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Crypto Market ReviewTue, 4/02/2025 – 0:01Cover image via U.TodayDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.AdvertisementXRP’s price plummeted by 43%, wiping out weeks worth of gains. Just the most recent daily candle has created a vicious knife that is 30% downward, indicating extreme volatility and panic selling. Will whales buy the dip as XRP falls toward important support levels, or is this the start of a more severe crash?Critical support levels have been lost as XRP has fallen to $2.00 from its peak of $3.40. A change in momentum toward bearish territory was confirmed by the most recent candle, which cut through the 50 EMA. If the 100 EMA, or $2.15, fails to act as the next significant support, XRP may test the 200 EMA, which is currently at $1.60. XRP/USDT Chart by TradingViewXRP is currently in a vulnerable position. A relief rally could be triggered by a strong bounce from the $2.15 zone, which could push prices back toward $2.60 or even $2.85 if buyers regain control. But if support is broken, losses could quicken, and the price could drop to $1.160 or less.Large investors have historically tended to amass during severe price collapses. Whale activity may indicate a bottom formation if it increases between $2.00 and $2.15. But XRP might keep declining if there is not any significant buy pressure, particularly if the overall state of the market is still poor. AdvertisementShiba Inu gets hitA critical breakdown is imminent for Shiba Inu, and its price is about to drop by another zero. SHIB, which is now trading at about $0.00001429, could drop below the $0.00001 mark, which would have disastrous effects on the mood of the market. SHIB is in danger as a result of the massive sell-off. In recent weeks, SHIB has lost more than half of its value, indicating a sharp decline in the market.After it lost significant support levels, such as the 50 EMA, 100 EMA and 200 EMA, the breakdown quickened. Since it has become harder for bulls to regain control due to the growing bearish momentum, everyone is now watching the $0.00001 threshold. Investor confidence would be further undermined if SHIB fell below this psychological barrier, adding another zero to its price. RelatedA move into the five-zero range could lead to even more selling pressure because meme coins like SHIB have historically relied heavily on psychological price levels and community hype. The bearish scenario is that SHIB will drop sharply toward $0.000008, a level that has not been touched sinc