Crypto Market Outlook: XRP, SHIB, and Bitcoin Face Critical Levels

XRP Shows Signs of Potential Reversal

XRP is struggling to maintain momentum after its recent decline but may be nearing a reversal. The asset has hit a critical support level at $2.14, where increased buying interest could stem further drops. If XRP regains the 50-day moving average, it may target $2.30 and beyond. However, failure to hold this level could push it back to $2.00. Traders should monitor volume dynamics, as a significant increase could confirm bullish momentum.

Shiba Inu Reaches Key Support Zone

Shiba Inu has dropped to a crucial support level last seen in August and September 2023. This zone has historically acted as a reliable floor for SHIB. Buyers may intervene here, potentially sparking a reversal, but failure could lead to a sharp decline toward $0.000010. The asset faces additional pressure from downward-trending short-term moving averages, making a quick recovery challenging without improved market sentiment.

Bitcoin's Bearish Outlook Intensifies

Bitcoin is under selling pressure, trading near $81,000, with key moving averages indicating a weakening bullish trend. Analysts warn of a potential retest of $78,000, with $75,000 as the next critical support level. A decline to $75,000 could trigger significant volatility and liquidation events due to heavy open interest in derivatives. The Relative Strength Index (RSI) remains low, reinforcing bearish sentiment. For Bitcoin to reverse its downtrend, a strong move above $90,000 with substantial volume is needed.

Traders should remain cautious, as all three assets face pivotal moments. Monitoring price reactions around key levels and volume changes will be essential for anticipating future moves.