XRP Surges 20%, Ethereum Faces Selling Pressure, Shiba Inu Attempts Recovery

XRP's Strong Recovery and Potential Breakout

XRP has rebounded significantly, rising 20% after hitting recent lows. This recovery indicates shifting momentum from bearish to bullish. Approaching the 100-day EMA, a break above this level could signal an extended bullish phase, targeting $2.60. Rising volume and an improving RSI suggest sustained buying momentum, though market volatility poses risks of a pullback if the EMA isn't breached.

Ethereum's Ongoing Struggles

Ethereum faces strong selling pressure, struggling to overcome the $2,000 psychological barrier. Below key EMAs, ETH's upward momentum is fleeting. Continued selling volume reflects seller conviction, making a turnaround challenging. A failure to reclaim the 50 and 100-day EMAs may lead to further declines toward $1,800 or lower, as buyers await a clearer market bottom.

Shiba Inu's Sixth Recovery Attempt

Shiba Inu is attempting recovery for the sixth time, hovering near $0.000012. Despite this, it remains below key moving averages, indicating bearish dominance. The next resistance at $0.0000135 is crucial; breaking this could push SHIB toward $0.000015. Failure to maintain this level risks a drop to $0.00001, highlighting the asset's ongoing volatility and market sentiment challenges.