s target for this rally remains at its historical peak.

XRP has also shown positive momentum.

The cryptocurrency began the week with gains and is working to solidify recent advancements after finding strong support at 54 cents.

The immediate target for XRP is 68 cents, with the current price hovering around $0.60.

The bullish sentiment suggests that XRP may continue to advance towards this target if it maintains its current trajectory.

SHIB, on the other hand, has faced challenges this week.

Despite some struggles, there is renewed interest from buyers.

The crucial resistance level to watch is $0.000014.

If SHIB can break through this resistance, it may escape its current downtrend and begin to rise again.

This week presents critical testing points for TRX, XRP, and SHIB.

TRX aims for its historical high, XRP is targeting further gains, and SHIB’s recovery depends on breaking key resistance.

Market dynamics and price movements will be crucial in determining whether these cryptocurrencies can meet their respective targets.

At press time, XRP was valued at $0.5983, Shiba Inu was at $0.00001406, and TRON was priced at $0.1494.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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