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Bitcoin, Shiba Inu, and XRP Face Price Action Challenges

Explore the latest price movements and challenges for Bitcoin, Shiba Inu, and XRP as they navigate uncertain market conditions.
Published on 2025-05-05

Bitcoin's Golden Cross Fails to Impress

Bitcoin's price action is showing weakness despite a golden cross, hovering near $95k with waning volume and an RSI of 64. The lack of institutional interest and follow-through momentum raises concerns about a potential breakout. If momentum doesn't improve, Bitcoin could retreat to the $91k support level. While structurally positive, the absence of buying pressure and macroeconomic uncertainty may lead to consolidation between $91k and $96k.

Shiba Inu's Volume Woes Intensify

Shiba Inu's trading volume has plummeted, signaling reduced investor interest. Currently trading above $0.00001296, SHIB's failed attempt to breach resistance highlights the impact of low volume. The RSI nearing neutral suggests a potential decline towards the 50-day EMA at $0.00001274. Without a volume surge, SHIB may face further retracement or consolidation, with potential support at $0.0000120-$0.0000118.

XRP's Volatile Outlook

XRP is nearing a critical juncture, trading at $2.19 with narrowing range and flat volume, indicating a potential volatility squeeze. A drop below $2 could trigger a retracement to the 200 EMA at $1.99, while a breakout above $2.25-$2.30 could target $3. However, the lack of momentum and volume post-rallies raises doubts about sustained upward movement.

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