Shiba Inu, Solana & Ripple — Asian Wrap 13 December

Shiba Inu price is putting up a fight against the bearish force, but on-chain metrics show the downtrend is unfazed. Countertrend scalping the SHIB price could become problematic as the potential for a strong sell-off lingers underneath the notorious meme coin’s hood.

Solana price is preparing for its next surge as price consolidates since November. Based on recent months, the SOL price leans more bearish. Still, the current range can squeeze out more gains. Key levels have been defined to assess a bullish and bearish scenario.

Ripple (XRP) price is set to get some backing from the Fed as this week mostly focuses on US inflation and its central bank. Expected to come on Wednesday evening is a speech where Fed Chair Jerome Powell will hike interest rates by 50bp.