XRP Shows Early Signs of Recovery After Weeks of Selling Pressure Price action is above the 26-day EMA, a key level traders monitor for short-term momentum shifts. XRP has bounced back from recent lows of $1.40, shifting the short-term technical outlook after a drop from over $2.30 earlier this year. Trading volume surged as XRP bounced back, showing strong buyer intervention after hitting the lower limit of its descending channel. Breaking above the 26 EMA indicates traders are ready to jump back in after a long correction, signaling a temporary dip in bearish momentum. While breaking above the 26 EMA is a good sign, XRP faces several technical hurdles ahead. The asset continues to decline, sitting below key long-term moving averages like the 50 and 200 EMA zones. The trend stays bearish, with the current movement poised to either rally for recovery or slip into another consolidation phase. XRP needs to stay above the 26 EMA and reclaim resistance near $1.75 and $1.90 to boost bullish momentum. Higher lows signal buyers regaining control. If this recovery falters, prices could quickly drop back to recent support levels. The technical picture is improving, but it’s not fully bullish yet. XRP could see a significant recovery in the coming weeks if buying pressure continues. Breaking above the 26 EMA suggests a shift in momentum.
Ethereum shows short-term weakness with a micro-double-top pattern on lower time frames. This raises doubts about the asset’s ability to sustain its recent stabilization efforts. The market is in a fragile consolidation phase, with significant downside risks after a sharp sell-off that pushed ETH from over $3,000 to around $2,000. Ethereum tried to bounce back above $2,100 twice but couldn’t maintain the momentum, resulting in a micro-double-top pattern. Frequent rejections signal weak buyers unable to reclaim key resistance, leaving ETH vulnerable to new selling pressure. These formations often signal continuation, not reversal, after a major downtrend. Ethereum’s stance at the critical $2,000 support level makes the current situation particularly risky. This threshold sits slightly above the price, and repeated tests gradually weaken support structures. A clean drop below $2,000 could spark another wave of liquidations and panic-selling, pushing ETH toward the $1,800-$1,700 range, where demand has historically surged.
Bearish momentum still rules the market, as shown by technical indicators. Ethereum remains under its key moving averages, which continue to trend downward, showing that sellers dominate the market. Relief rallies may be brief, appearing more corrective than the start of a lasting recovery. Short-term volatility may arise from the micro-double-top formation itself. Triggered stops often ensnare late buyers, leading to sudden price swings from failed bounce attempts. Investors should expect unpredictable price movements instead of a smooth trajectory. Shiba Inu bounces back, trading 25% above its recent low after weeks of decline. Recent price trends show buyers are coming back after a long decline that pushed SHIB into oversold territory, leading to a brief recovery that’s catching traders’ eyes again. As selling momentum faded, SHIB found support near $0.000006, attracting buyers and igniting a recent bounce. The price has steadily risen, bouncing back from short-term moving averages and creating a series of higher lows, showing that immediate bearish pressure has eased for now. Rebound volume surges suggest short-covering and savvy buying fueled the move.
SHIB remains in a downward trend over longer periods, but the recent bounce indicates a shift from panic-selling to cautious accumulation. Rallies often emerge after sharp monthly declines as traders seek bargain entry points and capitalize on oversold conditions. SHIB could test nearby resistance levels if momentum continues. A sustained move above these zones could spark greater speculative interest in the asset, strengthening the case for a deeper recovery. SHIB’s 25% bounce from recent lows suggests selling pressure is easing. If buying interest persists and market conditions improve, the token could gain traction and see better price performance in the coming sessions.