XRP Back to Bottom? Shiba Inu (SHIB) Rally Stops, But There’s Still Hope, Did Bitcoin (BTC) Reach New Top?

XRP is at a critical point in its market journey, facing resistance at the 26-day Exponential Moving Average (EMA). This suggests a potential retracement, with sellers regaining control. If selling pressure continues, XRP could drop towards the $0.50 support level, which has historically acted as a floor for the asset’s price.

On the other hand, if XRP can overcome the resistance posed by the 26 EMA, there could be a chance for recovery and an upward move. A sustained break above this moving average could invalidate the bearish scenario and pave the way for a move towards the next resistance near $0.56.

Shiba Inu’s recent rally has paused, with the token positioned between the 100 and 50 EMAs on the daily chart. This indicates a potential consolidation phase before the next move. The 50-day EMA is the immediate resistance level that SHIB needs to break through to reignite its rally, while the 100-day EMA serves as a support level.

If SHIB can push past the resistance at the 50-day EMA and hold above this level, it could signal renewed investor confidence and steer the asset towards the next resistance at $0.000010. Conversely, if SHIB fails to break through the resistance and slips below the 100-day EMA, it might face a drop towards $0.0000080.

Bitcoin has surpassed the crucial $48,220 mark, indicating a bullish sentiment. However, further gains may be preceded by a phase of correction or consolidation. If Bitcoin consolidates above $48,220 and builds sufficient pressure, we could see a continuation of the rally towards the psychologically significant $50,000 mark.

Should Bitcoin retract and fail to uphold the $48,220 level, it could drop towards the next substantial support near $45,000. The intersection of the 50-day and 100-day EMAs will indicate where Bitcoin might find equilibrium during a retracement.