- Shiba Inu (SHIB) faces bearish pressure: SHIB is nearing a death cross and trading around $0.000015, with potential further declines to $0.000012 unless buying pressure increases.
- XRP stuck between key EMAs: XRP is trading between the 50 EMA ($2.62) and 100 EMA ($2.17). A breakout above the 50 EMA could push it toward $3.00, but failure to hold support may lead to a drop to $1.63.
- Ethereum (ETH) struggles to reclaim $3,000: ETH is stabilizing near $2,760 but must break above the 200 EMA ($3,117) to target $3,300-$3,500. Failure to do so could result in further consolidation or a drop to $2,400.
Shiba Inu (SHIB), XRP, and Ethereum (ETH) are approaching crucial price levels that could determine their next moves. While bearish signals and resistance levels continue to challenge these assets, analysts suggest that strong breakouts could spark major recoveries. Let’s take a closer look at their current positions and what might come next.
Shiba Inu (SHIB) Struggles as Cross Nears
Shiba Inu (SHIB) is on the verge of a death cross, where the 50 EMA crosses below the 200 EMA, signaling a deeper bearish trend. Currently trading around $0.000015, SHIB has dropped more than 50% from its December highs.
- SHIB remains below both its 50 EMA ($0.0000204) and 100 EMA ($0.0000211), reflecting weakened momentum.
- Analysts warn that a break below $0.000015 could push SHIB to $0.000012 or even $0.000010.
- A brief recovery above $0.000018 may offer temporary relief, but resistance at $0.000020 could cap any gains unless buying pressure increases significantly.
XRP Battles Between Key Moving Averages
XRP is trading between the 50 EMA ($2.62) and 100 EMA ($2.17), creating an uncertain scenario. Traders are waiting for a breakout, as price action near these levels often determines the asset’s short-term trajectory.
- If XRP can break above the 50 EMA, it may target $2.74 and eventually $3.00.
- Failure to hold above the 100 EMA could lead to a drop toward $1.63.
- RSI remains weak at 37.81, suggesting limited buying momentum, though a volume spike could signal a reversal attempt.
Ethereum (ETH) Eyes a Return to $3,000
After a sharp decline, Ethereum (ETH) is stabilizing near $2,760, but faces a tough challenge at the 200 EMA ($3,117)—a crucial resistance level. Breaking above this barrier would require strong and sustained buying momentum.
- A successful breakout could drive ETH toward $3,300-$3,500.
- If ETH struggles to overcome the 200 EMA, it may consolidate between $2,600 and $3,000.
- A further decline to $2,400 is possible if momentum weakens and support at $2,600 fails.
Final Thoughts
All three assets—SHIB, XRP, and ETH—are at critical junctures. For bulls to regain control, significant resistance levels need to be breached with strong volume. However, if momentum fades, further corrections may be on the horizon. Traders should keep a close watch on price action, particularly near key EMAs, for signs of the next major move.
