Shiba Inu (SHIB) Lost Critical Support, Ethereum (ETH) Gains Momentum, XRP’s Volatility Disappears

Shiba Inu (SHIB) has lost critical support at $0.000009, indicating a potential shift in market sentiment from bullish to bearish. The asset is now at a precarious position, with the next support level at $0.0000087 in focus. If this level is breached, it could intensify the bearish momentum. On the other hand, a break above the resistance at $0.0000095 could signal a reversal and attract buyers back into the market. Ethereum, in contrast, has gained momentum and regained investor confidence due to its uninterrupted service during the recent Solana network outage. The asset has rebounded off the 50-day EMA and is approaching the next resistance level at $2,367. Meanwhile, XRP is facing a period of stagnant volatility and waning interest, with its trading range tightly constrained between $0.49 and $0.56. Without significant developments in its legal challenges or breakthrough use cases, XRP remains stuck in a state of limbo.