The cryptocurrency market is staging a sharp recovery, reviving upside targets for Shiba Inu (SHIB), XRP and Bitcoin that had looked increasingly unlikely at the end of last year.
Shiba Inu revisits “zero removal” narrative
Shiba Inu has broken out of a prolonged period of weakness, reigniting speculation about another “zero removal” in its price. After months of compressed trading, SHIB posted a decisive move higher accompanied by a spike in volume, lifting it through short-term resistance levels that had capped rallies since late autumn.
The move marks a clear exit from its local downtrend structure and has shifted short-term sentiment. Analysts note that such sharp breakouts often follow extended consolidation phases, suggesting the move may be technically meaningful rather than a random price spike.
For the bullish case, the key test is whether SHIB can hold above its breakout zone. Sustained trading above this area, supported by steady buying, would keep the door open for further gains. Failure to hold would increase the risk that the rally becomes a temporary relief bounce.
Momentum indicators currently point to room for continuation. The RSI has moved out of neutral territory without entering historically overheated levels, while higher trading volumes indicate active participation rather than a low-liquidity move. Still, analysts caution that SHIB remains vulnerable to broader market weakness and overhead supply, with investors advised to expect volatility, sharp pullbacks and profit-taking along the way.
XRP breaks above key technical barrier
XRP has climbed and held above a critical resistance area aligned with its 50-day exponential moving average (EMA), a level that repeatedly repelled recovery attempts in the second half of last year. This time, the price reclaimed the level, consolidated above it and continued higher.
Market watchers view the 50-day EMA as more than a simple reference line. For months, trading below it signaled that XRP rallies were corrective rather than the start of a new uptrend. By breaking through and holding this level with follow-through, XRP is signaling a potential shift from a prolonged corrective phase toward a medium-term bullish setup.
Momentum readings support that interpretation. The RSI has moved into what is typically considered a bullish zone without immediately flashing overbought conditions, while volume expanded during the breakout, suggesting genuine buying interest.
Short-term pullbacks remain likely after strong advances, but as long as XRP trades above the 50-day EMA, dips are more likely to attract buyers than trigger broad selling. The asset is no longer constrained by the same technical ceiling that limited it for months, though volatility is expected to remain a feature of trading.
Bitcoin approaches the $100,000 debate
Bitcoin is once again nearing the psychological $100,000 level, but analysts argue that two major technical hurdles still stand in the way before that target becomes realistically attainable.
The first is a short-term descending trendline that has guided price action since the last breakdown from the highs. While Bitcoin has begun to curve higher and recover momentum, each push up risks forming another lower high unless the price can break and hold above this declining resistance.
The second obstacle is a dense band of mid- and long-term moving averages clustered in the upper-$90,000 to low-$100,000 range. Historically, this zone has acted as a distribution area where sellers emerge and liquidity thins. Analysts say it will take sustained spot demand, not just a brief tag of the level, for Bitcoin to absorb supply there.
From a technical standpoint, Bitcoin has responded constructively to its recent sell-off. A deep flush that cleared leverage and pushed out weaker holders preceded the rebound. Volume suggests active participation, and the RSI has lifted from neutral levels without immediate signs of exhaustion, supporting the view that the market may be forming a base rather than staging a short-lived bounce.
However, timing risk remains high. As sentiment tilts more optimistic and $100,000 becomes a central talking point, the chances of a sharp shakeout increase. A sudden risk-off move, institutional profit-taking or negative macro headlines could trigger a swift pullback before any sustained breakout attempt.
Analysts conclude that while $100,000 is within sight, it is not a foregone conclusion. A constructive scenario would see spot demand driving Bitcoin through its descending resistance, followed by consolidation above that level and a gradual push through overhead supply.