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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/market-volatility-rises-as-meme-coins-face-a-dip-and-xrp-struggles-amid-rate-hike-fears" rel="noopener noreferrer nofollow">Market Volatility Rises as Meme Coins Face a Dip and XRP Struggles Amid Rate Hike Fears</a><br></p>
<p style="text-align: justify">Investor excitement for meme-based cryptocurrencies has been waning, coinciding with growing anxieties over the Federal Reserve’s upcoming decisions. These fears hark back to the 2022 bear market, where aggressive interest rate hikes led to considerable market downturns. Currently, the anticipation of delayed interest rate cuts is prompting new waves of asset sell-offs in response to disappointing economic data.</p>
<h2 id="challenging-times-for-xrp-coin">Challenging Times for XRP Coin</h2>
<p style="text-align: justify">Negative trends in Bitcoin have influenced a downturn in <a href="https://en.bitcoinhaber.net/xrps-turbulent-night-failed-transfer-attempt-and-whale-movements" rel="noopener noreferrer nofollow">Ripple</a>‘s <a href="https://en.bitcoinhaber.net/ripples-xrp-climbs-against-market-variability" rel="noopener noreferrer nofollow">XRP</a>, which is now rapidly approaching previously predicted support levels. Initial concerns centered around a drop below $0.74, fostering expectations of a descent towards $0.68 and eventually $0.58. This decline has been expedited by Bitcoin’s recent slump, with XRP now touching base with its support levels sooner than anticipated. In the wake of ongoing litigation with the SEC, investor sentiment appears shaky, with the possibility of an SEC win casting a shadow over future prospects. Additionally, the increasing supply of XRP necessitates a market cap surge beyond its 2021 high to achieve a $2 valuation. Presently, the market cap from 2021 would correlate to a unit price of around $1.35.</p>
<p style="text-align: justify">A look at the current price charts reveals that XRP has slid to its parallel channel support, and any closures beneath this threshold may introduce new lows ranging from $0.54 to $0.48, with further support near $0.46-$0.47.</p>
<h2 id="floki-s-price-forecast-amidst-meme-coin-decline">FLOKI’s Price Forecast Amidst Meme Coin Decline</h2>
<p style="text-align: justify">The meme coin sector, once buoyed by hype, is now experiencing a downturn. <a href="https://en.bitcoinhaber.net/market-analysis-and-predictions-for-solana-sol" rel="noopener noreferrer nofollow">Solana</a>‘s rise to all-time highs was quickly overshadowed by Bitcoin’s early drop, which pushed risk-friendly investors towards quick sales. FLOKI Coin, which had recently enjoyed significant gains, has undergone a precipitous fall. After achieving a staggering 94% profitability rate, investors are now cautious, foreseeing potential drops below $0.000163, and in more severe scenarios, down to $0.0000943 or even $0.0000357.</p>
<p style="text-align: justify">Nevertheless, should Bitcoin make a swift recovery from the $60,000 zone and investor interest in meme coins be reignited, price points of $0.000250 and $0.000298 could potentially be back on the table.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/market-volatility-rises-as-meme-coins-face-a-dip-and-xrp-struggles-amid-rate-hike-fears" rel="noopener noreferrer nofollow">Market Volatility Rises as Meme Coins Face a Dip and XRP Struggles Amid Rate Hike Fears</a></h5>

Market Volatility Rises as Meme Coins Face a Dip and XRP Struggles Amid Rate Hike Fears

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