Ripple (XRP) corrected along with other major digital assets, including Bitcoin (BTC) and Ethereum (ETH), and traded at $2.08 at the time of writing on Wednesday. The drawdown cut across the crypto market, causing the total capitalization to drop 3.2% to $2.736 trillion. XRP faces a combination of factors, including global macroeconomic uncertainty, volatility and the apparent increase in exchange inflows.
Bitcoin has faced multiple rejections around its 200-day Exponential Moving Average (EMA) at $85,000 since Sunday. On Tuesday, BTC tried breaking above this level but was rejected again and declined by 1.12%. At the time of writing on Wednesday, it hovers around $83,500.
Shiba Inu (SHIB) enters the second half of April 2025 locked in a tug-of-war between bullish price speculation and broader market indecision. At press time the SHIB token is trading at $0.000012 on Tuesday, down roughly 9% from its local high of $0.000013 reached on April 1.
