finally, XRP The pair broke through the crucial downtrend line resistance level, indicating that a major upward rally may be about to begin. After weeks of consolidation within a narrow range, traders have a clear indication that momentum could be heading higher with this breakout. The recent rally above the $2.30 mark, which saw XRP close above the trend line and important moving averages, including the 50 EMA, validates the bullish sentiment. This level now serves as a solid foundation for future development.

The next important resistance levels to watch if the bullish momentum continues are $2.50 and $2.70. With a successful push above these levels, XRP The price may target $3.00, a psychological barrier that may interest investors again. The size of the breakout is noteworthy but not yet explosive, suggesting that although the breakout is legitimate, more buying pressure could help the rally gain more momentum.

With the RSI at 59 at the moment, there is still a chance for more upside before the market becomes overbought. If XRP is unable to maintain its position above $2.30, it may retest the downtrend line, which is currently acting as support at around $2.20. But if this level is broken, the bullish scenario may be invalidated and the price may move towards the $2.00 level, which is in line with the 100 EMA. All things considered, XRPThe breakout paves the way for a potential rally with $3.00 as a crucial long-term target.

To check the strength of this breakout, traders should carefully monitor volume and support levels. As the technical structure indicates expansion, XRP may be preparing for its next significant move.

Shiba Inu facing forward

A head and shoulders pattern, a bearish structure that often heralds a potential downward move, has begun to form on the Shiba Inu. The asset is currently struggling near important support levels, so traders and investors need to pay close attention to this pattern.

now, GrayIts price is trading near $0.0000200, just above the 200 EMA. By being a strong support area, this level has stopped sharper selling. But the neckline of the pattern, which is around $0.0000215, is still crucial. In line with previous demand areas, a confirmed break below this level could lead to a strong move towards the next important support at $0.0000180.

Immediate resistance on the upside is $0.0000225 level. If this level is broken, the bearish pattern may be considered invalid, allowing this to occur Gray To retest $0.0000250. It will take significant buying pressure to break through this resistance level, which is in line with the 50 EMA.

Volume analysis shows that there is not much upward momentum, which makes the current pattern even more worrying. The RSI is also approaching 45, indicating neutral conditions with the potential for a decline if sellers take control.

SHIB's next move will be largely determined by price action around the neckline and the 200 EMA, although the head and shoulders pattern has yet to be fully confirmed. Since a breakout in either direction could result in a significant price movement, traders should monitor these levels carefully. For now, it is advised to be cautious and manage risks around these important levels.

Bitcoin needs to wake up

With regard to price movement, Bitcoin It appears to be lagging behind other digital assets as the king of cryptocurrencies remains trapped in a low-volatility phase. Traders and investors who expect a strong directional movement are becoming concerned about this stagnation. After an impressive rally in late 2024, Bitcoin has struggled to maintain momentum and is currently trading at around $94,000.

The absence of noticeable price movement contrasts sharply with the more dynamic performance of other crypto market assets. Bitcoin has not been able to attract traders or boost confidence in a potential hack due to this muted activity. price Bitcoin The pair is consolidating below the 50 EMA, a crucial resistance level near $97,000, according to the daily chart.

For there to be any potential for an uptrend, this level must be broken. The $87,700 support level, which corresponds to the 100 EMA, remains a safeguard against further declines. There may be a longer decline towards the 200 EMA at $78,000 if Bitcoin price falls below this level.

Although the RSI currently sits at 45, indicating neutral sentiment, it also shows that Bitcoin does not have the momentum needed for a major move in either direction. Furthermore, the market's below-average trading volumes support the idea that it is in a wait-and-see phase.