XRP, Bitcoin, and Shiba Inu: Price Struggles and Potential Breakouts

XRP's Struggles Intensify

XRP is facing significant challenges in its price recovery due to a sharp decline in on-chain payment volume, with a recent 730 million XRP outflow. This drop has raised concerns about waning investor confidence and reduced network activity. Despite broader market recovery, XRP has struggled to maintain upward momentum, hovering around $2.32. The 50-day and 100-day moving averages continue to act as resistance, while the asset marks lower highs, signaling fading buying pressure. Reduced transactional activity and utility are major hurdles for XRP's recovery.

Bitcoin's Volatile Outlook

Bitcoin's price trajectory remains volatile, with the asset struggling to maintain momentum above $90,000. A recent decline in trading volume suggests both institutional and retail investors are pulling back, leading to a lack of significant buying pressure. The 1,460-day ROI chart shows a downward trend, indicating declining long-term profitability and potentially weakening market sentiment. While Bitcoin could face further downward pressure toward $85,000, a reversal above $90,000 and $92,500 resistance levels could reignite hopes for a rally toward $100,000.

Shiba Inu Shows Recovery Signs

Shiba Inu (SHIB) is attempting to break through the critical resistance level of $0.000013, supported by rising trading volume and a series of higher lows. Bullish indicators, such as an improving RSI and a potential breakout above a declining trendline, suggest growing buying momentum. However, failure to close above $0.000013 with significant volume could lead to retracement toward $0.000012, delaying a potential breakout. If successful, SHIB could rally toward $0.000016 and $0.000018, mirroring its historical explosive price movements.