SHIB Volume Crashes, XRP Risks $1, Bitcoin Uptrend Falters
The crypto market shows widening bearish pressure as trading volumes across major assets decline. Shiba Inu (SHIB) volumes have collapsed to multimonth lows, keeping its price trapped between $0.0000090 and $0.0000100 and raising prospects of further consolidation or decline. XRP has suffered a death cross after its 50-day EMA fell below the 200-day EMA, pushing the token down to $2.39 and setting a medium-term target at $1 if the $2.20 support fails. Meanwhile, Bitcoin (BTC) appears stuck in a low-volume bounce, trading near $107,000–$111,000 below key moving averages and lacking momentum. RSI indicators for all three assets remain neutral to bearish, confirming the crypto market’s fragile uptrend and subdued investor participation.
Bearish
The collapse in SHIB trading volume and the death cross in XRP signal waning investor interest, a pattern seen in previous cycles where low liquidity preceded extended corrections. Bitcoin’s low-volume bounce resembles past dead-cat recoveries that failed to sustain momentum without renewed capital inflows. The neutral-to-bearish RSI readings across SHIB, XRP, and BTC confirm declining buying pressure. Historically, major rallies lacking volume confirmation—such as late-2021 Bitcoin and Ethereum spikes—ended with price retracements to lower support levels. In the short term, traders may face consolidation or further declines as both retail and institutional participants remain hesitant. Longer-term, these assets will require concrete catalysts—network upgrades or regulatory clarity—to reverse course. Absent such drivers, the prevailing lack of momentum suggests continued downside risks, making the outlook bearish for the crypto market in both short and medium terms.