XRP, GALA, and Shiba Inu Price Analysis: 14 May

BTC/USD Long positions on Bitfinex skyrocketed in the past couple of days and encouraged traders to believe that the local bottom was in for Bitcoin. BTC did indeed bounce from $28.8k to $30.8k but fell once more to trade at $29.3k at press time.

Timeline of Shiba-inu, Xrp

In a recent letter, Ripple offered a harsh rebuke to the Securities and Exchange Commission's (SEC) move to block documents crucial to the case. The U.S SEC vs Ripple lawsuit is still revolving around the revelation and verdict of former director Bill Hinman's Infamous Ethereum Speech.

The price of XRP has nosedived substantially to a level that it last touched almost 70 weeks ago. At the current time, XRP's price have been trading near its immediate support level of $0.36.

Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today's session. Polkadot (DOT) DOT was one of today's biggest gainers, as

Ripple (XRP) prices tracked a broader recovery in crypto markets, ahead of an update in the Securities and Exchange Commission (SEC) case. The token rose 21% ahead of a response from the organization to another attempt by the SEC to block the release of internal memos crucial to the case.

Today, the price of Ripple (XRP) is in a downward correction as the cryptocurrency peaks at $0.46. Yesterday, the altcoin fell to the low of $0.33 as the bulls bought the dips. Buyers defended the current support from further decline in the last 24 hours.

Shiba Inu price analysis for today is bearish as the market has failed to break out of the descending triangle pattern. The $0.00002764 resistance is still in play and if the market fails to break out of it, we could see a further decline towards the $0.00000917 support.

Shiba Inu price has dropped down to levels that were last seen in late September 2021 before the altcoin began its well-known exponential run-up to new highs. This massive crash comes at a time when the entire market is plagued with fear and where investors are panic selling their holdings in a frenzy.

The Shiba Inu ecosystem has been consistent with its updates as developers have been working hard at it. According to the official Shiba Inu blog post, the primary financial components, Shibarium, SHI and SHIBFE, are underway and shall be soon completed.

The Shiba Inu ($SHIB) community could soon have a token donation portal to complement its token burn portal in a bid to help burn tokens and decrease the cryptocurrency's circulating supply. During an interview with Gfinity Esports Trophias, a Shiba Defence Breed member who has called for a donations portal on Shiba Inu's Discord server

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice XRP has lost 30% on the charts in the past 48 hours, and the market structure was strongly bearish in the low to medium time horizons. A bullish divergence on the hourly chart set up