XRP, Bitcoin, and Shiba Inu: Price Analysis and Market Trends

XRP's Struggle and Potential Breakout

XRP remains trapped in a downward channel, with both upper and lower boundaries steadily declining. The asset currently hovers near the lower boundary at $2.00, a critical support level. A breakout above the upper trendline near $2.58 is essential for reversing the bearish trend.

To signal short-term strength, XRP must first maintain stability above $2.30. Falling below $2.00 could accelerate losses. While moving averages suggest a pessimistic outlook, declining selling volume hints at potential bearish weakness, possibly setting the stage for a breakout. If XRP regains $2.58, a retest of $3.00 could follow.

Bitcoin's Volatility and Support Tests

Bitcoin faces increasing bearish pressure, with the $75,000 support level at risk of breaking. Recent price action suggests further declines may be imminent, with the 50-day moving average sloping downward. Waning buyer interest is evident from the volume profile, as rallies are quickly met with selling.

A drop below $75,000 could trigger accelerated selling and liquidations. However, Bitcoin has shown resilience in previous downturns, and a recovery remains possible. If Bitcoin stabilizes above $78,000, bulls may regain control, pushing the price back toward the $85,000-$90,000 range.

Shiba Inu's Resilience Amid Bearish Pressure

Despite intense bearish pressure, Shiba Inu (SHIB) has shown signs of resilience. Recent price action indicates bulls are attempting to recover lost ground, with SHIB trading near a critical support level that previously acted as a price floor.

A notable development is SHIB's attempt to overcome a key resistance level that has caused rejections in the past. If bulls succeed, a consolidation phase may follow before a stronger upward move. However, failure to maintain momentum could lead to fresh declines.

While moving averages remain bearish, the RSI emerging from oversold conditions suggests a potential reversal. SHIB's recovery prospects heavily depend on broader market sentiment, particularly Bitcoin's performance. Despite challenges, SHIB is showing determination, raising hopes for a more significant recovery soon.