XRP has shown resilience by repeatedly testing and holding above its 200-day exponential moving average (EMA), a key technical support level. Over the past few sessions, XRP tested the 200 EMA near $2.09-$2.10 three times, each followed by strong recoveries. This repeated interaction suggests a solid base forming amid volatile market conditions.
Currently, XRP remains range-bound between its 200 EMA support and 50 EMA resistance. With the relative strength index (RSI) around mid-40s, momentum is neutral, leaving room for an upward move without reaching overbought levels. If XRP can convert its 50 and 100 EMAs (around $2.25-$2.30) into support, it may retest the $2.60-$2.70 range soon. These tests strengthen XRP’s structural integrity and hint at a potential stronger recovery, provided market conditions remain stable.
Shiba Inu (SHIB) is facing a steep decline, risking a psychological setback known as “adding a zero,” where prices drop below $0.00001000. Trading near $0.00001195 and beneath key EMAs (50, 100, 200), SHIB has struggled to regain momentum. The critical support level at $0.00001231 has been broken, signaling diminished investor confidence.
Volume has steadily declined, reflecting waning interest even at discounted prices. The RSI is near oversold but lacks confirmation for a bullish reversal. Without significant buying interest or catalysts, SHIB’s downside risk remains high, potentially turning it into a cautionary tale rather than a success story in the current bear market.
Ethereum (ETH) is approaching a significant technical event: the golden cross, which occurs when the 50-day moving average crosses above the 200-day moving average. Trading around $2,521, ETH has demonstrated resilience, maintaining levels above its 100 EMA after recovering within an ascending channel.
Trading volume remains steady, and the RSI just below 50 suggests neutral momentum with potential for buildup. A confirmed golden cross, supported by rising volume on positive days, RSI above 50, and closes above $2,600, could signal a medium- to long-term bullish trend. If sustained, ETH might target $3,000 within the next month.